Linklogis Inc. Class B (9959) AI Stock Analysis

• Market Cap: HK$4.82B
• Dividend Yield: N/A
• Average Volume (3M): 17.85M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.96
• Revenue Growth: 11.43%
• EPS Growth: -94.89%
• Country: HK
• Employees: 726
• Sector: Technology
• Sector Strength: 86
• Industry: Software - Infrastructure
• EPS (TTM): -0.21
• Shares Outstanding: 1,886,295,200
• 10 Day Avg. Volume: 10,925,391
• 30 Day Avg. Volume: 17,845,389
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: HK$2.80
• Price Target Upside: 1.45% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 55 Neutral
• Price Target: HK$3.00 ▲(8.70% Upside)

The overall stock score for Linklogis Inc. is primarily influenced by its strong technical momentum, which is offset by significant financial challenges and a poor valuation. The stock's overbought technical indicators suggest caution, while the negative financial performance and valuation metrics highlight underlying risks.

Linklogis Inc. Class B Business Overview & Revenue Model

Company Description

Linklogis Inc., an investment holding company, provides technology solutions for supply chain finance in Mainland China. The company offers Anchor Cloud, a solution that enables anchor enterprises to achieve digital transformation for supply chain management and optimize payment cycle for parties along the supply chain; and FI Cloud, a solution to help for financial institutions to digitalize, automate, and streamline their supply chain financing services. It also provides Cross-border Cloud solutions that offers digital cross-border supply chain financing services and cross-border trade digitalization services; and SME Credit Tech Solution, a suite of data-driven risk analytics solutions, which help financial institutions to provide financing for anchor enterprises' SME suppliers and distributors. The company was founded in 2016 and is headquartered in Shenzhen, the People's Republic of China.

How the Company Makes Money

Linklogis Inc. generates revenue through its comprehensive suite of supply chain finance solutions, which include both transaction-based and subscription-based services. The company earns fees from facilitating financial transactions between suppliers and buyers within the supply chain, utilizing its proprietary technology platform to optimize these processes. Additionally, Linklogis provides value-added services such as risk management and data analytics, which are typically offered on a subscription basis. The firm has established strategic partnerships with financial institutions to broaden its service offerings and enhance its platform capabilities, contributing significantly to its revenue streams.

Linklogis Inc. Class B Financial Statement Overview

Summary

Linklogis Inc. exhibits mixed financial signals with robust gross profit margins but faces significant operational challenges, reflected in persistent losses and negative cash flows, despite a stable balance sheet with a high equity ratio.

Income Statement

Linklogis Inc. has experienced inconsistent revenue growth, with a 18.8% increase in 2024 following a 6.1% decline in 2023. The gross profit margin is strong at 69.5% in 2024, but net income has been negative in recent years, with a significant drop to -835 million in 2024. The EBIT and EBITDA margins are also negative, indicating operational challenges.

Balance Sheet

The balance sheet reflects a strong equity position, with an equity ratio of 91.2% in 2024. Despite a low debt-to-equity ratio of 0.01, indicating low leverage, the company has struggled with profitability, reflected in a negative ROE. The high equity ratio suggests a stable financial base.

Cash Flow

Cash flow analysis shows a concerning trend with negative free cash flow in 2024 and operating cash flow dropping to zero. The company also had a negative free cash flow growth rate from 2023 to 2024, reflecting liquidity challenges.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.03B	867.76M	924.20M	1.20B	1.03B
Gross Profit	717.27M	526.51M	774.53M	927.25M	630.38M
EBITDA	-468.21M	-281.10M	153.29M	-12.70B	-491.36M
Net Income	-835.38M	-441.24M	-21.86M	-12.99B	-715.48M
Balance Sheet
Total Assets	8.59B	9.73B	11.92B	11.81B	6.14B
Cash, Cash Equivalents and Short-Term Investments	5.27B	6.14B	8.87B	9.53B	2.39B
Total Debt	115.86M	124.42M	59.45M	1.26B	2.76B
Total Liabilities	760.31M	617.73M	1.97B	2.09B	9.46B
Stockholders Equity	7.83B	9.12B	9.96B	9.71B	-3.33B
Cash Flow
Free Cash Flow	590.63M	-458.52M	1.69B	-888.43M	-2.18B
Operating Cash Flow	711.32M	-324.18M	1.86B	-731.24M	-2.10B
Investing Cash Flow	-12.36M	-155.18M	-274.58M	-312.66M	-111.29M
Financing Cash Flow	-486.20M	-535.87M	-774.28M	5.34B	2.40B

Linklogis Inc. Class B Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9959, the sentiment is Positive. The current price of 2.76 is above the 20-day moving average (MA) of 2.16, above the 50-day MA of 2.13, and above the 200-day MA of 1.67, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 69.33 is Neutral, neither overbought nor oversold. The STOCH value of 85.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
Sector *	61 Neutral	$36.05B	6.66	-10.61%	1.86%	8.68%	-8.81%
9959	55 Neutral	HK$4.82B	―	-12.22%	―	11.43%	-94.89%
6B5	―	€975.63M	15.87	5.87%	―	―	―
0818	59 Neutral	HK$1.44B	10.12	1.98%	―	-17.60%	-6.20%
9923	52 Neutral	HK$5.59B	49.11	3.35%	―	-9.32%	477.27%
2598	47 Neutral	HK$16.94B	―		―	―	―
2121	42 Neutral	HK$4.00B	―	-27.20%	―	-3.78%	20.83%

Linklogis Inc. Class B Corporate Events

Linklogis Inc. Reports Successful AGM with Key Resolutions Passed

Linklogis Inc., a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, announced the successful passing of all resolutions at its Annual General Meeting held on June 17, 2025. The resolutions included the approval of the company’s audited financial statements for the year ended December 31, 2024, the declaration of a final special dividend of HKD0.03 per share, and the re-election of Mr. Ji Kun and Ms. Chau Ka King as executive directors. The results reflect strong shareholder support, with nearly unanimous votes in favor of the resolutions, indicating confidence in the company’s leadership and strategic direction.