New Risk • Jun 06
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 202% Dividend yield: 2.0% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (202% payout ratio). Profit margins are more than 30% lower than last year (3.7% net profit margin). New Risk • May 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.7% Last year net profit margin: 18% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (3.7% net profit margin). Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.27 (vs CN¥0.32 in FY 2024) Full year 2025 results: EPS: CN¥0.27 (down from CN¥0.32 in FY 2024). Revenue: CN¥1.05b (down 5.4% from FY 2024). Net income: CN¥105.9m (down 15% from FY 2024). Profit margin: 10.0% (down from 11% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annuncio • Apr 29
Linkage Software Co., LTD, Annual General Meeting, May 22, 2026 Linkage Software Co., LTD, Annual General Meeting, May 22, 2026, at 15:00 China Standard Time. Location: 5F, Building 5, Lane 388, Daduhe Road, Putuo District, Shanghai China Annuncio • Mar 30
Linkage Software Co., LTD to Report Q1, 2026 Results on Apr 29, 2026 Linkage Software Co., LTD announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: CN¥0.26 (vs CN¥0.32 in FY 2024) Full year 2025 results: EPS: CN¥0.26 (down from CN¥0.32 in FY 2024). Revenue: CN¥1.05b (down 5.4% from FY 2024). Net income: CN¥101.6m (down 18% from FY 2024). Profit margin: 9.6% (down from 11% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year. Annuncio • Dec 26
Linkage Software Co., LTD to Report Fiscal Year 2025 Results on Apr 02, 2026 Linkage Software Co., LTD announced that they will report fiscal year 2025 results on Apr 02, 2026 Board Change • Dec 13
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Shuifa Gui was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Shuifa Gui was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (9.1% net profit margin). Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.039 loss per share (vs CN¥0.23 profit in 3Q 2024) Third quarter 2025 results: CN¥0.039 loss per share (down from CN¥0.23 profit in 3Q 2024). Revenue: CN¥247.2m (down 11% from 3Q 2024). Net loss: CN¥15.2m (down 113% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.1% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.6% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (9.1% net profit margin). Annuncio • Sep 30
Linkage Software Co., LTD to Report Q3, 2025 Results on Oct 30, 2025 Linkage Software Co., LTD announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥21.29, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 106x in the Software industry in China. Total returns to shareholders of 117% over the past three years. Declared Dividend • Jul 06
Dividend of CN¥0.20 announced Dividend of CN¥0.20 is the same as last year. Ex-date: 9th July 2025 Payment date: 9th July 2025 Dividend yield will be 1.4%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not covered by cash flows (161% cash payout ratio). The dividend has not increased over the past 5 years but payments have been stable during that time. Earnings per share has grown by 3.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Jun 30
Linkage Software Co., LTD to Report First Half, 2025 Results on Aug 29, 2025 Linkage Software Co., LTD announced that they will report first half, 2025 results on Aug 29, 2025 Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥14.25, the stock trades at a trailing P/E ratio of 44.7x. Average trailing P/E is 92x in the Software industry in China. Total returns to shareholders of 55% over the past three years. Reported Earnings • Apr 19
Full year 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.22 in FY 2023) Full year 2024 results: EPS: CN¥0.32 (up from CN¥0.22 in FY 2023). Revenue: CN¥1.11b (up 60% from FY 2023). Net income: CN¥124.3m (up 44% from FY 2023). Profit margin: 11% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annuncio • Apr 18
Linkage Software Co., LTD, Annual General Meeting, May 19, 2025 Linkage Software Co., LTD, Annual General Meeting, May 19, 2025, at 15:00 China Standard Time. Location: 5F, Building 5, Lane 388, Daduhe Road, Putuo District, Shanghai China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥10.60, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 90x in the Software industry in China. Total loss to shareholders of 4.5% over the past three years. Annuncio • Mar 28
Linkage Software Co., LTD to Report Q1, 2025 Results on Apr 30, 2025 Linkage Software Co., LTD announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: CN¥0.33 (vs CN¥0.22 in FY 2023) Full year 2024 results: EPS: CN¥0.33 (up from CN¥0.22 in FY 2023). Revenue: CN¥1.11b (up 60% from FY 2023). Net income: CN¥126.9m (up 47% from FY 2023). Profit margin: 11% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥12.45, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 77x in the Software industry in China. Total loss to shareholders of 13% over the past three years. Annuncio • Dec 27
Linkage Software Co., LTD to Report Fiscal Year 2024 Results on Apr 18, 2025 Linkage Software Co., LTD announced that they will report fiscal year 2024 results on Apr 18, 2025 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥15.45, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 97x in the Software industry in China. Total returns to shareholders of 14% over the past three years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.011 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.23 (up from CN¥0.011 loss in 3Q 2023). Revenue: CN¥276.1m (up 77% from 3Q 2023). Net income: CN¥113.7m (up CN¥118.0m from 3Q 2023). Profit margin: 41% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 30
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 90% to CN¥12.83. The fair value is estimated to be CN¥9.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 19%. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (152% payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.4% net profit margin). Annuncio • Sep 30
Linkage Software Co., LTD to Report Q3, 2024 Results on Oct 30, 2024 Linkage Software Co., LTD announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥8.68, the stock trades at a trailing P/E ratio of 70.7x. Average trailing P/E is 63x in the Software industry in China. Total loss to shareholders of 40% over the past three years. New Risk • Sep 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (152% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.4% net profit margin). Annuncio • Sep 06
Linkage Software Co., LTD (SHSE:688588) announces an Equity Buyback for CNY 50 million worth of its shares. Linkage Software Co., LTD (SHSE:688588) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 9.6 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The program will be funded from company's own funds. The program will be valid for 12 months. Annuncio • Jun 28
Linkage Software Co., LTD to Report First Half, 2024 Results on Aug 30, 2024 Linkage Software Co., LTD announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • May 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.7% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (215% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.6% net profit margin). Annuncio • Apr 29
Linkage Software Co., LTD, Annual General Meeting, May 17, 2024 Linkage Software Co., LTD, Annual General Meeting, May 17, 2024, at 10:00 China Standard Time. Location: 5F, Building 5, Lane 388, Daduhe Road, Putuo District, Shanghai China Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.35 in FY 2022) Full year 2023 results: EPS: CN¥0.22 (down from CN¥0.35 in FY 2022). Revenue: CN¥696.4m (up 6.4% from FY 2022). Net income: CN¥86.5m (down 39% from FY 2022). Profit margin: 12% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year and the company’s share price has also fallen by 23% per year. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥7.98, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 65x in the Software industry in China. Total loss to shareholders of 66% over the past three years. Annuncio • Mar 29
Linkage Software Co., LTD to Report Q1, 2024 Results on Apr 30, 2024 Linkage Software Co., LTD announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥9.23, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 77x in the Software industry in China. Total loss to shareholders of 50% over the past three years. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.35 in FY 2022) Full year 2023 results: EPS: CN¥0.22 (down from CN¥0.35 in FY 2022). Revenue: CN¥696.4m (up 6.4% from FY 2022). Net income: CN¥86.1m (down 39% from FY 2022). Profit margin: 12% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year and the company’s share price has also fallen by 23% per year. New Risk • Feb 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥8.11, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 62x in the Software industry in China. Total loss to shareholders of 57% over the past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.011 loss per share (vs CN¥0.056 profit in 3Q 2022) Third quarter 2023 results: CN¥0.011 loss per share (down from CN¥0.056 profit in 3Q 2022). Revenue: CN¥156.0m (up 6.0% from 3Q 2022). Net loss: CN¥4.31m (down 120% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.022 (vs CN¥0.052 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.022 (down from CN¥0.052 in 2Q 2022). Revenue: CN¥168.2m (up 3.1% from 2Q 2022). Net income: CN¥8.99m (down 59% from 2Q 2022). Profit margin: 5.3% (down from 13% in 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Annuncio • Jun 28
Linkage Software Co., LTD to Report First Half, 2023 Results on Aug 30, 2023 Linkage Software Co., LTD announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 07
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: CN¥0.35 (down from CN¥0.36 in FY 2021). Revenue: CN¥654.5m (flat on FY 2021). Net income: CN¥141.3m (down 3.2% from FY 2021). Profit margin: 22% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥18.57, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 41x in the Software industry in China. Total returns to shareholders of 47% over the past year. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥16.15, the stock trades at a trailing P/E ratio of 52.8x. Average trailing P/E is 81x in the Software industry in China. Total returns to shareholders of 25% over the past year. Annuncio • Dec 23
Linkage Software Co., LTD (SHSE:688588) announces an Equity Buyback for CNY 200 million worth of its shares. Linkage Software Co., LTD (SHSE:688588) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be purchased at a price not exceeding CNY 16.3 per share. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds. The program will be valid for 12 months. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shuifa Gui was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.056 (vs CN¥0.075 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.056 (down from CN¥0.075 in 3Q 2021). Revenue: CN¥147.1m (up 1.4% from 3Q 2021). Net income: CN¥21.2m (down 26% from 3Q 2021). Profit margin: 14% (down from 20% in 3Q 2021). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.052 (vs CN¥0.092 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.052 (down from CN¥0.092 in 2Q 2021). Revenue: CN¥163.1m (flat on 2Q 2021). Net income: CN¥21.7m (down 43% from 2Q 2021). Profit margin: 13% (down from 24% in 2Q 2021). Over the next year, revenue is forecast to grow 30%, compared to a 33% growth forecast for the Software industry in China. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥11.86, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the Software industry in China. Total loss to shareholders of 31% over the past year. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.089 (up from CN¥0.088 in 1Q 2021). Revenue: CN¥160.1m (flat on 1Q 2021). Net income: CN¥35.6m (flat on 1Q 2021). Profit margin: 22% (in line with 1Q 2021). Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 40%. Over the next year, revenue is forecast to grow 26%, compared to a 33% growth forecast for the industry in China. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 08
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.36 (down from CN¥0.52 in FY 2020). Revenue: CN¥652.7m (up 3.6% from FY 2020). Net income: CN¥146.0m (down 27% from FY 2020). Profit margin: 22% (down from 32% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 40%. Reported Earnings • Feb 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.36 (down from CN¥0.52 in FY 2020). Revenue: CN¥652.7m (up 3.6% from FY 2020). Net income: CN¥146.0m (down 27% from FY 2020). Profit margin: 22% (down from 32% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 40%. Over the next year, revenue is forecast to grow 45%, compared to a 33% growth forecast for the industry in China. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.075 (vs CN¥0.16 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥145.2m (down 13% from 3Q 2020). Net income: CN¥28.6m (down 57% from 3Q 2020). Profit margin: 20% (down from 40% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.092 (vs CN¥0.097 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥163.0m (up 13% from 2Q 2020). Net income: CN¥38.2m (up 1.1% from 2Q 2020). Profit margin: 24% (down from 26% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥19.60, the stock trades at a trailing P/E ratio of 38.4x. Average forward P/E is 35x in the Software industry in China. Total loss to shareholders of 62% over the past year. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥15.41, the stock trades at a trailing P/E ratio of 30.2x. Average forward P/E is 27x in the Software industry in China. Total loss to shareholders of 62% over the past year. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS CN¥0.52 (vs CN¥0.42 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥630.1m (up 5.6% from FY 2019). Net income: CN¥200.7m (up 34% from FY 2019). Profit margin: 32% (up from 25% in FY 2019). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥24.61, the stock trades at a trailing P/E ratio of 57.5x. Average trailing P/E is 47x in the Software industry in China. Is New 90 Day High Low • Jan 27
New 90-day low: CN¥21.13 The company is down 30% from its price of CN¥30.37 on 29 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥21.80, the stock is trading at a trailing P/E ratio of 50.9x, down from the previous P/E ratio of 60.1x. This compares to an average P/E of 54x in the Software industry in China. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥22.17 The company is down 32% from its price of CN¥32.83 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 7.0% over the same period. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥22.91, the stock is trading at a trailing P/E ratio of 53.5x, down from the previous P/E ratio of 64.1x. This compares to an average P/E of 52x in the Software industry in China. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥26.91 The company is down 18% from its price of CN¥32.78 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day low: CN¥29.71 The company is down 24% from its price of CN¥39.17 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 11% over the same period. Annuncio • Jul 08
Linkage Software Co., LTD to Report First Half, 2020 Results on Aug 19, 2020 Linkage Software Co., LTD announced that they will report first half, 2020 results on Aug 19, 2020