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]

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 ...