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Linklogis Inc. Class B ( (HK:9959) ) has issued an announcement.
Linklogis Inc. has issued a profit warning, indicating an expected increase in consolidated net loss for the year ended December 31, 2024, ranging between RMB810 million and RMB840 million, compared to RMB441 million in 2023. This increase is primarily due to a significant rise in impairment loss on financial assets, although it did not materially impact cash flow. Despite the challenging environment, the company maintains a strong cash reserve and is optimistic about improving financial performance through strategic adjustments and enhanced credit risk management.
More about Linklogis Inc. Class B
Linklogis Inc. operates in the financial technology industry, focusing on providing supply chain finance solutions. The company is known for its innovative digital platforms that facilitate efficient financial transactions and risk management for businesses.
YTD Price Performance: 10.53%
Average Trading Volume: 36,294,124
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$4.27B
For a thorough assessment of 9959 stock, go to TipRanks’ Stock Analysis page.