Linklogis Inc. Class B (9959) AI Stock Analysis

• Market Cap: HK$6.86B
• Dividend Yield: N/A
• Average Volume (3M): 10.00M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.97
• 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: 7,266,674
• 30 Day Avg. Volume: 9,997,533
• 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: HK$3.49
• Price Target Upside: 20.76% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: HK$3.00 ▲(3.81% Upside)

Linklogis Inc. has a low overall stock score due to significant financial challenges, including declining revenues and operational losses. While the balance sheet is strong with low leverage, profitability remains a concern. Technical analysis provides mixed signals, with some longer-term strength but short-term weakness. The negative P/E ratio and lack of dividend yield further detract from the stock's attractiveness.

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: Positive
• Last Price: 2.89
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Positive. The current price of 2.89 is below the 20-day moving average (MA) of 3.20, below the 50-day MA of 3.11, and above the 200-day MA of 2.01, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 50.77 is Neutral, neither overbought nor oversold. The STOCH value of 59.26 is Neutral, 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
6608	67 Neutral	HK$7.50B	13.31	7.02%	―	16.43%	17.05%
0818	65 Neutral	HK$1.61B	11.28	1.98%	―	-17.23%	-6.20%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
2598	59 Neutral	HK$9.12B	4.79	94.40%	―	―	―
9923	54 Neutral	HK$4.26B	38.17	3.35%	―	-9.32%	477.27%
9959	49 Neutral	HK$6.86B	―	-12.22%	―	11.43%	-94.89%
2121	42 Neutral	HK$3.86B	-7.57	-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.

The most recent analyst rating on (HK:9959) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Linklogis Inc. Class B stock, see the HK:9959 Stock Forecast page.

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.

The most recent analyst rating on (HK:9959) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Linklogis Inc. Class B stock, see the HK:9959 Stock Forecast page.

Linklogis Inc. Enters Cloud Services Agreement with Tencent Cloud

Linklogis Inc., a company incorporated in the Cayman Islands, has announced a new Cloud Services Agreement with Tencent Cloud, a substantial shareholder associate. This agreement involves Tencent Cloud providing cloud and related technical services to Linklogis, with service fees based on a predetermined pricing mechanism. The transactions under this agreement are classified as continuing connected transactions under Hong Kong’s Listing Rules, requiring reporting and annual review but exempt from independent shareholder approval.

The most recent analyst rating on (HK:9959) stock is a Hold 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.

Linklogis Inc. Announces US$80 Million Share Repurchase Plan

Linklogis Inc. has announced its intention to conduct an on-market share repurchase of its Class B ordinary shares, utilizing at least US$80 million within the next 12 months. This decision reflects the board’s confidence in the company’s intrinsic value and growth prospects, aiming to enhance shareholder value by leveraging its existing cash reserves and free cash flow.

The most recent analyst rating on (HK:9959) stock is a Hold 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.

Linklogis Inc. Reports Interim Results with Revenue Decline but Customer Growth

Linklogis Inc. reported its unaudited interim results for the first half of 2025, showing a decline in revenue and gross profit compared to the same period in 2024. The company experienced a 9.3% decrease in revenue and a 28.3% drop in gross profit, while the loss attributable to equity shareholders increased by 57.7%. Despite these financial challenges, Linklogis saw growth in its customer base, with a 19% increase in anchor enterprise partners and a 25.4% rise in anchor enterprise customers, reflecting strong customer retention and expansion efforts.

The most recent analyst rating on (HK:9959) stock is a Hold 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.

Linklogis Inc. Issues Profit Warning Amid Strategic Shifts

Linklogis Inc. has issued a profit warning, expecting a significant increase in net loss for the first half of 2025 compared to the same period in 2024. This anticipated loss is attributed to a decline in revenue and gross profit margin due to pressures in the supply chain asset securitization segment and strategic exits from non-core businesses, as well as increased impairment losses on financial assets. Despite these challenges, the company maintains strong liquidity with increased cash reserves and plans to focus on operational improvements and strategic growth initiatives.

The most recent analyst rating on (HK:9959) stock is a Hold with a HK$2.80 price target. To see the full list of analyst forecasts on Linklogis Inc. Class B stock, see the HK:9959 Stock Forecast page.

Linklogis Inc. Schedules Board Meeting and Earnings Call for Interim Results

Linklogis Inc. has announced that its board of directors will meet on August 26, 2025, to consider and approve the interim results for the first half of the year ending June 30, 2025. The company will also host an earnings conference call on the same day, providing stakeholders with insights into its financial performance and strategic direction.

The most recent analyst rating on (HK:9959) stock is a Hold with a HK$2.80 price target. To see the full list of analyst forecasts on Linklogis Inc. Class B stock, see the HK:9959 Stock Forecast page.