---
title: "匯通達網絡股份有限公司 (09878.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/09878.HK.md"
symbol: "09878.HK"
name: "匯通達網絡股份有限公司"
industry: "工業設備分銷商"
---

# 匯通達網絡股份有限公司 (09878.HK)

| Item | Detail |
|------|--------|
| Industry | 工業設備分銷商 |
| Location | 港股市場 |
| Website | [www.htd.cn](https://www.htd.cn) |

## Company Profile

匯通達網絡有限公司前身為江蘇匯通達供應鏈管理有限公司,是一家總部位於中國的公司,主要從事供應鏈零售。該公司的主要業務是為下沈市場和鄉鎮市場的營銷商店提供各種商品、智能商務和軟件即服務(SaaS)等商戶服務。該公司運營HTD Mall的網站。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-16T04:30:11.000Z

**Overall: C (0.52)**

**Industry**: Trading Companies and Distributors

| Metric | Value |
|--------|-------|
| Industry Ranking | 12 / 60 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -28.21% |  |
| Net Profit YoY | -13.57% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 0.62 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 5.39B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 55.88B |  |


**Multi Score**: C

#### Profit Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 3.64% | C |
| Profit Margin | 0.55% | C |
| Gross Margin | 4.64% | E |

#### Growth Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -28.21% | E |
| Net Profit YoY | -13.57% | D |
| Total Assets YoY | 4.25% | C |
| Net Assets YoY | 6.33% | B |

#### Cash Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 18197.43% | A |
| OCF YoY | -28.21% | E |

#### Operating Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 1.68 | A |

#### Debt Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 68.32% | D |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 匯通達網絡股份有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "D",
      "indicators": [
        {
          "name": "ROE",
          "value": "3.64%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "0.55%",
          "rating": "C"
        },
        {
          "name": "Gross Margin",
          "value": "4.64%",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "D",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-28.21%",
          "rating": "E"
        },
        {
          "name": "Net Profit YoY",
          "value": "-13.57%",
          "rating": "D"
        },
        {
          "name": "Total Assets YoY",
          "value": "4.25%",
          "rating": "C"
        },
        {
          "name": "Net Assets YoY",
          "value": "6.33%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "C",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "18197.43%",
          "rating": "A"
        },
        {
          "name": "OCF YoY",
          "value": "-28.21%",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "A",
      "indicators": [
        {
          "name": "Turnover",
          "value": "1.68",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "D",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "68.32%",
          "rating": "D"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 中核國際 (HK.2302) | B | A | A | C | A | B |
| 02 | 卓爾智聯 (HK.2098) | D | A | A | E | A | B |
| 03 | 德利機械 (HK.2102) | C | B | B | A | B | B |
| 04 | 新源萬恆控股 (HK.2326) | D | B | A | B | C | B |
| 05 | 中國管業 (HK.380) | B | C | B | A | C | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 17.43 | 24/62 | 29.63 | 25.26 | 19.01 |
| PB | 0.62 | 23/62 | 1.07 | 0.94 | 0.68 |
| PS (TTM) | 0.10 | 10/62 | 0.15 | 0.12 | 0.10 |
| Dividend Yield | 0.00% | - | - | - | - |

## Institutional View

### Analyst Rating Distribution

> As of 2026-01-01T16:00:00.000Z

Total Analysts: **5**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 4 | 80% |
| Overweight | 1 | 20% |
| Hold | 0 | 0% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 9.65 |
| Highest Target | 37.70 |
| Lowest Target | 17.32 |

## References

- [Company Overview](https://longbridge.com/en/quote/09878.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/09878.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/09878.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.