Linklogis Narrows 2025 Losses Amid Partner Growth Despite Revenue and Margin Pressure

Linklogis Inc. Class B ( (HK:9959) ) has issued an announcement.

Linklogis Inc. reported a slight 4.7% year-on-year decline in 2025 revenue to RMB 982.7 million, with its core Supply Chain Finance Technology Solutions business down 4.2% and Emerging Solutions down 13.3%. Despite the revenue drop, the company significantly narrowed its loss attributable to shareholders by 47.5% to RMB 438.9 million, and improved its non-IFRS adjusted loss margin from 65.9% to 46.1%, though gross profit and gross margin fell notably.

Operationally, Linklogis continued to expand its ecosystem, with total anchor enterprise partners rising 45.9% to 3,145 and financial institution partners up 13.5% to 428, while customer retention improved to 99%. The company also grew the number of anchor enterprise and financial institution customers within its supply chain finance solutions, indicating stronger platform engagement and scale even as profitability remains a challenge, which may support its longer-term competitive positioning in digital supply chain finance.

The most recent analyst rating on (HK:9959) stock is a Sell with a HK$2.00 price target. To see the full list of analyst forecasts on Linklogis Inc. Class B stock, see the HK:9959 Stock Forecast page.

More about Linklogis Inc. Class B

Linklogis Inc. is a Cayman Islands–incorporated fintech company listed in Hong Kong that focuses on supply chain finance technology solutions. It provides digital platforms and emerging technology-based services connecting anchor enterprises, their suppliers, and financial institutions to facilitate financing and optimize supply chain liquidity in China and related markets.

Average Trading Volume: 3,522,372

Technical Sentiment Signal: Sell

Current Market Cap: HK$4.21B

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