Linklogis Inc. Class B (9959) AI Stock Analysis

• Market Cap: HK$4.98B
• Dividend Yield: N/A
• Average Volume (3M): 5.50M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.98
• Revenue Growth: 11.43%
• EPS Growth: -94.89%
• Country: HK
• Employees: 726
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): -0.21
• Shares Outstanding: 1,886,295,200
• 10 Day Avg. Volume: 2,976,202
• 30 Day Avg. Volume: 5,498,882
• PEG Ratio: -0.04
• Price to Book (P/B): 0.42
• Price to Sales (P/S): 3.18
• P/FCF Ratio: 5.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -1.08
• Revenue Forecast (FY): HK$8.27B

• Rating: 41 Neutral
• Price Target: HK$2.50 ▼(-13.49% Downside)

Linklogis Inc. is facing significant financial and technical challenges. The most impactful factor is the company's poor financial performance, characterized by declining revenues and substantial operational losses. Technical analysis further indicates bearish momentum, with the stock trading below key moving averages and technical indicators suggesting oversold conditions. Valuation metrics are also unfavorable, with a negative P/E ratio and no dividend yield. Overall, the stock requires strategic improvements to enhance its financial health and market appeal.

Positive Factors

Strong Balance Sheet

A strong balance sheet with minimal leverage indicates financial stability, providing the company with flexibility to invest in growth opportunities and weather economic downturns.

Cash Flow Improvement

Improvement in free cash flow generation suggests better cash management and operational efficiency, which can support future investments and debt servicing.

Technology Integration

The use of advanced technologies positions Linklogis as a leader in fintech, enhancing its competitive advantage and enabling it to offer innovative solutions that drive client engagement and revenue growth.

Negative Factors

Declining Revenue

Declining revenue growth indicates challenges in maintaining sales momentum, which can impact long-term profitability and market position if not addressed.

Operational Losses

Significant operational losses reflect inefficiencies and a need for strategic improvements to achieve sustainable profitability and shareholder value.

Negative Return on Equity

A negative return on equity highlights challenges in generating shareholder returns, which can deter investment and limit the company's ability to raise capital.

Linklogis Inc. Class B Business Overview & Revenue Model

Company Description

Linklogis Inc. Class B (9959) is a technology-driven supply chain finance company based in China, specializing in providing financial services and solutions that enhance supply chain efficiency. The company operates primarily in the fintech sector, offering a range of products including supply chain finance, receivables management, and data-driven financial solutions. Linklogis leverages advanced technologies such as big data and artificial intelligence to facilitate seamless transactions and improve the financial health of businesses within the supply chain ecosystem.

How the Company Makes Money

Linklogis generates revenue through several key streams, primarily focusing on supply chain finance services, where it earns fees for facilitating transactions between suppliers and buyers. The company charges interest on the financing it provides, which is a significant portion of its income. Additionally, Linklogis monetizes its data analytics capabilities by offering insights and tailored financial solutions to its clients, enabling them to optimize their cash flow and operations. Strategic partnerships with major banks and financial institutions further bolster its revenue, as these collaborations often result in joint financing solutions and increased transaction volumes. The company's ability to provide value-added services through technology integration also contributes to its earnings, as clients are willing to pay for enhanced financial efficiency and risk management.

Linklogis Inc. Class B Financial Statement Overview

Summary

Linklogis Inc. faces significant financial challenges, with declining revenues and substantial operational losses impacting profitability. The balance sheet remains strong with low leverage, but negative returns on equity highlight profitability issues. Cash flow shows some positive trends, yet overall financial health requires strategic focus on improving revenue growth and operational efficiency to enhance shareholder value.

Income Statement

Linklogis Inc. has experienced declining revenue with a negative growth rate of -1.91% TTM, indicating challenges in maintaining sales momentum. The company also shows negative profitability metrics, with a net profit margin of -81.01% and EBIT margin of -46.74% TTM, reflecting significant operational losses. Despite a historically high gross profit margin, the overall income statement suggests financial instability and a need for strategic improvements.

Balance Sheet

The balance sheet of Linklogis Inc. shows a strong equity position with a low debt-to-equity ratio of 0.0148 TTM, indicating minimal leverage and financial risk. However, the return on equity is negative at -12.79% TTM, highlighting inefficiencies in generating returns for shareholders. The equity ratio is healthy, suggesting a stable asset base, but the negative ROE points to challenges in profitability.

Cash Flow

Linklogis Inc. has shown positive free cash flow growth of 7.04% TTM, indicating some improvement in cash generation. However, the operating cash flow to net income ratio of 0.22 TTM suggests limited cash flow relative to net losses. The free cash flow to net income ratio of 0.60 TTM reflects some ability to generate cash despite negative earnings, but overall cash flow performance remains mixed.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	992.57M	1.03B	867.76M	924.20M	1.20B	1.03B
Gross Profit	634.25M	717.27M	526.51M	774.53M	927.25M	630.38M
EBITDA	-627.35M	-468.21M	-281.10M	153.29M	-12.70B	349.47M
Net Income	-974.31M	-835.38M	-441.24M	-13.46M	-12.99B	-717.06M
Balance Sheet
Total Assets	8.43B	8.59B	9.73B	11.92B	11.81B	6.14B
Cash, Cash Equivalents and Short-Term Investments	5.41B	5.55B	6.14B	8.87B	9.53B	2.39B
Total Debt	76.60M	115.86M	124.42M	59.45M	1.26B	2.76B
Total Liabilities	1.03B	760.31M	617.73M	1.97B	2.09B	9.46B
Stockholders Equity	7.40B	7.83B	9.12B	9.96B	9.71B	-3.33B
Cash Flow
Free Cash Flow	680.07M	590.63M	-458.52M	1.69B	-888.43M	-2.18B
Operating Cash Flow	773.29M	711.32M	-324.18M	1.86B	-731.24M	-2.10B
Investing Cash Flow	-40.92M	-12.36M	-155.18M	-274.58M	-312.66M	-111.29M
Financing Cash Flow	-484.24M	-486.20M	-535.87M	-774.28M	5.34B	2.40B

Linklogis Inc. Class B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.89
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9959, the sentiment is Negative. The current price of 2.89 is above the 20-day moving average (MA) of 2.35, above the 50-day MA of 2.73, and above the 200-day MA of 2.17, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 32.99 is Neutral, neither overbought nor oversold. The STOCH value of 64.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9959.

Linklogis Inc. Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6608	73 Outperform	HK$8.39B	14.61	7.02%	―	16.43%	17.05%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
9923	58 Neutral	HK$3.73B	33.78	3.35%	―	-9.32%	477.27%
2598	58 Neutral	HK$7.27B	3.83	94.40%	―	―	―
0818	54 Neutral	HK$1.33B	9.24	1.98%	―	-17.23%	-6.20%
9959	41 Neutral	HK$4.98B	-4.44	-12.22%	―	11.43%	-94.89%
2121	40 Underperform	HK$3.08B	-5.88	-27.20%	―	-3.78%	20.83%

Linklogis Inc. Class B Corporate Events

Linklogis Inc. Advances in Web 3.0 Supply Chain Finance

Linklogis Inc. announced a significant milestone in the third quarter of 2025, with a successful bid for a Web 3.0-based supply chain finance platform project for a large central state-owned enterprise. This achievement highlights the company’s innovative capabilities in integrating stablecoin solutions into real-world supply chain scenarios, enhancing cross-border settlement and tokenized asset circulation. The company also continued its share repurchase plan, reflecting confidence in its growth prospects, and reported strong growth in its customer base and retention rates, emphasizing its strategic focus on AI, mergers and acquisitions, and digital assets.

Linklogis Inc. Rebrands International Segment as ‘Unloq’

Linklogis Inc. has announced a strategic rebranding of its international business segment, which will now operate under the new brand identity ‘Unloq’ starting October 13, 2025. This rebranding is part of the company’s global strategy to enhance market recognition and create new growth momentum by better communicating its mission to simplify global trade finance.