Linklogis Inc. (09959.HK, “Linklogis”), a leading supply chain finance technology solution provider in China, released its first-quarter results for 2024, showcasing a strong start to the year. The company’s operational and financial indicators have shown signs of comprehensive recovery and improvement, with the total transaction volume processed by its technology solutions reaching a historical high of RMB96.2 billion, a year-over-year increase of 45%. The number of customers continued to grow rapidly, with an addition of 47 new customers and 122 new partners, bringing the total number of partners to 1,928.
In terms of financial performance, Linklogis achieved significant year-over-year increases in its revenue and income from principal activities in the first quarter. The company’s cash reserves reached RMB5.2 billion as of April 22, 2024, an increase of RMB400 million compared to December 31, 2023. Linklogis also reaffirmed its commitment to implementing a share repurchase plan of up to $100 million, continuing to enhance shareholder returns.
Linklogis continued to focus on the development of its two core sectors: Anchor Cloud and FI Cloud, with the Multi-tier Transfer Cloud within the Anchor Cloud processing a total volume of supply chain assets amounting to RMB47.9 billion in the first quarter, a year-over-year increase of 94%. The company also made significant progress in its international and live-streaming e-commerce businesses, expanding its global presence and becoming the only domestic supply chain finance technology enterprise with a global footprint.
Linklogis’ strong performance and continuous achievements, such as participating in a national key research and development program, winning industry awards, and being selected as a KPMG China Fintech Double 50 Enterprise, demonstrate the company’s solid start to the year and its commitment to becoming a pioneer and promoter of the new round of productivity revolution.
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