Core Insights - Recent reports from various financial institutions, including Citigroup and First Shanghai, highlight the positive outcomes of HuTongDa's strategic transformation, particularly its "AI + Smart Supply Chain" model, leading to a consensus "Buy" rating with target prices reaching 23 HKD [1][2] Group 1: Strategic Transformation - HuTongDa's profitability metrics have reached historical highs, indicating the effectiveness of its strategic transformation since the second half of 2024, with significant upgrades in its AI + SaaS business [1] - The collaboration with Alibaba Cloud has provided HuTongDa with robust technological capabilities and computational power, facilitating the development of the "Small Store Big Model Intelligent Agent" [1] - The company is enhancing its supply chain capabilities through self-operated products, proprietary brands, and partnerships with leading brands, which injects strong momentum for long-term growth [1] Group 2: Market Position and Growth Prospects - HuTongDa is recognized as a leader in the AI + e-commerce sector within the underserved market, having established a competitive advantage in this space [1] - The core business of HuTongDa is experiencing steady growth, with improvements in profitability indicators such as gross margin, confirming the initial success of its transformation [1] - The AI + SaaS segment is emerging as a second growth engine, supporting a long-term optimistic outlook for HuTongDa's profitability [1][2]
多家境外券商认可：AI+驱动新增长 汇通达网络战略升级成效显著、盈利质量持续提升