以上内容基于公开资料整理，不构成投资建议。 公司所属的线上零售商板块近期上涨3.52%，但港股科技股整体表现疲软。自2025年10月以来，恒生科 技指数下跌近20%，部分成分股跌幅超30%，市场受美联储政策不确定性及行业传闻扰动。汇通达当前 市盈率（TTM）为17.38倍，市净率0.62，估值低于行业中枢。 机构观点 机构对汇通达长期前景保持乐观，2025年9月至2026年1月期间，所有覆盖机构的评级均为"买入"或"增 持"，目标价均价为24.04港元，较当前股价存在显著空间。机构认为公司AI与供应链整合若能有效落 地，有望支撑业绩增长。 经济观察网 汇通达网络近期热点集中于AI技术落地与政策响应。2026年2月22日，公司宣布其"千橙零 售机器人"进入测试阶段，结合自研的"千橙云AI智能大模型"与阿里云合作，推动门店巡检、商品导购 等场景的数字化提效。同时，公司于2月21日响应中央一号文件，强调通过"AI+智慧供应链"双轮驱动 战略深化下沉市场布局，并已于2月13日完成收购金通灵25%股权，以强化上游供应链控制力。 股票近期走势 截至2026年2月23日收盘，股价报9.62港元，当日下跌1.13%，近5日累 ...

Core Viewpoint - The company, Huitongda Network (9878.HK), is leveraging favorable consumer policies and advancements in artificial intelligence (AI) technology to enhance the digitalization and operational efficiency of traditional retail entities through its AI models and intelligent agents [1] Group 1: AI Development and Collaboration - Huitongda has developed the "Qiancheng Cloud AI Intelligent Model" and is collaborating comprehensively with Alibaba Cloud on AI capabilities, including computing power and data resources [1] - The AI model integrates features such as text-to-image, text-to-video, and marketing planning, enabling store owners to create promotional plans, posters, and short videos with a single click [1] Group 2: AI Retail Robots - The "Qiancheng Retail Robot" is currently in the testing phase, designed to enhance store operations from both merchant and customer perspectives through tasks like store inspections and product guidance [1] - This robot will help store owners gain a clearer understanding of product sales and inventory, facilitating intelligent procurement, restocking, and price adjustments [1] - Additionally, the robot will analyze store shelves and customer pathways to provide guidance and promotional services to consumers [1] Group 3: Market Expansion - The integrated AI layout of the "Qiancheng Retail Robot" and "Qiancheng AI Super Store Manager" is set to be promoted in Huitongda's member stores in lower-tier markets and is expected to extend to the "Community Hard Discount Supermarket" project and other stores [1] - This initiative aims to inject new AI-driven momentum into the digitalization of retail in both urban and rural markets [1]