Zitong Financial APP learned that Guotai Junan released a research report that maintained the "overweight" rating of Huitong access Network (09878) and predicted an adjusted return net profit of 5.09 RMB 6.66 / 867 million yuan in 2023-25. The company's H1 revenue is 43.38 billion yuan / + 6.6%, and the adjusted return net profit is 245 million yuan / + 20%, in line with expectations. During the period of steady progress of various business operations, taking into account the company's deep ploughing supply chain construction and digital, and further optimize the business structure, the overall strength is expected to enhance, optimistic about the acceleration of performance.
According to the report, the capacity of Huitongda's supply chain has improved steadily, and member services continue to be strengthened.1)Deepen brand cooperation, such as building more than 500 Apple Inc selected stores and co-building stores, obtaining Lenovo online and offline license, headquarters supply chain accounts for 55%, to provide member stores with higher quality / stable / high-value commodity trading solutions2)Category and business chain expansion has achieved remarkable results, such as reaching a cooperation with DiDi Global Inc. / Cao Cao / FAW to promote new energy replacement vehicles to the countryside.3)The innovative supply chain gradually landed, and Kailui New Energy launched customized models based on the demand for commercial vehicles in the sinking market, and experimented with B2F model innovation.4)Continue to promote the upgrading of SaaS+ products; and provide member stores with goods and activities through joint promotion with brands / manufacturers. H1 holds 6 monthly national promotions, jointly carries out more than 30 regional promotions, and stores have more than 21000 personalized activities; the SaaS renewal rate is 68%, and customer satisfaction exceeds 95%.
The bank notes that the company continues to digitize and lay out "AI+ scenarios".1)Continuously upgrade the industrial trading platform and develop specialized online trading service platforms for different industries, such as the consumer electronics sector to build O2O integrated operation mode around Apple Inc project.2)Based on the sinking market big data and big language model technology / knowledge graph technology accumulated for many years, a large model with business characteristics is created, and three kinds of products such as intelligent shopping guide AI, marketing planner AI and thousand orange digital people are launched to provide purchasing and marketing strategy suggestions for member stores and reduce the burden of operation.
