Linklogis Releases Q3 Results: Transaction Volume Exceeds RMB100 Billion, Hitting a Record High

On
October
23,
2024,
Linklogis
Inc.
(09959.HK,
“Linklogis”)
released
its
business
update
for
the
third
quarter
of
2024. In the third quarter of 2024,
the
total
transaction
volume
processed
by
the
technology
solutions
of
Linklogis
reached RMB105
billion,
representing
an
18%
year-over-year
growth,
with
the
quarterly transaction
volume surpassing RMB100
billion
for
the
first
time,
 setting
a
new
historical
record.
The
company’s
core
growth
driver,
the
Multi-tier
Transfer
Cloud,
continued
to
excel,
processing
a
total
volume
of
supply
chain
assets
of
RMB47.7 billion,
a
year-over-year
increase
of
29%.
Additionally,
the
ABS
Cloud
regained
its
growth
momentum
by
launching
new
products,
achieving
an
impressive
325%
growth
despite
a
challenging
overall
market
environment.

Linklogis
is
dedicated
to
high-quality
development,
prioritizing
the
enhancement
of
efficiency
and
quality
in
its
core
business. Linklogis continues
to
diversify
its
customer
base
while
strategically
optimizing
its
business
structure
by
reducing
low-margin
product
lines.
In
the
third
quarter, Linklogis’ revenue
and
income
from
principal
activities
saw
year-on-year
growth,
accompanied
by
a
notable
improvement
in
gross
profit margin.

Focusing
on
Core
Business
Development,
ABS
Cloud
Achieves
325%
Growth
Against
Market
Trends 

In
the
third
quarter
of
2024,
the
total
transaction
volume
processed
by
the
technology
solutions
of
Linklogis
reached
RMB105
billion,
marking
an
18%
year-on-year
increase.
Within
this, Anchor
Cloud processed supply
chain
assets amounting
to RMB64.4
billion,
up
13%
year-over-year,
while FI
Cloud handled supply
chain
assets totaling RMB34.6
billion,
a
16%
increase. Driven
by
a
focused
investment
in
its
core business,
the
Multi-tier
Transfer
Cloud
within
the Anchor
Cloud experienced
robust
growth,
processing
supply
chain
assets
totaling RMB47.7
billion,
a
29%
rise
year-over-year.
Additionally,
the
ABS
Cloud within
the FI Cloud successfully
launched
new
products
to
meet
the
increasing
demand
for
diversified
asset
allocation
in
the
current
low-interest-rate
environment.
This
initiative
expanded
services
from
upstream
payable
assets
to
downstream
receivable
assets,
resulting
in
an
impressive transaction
volume of RMB22
billion
for ABS
Cloud in
the third quarter,
reflecting
a
remarkable
325%
year-over-year
growth
and
achieving
success
despite
market
challenges.

In
the
third
quarter
of
2024,
Linklogis
successfully
won
bids for the
development
of the
supply
chain
finance service
platform
for
Yangtze
River
Industry
Investment
Group
and
Genertec
Universal
Medical
Group.
Additionally,
Linklogis
has
partnered
with
several large enterprises
and
financial
institutions,
including
Shandong
Binzhou
Urban
Construction
Group,
Huayuan
Landport
Capital
Operation,
Hubei
Wanchuan
State-owned
Capital
Investment
and
Operation
Group,
Changsha
Broad
Homes
Industrial
Group,
Huaxia
Bank,
and China Bohai
Bank,
to
collaborate
in
the
supply
chain
finance technology
sector
and
launch
the
first
batch
of
multi-tier
transfer businesses.

Linklogis
accelerated
its
high-quality
customer
acquisition
in
the
third
quarter,
adding
103
new customers and
184
partners,
bringing
the
total
number
of customers to
959
and
total
partners
to
2,270.
This
includes
1,917 anchor enterprises
and
353
financial
institutions.
Notable
new anchor enterprise customers include
Wahaha
Group,
Jingye
Group,
Shanghai
Electric
Group,
Yunnan
Provincial
Investment
Holdings
Group,
and
Yangtze
River
Pharmaceutical
Group. Linklogis continues
to
expand
and
optimize
its
customer
base,
focusing
on
key
industries
such
as
infrastructure,
construction,
renewable
energy,
and
public
utilities,
achieving
a
remarkable
customer
retention
rate
of
96%. 

Acquisition
of
Bytter
to
Advance
Treasury
Development 

According
to
the
announcement
on
October
29,
2024,
Linklogis
has
officially
signed
an
equity
acquisition
agreement
with
the
current
controlling
shareholder
of
Shenzhen
Bytter
Technology
Co.,
Ltd.
(“Bytter”)
for
the
acquisition
of
29.38%
of
its
shares.
Upon
completion
of
the
acquisition, Linklogis’s
total
shareholding
will
increase
to
54.38%, making
it
the
controlling
shareholder
of
Bytter. The
two
companies
will
enhance
their
product
offerings
by
integrating
their
core
strengths
in
fund
management
and
supply
chain
finance technology.
Together,
they
aim
to
support
state-owned
enterprises as
well
as large and medium-sized
private
enterprises
in
building
a
world-class
financial
management
platform.
Linklogis
will
combine
external
mergers
and
acquisitions
with internal growth
to
embark
on
a
new
chapter
in
the
development
of
smart industry-finance
treasury
solutions.

Linklogis
is
dedicated
to
enhancing
shareholder
returns
through
active
share
repurchases.
As
of
the
end
of
the
third
quarter
of
2024,
the
company
has
repurchased
142
million
shares
for
approximately
HK$280
million.
Moving
forward,
Linklogis
will
continue
to
monitor
market
trends,
seize
growth
opportunities,
and
focus
on
sustainable
high-growth
core
businesses. Linklogis aims
to
maintain
rapid
customer
acquisition
while
steadily
advancing
in
technological
innovation
and
service
expansion,
striving
to
create
long-term
value
for
both
customers
and
investors.