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]

智通财经APP获悉，叠加价格与市场的多重利好，二季度以来，汇通达网络(09878)在多地下沉市场的手机通讯会员店销售实现"倍增"。 服务江苏区域会员店的汇通达达人铁军张宇介绍："我们会教会员店老板用AI员工一键采购高质价比的数据线等周边配件，也会教老板一键生成抽奖活动、 做社群营销，来帮助到店率、成交率和经营利润的多重提升。" 一边是即时零售项目带来的经营模式升级，另一边是AI赋能下的经营效率提升，汇通达对手机通讯门店的"双管齐下"成效明显。 双战略落地，汇通达打造数智化的"AI产业路由器" 一方面得益于汇通达与行业头部品牌共推的门店即时零售项目，为会员店接入电商和本地生活平台的流量；另一方面在汇通达持续迭代的AI工具赋能下， 会员店在经营商品和粉丝社群的效率显著提升，助力销售转化。 10 the 1 FIFA. 即时零售+AI，让下沉市场会员店"卖好"大牌尖货 河南济源、江苏丹阳、广东佛山等地，不少门店在加入汇通达旗下公司居家运通的 Apple 乡镇授权项目之后，二季度销量环比提升达到100%以上。 "加入即时零售项目后，门店的经营变化很大。"佛山石湾镇的陈老板说，首先是官方货源直发到店，比过去从渠道拿货更 ...

6月18日，汇通达网络(9878.HK)"千橙AI超级店长"大版本更新。 此次更新，上线9款Agent助手，覆盖"基础运营""会员营销""多媒体创意"等多个经营场景，从商品采购 到社群推广、转化，让门店全流程用上AI员工。 深挖数据价值，"分析类Agent"即将上线 除了服务会员店日常经营管理的Agent助手之外，进一步挖掘下沉市场商品流通和消费者行为习惯的"分 析类Agent"，也计划在"千橙AI超级店长"本月上线。 随着AI员工的全面上线，汇通达"AI+SaaS"战略稳步落地。"我们的研发、运营和一线'达人铁军'将协同 做好会员店服务和产品功能优化迭代，让会员店老板们通过'千橙AI超级店长'把生意做大、做优。"汇 通达相关负责人表示。 "即将发布的主要有两款：数据分析专家和会员分析专家。前者支持通过会员店的经营数据，给予老板 在经营策略和商品采购方面的指导；后者通过粉丝数据，帮助老板更精准地策划和执行促销活动。" 9款Agent助手上线，一键做海报、一键做促销 薛老板的家电店在浙江当地镇上开了30年，成为汇通达会员店之后，平时开单、收银、管理都通过SaaS 一体机来完成。 "升级'千橙AI超级店长'之后， ...

汇通达网络作为中国领先的利用数字化技术和供应链能力赋能服务乡镇夫妻店的产业互联网平台，2025 年以来，持续推进"AI+战略"深化落地，未来将在"AI+产业平台""AI+SaaS""AI+智能终端"三大方向持 续深耕，构建工厂到会员店全链路的数智化升级，激活下沉市场海量数据资产，推动创新供应链模式高 效落地，进一步扩大内需、畅通国内经济循环。 今年2月，汇通达网络在行业内率先接入DeepSeek等主流大模型，部署上线"AI员工"等智能体;4月，正 式发布AI+战略及产品矩阵，推出自主研发的"千橙云AI智能大模型""千橙AI超级店长"APP等；5月，大 模型通过国家备案。6月5日，发布在会员店零售客户端的"千橙AI超级店长"新版本，强化AI能力，在首 页增加"千橙AI"入口的同时，还全面支持对话式交互，让会员店能更高效便捷地使用AI功能、为门店经 营管理提效。 智通财经APP获悉，6月10日，汇通达网络(09878)宣布股票回购计划。公告称，基于对公司未来前景的 坚定信心及长期投资价值的充分认可，汇通达网络董事会拟行使股东大会授予的回购H股授权，根据市 场情况于公开市场不定期回购H股，回购总金额最高达人民币5亿 ...

Core Insights - The company is enhancing its retail operations through the introduction of smart delivery lockers in its mobile digital member stores, improving delivery efficiency and customer satisfaction [1] - The implementation of AI tools, such as the "Qiancheng Cloud AI Intelligent Model," is streamlining inventory management and marketing strategies for member store owners, significantly increasing operational efficiency [3] - The company is deepening partnerships with leading brands like Apple and Oulin, resulting in increased customer traffic and sales during promotional events, with a notable 20% increase in store repurchase rates compared to the previous year [4] Group 1: AI Integration - The company launched the "Qiancheng Cloud AI Intelligent Model" in April, which has been actively utilized in various operational aspects, including intelligent product selection and marketing [3] - Member store owners are now using AI as a daily operational tool, allowing for streamlined ordering processes based on specific requirements [3] - The average service volume for member stores has exceeded 2000 interactions per day since the AI model's release [3] Group 2: Supply Chain and Partnerships - The company is enhancing its supply chain by collaborating with top brands, which has positively impacted customer engagement and sales performance [4] - The integration of online, offline, and community-based strategies has led to significant improvements in customer traffic and sales during major promotional events [4] - The company plans to deploy over 10,000 member stores across 15 key provinces, focusing on smart home products and promotional activities [4]