Huitongda Network Co Ltd (9878.HK)

Name: Huitongda Network Co Ltd Financial Statements
Creator: Quarter Results

Technology | Software Application

Latest reporting period: 2026-04-08

Latest Quarter

2026-04-08

Revenue

$24.3B

Net Income

$139M

Operating Margin

1.5%

Free Cash Flow

$247M

Debt / Assets

66.3%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Huitongda Network Co Ltd (9878.HK).
Income Statement (Quarterly)	2026-04-08	2025-12-31	2025-06-30	2025-03-31
Revenue	24,341,934,000	27,489,125,683	24,341,934,000	12,170,967,000
Cost of Revenue	23,212,061,000	26,307,517,611	23,212,061,000	11,606,030,500
Gross Profit	1,129,873,000	1,181,608,071	1,129,873,000	564,936,500
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	808,112,000	832,289,830	808,112,000	404,056,000
Operating Expenses	773,751,000	862,006,636	773,751,000	386,875,500
Operating Income	356,122,000	319,601,434	356,122,000	178,061,000
Interest Expense	0	68,796,749	65,474,000	0
Income Before Tax	285,327,000	318,973,094	285,327,000	142,663,500
Income Tax Expense	46,727,000	33,065,980	46,727,000	23,363,500
Net Income	138,606,000	158,990,464	138,606,000	69,303,000
Per Share
EPS	0.26	0.29	0.26	0.13
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Huitongda Network Co Ltd (9878.HK).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	50,943,941,819	60,059,328,000	82,432,520,000	80,354,775,000	65,763,174,000
Cost of Revenue	48,672,755,374	57,750,433,000	79,692,796,000	77,857,929,000	63,895,208,000
Gross Profit	2,271,186,445	2,308,895,000	2,739,724,000	2,496,846,000	1,867,966,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	1,611,702,110	1,439,742,000	1,754,619,000	1,721,299,000	1,343,202,000
Operating Expenses	1,669,948,575	1,710,970,000	1,945,711,000	1,789,444,000	1,365,906,000
Operating Income	601,237,868	597,925,000	794,013,000	663,120,000	638,689,000
Interest Expense	185,584,259	242,160,000	259,457,000	285,501,000	879,292,000
Income Before Tax	593,931,977	519,232,000	797,022,000	603,130,000	-76,115,000
Income Tax Expense	78,274,348	57,463,000	99,723,000	93,152,000	100,934,000
Net Income	292,522,058	269,738,000	448,275,000	287,245,000	-349,881,000
Per Share
EPS	0.53	0.49	0.80	0.57	-0.62
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Huitongda Network Co Ltd (9878.HK).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	2,781,257,000	3,748,938,000	4,082,240,000	2,966,920,000
Short Term Investments	770,000,000	3,283,010,000	4,175,201,000	2,705,757,000
Net Receivables	3,762,296,000	0	3,127,285,000	0
Inventory	2,032,725,000	2,581,063,000	2,553,074,000	2,718,623,000
Total Current Assets	25,792,988,000	27,449,473,000	27,393,062,000	23,352,818,000
Property Plant Equipment	158,940,000	160,018,000	183,952,000	153,806,000
Goodwill and Intangibles	0	0	0	0
Total Assets	28,491,140,000	29,110,070,000	29,388,741,000	25,598,011,000
Liabilities
Account Payables	14,636,785,000	15,516,038,000	15,071,382,000	14,418,802,000
Short Term Debt	1,163,737,000	420,532,000	758,716,000	186,907,000
Total Current Liabilities	18,631,008,000	19,316,777,000	19,703,648,000	27,231,058,000
Long Term Debt	232,632,000	281,264,000	57,923,000	67,399,000
Total Liabilities	18,880,640,000	19,615,041,000	19,778,571,000	27,315,457,000
Shareholders Equity
Retained Earnings	-379,201,000	-661,078,000	-1,201,085,000	0
Total Shareholders Equity	7,787,230,000	7,772,459,000	8,101,286,000	-3,075,458,000

Balance sheet annual history for Huitongda Network Co Ltd (9878.HK).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	2,781,257,000	3,748,938,000	4,082,240,000	2,966,920,000	4,315,977,000
Short Term Investments	770,000,000	3,283,010,000	4,175,201,000	2,705,757,000	1,233,930,000
Net Receivables	3,762,296,000	0	3,127,285,000	0	0
Inventory	2,032,725,000	2,581,063,000	2,553,074,000	2,718,623,000	2,250,583,000
Total Current Assets	25,792,988,000	27,449,473,000	27,393,062,000	23,352,818,000	20,275,370,000
Property Plant Equipment	158,940,000	160,018,000	183,952,000	153,806,000	173,012,000
Goodwill and Intangibles	0	0	0	0	0
Total Assets	28,491,140,000	29,110,070,000	29,388,741,000	25,598,011,000	21,695,331,000
Liabilities
Account Payables	14,636,785,000	15,516,038,000	15,071,382,000	14,418,802,000	11,419,335,000
Short Term Debt	1,163,737,000	420,532,000	758,716,000	186,907,000	309,797,000
Total Current Liabilities	18,631,008,000	19,316,777,000	19,703,648,000	27,231,058,000	23,643,195,000
Long Term Debt	232,632,000	281,264,000	57,923,000	67,399,000	79,627,000
Total Liabilities	18,880,640,000	19,615,041,000	19,778,571,000	27,315,457,000	23,739,822,000
Shareholders Equity
Retained Earnings	-379,201,000	-661,078,000	-1,201,085,000	0	0
Total Shareholders Equity	7,787,230,000	7,772,459,000	8,101,286,000	-3,075,458,000	-3,300,029,000

Cash flow quarterly history for Huitongda Network Co Ltd (9878.HK).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	519,232,000	797,022,000	603,130,000	-349,881,000
Depreciation & Amortization	67,034,000	73,785,000	69,210,000	80,359,000
Stock Based Compensation	0	27,791,000	3,755,000	0
Change in Working Capital	493,973,000	-453,533,000	-424,871,000	241,408,000
Operating Cash Flow	275,278,000	470,810,000	273,363,000	815,009,000
Investing Activities
Capital Expenditure	-27,875,000	-32,958,000	-54,945,000	-22,492,000
Investments	0	-32,958,000	-54,945,000	-22,492,000
Investing Cash Flow	-880,083,000	942,854,000	-1,039,569,000	-1,535,509,000
Financing Activities
Debt Repayment	685,532,000	-91,886,000	-2,984,229,000	-2,135,580,000
Common Stock Issued/Repurchased	-138,745,000	-92,903,000	1,831,294,000	0
Dividends Paid	0	0	0	0
Financing Cash Flow	-363,004,000	-1,746,977,000	1,821,077,000	-628,557,000
Summary
Free Cash Flow	247,403,000	437,852,000	218,418,000	792,517,000
Net Change in Cash	-967,681,000	-333,302,000	1,071,488,000	-1,349,057,000

Cash flow annual history for Huitongda Network Co Ltd (9878.HK).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	519,232,000	797,022,000	603,130,000	-349,881,000	-405,287,000
Depreciation & Amortization	67,034,000	73,785,000	69,210,000	80,359,000	79,951,000
Stock Based Compensation	0	27,791,000	3,755,000	0	0
Change in Working Capital	493,973,000	-453,533,000	-424,871,000	241,408,000	40,946,000
Operating Cash Flow	275,278,000	470,810,000	273,363,000	815,009,000	472,263,000
Investing Activities
Capital Expenditure	-27,875,000	-32,958,000	-54,945,000	-22,492,000	-27,572,000
Investments	0	-32,958,000	-54,945,000	-22,492,000	-27,572,000
Investing Cash Flow	-880,083,000	942,854,000	-1,039,569,000	-1,535,509,000	2,138,383,000
Financing Activities
Debt Repayment	685,532,000	-91,886,000	-2,984,229,000	-2,135,580,000	-1,200,343,000
Common Stock Issued/Repurchased	-138,745,000	-92,903,000	1,831,294,000	0	0
Dividends Paid	0	0	0	0	0
Financing Cash Flow	-363,004,000	-1,746,977,000	1,821,077,000	-628,557,000	537,622,000
Summary
Free Cash Flow	247,403,000	437,852,000	218,418,000	792,517,000	444,691,000
Net Change in Cash	-967,681,000	-333,302,000	1,071,488,000	-1,349,057,000	3,148,268,000