On August 26, 2025, LINKLOGIS-W Technology Group (09959) released its 2025 interim results. During the first half of the year, the company's cumulative supply chain asset service scale reached RMB 203.6 billion, with total revenue and gains of RMB 370 million. The company added 244 new core enterprise and financial institution clients for its supply chain fintech solutions, bringing the total client base to 1,352, representing a 22% increase from 2024. The company has cumulatively assisted over 380,000 small and medium-sized enterprises (SMEs) in accessing digital inclusive financial technology services.

In the first half, the company focused on core business operations, accelerated transformation and upgrades, optimized organizational structure, and reduced operating expenses. The company continued to enhance operational efficiency and improve cash flow, with cash reserves reaching RMB 5.4 billion, an increase of RMB 300 million from the end of 2024.

Additionally, LINKLOGIS-W fully launched its global trade finance digital asset strategy in the first half, introducing the "StableCoin+" innovative solution centered on Digital Trade Token (DTT) and Asset Backed Token (ABT). This forward-looking initiative positions the company in global supply chain finance applications and scenarios based on compliant stablecoins.

Based on the board and management team's confidence in the company's sustained and steady growth around core strategies of "AI + Industrial Finance" and digital assets, LINKLOGIS-W commits to conducting share buybacks of at least $80 million over the next 12 months.

Multi-level Transfer Cloud Becomes Growth Engine, Accelerating Business Model Transformation

In the first half of 2025, against the backdrop of global macroeconomic volatility and continued industry adjustments, LINKLOGIS-W accelerated its business model transformation, continuously improved operational efficiency, and enhanced cash flow, achieving quality and steady development.

LINKLOGIS-W's technology solutions processed a total supply chain asset volume of RMB 203.6 billion. The company's supply chain fintech solutions encompass Multi-level Transfer Cloud and AMS Cloud in core enterprise cloud business, as well as ABS Cloud and e-Chain Cloud in financial institution cloud business.

Among these, the Multi-level Transfer Cloud business, as the company's core segment, demonstrated strong performance, processing assets worth RMB 133.2 billion, a 54% year-on-year increase.

In the first half, within the financial institution cloud business, the company's innovative core enterprise accounts receivable financing products further deepened penetration in major infrastructure industry clients and actively expanded into emerging sectors such as new energy. The ABS Cloud business processed RMB 9.6 billion in supply chain assets, achieving significant growth compared to the previous year.

Simultaneously, the company fully focused on its financial institution digital transformation product strategy, proactively reducing low-margin businesses. The e-Chain Cloud business processed a total supply chain asset volume of RMB 26 billion.

LINKLOGIS-W continues to expand its broad and diverse business partnerships, systematically implementing innovative "core-detached" scenario solutions at scale. The company has deployed order financing and accounts receivable e-loans and other "weak credit linkage solutions" for multiple enterprises including Yunnan Provincial Construction Investment Holding Group, China Railway 25th Bureau Group, Jiannanchun, and Shandong Xingang Enterprise Group, continuously optimizing its product portfolio.

LINKLOGIS-W's supply chain fintech solutions added 244 new core enterprise and financial institution clients, bringing the total to 1,352 clients, a 22% increase from 2024. Overall client retention rate improved from 96% last year to 99%.

"AI + Industrial Finance" Dual-Engine Drive, Strategic Acquisitions Expand Product Matrix

As a leader and pioneer in the supply chain fintech industry, LINKLOGIS-W continues to deploy and breakthrough in cutting-edge technology fields such as artificial intelligence and blockchain, aiming to assist in supply chain full-link efficiency improvement and value system reconstruction through technological innovation, contributing to building a high-quality inclusive financial system.

In the artificial intelligence field, LINKLOGIS-W has established a full-stack AI technology matrix focused on supply chain finance. By integrating mainstream domestic large models such as DeepSeek and Tongyi Qianwen, and deeply combining proprietary supply chain finance scenario knowledge graphs with multi-dimensional data, the company accelerates the upgrade and iteration of its proprietary vertical large model LDP-GPT, efficiently integrating and outputting AI capabilities.

In the first half, the AI agent "FengLian AI" based on LDP-GPT large model technology completed polishing of multiple core capabilities, fully upgrading two core applications: intelligent trade document review and intelligent registration. It has been successfully deployed via SaaS or localized delivery at over 30 core enterprises and financial institutions including Standard Chartered Bank, helping financial institutions achieve high-quality digital operational upgrades.

In terms of scenario depth, LINKLOGIS-W expanded its product and service matrix through strategic acquisition of Byte Technology, optimizing operational efficiency and laying a solid foundation for long-term steady development. Byte creates comprehensive scenario-covering industrial finance treasury matrix solutions, assisting group enterprise clients in digital upgrades of industrial finance platforms. The treasury management solution adopts layered architecture design, with bottom-layer reliance on cutting-edge technologies such as cloud computing, big data, and artificial intelligence, providing a powerful technical foundation for enterprise treasury management.

The company expects to advance more strategic acquisition projects in the future to build diversified growth momentum.

Deepening International Supply Chain Finance Layout, Creating Sustainable Value Synergistically

In the first half, LINKLOGIS-W's international layout reached new heights. Cross-border Cloud and international business performed steadily, with cross-border cloud asset service scale and revenue achieving double-digit growth, continuously advancing the dual-engine strategy of "Go Early" and "Go Deep".

"Go Early" focuses on platform ecosystem construction, centering on four major scenarios: cross-border trade, cross-border e-commerce, overseas business travel, and cross-border logistics. By aggregating 12 high-quality global platform resources including Infor, Amazon, and Shopee, the company successfully assisted over 1,100 small and medium merchants in implementing one-stop digital financing services.

"Go Deep" cultivates scenario-based depth services, dedicated to creating intelligent supply chain financing systems covering the entire chain from cross-border procurement, production, logistics to sales for Chinese overseas enterprises, facilitating efficient global supply chain expansion and accelerating internationalization processes.

Meanwhile, LINKLOGIS-W established regional operation centers in the UK and US, building an end-to-end service network covering multilateral trade corridors across Greater China, Southeast Asia, and core European and American markets.

LINKLOGIS-W consistently upholds its ESG mission of "Technology-Enabled Sustainable Supply Chain Finance," deeply cultivating the integration and innovation of digital technology with industrial scenarios, committed to driving sustainable industrial upgrades and inclusive financial model innovation through technology, creating sustainable value for high-quality coordinated development of the real economy and digital finance.

In the first half of 2025, the company's sustainable supply chain asset scale (including renewable energy, rural revitalization, environmental protection, and public health) exceeded RMB 29 billion, a 97% year-on-year increase. LINKLOGIS-W has cumulatively assisted over 380,000 SMEs in accessing efficient, convenient, and low-cost digital inclusive financial services. In the first half of 2025, SMEs financing through LINKLOGIS-W's Swift Chain SaaS platform had an average financing cost of only 2.86%.

Furthermore, leveraging practices in green finance, LINKLOGIS-W's ESG performance continues to lead the industry: first obtaining Huazheng and SynTao Green Finance ESG ratings, consecutively receiving Wind's ESG "A" rating with scores consistently ranking in the top 10% of the software industry, and winning titles such as "2025 China's Most Outstanding UN Sustainable Development Goals (SDG) Contributing Enterprise" and "2025 ESG Model Enterprise Award."

Building Stablecoin Ecosystem, Implementing Global Trade Finance Digital Asset Strategy

In the first half of 2025, leveraging digital asset technology accumulation, LINKLOGIS-W accelerated innovative product scenario implementation and market penetration, fully launching its global trade finance digital asset strategy.

With deep blockchain technology deployment and practical experience, the company has built core capabilities covering enterprise-level digital asset secure custody, integrated cross-border payment and clearing, RWA asset tokenization financing, and compliant risk control with on-chain regulation digital asset infrastructure.

Since fully advancing globalization in 2019, LINKLOGIS-W has continuously empowered cross-border and global trade finance industry transformation through Web 3.0 technology. In 2020, the company jointly obtained a Singapore digital banking license with commercial partners and established Green Link Digital Bank, deepening cross-border financial digital service capabilities.

In 2023, under the leadership of the Hong Kong Monetary Authority (HKMA), LINKLOGIS-W collaborated with the Bank for International Settlements (BIS) and Standard Chartered Bank to create the Project Dynamo prototype platform, pioneering programmable Digital Trade Token (DTT). Through deep integration of smart contracts and standard token protocols, it achieved automated execution of conditional payments in trade finance, providing innovative templates for global cross-border trade payments and financing.

In August of the same year, the company partnered with Standard Chartered Bank to participate in Project Guardian led by the Monetary Authority of Singapore (MAS), leveraging asset tokenization technology to create the ABT platform. This converted real economy assets such as trade receivables into tradeable, divisible digital assets, completing the industry's first tokenized product issuance of trade assets on the Singapore Exchange, validating the technology's feasibility in trade finance.

With the improvement of stablecoin regulatory frameworks in Hong Kong and globally, LINKLOGIS-W will further combine existing overseas and cross-border business deployments to accelerate innovation and application of digital asset business.

In Singapore, the company will collaborate with licensed institutions to advance DTT's compliant issuance, implementing compliant stablecoin supply chain finance full-scenario solutions. In Hong Kong, the company will actively advance cooperation with stablecoin license applicants to create Stablecoin+ solutions based on compliant stablecoins. In other global regions, LINKLOGIS-W will actively explore innovative applications with global compliant stablecoin issuers in supply chain finance scenarios, expanding digital asset applications in real-world asset tokenization, cross-border digital payments, and inclusive finance, empowering digital and intelligent transformation upgrades of the global supply chain finance ecosystem.

Song Qun, Founder, Chairman and CEO of LINKLOGIS-W, stated: "Looking ahead, amid deep reconstruction of the global financial system, the integration of AI and compliant stablecoins not only reshapes the underlying logic of cross-border capital flows but also provides innovative solutions for financial system resilience building against the backdrop of intensifying global economic uncertainty. Facing historic transformation opportunities, LINKLOGIS-W, traveling light, will fully focus on three core strategies: 'AI + Industrial Finance,' strategic acquisitions, and digital assets, building multiple development engines to achieve quality sustainable growth. Based on tremendous confidence in future development prospects, the company commits to conducting share buybacks of at least $80 million over the next 12 months. LINKLOGIS-W will be dedicated to building a client win-win ecosystem and solidifying shareholder value foundations."