Linklogis reports wider loss, revenue decline in first half of 2025

Linklogis Inc. reported a net loss of RMB382,131,000 for the six months ended June 30, 2025, a significant increase from RMB241,522,000 in the same period of 2024. Total revenue and income from principal activities decreased by 9.3% to RMB374,506,000, down from RMB413,111,000 year-on-year. This decline was primarily attributed to pressures in the supply chain asset securitization business and strategic exits from non-core segments. Gross profit also saw a notable decrease of 28.3% to RMB209,864,000, with the gross margin contracting to 56.0% from 70.9%.

Despite the revenue decline, the total transaction volume of supply chain assets processed by Linklogis' technology solutions increased by 27.1% to RMB203,555,700,000. Multi-tier Transfer Cloud showed strong growth, with processed supply chain assets rising 54.4% to RMB133,231,200,000. The company's adjusted net loss for the period amounted to RMB372,041,000. As of June 30, 2025, total cash, cash equivalents, and restricted cash increased by RMB305,900,000 to RMB5,378,300,000 from December 31, 2024.

Linklogis continued to advance its digital asset strategy, launching the "StableCoin+" solution, and focused on core business segments while restructuring SME Credit Tech. The company aims for quality sustainable growth and profitability in the second half of 2025, driven by AI-powered industrial finance, strategic M&A, and digital assets.