The "AI Empowerment" is highly recognized by China Securities Co., Ltd. and Northeast, both of which have given a buy rating to HUITONGDA NET (09878).

Recently, many institutions including CITIC Construction Securities and Northeast have released the latest research reports on HUITONGDA NET (09878) and given a "buy" rating. Among them, Northeast has covered it in depth for the first time and set a target price of 20.08 Hong Kong dollars, with nearly a 40% upside potential from the closing price of 14.55 Hong Kong dollars on the day of the report's release. Northeast believes that Huitongda has been deeply cultivating the lower-tier market for over a decade and has now transformed from a "platform service provider" to an "AI+SaaS platform service provider." The report suggests that the company, through business optimization and AI empowerment, with abundant cash on hand and acquisitions of high-quality assets to open up the path of industrial capital operation, may see a recovery in revenue and rapid improvement in profitability in the future. Furthermore, the report emphasizes that Huitongda is actively promoting the full circulation of its H shares, with the total number of H shares expected to reach 530 million shares after completion, significantly increasing the market capitalization. It is widely believed in the market that the increase in market capitalization is expected to create conditions for the company to be re-included in the Hong Kong Stock Connect. Meanwhile, China Securities Co., Ltd. focuses on Huitongda's outstanding performance in AI and the continuous improvement of its customer quality. "Huitongda's AI+SaaS products officially entered the commercialization stage in May 2025, with member stores integrating AI tools seeing an average efficiency improvement of over 30%, inventory turnover reduced by 15-20%, and the initial effectiveness of AI+ products empowering member stores." CITIC SEC believes that AI empowerment, along with supply chain upgrades and diversified channel expansion, has built a sustainable business ecosystem for Huitongda's future development. The research report suggests that with the continuous iteration of AI products, Huitongda's service business is expected to achieve high growth and become the company's main growth engine; additionally, the report expresses recognition for the strategic transformation direction, achievements, and profitability improvements brought about by Huitongda's supply chain trading business simultaneously.