View ValuationLinkage Software 将来の成長Future 基準チェック /06現在、 Linkage Softwareの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Software 収益成長33.0%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesNew Risk • May 01New minor risk - Profit margin trendThe 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 29Full 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.お知らせ • Apr 29Linkage Software Co., LTD, Annual General Meeting, May 22, 2026Linkage 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お知らせ • Mar 30Linkage Software Co., LTD to Report Q1, 2026 Results on Apr 29, 2026Linkage Software Co., LTD announced that they will report Q1, 2026 results on Apr 29, 2026Reported Earnings • Mar 01Full 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.お知らせ • Dec 26Linkage Software Co., LTD to Report Fiscal Year 2025 Results on Apr 02, 2026Linkage Software Co., LTD announced that they will report fiscal year 2025 results on Apr 02, 2026Board Change • Dec 13Less than half of directors are independentFollowing 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 11Insufficient new directorsNo 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 07New minor risk - Share price stabilityThe 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 30Third 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 30New minor risk - Profit margin trendThe 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).お知らせ • Sep 30Linkage Software Co., LTD to Report Q3, 2025 Results on Oct 30, 2025Linkage Software Co., LTD announced that they will report Q3, 2025 results on Oct 30, 2025Valuation Update With 7 Day Price Move • Aug 28Investor 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 06Dividend of CN¥0.20 announcedDividend 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.お知らせ • Jun 30Linkage Software Co., LTD to Report First Half, 2025 Results on Aug 29, 2025Linkage Software Co., LTD announced that they will report first half, 2025 results on Aug 29, 2025Valuation Update With 7 Day Price Move • Apr 30Investor 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 19Full 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.お知らせ • Apr 18Linkage Software Co., LTD, Annual General Meeting, May 19, 2025Linkage 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 ChinaValuation Update With 7 Day Price Move • Apr 07Investor 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.お知らせ • Mar 28Linkage Software Co., LTD to Report Q1, 2025 Results on Apr 30, 2025Linkage Software Co., LTD announced that they will report Q1, 2025 results on Apr 30, 2025Reported Earnings • Mar 02Full 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 06Investor 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.分析記事 • Jan 02Returns On Capital Signal Tricky Times Ahead For Linkage Software (SHSE:688588)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...お知らせ • Dec 27Linkage Software Co., LTD to Report Fiscal Year 2024 Results on Apr 18, 2025Linkage Software Co., LTD announced that they will report fiscal year 2024 results on Apr 18, 2025分析記事 • Nov 19Subdued Growth No Barrier To Linkage Software Co., LTD (SHSE:688588) With Shares Advancing 25%Linkage Software Co., LTD ( SHSE:688588 ) shares have continued their recent momentum with a 25% gain in the last month...Valuation Update With 7 Day Price Move • Nov 06Investor 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.分析記事 • Nov 06We Think You Should Be Aware Of Some Concerning Factors In Linkage Software's (SHSE:688588) EarningsFollowing the solid earnings report from Linkage Software Co., LTD ( SHSE:688588 ), the market responded by bidding up...Reported Earnings • Oct 30Third 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 30Now 29% overvalued after recent price riseOver 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%.分析記事 • Oct 01What Linkage Software Co., LTD's (SHSE:688588) 58% Share Price Gain Is Not Telling YouThe Linkage Software Co., LTD ( SHSE:688588 ) share price has done very well over the last month, posting an excellent...New Risk • Sep 30New minor risk - Share price stabilityThe 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).お知らせ • Sep 30Linkage Software Co., LTD to Report Q3, 2024 Results on Oct 30, 2024Linkage Software Co., LTD announced that they will report Q3, 2024 results on Oct 30, 2024Valuation Update With 7 Day Price Move • Sep 27Investor 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.分析記事 • Sep 27Estimating The Intrinsic Value Of Linkage Software Co., LTD (SHSE:688588)Key Insights The projected fair value for Linkage Software is CN¥9.67 based on 2 Stage Free Cash Flow to Equity Current...New Risk • Sep 21New minor risk - Earnings qualityThe 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).お知らせ • Sep 06Linkage 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.分析記事 • Sep 03Returns On Capital Signal Tricky Times Ahead For Linkage Software (SHSE:688588)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...お知らせ • Jun 28Linkage Software Co., LTD to Report First Half, 2024 Results on Aug 30, 2024Linkage Software Co., LTD announced that they will report first half, 2024 results on Aug 30, 2024分析記事 • Jun 07Pinning Down Linkage Software Co., LTD's (SHSE:688588) P/E Is Difficult Right NowLinkage Software Co., LTD's ( SHSE:688588 ) price-to-earnings (or "P/E") ratio of 73.9x might make it look like a...New Risk • May 24New minor risk - Earnings qualityThe 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).分析記事 • May 06Some May Be Optimistic About Linkage Software's (SHSE:688588) EarningsInvestors were disappointed with the weak earnings posted by Linkage Software Co., LTD ( SHSE:688588 ). However, our...お知らせ • Apr 29Linkage Software Co., LTD, Annual General Meeting, May 17, 2024Linkage 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 ChinaReported Earnings • Apr 28Full 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.分析記事 • Apr 26The Returns On Capital At Linkage Software (SHSE:688588) Don't Inspire ConfidenceFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Valuation Update With 7 Day Price Move • Apr 16Investor 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.お知らせ • Mar 29Linkage Software Co., LTD to Report Q1, 2024 Results on Apr 30, 2024Linkage Software Co., LTD announced that they will report Q1, 2024 results on Apr 30, 2024Valuation Update With 7 Day Price Move • Mar 27Investor 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.分析記事 • Mar 04Linkage Software Co., LTD's (SHSE:688588) 31% Share Price Surge Not Quite Adding UpLinkage Software Co., LTD ( SHSE:688588 ) shareholders are no doubt pleased to see that the share price has bounced 31...Reported Earnings • Feb 28Full 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 08New minor risk - Share price stabilityThe 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 02Investor 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 01Third 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 30Second 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.お知らせ • Jun 28Linkage Software Co., LTD to Report First Half, 2023 Results on Aug 30, 2023Linkage Software Co., LTD announced that they will report first half, 2023 results on Aug 30, 2023Reported Earnings • Apr 07Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull 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 22Investor 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 08Investor 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.お知らせ • Dec 23Linkage 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 16Less than half of directors are independentNo 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 30Third 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 31Second 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 02Investor sentiment improved over the past weekAfter 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 02First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst 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 27Less than half of directors are independentNo 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 08Full year 2021 earnings: EPS and revenues miss analyst expectationsFull 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 28Full year 2021 earnings: EPS and revenues miss analyst expectationsFull 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 01Third 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 26Second 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 12Investor sentiment improved over the past weekAfter 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 11Investor sentiment deteriorated over the past weekAfter 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 20Full 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 02Investor sentiment improved over the past weekAfter 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 27New 90-day low: CN¥21.13The 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 13Investor sentiment deteriorated over the past weekAfter 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 11New 90-day low: CN¥22.17The 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 28Investor sentiment deteriorated over the past weekAfter 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 22New 90-day low: CN¥26.91The 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 28New 90-day low: CN¥29.71The 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.お知らせ • Jul 08Linkage Software Co., LTD to Report First Half, 2020 Results on Aug 19, 2020Linkage Software Co., LTD announced that they will report first half, 2020 results on Aug 19, 2020 このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Linkage Software は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測SHSE:688588 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20261,05038163174N/A12/31/20251,054106124136N/A9/30/20251,06997118130N/A6/30/20251,0982265148N/A3/31/20251,09820048189N/A12/31/20241,11412463201N/A9/30/20241,01316638175N/A6/30/202489348140144N/A3/31/202479737100106N/A12/31/202369687114121N/A9/30/2023675107139148N/A6/30/2023667133139149N/A3/31/2023662145126135N/A12/31/2022655141129139N/A9/30/2022655122117130N/A6/30/2022653130117133N/A3/31/2022653146121135N/A12/31/2021653146116127N/A9/30/2021652165128137N/A6/30/2021672203164170N/A3/31/2021653202164171N/A12/31/2020630201160169N/A9/30/2020601160141152N/A6/30/2020592136117125N/A3/31/2020597154113124N/A12/31/2019597150N/A137N/A9/30/2019570152N/A125N/A6/30/2019539134N/A133N/A3/31/2019501100N/A106N/A12/31/201846791N/A93N/A9/30/201844387N/A81N/A6/30/201842083N/A69N/A3/31/201840884N/A70N/A12/31/201738378N/A73N/A9/30/201735868N/A56N/A6/30/201733358N/A39N/A3/31/201731251N/A33N/A12/31/201631452N/A47N/A9/30/201630759N/A55N/A6/30/201629965N/A60N/A3/31/201628665N/A57N/A12/31/201527364N/A57N/A9/30/201526459N/A53N/A6/30/201525352N/A48N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 688588の予測収益成長が 貯蓄率 ( 2.4% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 688588の収益がCN市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 688588の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 688588の収益がCN市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 688588の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 688588の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YSoftware 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/06 15:45終値2026/05/06 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Linkage Software Co., LTD 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Li XiongGuosen Securities Co., Ltd.Jialin JiangIndustrial Securities Co. Ltd.Qian SunIndustrial Securities Co. Ltd.1 その他のアナリストを表示
New Risk • May 01New minor risk - Profit margin trendThe 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 29Full 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.
お知らせ • Apr 29Linkage Software Co., LTD, Annual General Meeting, May 22, 2026Linkage 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
お知らせ • Mar 30Linkage Software Co., LTD to Report Q1, 2026 Results on Apr 29, 2026Linkage Software Co., LTD announced that they will report Q1, 2026 results on Apr 29, 2026
Reported Earnings • Mar 01Full 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.
お知らせ • Dec 26Linkage Software Co., LTD to Report Fiscal Year 2025 Results on Apr 02, 2026Linkage Software Co., LTD announced that they will report fiscal year 2025 results on Apr 02, 2026
Board Change • Dec 13Less than half of directors are independentFollowing 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 11Insufficient new directorsNo 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 07New minor risk - Share price stabilityThe 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 30Third 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 30New minor risk - Profit margin trendThe 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).
お知らせ • Sep 30Linkage Software Co., LTD to Report Q3, 2025 Results on Oct 30, 2025Linkage Software Co., LTD announced that they will report Q3, 2025 results on Oct 30, 2025
Valuation Update With 7 Day Price Move • Aug 28Investor 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 06Dividend of CN¥0.20 announcedDividend 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.
お知らせ • Jun 30Linkage Software Co., LTD to Report First Half, 2025 Results on Aug 29, 2025Linkage Software Co., LTD announced that they will report first half, 2025 results on Aug 29, 2025
Valuation Update With 7 Day Price Move • Apr 30Investor 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 19Full 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.
お知らせ • Apr 18Linkage Software Co., LTD, Annual General Meeting, May 19, 2025Linkage 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 07Investor 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.
お知らせ • Mar 28Linkage Software Co., LTD to Report Q1, 2025 Results on Apr 30, 2025Linkage Software Co., LTD announced that they will report Q1, 2025 results on Apr 30, 2025
Reported Earnings • Mar 02Full 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 06Investor 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.
分析記事 • Jan 02Returns On Capital Signal Tricky Times Ahead For Linkage Software (SHSE:688588)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
お知らせ • Dec 27Linkage Software Co., LTD to Report Fiscal Year 2024 Results on Apr 18, 2025Linkage Software Co., LTD announced that they will report fiscal year 2024 results on Apr 18, 2025
分析記事 • Nov 19Subdued Growth No Barrier To Linkage Software Co., LTD (SHSE:688588) With Shares Advancing 25%Linkage Software Co., LTD ( SHSE:688588 ) shares have continued their recent momentum with a 25% gain in the last month...
Valuation Update With 7 Day Price Move • Nov 06Investor 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.
分析記事 • Nov 06We Think You Should Be Aware Of Some Concerning Factors In Linkage Software's (SHSE:688588) EarningsFollowing the solid earnings report from Linkage Software Co., LTD ( SHSE:688588 ), the market responded by bidding up...
Reported Earnings • Oct 30Third 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 30Now 29% overvalued after recent price riseOver 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%.
分析記事 • Oct 01What Linkage Software Co., LTD's (SHSE:688588) 58% Share Price Gain Is Not Telling YouThe Linkage Software Co., LTD ( SHSE:688588 ) share price has done very well over the last month, posting an excellent...
New Risk • Sep 30New minor risk - Share price stabilityThe 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).
お知らせ • Sep 30Linkage Software Co., LTD to Report Q3, 2024 Results on Oct 30, 2024Linkage Software Co., LTD announced that they will report Q3, 2024 results on Oct 30, 2024
Valuation Update With 7 Day Price Move • Sep 27Investor 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.
分析記事 • Sep 27Estimating The Intrinsic Value Of Linkage Software Co., LTD (SHSE:688588)Key Insights The projected fair value for Linkage Software is CN¥9.67 based on 2 Stage Free Cash Flow to Equity Current...
New Risk • Sep 21New minor risk - Earnings qualityThe 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).
お知らせ • Sep 06Linkage 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.
分析記事 • Sep 03Returns On Capital Signal Tricky Times Ahead For Linkage Software (SHSE:688588)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
お知らせ • Jun 28Linkage Software Co., LTD to Report First Half, 2024 Results on Aug 30, 2024Linkage Software Co., LTD announced that they will report first half, 2024 results on Aug 30, 2024
分析記事 • Jun 07Pinning Down Linkage Software Co., LTD's (SHSE:688588) P/E Is Difficult Right NowLinkage Software Co., LTD's ( SHSE:688588 ) price-to-earnings (or "P/E") ratio of 73.9x might make it look like a...
New Risk • May 24New minor risk - Earnings qualityThe 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).
分析記事 • May 06Some May Be Optimistic About Linkage Software's (SHSE:688588) EarningsInvestors were disappointed with the weak earnings posted by Linkage Software Co., LTD ( SHSE:688588 ). However, our...
お知らせ • Apr 29Linkage Software Co., LTD, Annual General Meeting, May 17, 2024Linkage 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 28Full 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.
分析記事 • Apr 26The Returns On Capital At Linkage Software (SHSE:688588) Don't Inspire ConfidenceFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Valuation Update With 7 Day Price Move • Apr 16Investor 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.
お知らせ • Mar 29Linkage Software Co., LTD to Report Q1, 2024 Results on Apr 30, 2024Linkage Software Co., LTD announced that they will report Q1, 2024 results on Apr 30, 2024
Valuation Update With 7 Day Price Move • Mar 27Investor 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.
分析記事 • Mar 04Linkage Software Co., LTD's (SHSE:688588) 31% Share Price Surge Not Quite Adding UpLinkage Software Co., LTD ( SHSE:688588 ) shareholders are no doubt pleased to see that the share price has bounced 31...
Reported Earnings • Feb 28Full 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 08New minor risk - Share price stabilityThe 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 02Investor 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 01Third 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 30Second 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.
お知らせ • Jun 28Linkage Software Co., LTD to Report First Half, 2023 Results on Aug 30, 2023Linkage Software Co., LTD announced that they will report first half, 2023 results on Aug 30, 2023
Reported Earnings • Apr 07Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull 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 22Investor 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 08Investor 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.
お知らせ • Dec 23Linkage 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 16Less than half of directors are independentNo 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 30Third 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 31Second 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 02Investor sentiment improved over the past weekAfter 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 02First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst 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 27Less than half of directors are independentNo 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 08Full year 2021 earnings: EPS and revenues miss analyst expectationsFull 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 28Full year 2021 earnings: EPS and revenues miss analyst expectationsFull 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 01Third 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 26Second 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 12Investor sentiment improved over the past weekAfter 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 11Investor sentiment deteriorated over the past weekAfter 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 20Full 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 02Investor sentiment improved over the past weekAfter 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 27New 90-day low: CN¥21.13The 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 13Investor sentiment deteriorated over the past weekAfter 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 11New 90-day low: CN¥22.17The 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 28Investor sentiment deteriorated over the past weekAfter 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 22New 90-day low: CN¥26.91The 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 28New 90-day low: CN¥29.71The 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.
お知らせ • Jul 08Linkage Software Co., LTD to Report First Half, 2020 Results on Aug 19, 2020Linkage Software Co., LTD announced that they will report first half, 2020 results on Aug 19, 2020