Huixinda (09878) performance interpretation for 2025: "New Retail +AI" dual drive opens up new growth track for the future.

Recently, HUITONGDA NET (09878) released its 2025 performance announcement. The company has made breakthrough progress in the layout of the two future tracks of "new retail" and "AI", with AI revenue exceeding 1 billion yuan from zero, and the new retail hard discount format officially landing, demonstrating strong growth resilience and forward-looking strategic positioning capabilities. In the field of AI, Huitongda continues to deepen the intelligent upgrade of "AI+ industry". The independently developed "Qianchengyun AI intelligent large model" based on retail scenes has successfully passed the record filing of the National Internet Information Office, becoming a leading vertical domain large model in the industry. The company has reached a "full-stack AI comprehensive cooperation" with Aliyun, creating an empowerment system of "AI+ data intelligence + software and hardware integration" around the full-chain operation and management of retail stores. Currently, retail store and supply chain customers can conveniently use various intelligent bodies through multiple portals such as "Qiancheng AI Super Store Manager APP" and "Qiancheng AI Portal" (ai.qcos.cn), covering multiple scenarios such as commodity procurement, e-commerce live streaming, and community marketing. In 2025, the company's annual AI revenue exceeded 1 billion yuan, accounting for nearly 20% of service revenue, achieving a breakthrough from zero. In the new retail field, Huitongda has officially entered the fast-moving consumer goods hard discount chain track. The first batch of hard discount supermarkets opened in December 2025, marking the company's completion of a triple upgrade from "sinking markets to whole-market, from B to B + to C", and from "high-end products to full-category products", successfully opening up a new growth curve. In early 2026, the company further reached a strategic cooperation with the industry-renowned bulk snack brand "Snacks Preferred", jointly operating its over 2800 stores nationwide. In the future, Huitongda will continue to expand rapidly in scale through self-operation, joint ventures, mergers and acquisitions, and other forms, laying out hard discount chains, bulk snacks, community life supermarkets, convenience stores, and other diversified formats, and rapidly entering the industry's top tier. Looking ahead, Huitongda will focus on four major innovative projects for continuous development: first, accelerate the layout of retail chains and large FMCG industries, creating a "supply chain + AI" dual-empowerment system; second, focus on AI application scenarios, deepen the empowerment system of "AI+ data intelligence + software and hardware integration", accelerate the research and commercialization of intelligent bodies, Siasun Robot&Automation products and applications; third, create an intelligent technology service platform, help marketize cutting-edge technological achievements in embodied intelligence, brain-machine science, and other fields; fourth, create an innovative supply chain platform centered on fast-moving consumer goods, continuously optimize supply and demand efficiency, and become an innovative supply chain service platform catering to all channels and adapting to new consumption trends.