Huitongda Network Co Ltd
9878.HK
HKD10.33 -1.62%
Exchange: HKSE | Sector: Technology | Industry: Software Application
Q1 2025
Published: Mar 31, 2025

Earnings Highlights

  • Revenue of $12.17B down 25.9% year-over-year
  • EPS of $0.12 increased by 18.2% from previous year
  • Gross margin of 4.6%
  • Net income of 69.30M
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9878.HK
Company 9878.HK

Executive Summary

Huitongda Network reported QQ1 2025 revenue of 12.17 billion CNY, down 25.91% year-over-year and 10.52% quarter-over-quarter. Despite the topline decline, the company delivered a modest improvement in gross margin to 4.64% and achieved positive operating income of 178.06 million CNY with an EBITDA of 162.28 million CNY, signaling early operating leverage as the mix shifts toward higher-margin services. Net income stood at 69.30 million CNY (net margin 0.57%), with basic EPS of 0.13 CNY and diluted EPS of 0.12 CNY. The results reflect ongoing macro headwinds in the Chinese retail/software space and a cost structure weighted toward cost of revenue and SG&A, but also show some sequential margin stabilization and a path toward profitability through mix optimization and cost discipline.

Key Performance Indicators

Revenue
Decreasing
12.17B
QoQ: -10.52% | YoY: -25.91%
Gross Profit
Decreasing
564.94M
4.64% margin
QoQ: -3.15% | YoY: -1.08%
Operating Income
Increasing
178.06M
QoQ: 22.54% | YoY: 15.88%
Net Income
Increasing
69.30M
QoQ: -4.18% | YoY: 10.81%
EPS
Increasing
0.13
QoQ: 0.00% | YoY: 18.18%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 24,341.93 0.24 +79.0% View
Q1 2025 12,170.97 0.12 -25.9% View
Q4 2024 13,601.78 0.13 -30.4% View
Q3 2024 13,601.78 0.13 -30.4% View