Core Viewpoint - 联易融科技-W (09959.HK) has issued a profit warning for the first half of 2025, anticipating a net loss attributable to equity shareholders of approximately RMB 370 million to RMB 390 million [1] Financial Performance - The company expects a comprehensive net loss of about RMB 3.7 billion to RMB 3.9 billion for the first half of 2025 [1] - Cash reserves have reached approximately RMB 5.4 billion, an increase of RMB 300 million compared to the end of 2024 [1] - The overall liquidity of the company remains stable [1]

Group 1 - The company issued a profit warning for the first half of 2025, expecting a net loss attributable to equity shareholders of approximately RMB 370 million to RMB 390 million [1] - The company's cash reserves reached approximately RMB 5.4 billion, an increase of RMB 300 million compared to the end of 2024, indicating a stable liquidity position [1] - The loss is primarily due to impairment losses recognized on historical bridge supply chain assets based on expected credit loss models [1] Group 2 - The company has made significant progress in addressing historical issues by strengthening its credit risk management system, advancing the recovery of legacy assets, and prudently recognizing impairment provisions [2] - These measures have effectively reduced the ongoing impact of historical factors on the current and future financial condition of the company [2]

Core Viewpoint - The company, Lianyi Rong Technology-W (09959), has issued a profit warning for the first half of 2025, projecting a net loss attributable to equity shareholders of approximately RMB 370 million to RMB 390 million, despite an increase in cash reserves to about RMB 5.4 billion [1][2]. Group 1 - The projected loss is primarily due to impairment losses recognized on historical bridge supply chain assets based on expected credit loss models [1]. - The company’s cash reserves increased by RMB 300 million compared to the end of 2024, indicating a stable liquidity position [1]. - The historical bridge assets, which are short-term receivables held until sold to final funding parties, have been affected by the debt crises of major real estate clients, leading to longer retention periods on the balance sheet [1]. Group 2 - The company has made significant progress in addressing historical issues through enhanced credit risk management, targeted recovery of legacy assets, and prudent impairment provisioning [2]. - These measures have effectively reduced the ongoing impact of historical factors on the current and future financial status of the company [2].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任 何部分內容所產生或因依賴該等內容而引致的任何損失承擔任何責任。 Linklogis Inc. 聯易融科技集團 （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：9959） 1 制現金）達到約人民幣54億元，較截至2024年12月31日的現金儲備增加約人民幣3 億元，流動性狀況持續穩健。 董事會認為，本集團通過加強對過橋供應鏈資產的信用風險管理，針對遺留風險 資產實施專項回收措施，並審慎計提金融資產減值損失，已經大幅度解決遺留過 橋供應鏈資產對財務表現的不利影響。本集團將專注於改善運營，圍繞「AI+產業 金融」、戰略併購及數字資產等核心戰略，在未來實現持續穩健的增長。 本公告所載資料僅基於本公司參考本集團截至2025年6月30日止六個月的未經審 核綜合管理賬目進行的初步評估而作出，並非基於經本公司獨立核數師或董事會 的審核委員會審核或審閱的財務數據或其他資料。由於收集有關資料過程中可能 存在各種不確定因素，上述數字因此可能與本公司按年度或半年度基準將予披露 ...

格隆汇8月13日丨联易融科技-W(09959.HK)公布，公司将于2025年8月26日召开董事会会议，以（其中 包括）审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任 何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：9959） 董事會召開日期 Linklogis Inc. 聯易融科技集團 香港，2025年8月13日 於本公告日期，董事會包括董事長兼執行董事宋群先生、執行董事冀坤先生及 周家瓊女士、非執行董事林海峰先生及張予焓先生以及獨立非執行董事高峰先生、 陳懷林先生及陳瑋先生。 聯易融科技集團（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於2025年8月 26日（星期二）舉行董事會會議，藉以（其中包括）考慮並批准本公司及其附屬公司 截至2025年6月30日止六個月中期業績及其發佈。 本公司的管理層將於北京╱香港時間2025年8月26日下午八時正（美國東部時間 2025年8月26日上午八時正）舉行業績電話會議。參會者請發送電郵至ir@linklogis.com 進行註冊。會議撥入號碼及密碼將於註冊時提供。 承董事會命 聯易融科技集團 董事長 宋群 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 聯易融科技集團（於開曼群島註冊成立以不同投票權控制的有限公司) 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | B | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09959 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,726,828,436 | USD | 0.00000833 | USD | | 47,723.57 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 5,726,828,436 | USD | | 0.00000833 USD | | 47 ...

Group 1 - The stocks of Lianyi Technology-W (09959) fell by 6.17% [1] - OSL Group (00863.HK) experienced a decline of 4.10% [1] - Guotai Junan International (01788.HK) dropped by 3.45% [1] - China Everbright Holdings (00165.HK) decreased by 3.10% [1]

Summary of the Conference Call for 联易融科技 Company Overview - 联易融科技 is a leading supply chain financial technology solution provider in China, with a service asset scale of RMB 411.2 billion in 2024, representing a year-on-year growth of 28% and a market share of 21.1%, ranking first in the industry [2][3][5]. Financial Performance - Revenue for 2024 reached RMB 1.03 billion, up 19% year-on-year, with a gross margin increase to 70%, reflecting a 36% growth in gross profit, which outpaced the growth rates of scale and revenue [2][3]. - The company has a cash reserve of RMB 5.1 billion and a price-to-book ratio of only 0.3, indicating a high safety margin and significant undervaluation relative to its market value of over RMB 30 billion [3]. Business Segments - The company operates through three main business segments: Core Enterprise Cloud, Financial Institution Cloud, and Cross-border Cloud [2][7]. - **Core Enterprise Cloud**: Achieved a steady growth of 34%, with multi-level circulation business accounting for over 60%, growing by 52% year-on-year [2][7]. - **Financial Institution Cloud**: Expanded from payable ABS to receivable ABS, doubling transaction volume, with the WindLink AI agent product contributing over RMB 20 million in revenue [2][8]. - **International Business**: Collaborated with cross-border e-commerce platforms like Amazon and Shopee, establishing offices in the UK, India, the US, and Singapore, and forming a joint venture with Standard Chartered Bank [2][9]. Technological Innovations - The company has been deeply involved in blockchain technology, developing the underlying chain Be Trust and launching digital trade token platforms (DTT) and asset-backed tokenization platforms (ABT) to enhance global supply chain trade efficiency [4][12][14]. - The DTT platform allows conditional payments through smart contracts, while the ABT platform tokenizes real-world assets for investment [15][17]. Market Position and Strategy - The company plays a crucial role in connecting core enterprises, financial institutions, and small and micro enterprises, with a customer retention rate of 99% [5]. - Future strategies include deepening cooperation with digital banks and exploring digital token projects in the Web 3.0 space, while expanding international markets [10]. Regulatory and Market Outlook - The company is preparing to support various stablecoins, which are expected to play a significant role in trade finance, enhancing payment conditions and integrating with accounts receivable financing [23][27]. - The development of stablecoins is anticipated to create new service opportunities and enhance the efficiency of cross-border trade [24][25]. Key Partnerships and Projects - Significant collaborations include projects with Standard Chartered Bank and participation in initiatives like Project Dynamo and Project Guardian, focusing on asset tokenization and trade finance [13][21]. Conclusion - Overall, 联易融科技 is positioned strongly in the supply chain finance sector, with robust financial performance, innovative technology applications, and strategic international expansions, while also preparing for the evolving landscape of digital currencies and stablecoins [2][10][27].

Group 1 - The concept stocks related to stablecoins in the Hong Kong market experienced an initial surge, with Lianyi Rong Technology rising over 10% [1] - Lianlian Digital increased by more than 5%, while China Everbright Holdings saw a rise of over 3% [1] - Zhong An Online gained more than 1% during the same period [1] Group 2 - Investors can buy Hong Kong stocks using A-share accounts without the need for Hong Kong Stock Connect, allowing for T+0 trading [1]