LINKLOGIS-W (09959) announced its interim results for the six months ended June 30, 2025, reporting core business revenue and income of RMB 375 million, gross profit of RMB 210 million, and a net loss attributable to equity shareholders of RMB 380 million for the period.
During the first half of 2025, the Group maintained its strategic focus on core business operations, accelerating business model transformation and upgrades amid global macroeconomic volatility and ongoing industry adjustments, while continuously improving operational efficiency and cash flow to achieve quality and sustainable development.
During the reporting period, the Group's technology solutions processed a total supply chain asset volume of RMB 203.6 billion. The Multi-tier Transfer Cloud continued to demonstrate robust growth, with supply chain assets processed increasing 54.4% year-over-year to RMB 133.2 billion.
Due to accelerated adjustments in product and customer structure and organizational optimization initiatives, while business structure improved and operating expenses decreased, revenue and income experienced temporary pressure. Revenue and income for the first half of 2025 reached RMB 375 million, declining 9.3% year-over-year.
Additionally, affected by the complex economic environment, the Group made more prudent impairment provisions for historical bridge supply chain assets. The adjusted net loss for the first half of 2025 was RMB 372 million.
As of June 30, 2025, the Group's cash and cash equivalents plus restricted cash totaled RMB 53.78 billion, representing an increase of RMB 306 million compared to the balance as of December 31, 2024.
During the first half of 2025, the Group continued to deepen its focused cultivation strategy for key industry clients, leveraging a customer value flywheel to drive an ecosystem-based cross-selling system and achieve quality customer growth. During the reporting period, the supply chain fintech solutions added 244 new core enterprise and financial institution clients, bringing the total client base to 1,352, representing 22% growth compared to 2024.
The Group capitalized on opportunities in central and state-owned enterprise treasury system construction, accelerating the conversion and implementation of core enterprise self-built platform projects, while focusing deeply on value mining among key industry clients in "major infrastructure + new energy + high-end manufacturing" sectors, driving double-digit steady growth in both core enterprise client numbers and processed asset scale.
With optimized customer structure and improved satisfaction levels, the Group's overall customer retention rate increased from 96% in 2024 to 99%.