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Employees: 3,493
Size Huitongda Network (9878.HK) is a Hong Kong Industrials company (Wholesale Distributors) with a market value of $480M, the 760th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$6.70 on 6 Nov 2026.
Performance Over six months the shares fell 6.4%, against -3.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 3.3% over the last twelve months (peer median +4.1%); the operating margin is 1.4% (peer median 3.4%).
Valuation It trades at 9.2× forward earnings against a peer median of 12.9× (3rd cheapest of 10).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.8 points below its cost of capital (5.2% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$57.5B | HK$56.7B | HK$65.1B | HK$91.1B | HK$95.5B |
| Revenue growth | — | -13% | -29% | -5% | — |
| Gross profit | HK$2.62B | HK$2.47B | HK$2.43B | HK$2.95B | HK$2.93B |
| EBITDA | HK$878M | HK$730M | HK$608M | HK$762M | HK$678M |
| Net income | HK$352M | HK$326M | HK$292M | HK$495M | HK$387M |
| Free cash flow | n/a | HK$1.96B | -HK$569M | HK$747M | HK$154M |
| Capital expenditure | HK$0 | HK$24.1M | HK$30.2M | HK$36.4M | HK$63.9M |
| Total debt | n/a | HK$17.9B | HK$15.9B | HK$16.8B | HK$16.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9878.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.4% | -5.6% | 11th highest of 21 |
| 6-month return | -6.4% | -3.7% | 7th lowest of 20 |
| Distance from 52-week high | -51.7% | -17.7% | 2nd lowest of 21 |
| Revenue growth (TTM) | +3.3% | +4.1% | 10th lowest of 21 |
| Operating margin | 1.4% | 3.4% | 7th lowest of 21 |
| Forward P/E | 9.2× | 12.9× | 3rd cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | -5.1% | 1.2% | 4th least demanding of 17 |
| Growth delivered (Del g) | +0.3% | +8.5% | 3rd lowest of 17 |
| Hurdle (Req g minus delivered) | -5.5 pp | -6.3 pp | 9th least demanding of 17 |
| ROIC minus cost of capital | -1.8 pp | -1.7 pp | 10th lowest of 21 |
| Net debt / EBITDA | 7.0× | 2.4× | 3rd most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Huitongda Network 9878.HK | Hong Kong | $480M | -6% | +3% | 1% | 9.2× | -5.1% | +0.3% |
| Ananda Drive Techniques (Shanghai) 603350.SS | China | $481M | -21% | +6% | 4% | 22.4× | n/a | n/a |
| BlueLinx BXC | United States | $477M | +16% | +4% | 1% | 47.7× | 13.3% | -0.9% |
| Haypp HAYPP.ST | Sweden | $485M | +5% | +16% | 1% | 73.5× | 35.0% | +17.4% |
| Shinsho 8075.T | Japan | $485M | +24% | +4% | 2% | n/a | -3.3% | -5.0% |
| Siix 7613.T | Japan | $471M | +23% | 0% | 3% | 8.8× | -8.8% | +9.8% |
| Bourrelier ALBOU.PA | France | $468M | +36% | +3% | 3% | n/a | 11.5% | +1.1% |
| Symphony 1223.HK | Hong Kong | $467M | -12% | +9% | 1% | n/a | n/a | n/a |
| Jacquet Metals JCQ.PA | France | $493M | -4% | -2% | 3% | 12.9× | 1.4% | +6.2% |
| Wajax WJX.TO | Canada | $503M | +11% | -4% | 6% | 9.8× | -6.8% | +8.6% |
| National Petroleum 9937.TW | Taiwan | $508M | -4% | -3% | 4% | n/a | -0.2% | +4.2% |
| Xinjiang Hongtong Natural Gas 605169.SS | China | $514M | -4% | -5% | 6% | n/a | 6.6% | +31.5% |
| Zhejiang Jindao Technology 301279.SZ | China | $516M | -9% | +12% | 10% | n/a | n/a | n/a |
| Salix SALIX.ST | Sweden | $521M | n/a | +15% | 8% | n/a | 1.1% | +14.7% |
| Titan Machinery TITN | United States | $521M | +3% | -11% | 0% | n/a | -11.7% | +11.5% |
| Doright 300950.SZ | China | $522M | -24% | +9% | 7% | n/a | 37.0% | +17.4% |
| Brdr A & O Johansen A/S AOJ-B.CO | Denmark | $439M | +17% | +12% | 5% | 11.8× | 0.7% | +8.4% |
| China National Complete Plant Import & Export 000151.SZ | China | $524M | -16% | +16% | 1% | 45.2× | n/a | n/a |
| Groupe Samse SAMS.PA | France | $439M | -5% | -2% | 2% | 8.5× | 5.9% | +5.0% |
| Nichiden 9902.T | Japan | $532M | +22% | +9% | 5% | n/a | -3.8% | +6.5% |
| Shenzhen Huakong Seg 000068.SZ | China | $432M | -13% | -52% | -3% | n/a | 11.9% | +30.6% |