Curated News
By: NewsRamp Editorial Staff
March 26, 2024
Linklogis Inc. Reports 15.2% Increase in Revenue for 2023, Announces New Shareholder Return Plan
TLDR
- Linklogis achieved a 15.2% year-over-year increase in revenue for the second half of 2023, serving over 1,800 anchor enterprises and financial institutions.
- Linklogis processed a total transaction volume of RMB322 billion in 2023, with a stable financial position and cash reserves of RMB4.8 billion.
- Linklogis empowered over 250,000 SMEs to access efficient and convenient digital inclusive financial services, contributing to the growth of small businesses in China.
- In 2023, Linklogis' Multi-tier Transfer Cloud achieved an impressive year-over-year growth of 82.2%, marking significant progress in the company's technology solutions.
Impact - Why it Matters
Linklogis' strong financial performance and market share dominance in supply chain finance technology solutions demonstrates its continued growth and contribution to the financial ecosystem in China. The company's focus on enhancing shareholder returns and embracing new technologies signifies its commitment to creating value for both customers and shareholders in the future.
Summary
Linklogis Inc. (09959.HK, “Linklogis”), a leading supply chain finance technology solution provider in China, released its 2023 annual results, reporting a 15.2% year-over-year increase in revenue and income for the second half of 2023. The company also announced a new shareholder return plan, including a special dividend and share repurchase plan. In 2023, Linklogis held 20.9% market share, ranking No.1 in the third-party supply chain finance technology solutions providers in China for the fourth consecutive year. The company's key supply chain finance technology solutions, Anchor Cloud and FI Cloud, processed significant volumes of supply chain assets, showing impressive year-over-year growth.
Source Statement
This curated news summary relied on content disributed by BlockchainWire. Read the original source here, Linklogis Inc. Reports 15.2% Increase in Revenue for 2023, Announces New Shareholder Return Plan
