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Huitongda Network Co., Ltd. Class H (9878) Price & Analysis
9878 Stock Chart & Stats
- Day’s Range
- HKD 6.73 - HKD 6.98
- 52-Week Range
- HKD 6.38 - HKD 13.88
- Previous Close
- HKD 7.10
- Volume
- 1.24M
- Average Volume (3M)
- 169.81K
- Market Cap
- HKD 3.79B
- Enterprise Value
- HKD 12.58B
- Total Cash (Recent Filing)
- HKD 12.04B
- Total Debt (Recent Filing)
- HKD 17.39B
- Price to Earnings (P/E)
- 10.0
- Beta
- 0.90
- Next Earnings
- Mar 31, 2027
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Strong Cash Generation
Strong 2025 operating cash flow of about 1.78B and free cash flow of about 1.76B provide internally generated funding for operations and investment. This supports liquidity and gives management greater capacity to manage the platform through demand volatility, although debt coverage remains limited.
High Free-cash-flow Quality
Free cash flow growth of about 301% and conversion near reported earnings indicate that recent profits were supported by cash rather than only accounting recognition. That quality can improve funding reliability and provide a stronger base for ongoing operations and selective investment.
Improving Operating Profitability
Positive earnings in the last two years, alongside an EBIT margin increase from about 0.9% to 1.2%, show that the company has maintained modest operating profitability despite pressure on sales. This provides an earnings base that could support gradual operational improvement.
Bears Say
Severe Revenue Contraction
The recent revenue contraction is a major threat to the scale of the retailer platform and its transaction-based model. Shrinking sales can weaken operating leverage, reduce supplier and customer network activity, and make it harder for the company to sustain or expand earnings over the next several quarters.
Very Thin Margins
A gross margin of about 4.5% and net margin of only 0.6% leave limited protection against cost increases, weaker demand, or changes in merchandise mix. Even modest operating pressure could therefore materially reduce profits, making earnings less resilient while revenue remains under strain.
Sharp Leverage Increase
The sharp rise in debt relative to equity materially reduces balance-sheet flexibility and increases dependence on continued cash generation or refinancing. Operating cash flow covered only about 8.9% of total debt in 2025, so deleveraging capacity remains limited despite strong absolute cash flow.
Huitongda Network Co., Ltd. Class H News
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Huitongda Network Co., Ltd. Class H Stock Smart Score
Company Description
Huitongda Network Co., Ltd. Class H
Huitongda Network Co., Ltd. operates a comprehensive e-commerce and support platform tailored for business clients within the retail sector. Its commerce division acquires a diverse range of goods, such as home appliances, electronics, agricultural supplies, automotive components, construction materials, and alcoholic beverages, directly from manufacturers. These products are then distributed to its network of wholesale partners and affiliated retailers via its proprietary HTD Mall online portal. The service segment delivers smart business and marketing Software-as-a-Service (SaaS) solutions, accessible through its "Super Boss" web platform and mobile application, which includes subscription services. Additionally, it provides various tailored merchant solutions and support for both retail outlets and wholesalers. Established in 2010, the company's main office is located in Nanjing, China.
- Sector
- Technology
- Industry
- Software - Application
- CEO
- Xiuxian Xu
- Employees
- 4,040
- Website
- www.htd.cn
- Address
- Huitongda Building, Nanjing, JS, 210008, CN
Huitongda Network Co., Ltd. Class H (9878) Earnings & Revenues
9878 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 3 | 4 | 15 |
| Technical Analysis | 3 | 4 | 3 |
| Moving Averages | 0 | 0 | 12 |






