Linklogis Announces a Share Repurchase Plan of US$100 Million with the Accumulated Transaction Volume Breaking RMB1 Trillion

On
March
26,
2024,
Linklogis
Inc.
(09959.HK,
“Linklogis”),
a
leading
supply
chain
finance
technology
solution
provider
in
China,
released
its
2023
annual
results.
In
2023,
the
total
revenue
and
income
from
principal
activities
amounted
to
RMB870
million,
of
which,
the
revenue
and
income
for
the
second
half
of
2023
reached
RMB480
million,
representing
a
15.2%
year-over-year
increase.
During
the
year,
the
total
transaction
volume
processed
by
its
technology
solutions
reached
RMB322
billion,
a
24.2%
year-on-year
increase,
serving
more
than
1,800
anchor
enterprises
and
financial
institutions.
By
the
end
of
the
year,
Linklogis
has
empowered
over
250,000
SMEs
to
access
efficient
and
convenient
digital
inclusive
financial
services.
The
company
maintains
a
stable
financial
position
with
cash
reserves
of
RMB4.8
billion.

Linklogis
announced
a
new
shareholder
return
plan,
intending
to
enhance
capital
returns
to
shareholders
through
cash
dividends
and
share
repurchases.
The
board
of
directors
of
Linklogis
proposes
to
pay
a
special
dividend
of
HK$0.1
per
share,
totaling
approximately
HK$230
million.
Furthermore,
the
board
expresses
confidence
in
the
company’s
prospects
and
sustained
growth
in
the
future,
and
announces
a
share
repurchase
plan
of
up
to
$100
million.

In
2023,
Linklogis
expedited
the
replacement
of
old
growth
drivers
with
new
ones,
continuously
enhancing
the
resilience
of
its
business
development.
By
the
end
of
2023,
the
accumulated
total
volume
of
supply
chain
assets
processed
by
Linklogis
since
its
establishment
had
exceeded
RMB1.13
trillion. According
to
China
Insights
Consultancy,
Linklogis
held
20.9%
market
share,
ranking
No.1
in
the
third-party
supply
chain
finance
technology
solutions
providers
in
China
for
the
fourth
consecutive
year.

Anchor
Cloud
and
FI
Cloud
are
the
key
supply
chain
finance
technology
solutions
of
Linklogis.
In
2023,
the
total
volume
of
supply
chain
assets
processed
by
Anchor
Cloud
reached
RMB201.3
billion,
a
year-over-year
increase
of
36.5%.
Regarding
the
Multi-tier
Transfer
Cloud
within
the
Anchor
Cloud,
it
achieved
explosive
growth
and
accelerated
the
replacement
of
old
growth
drivers
with
new
ones
for
the
company.
The
Multi-tier
Transfer
Cloud
processed
a
total
volume
of
supply
chain
assets
amounting
to
RMB136.8
billion,
marking
an
impressive
year-over-year
growth
of
82.2%.
Linklogis
actively
explored
opportunities
for
development
in
providing
scenario-based
financial
technology
services
and
modular
intelligent-tools
output
with
various
financial
institutions. In
2023,
the
total
volume
of
supply
chain
assets
processed
by
FI
Cloud
were
RMB
107.4
billion.

Charles
Song,
the
founder,
chairman
and
CEO
of
Linklogis,
said,
“Looking
ahead
to
2024,
Linklogis
will
focus
more
on
its
core
business
of
sustainable
high
growth,
expedite
the
replacement
of
old
growth
drivers
with
new
ones
and
steer
toward
a
new
stage
of
high-quality
development.
While
ensuring
swift
customer
acquisition,
we
will
also
cater
to
the
needs
of
our
existing
customers,
and
focus
on
increasing
customer
value.
We
will
embrace
the
opportunities
brought
by
the
wave
of
AIGC,
continuously
explore
new
technologies
and
applications,
and
continue
to
improve
operational
efficiencies
and
cost
reductions.
Linklogis
will
continue
to
enhance
shareholder
returns
through
cash
dividends
and
share
repurchases.
Linklogis
is
embarking
on
a
new
journey
with
confidence,
poised
to
create
even
greater
value
for
both
customers
and
shareholders
in
the
future.”