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    Technology services

  3. •

    Packaged software
Linkage Software Co. Ltd. Class A

Linkage Software Co. Ltd. Class A

SSSE:688588
8.60
CNY
-0.28
(-3.15%)
0.08EPS
112.60P/E
3.64BMarket Cap
Oct 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.74
2.11
0.81
0.84
1.08
1.3
1.66
1.63
1.63
1.64
1.75
2.86
2.72
2.61
Basic EPS, GAAP
0.88
0.41
0.19
0.14
0.22
0.25
0.42
0.52
0.37
0.35
0.22
0.32
0.27
0.08
Free Cash Flow per Basic Share
0.8
0.4
0.12
-0.03
0.11
0.09
0.34
0.41
0.29
0.32
0.29
0.16
0.32
- -
Dividend per Share
0.15
0.08
0.13
0.03
0.04
0.1
0.2
0.21
0.2
0.2
0.2
0.22
0.22
0.22
Book Value per Share
0.43
0.59
1.18
1.3
1.48
1.67
1.89
3
3.18
3.35
3.01
3.13
3.07
2.82
Tangible Book Value per Share
0.41
0.57
1.16
1.28
1.46
1.66
1.87
2.99
3.17
3.34
2.89
2.71
2.66
2.43
Basic Weighted Avg Shares
60
121
338
372
354
360
360
387
400
400
397
390
388
385
Sales/Revenue/Turnover
224
254
273
314
383
467
597
630
653
655
696
1,114
1,054
1,006
Operating Margin (%)
18.82
15.95
15.65
13.37
20.4
15.62
22.7
29.34
26.8
22.03
16.13
17.49
14.02
14.02
Depreciation Expense
3
4
5
6
5
7
10
11
15
15
17
32
31
- -
Net Income, GAAP
53
49
64
52
78
91
150
201
146
141
87
124
106
31
Effective Tax Rate (%)
8.2
9.77
14.78
3.29
8.29
7.59
8.49
9.82
13.95
9.68
7.42
19.25
14.72
28.82
Profit Margin (%)
23.52
19.45
23.55
16.6
20.33
19.56
25.11
31.86
22.37
21.57
12.42
11.16
10.04
3.09
Working Capital
95
146
337
316
335
321
384
858
896
857
644
678
628
561
LT Debt
- -
- -
- -
- -
- -
- -
- -
1
6
2
7
18
5
4
Total Equity
155
214
425
467
533
604
681
1,201
1,274
1,343
1,207
1,253
1,229
1,129
Return on Invested Capital (%)
32.41
20.12
17.02
9.32
15.31
15.83
22.77
20.84
11.61
10.53
6.13
8.12
6.6
2
Return on Capital (%)
37.4
26.88
20.08
13
15.8
13.86
21.54
21.87
11.74
10.77
6.29
8.61
7.15
2.22
Return on Common Equity (%)
40.26
26.88
20.11
11.67
15.59
16.12
23.38
21.36
11.81
10.8
6.79
10.11
8.53
2.54

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
330
376
386
LT Borrowings
- -
- -
- -
LT Finance Leases
5
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
400
400
400
Market Capitalization
5,724
4,644
3,636

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,110
1,132
1,062
Cash, Cash Equivalents & STI
929
954
906
Accounts Receivable, Net
143
137
108
Inventories
3
5
8
Total Current Liabilities
481
492
500
Payables & Accruals
- -
- -
- -
ST Debt
330
376
386
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.98%
0.65%
-1.9%
Free Cash Flow
-32.05%
5.09%
98.3%
Net Income, GAAP
10.55%
-8.09%
-14.81%
Sales/Revenue/Turnover
15.73%
12.97%
-5.4%
Total Cash Common Dividend
- -
- -
0.07%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
268
264
276
306
1,114
2025
252
263
- -
291
1,054
2026
248
204
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.02
0.05
0.29
- -
0.32
2025
0.17
0.12
- -
0.02
0.27
2026
-0.01
-0.06
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.2
0.01
0.22
2025
- -
0.01
- -
0.01
0.22
2026
0.01
0.2
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Bao Quan Zhang
Full Time Employees
2,748
Sector
Technology services
Industry
Packaged software
Address
No. 96, Qitai Road Suzhou JS China 215028
IPO Date
May 11, 2020
Website
linkstec.com
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Business
Linkage Software Co., Ltd. delivers comprehensive financial software solutions, specializing in technology outsourcing for the domestic and international financial industry. The company offers a complete suite of services, encompassing consulting, system design, development, and ongoing maintenance. Its offerings support critical operations across securities, banking, insurance, trust, and asset management sectors. Solutions are engineered for areas such as online brokerage platforms, sophisticated data analytics, real-time big data processing, and integrated financial service frameworks, alongside applications for internet banking and mobile data terminals. These platforms integrate advanced technologies including cloud computing, big data, and artificial intelligence to enhance operational efficiency and security. Founded in 2003 and headquartered in Suzhou, China, Linkage Software became publicly traded on the Shanghai Stock Exchange's Science and Innovation Board in May 2020. Recently, the company announced intentions to acquire Kmerit Information Science & Technology Co.,Ltd. to further expand its financial IT market presence with capital market integrated application solutions.