Recently, Citi, First Shanghai, CMB International, SPD Bank International and other institutions have successively released latest research reports on HUITONGDA NET (09878). Based on the company's 2025 interim results and comprehensive AI cooperation with Alibaba Cloud, institutions generally recognize HUITONGDA NET's strategic transformation achievements and express confidence in the company's "AI + smart supply chain" growth drivers, assigning "Buy" ratings with some target prices reaching HK$23.

First Shanghai commented that HUITONGDA NET's profitability indicators have reached historical highs, demonstrating the effectiveness of the strategic transformation path since the second half of 2024 and continuous optimization of operational quality. The company's AI+SaaS business upgrade is significant, leveraging cooperation with Alibaba Cloud to gain strong technical capabilities and computing power support. They will jointly create "small store large model intelligent agents," integrate sinking market data assets, and drive service model upgrades towards "SaaS software + AI Agent + content operations." Additionally, supply chain capabilities including self-operated products, proprietary brands, and partnerships with leading brands continue to upgrade, injecting strong momentum for long-term growth.

CMB International interprets HUITONGDA NET as "a uniquely advantaged AI + e-commerce leader in the sinking market," analyzing that the company has established positioning advantages in the vast sinking market. The company's core business growth is steady, and profitability indicators such as gross margin have improved significantly, confirming the remarkable initial success of the transformation. Meanwhile, AI+SaaS has become the second growth engine, supporting HUITONGDA NET's long-term optimistic profit growth prospects.

This month, overseas brokers including Citi and SPD Bank International reiterated HUITONGDA NET's "Buy" rating in their latest research reports, with target prices reaching up to HK$23. Institutions believe that considering the company's business strategy adjustment has shown initial effectiveness, profit margin indicators have reached historical highs, and both AI and smart supply chain businesses have found new high-quality growth points, the company's revenue is expected to recover rapidly in the second half of the year with continued profit improvement. HUITONGDA NET's value revaluation journey after strategic adjustment has just begun.