Huitongda Network Reports Strong Profit Growth in 2024

Huitongda Network Co., Ltd. has reported strong financial results for the year ended December 31, 2024, with operating revenue of RMB60.06 billion and a net profit of RMB462 million, reflecting a strategic shift towards high-margin businesses and improvements in operational efficiency. The company emphasized its focus on digitalization and optimizing its business structure to enhance profitability and cash flow, achieving a 0.5 percentage point increase in gross profit margin year-on-year. This successful strategy positions Huitongda for a new growth cycle in 2025, as it aims to capitalize on opportunities in the digital economy and support family-owned retailers in rural China. The results underscore the importance of strategic upgrades in fostering long-term growth and sustainability within the company.