Huitongda Network's Profit Up by 42% in 2023
Huitongda Network (HKG:9878) recorded a 42% rise in attributable profit for the year ended Dec. 31, 2023, to 448.3 million yuan from 316.4 million yuan in 2022, according to the company's annual repor
匯通達網絡:二零二三年年報
Huitongda Network (9878.HK) 2023 Report Review: Product Matrix Continues to Enrich and Customer Group Continues to Expand
Incident: Huitongda Network released its 2023 annual report. The company during the reporting period. The company achieved revenue of 82.43 billion yuan in 2023, yoy +0.4%; net profit to mother of 450 million yuan, yoy +41.7%, net profit
Huitongda Network (09878.HK): Proactively optimizing the business structure, profit margins have increased
Investment highlights: The company achieved operating income of 82.4 billion yuan in 2023 (RMB, same below), +0.4% year over year after the company re-listed the 2022 financial data; net profit to mother was 448 million yuan, +41 year on year
Huitongda (9878.HK): Business adjustment and optimization focus on profit side improvement
Revenue remained flat and profits improved. The company's revenue in 2023 was RMB 82.4 billion, up 0.4% year on year; gross margin improved 0.17pp to 3.32% year on year; adjusted net profit was 450 million yuan, up 10 percent year on year
HUITONGDA NETWORK(9878.HK):FOCUSING ON EARNINGS GROWTH
HTD delivered FY23 results with solid earnings growth (+42% YoY) despite soft to
Huitongda Network (9878.HK): Steady profit growth, outstanding member store business performance
Core view The company's FY23 revenue growth rate was under pressure in the short term, and profits increased slightly. FY23's revenue was 82.4 billion yuan (yoy +0.4%), of which trading business revenue was 81.17 billion yuan, (accounting for 99.1 billion yuan)
The industrial chain model was re-innovated, and Huitongda (09878.HK) became a leader in the sinking market, with obvious industry advantages
Recently, after Huitongda announced its 2023 results announcement, its stock price surged 4.61% the next day, reflecting the market's strong optimism about its fundamentals. As a leader in the industrial Internet industry, Huitongda recently achieved good results in a sinking market. Judging from net revenue and profit, the company has generally maintained relatively good performance growth in the past six years. Various core financial indicators such as operating income, net profit, and net profit to mother have maintained steady growth year by year in the macro environment, showing its strong market competitiveness and good development prospects. Data source: Choice based on the situation between the National Bureau of Statistics and the Head and Panther Research Institute
Huitongda Network (09878.HK): Significant increase in the number of users, net profit of 448 million/ +41.7% due to revenue restructuring
Operating performance: Net profit to mother increased significantly. The company's 2023 revenue was 82.4 billion yuan/ +0.4%, gross profit of 2,740 million yuan/ +5.9%, and net profit to mother of 448 million yuan/ +41.7%. Operational data: use
Huitongda Network (09878.HK) 2023 Annual Review: Optimizing the Category Structure for Steady Profit Growth
Matters: The company announced its 2023 results, achieving full year operating income of 82.43 billion yuan, an increase of 0.4% over the previous year (restated, same below); net profit to mother of 450 million yuan, an increase of 41.7% over the previous year. Comments:
Huitongda Network (9878.HK): Revenue under pressure and profit maintained steady growth during the business adjustment period
Event: On March 27, 2024, the company released its 2023 financial report and achieved revenue of 82.43 billion yuan (YoY +0.4%) and gross profit of 2.74 billion yuan (YoY +5.9%) in 2023, net
Huitongda Network's Net Profit Jumps 42% in 2023
Huitongda Network's (HKG:9878) net profit attributable to equity holders jumped 42% to 448.3 million yuan in 2023 from a restated 316.4 million yuan in 2022, according to a filing with the Hong Kong b
Huitongda Network (09878.HK): Actively seeking business structure optimization to maintain steady profit growth
2023 adjusted net profit increased 10% year on year. The company announced 2023 annual results: the company's revenue was 82.4 billion yuan, which was basically the same year on year, mainly due to the company actively optimizing low gross profit business and the impact of macroeconomic disturbances; adjusted to the mother
Huitongda Network (09878.HK): Profit slightly exceeded expectations, revenue remained flat, consumer electronics revenue increased 19%
Key investment results: Revenue growth rate of 0.5% in '23 was basically flat, leading with consumer electronics revenue growth of 19%. Agricultural assets are under pressure in 2023: revenue/net profit to mother/adjusted net profit were 824.3/4.5/7.0, respectively
Huitongda Network (09878.HK): Sinking consumption shows resilience, steady growth and quality improvement
Performance Brief Review On March 27, 2024, the company disclosed its 2023 results, achieving revenue of 82.43 billion yuan, an increase of 0.4% year on year; net profit to mother was 448 million yuan, up 41.7% year on year, and net profit to mother
Huitongda Network (9878.HK): Business health adjustments affect performance growth in 2024; downgraded to neutral
Revenue growth in 2023 was lower than expected due to business adjustments, and profit was 9% lower than expected. Annual revenue of 82.4 billion yuan (RMB, same below). Compared with our agreed expectations of 90 billion yuan and Bloomberg, it was basically the same as the previous year. Among them, the trading business remained flat
Huitongda Network (09878) achieved net profit of 448 million yuan in 2023, a year-on-year increase of 42%, and continuous positive operating cash flow
Huitongda Network (09878) announced its 2023 results, achieving total revenue of RMB 82.43 billion, a year-on-year increase...
HUITONGDA NET: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED DECEMBER 31, 2023
Huitongda Network (09878.HK) held a board meeting on March 27 to consider and approve the annual results
Glonghui March 15 | Huitongda Network (09878.HK) announced that the board meeting will be held on March 27, 2024 (Wednesday) to consider and approve (among other things) the annual results and announcements of the company and its subsidiaries for the year ended 31 December 2023, and consider recommending payment of a final dividend (if any).
HUITONGDA NET: DATE OF BOARD MEETING
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