HUITONGDA NET (09878) ranked 296th in the "Top 500 Chinese Enterprises" list.

From September 10th to 11th, the 2024 China Top 500 Enterprise Summit Forum, hosted by the China Enterprise Federation and China Entrepreneur Association, was held in Tianjin. During the forum, the 2024 China Top 500 Enterprise list and analysis report were released. HUITONGDA NET (09878) ranked 296th in the "2024 China Top 500 Enterprises", a 5-place improvement from the previous year; and also ranked 100th in the "2024 China Top 500 Service Enterprises", a 2-place improvement from the previous year. Quality improvement and efficiency enhancement, transformation and innovation As an industry Internet company focusing on the retail market, HUITONGDA NET empowers township family-owned stores with digital technology and supply chain capabilities. It now covers 21 provinces in China, with over 25,000 townships and serves more than 246,000 member retail stores. By the end of 2023, it achieved an annual revenue of over 82.4 billion yuan. The recently released 2024 mid-year performance report shows that HUITONGDA NET's operational quality has steadily improved. In terms of commodity supply chain capability building, HUITONGDA NET has focused on establishing partnerships with more leading brands, deepening the implementation of strategies such as "integrated production and sales" and "own brand", and continuously expanding cooperation with resource-based and regional retail companies to enhance the efficiency of the entire industry chain. In terms of strengthening member service capabilities, HUITONGDA NET adopts an integrated online and offline approach in digital store management and precise empowerment of members. It enhances digital and AI upgrades through SaaS+ products, continuously empowers member store customers through the frontline "iron army" teams in townships, and helps traditional township retail entities embrace the internet and community economy. Comprehensive upgrade, win-win future In the "consumption sinking" pattern where the income and consumption growth of township residents in the sinking market is better than that of urban markets, HUITONGDA NET adjusts its industrial structure, improves operating efficiency, and achieves multi-dimensional growth for the company itself and its partners by promoting comprehensive transformation and upgrading of its business. Xu Xiuxian, Secretary of the Huidongda Party Committee and President, stated that Huitongda has entered a new decade of development. Faced with the constantly changing market environment, all Huitongda employees will firmly uphold the spirit of "entrepreneurship, innovation, and creation", leverage the company's platform value and resource integration capabilities, and work with upstream industries to build an innovative supply chain system that facilitates product research, production, and sales; work with member stores to build a digital terminal retail network that meets the needs of rural consumers. "We will adhere to transformation and innovation as the DRIVING force, promote the high-quality development of urban-rural circulation, facilitate the smooth operation of the domestic economic circulation, and contribute to the comprehensive revitalization of rural areas."