Linklogis Reports Record-Breaking Q3 Results with Transaction Volume Exceeding RMB100 Billion

Linklogis Inc. (09959.HK) has announced impressive third-quarter results for 2024, marking a significant milestone in the company's growth trajectory. The total transaction volume processed by Linklogis' technology solutions reached RMB105 billion, an 18% year-over-year increase, surpassing the RMB100 billion mark for the first time in a single quarter.

The company's core business, Multi-tier Transfer Cloud, demonstrated robust growth with a 29% year-over-year increase, processing supply chain assets totaling RMB47.7 billion. Notably, the ABS Cloud segment achieved an extraordinary 325% growth, processing RMB22 billion in transaction volume, defying challenging market conditions.

Linklogis' strong performance in Q3 2024 reflects the growing demand for advanced supply chain finance solutions and the company's ability to adapt to market needs. The expansion of services from upstream payable assets to downstream receivable assets in the ABS Cloud segment indicates a strategic shift in addressing diverse asset allocation requirements in the current low-interest-rate environment.

The company's customer acquisition strategy has also yielded positive results, with 103 new customers and 184 new partners added in Q3, bringing the total to 959 customers and 2,270 partners. This expansion, coupled with a high customer retention rate of 96%, underscores Linklogis' strong market position and the value of its offerings to enterprises across various industries.

In a strategic move to enhance its treasury development capabilities, Linklogis announced the acquisition of a controlling stake in Shenzhen Bytter Technology Co., Ltd. This acquisition aims to integrate fund management and supply chain finance technology, potentially reshaping the landscape of financial management platforms for state-owned and large to medium-sized private enterprises.

The company's commitment to shareholder value is evident in its active share repurchase program, with 142 million shares repurchased for approximately HK$280 million by the end of Q3 2024. This approach, combined with the focus on high-growth core businesses and technological innovation, positions Linklogis for sustained growth and value creation in the supply chain finance technology sector.

As Linklogis continues to expand its influence in the industry, its performance signals potential shifts in how businesses approach supply chain finance and asset management. The company's success in navigating market challenges and capitalizing on emerging opportunities could set new benchmarks for the sector, influencing industry trends and fostering innovation in financial technology solutions.