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Linklogis Inc. Class B
(9959)
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Rating:54Neutral
Price Target:
HK$2.50
▲(3.31% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily constrained by weak financial performance (ongoing losses, negative operating profitability, and weaker 2025 revenue/FCF versus 2024), partially offset by a low-debt balance sheet and recent positive cash generation. Technicals are supportive but appear overextended, while valuation lacks support due to negative earnings and no dividend.
Positive Factors
Low Leverage and Balance-Sheet Flexibility
Very low leverage and a sizable equity base reduce financing pressure and provide flexibility to sustain platform investment or absorb operating volatility while the company works toward improving profitability.
Negative Factors
Persistent Net and Operating Losses
Repeated net losses and negative EBIT show that the current cost base is not supported by revenue, limiting internally funded growth and leaving the long-term profitability profile dependent on substantial operating improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage and Balance-Sheet Flexibility
Very low leverage and a sizable equity base reduce financing pressure and provide flexibility to sustain platform investment or absorb operating volatility while the company works toward improving profitability.
Read all positive factors
Linklogis Inc. Class B (9959) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.73B
Dividend Yield3.49%
Average Volume (3M)4.81M
Price to Earnings (P/E)―
Beta (1Y)2.10
Revenue Growth23.61%
EPS Growth96.36%
CountryHK
Employees1,041
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.02
Shares Outstanding1,886,295,200
10 Day Avg. Volume6,086,663
30 Day Avg. Volume4,810,936
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)0.56
Price to Sales (P/S)3.99
P/FCF Ratio35.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.84Price Target Upside17.56% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.01
Revenue Forecast (FY)HK$1.18B
Linklogis Inc. Class B Business Overview & Revenue Model
Company Description
Linklogis Inc. is an investment holding company that specializes in providing advanced technological solutions for supply chain finance throughout Mainland China. Their product suite includes Anchor Cloud, a platform designed to enable major corpo...
How the Company Makes Money
Linklogis primarily makes money by providing technology-enabled supply chain finance services that help participants originate, manage, and fund financing tied to supply-chain transactions. Revenue is generally generated from service fees associat...
Linklogis Inc. Class B Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
66
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.19B | 982.75M | 1.03B | 867.76M | 924.20M | 1.20B |
| Gross Profit | 585.54M | 532.83M | 717.27M | 526.51M | 774.53M | 927.25M |
| EBITDA | 24.02M | -300.10M | -468.21M | -281.10M | 153.29M | -12.70B |
| Net Income | -42.03M | -438.89M | -835.38M | -441.24M | -13.46M | -12.99B |
Balance Sheet | ||||||
| Total Assets | 7.77B | 8.00B | 8.59B | 9.73B | 11.92B | 11.81B |
| Cash, Cash Equivalents and Short-Term Investments | 5.04B | 5.24B | 5.55B | 6.14B | 8.87B | 9.53B |
| Total Debt | 116.73M | 115.67M | 115.86M | 124.42M | 59.45M | 1.26B |
| Total Liabilities | 1.02B | 1.06B | 760.31M | 617.73M | 1.97B | 2.09B |
| Stockholders Equity | 6.74B | 6.96B | 7.83B | 9.12B | 9.96B | 9.71B |
Cash Flow | ||||||
| Free Cash Flow | 13.27M | 110.64M | 590.63M | -458.52M | 1.69B | -888.43M |
| Operating Cash Flow | 51.56M | 182.28M | 711.32M | -324.18M | 1.86B | -731.24M |
| Investing Cash Flow | -351.30M | -288.11M | -12.36M | -155.18M | -274.58M | -312.66M |
| Financing Cash Flow | -411.83M | -447.48M | -486.20M | -535.87M | -774.28M | 5.34B |
Linklogis Inc. Class B Technical Analysis
Neutral
2.42
Price Trends
2.08
Positive
2.07
Positive
2.12
Positive
Market Momentum
0.04
Positive
46.58
Neutral
16.82
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9959, the sentiment is Neutral. The current price of 2.42 is above the 20-day moving average (MA) of 2.29, above the 50-day MA of 2.08, and above the 200-day MA of 2.12, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 46.58 is Neutral, neither overbought nor oversold. The STOCH value of 16.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:9959.
Linklogis Inc. Class B Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$4.33B | 21.89 | 5.40% | 0.19% | 113.85% | -90.13% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$2.00B | 15.94 | 3.07% | 0.00% | -4.38% | -0.12% | |
54 Neutral | HK$4.73B | -86.97 | -0.61% | 3.49% | 23.61% | 96.36% | |
50 Neutral | HK$2.37B | -4.35 | -10.08% | ― | -28.80% | -252.24% | |
49 Neutral | HK$971.89M | -1.36 | -9.45% | ― | 6.86% | -589.88% | |
46 Neutral | HK$61.69M | -1.59 | 151.16% | ― | -56.52% | 6.67% |
* Technology Sector Average
HK:9959
Linklogis Inc. Class B
2.18
-0.88
-28.76%
HK:6608
Bairong, Inc. Class B
5.09
-5.78
-53.22%
HK:9923
Yeahka Limited
4.29
-6.62
-60.69%
HK:0818
Hi Sun Technology (China) Limited
0.34
-0.16
-32.00%
HK:8613
Oriental Payment Group Holdings Limited
0.03
-0.04
-52.24%
HK:2598
Lianlian DigiTech Co., Ltd. Class H
3.76
-6.51
-63.39%
Linklogis Inc. Class B Corporate Events
Linklogis Swings to Profit as AI-Powered Finance Solutions Drive Strong Revenue Growth
Aug 20, 2026
Linklogis Inc. reported a sharp recovery for the six months ended June 30, 2026, with revenue and income from principal activities rising 54.6% year-on-year to RMB579.1 million. The company’s Industry-Finance Treasury Solutions segment poste...
Linklogis Reshuffles Key Company Secretary and Compliance Roles
Aug 20, 2026
Linklogis Inc. announced the resignation of joint company secretary, authorized representative and process agent Ms. Zhang Xiao, effective August 20, 2026, citing work arrangement as the reason and noting no disagreement with the board or issues r...
Linklogis Sets Board Meeting and Earnings Call for 2026 Interim Results
Aug 10, 2026
Linklogis Inc. has scheduled a board meeting for August 20, 2026, to review and approve the interim results for the six months ended June 30, 2026. The company plans to publish these interim results following board approval, underscoring its adher...
Linklogis Signals AI-Driven Turn to Profit After Heavy Losses
Aug 7, 2026
Linklogis Inc. has issued a positive profit alert, indicating that it expects to swing to a consolidated net profit of between RMB5 million and RMB25 million for the six months ended June 30, 2026, from a substantial net loss of about RMB379.7 mil...
Linklogis Shareholders Back All AGM Resolutions, Approve Special Dividend
Jun 16, 2026
Linklogis Inc. reported that all resolutions put to shareholders at its annual general meeting on June 16, 2026 were approved by poll vote, with strong support from both Class A and Class B shareholders. The resolutions covered the adoption of the...
Linklogis Extends Share Buyback and Redirects Funds to 2026 Share Scheme
Jun 16, 2026
Linklogis Inc. has extended the implementation period of its on-market Class B share repurchase program to January 31, 2027, after having bought back 121,226,000 shares, or about 5.67% of its issued share capital, for roughly HK$370.1 million. The...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.