Core Viewpoint - The article highlights the strategic advancements and growth potential of Hui Tong Da Network in the context of the macroeconomic environment favoring technology, industry, and capital expansion [1][2][7] Group 1: Strategic Development - Hui Tong Da Network has demonstrated a clear and stable strategic layout in 2023, focusing on the "technology," "industry," and "capital" triad, with tangible results emerging [2] - The company has launched its "Qian Cheng Cloud AI" industry vertical model, which was approved by the National Cyberspace Administration in May, marking it as one of the early adopters of self-developed AI integrated with mainstream large models [2] - The "AI+ strategy" is being implemented across three main areas: "AI+ industry platform," "AI+ SaaS," and "AI+ smart terminals," providing numerous Agent applications to clients, covering the entire process of goods circulation [2][3] Group 2: Industry Deepening - Since the announcement of the "three major supply chain projects" in February, Hui Tong Da Network has rapidly implemented various initiatives, including the establishment of a brand ecosystem covering nine brands across four industries [3] - The "Brand Express" initiative has created direct channels to rural member stores in collaboration with major brands like Apple, enhancing sales and profitability for member stores [3] - The "Open Supply Chain Project" integrates more supply chain merchants and utilizes AI procurement assistants to help member stores match local consumer demands accurately [3] Group 3: Capital Empowerment - Hui Tong Da Network has recently undertaken significant capital actions, including a share buyback plan with a maximum amount of RMB 500 million, reflecting management's confidence in future business prospects [4] - The company has applied for the conversion of approximately 91.48% of its domestic shares into H-shares, which is expected to increase the proportion of H-shares from 32.04% to 94.21%, enhancing market liquidity and attracting more investors [4] Group 4: Undervalued Potential - The term "underrated" is frequently used in the capital market, indicating that Hui Tong Da Network's current value is not fully recognized, despite its significant growth potential [5] - The company possesses key advantages such as the integration of technology and consumption, a vast market development space, and a strong platform that is replicable [5] - Hui Tong Da Network is positioned in the "first tier" of companies effectively integrating AI applications in the consumer sector, leveraging its extensive network of nearly 250,000 member stores [5] Group 5: Internal Growth and Strategic Expansion - Hui Tong Da Network shows strong internal growth momentum, with opportunities for expansion in product categories, procurement ratios, and high-margin private label products [6] - The company's "one main, two auxiliary" strategy indicates a focus on strengthening its B2B services while actively exploring overseas and B2C business opportunities [6] - The significant growth in sales of its self-branded air conditioning product "Alti Sha" by four times year-on-year in the first quarter demonstrates the company's capability to support broader market coverage [6] Group 6: Market Reassessment - The current market perception of Hui Tong Da Network does not adequately reflect its true value and future growth potential [7] - The company exhibits strong competitiveness and resilience in AI technology application, internal growth dynamics, and strategic expansion [7] - Hui Tong Da Network's unique growth logic and forward-looking strategic layout warrant a reassessment and evaluation by the market, with potential for value reappraisal in the future [7]

Core Viewpoint - Huitongda Network (9878) launched its "AI+ Strategy" and the "Suqing Small Shop" cultivation plan, focusing on enhancing efficiency in member stores through over 50 AI solutions and a comprehensive AI ecosystem [1][7][9] Group 1: AI+ Strategy Overview - The "AI+ Strategy" includes a cloud-based model called "Qiancheng Cloud AI" and three major projects aimed at improving efficiency in urban and rural supply chains [3][9] - The three major projects are: 1. "AI+ Industry Platform Project" to connect upstream brand factories with member stores for better supply chain management 2. "AI+ SaaS Service Project" to enhance procurement efficiency and transaction volume for member stores 3. "AI+ Smart Terminal Project" to provide customized AI applications through partnerships with hardware manufacturers [3][5][9] Group 2: AI Solutions and Tools - The "Qiancheng AI Super Store Manager" app was developed to assist member stores in eight operational areas, offering over 15 versatile AI assistant tools [4] - New edge computing devices named "Xuanwu" and "Zhongshan" were introduced to provide one-stop AI solutions for upstream and downstream clients [4][5] Group 3: Strategic Partnerships and Initiatives - Huitongda partnered with the Communist Youth League of Jiangsu Province to launch the "Suqing Small Shop" cultivation plan, aiming to empower over 10,000 youth-led small shops with AI technology and digital marketing [7] - The company also formed strategic alliances with various chip and hardware manufacturers to create an AI service ecosystem for member stores [7] Group 4: Market Position and Future Outlook - Huitongda has established a strong presence in the lower-tier market, serving 250,000 member stores across 21 provinces, leveraging digital and intelligent technologies to drive transformation [9] - The integration of AI with existing supply chain initiatives is expected to enhance consumer demand and contribute to rural revitalization efforts [9]