Linkage Software Co Ltd
Linkage Software Co., LTD operates as a financial software company. Its products include cloud computing, big data, artificial intelligence, mobile terminals, and internet application. It also offers its software solution in the field of intelligent operation marketing services for O2O customers, wealth management, digital transformation solution for large investment banks, integrated financial s… Read more
Linkage Software Co Ltd (688588) - Net Assets
Latest net assets as of September 2025: CN¥1.23 Billion CNY
Based on the latest financial reports, Linkage Software Co Ltd (688588) has net assets worth CN¥1.23 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.75 Billion) and total liabilities (CN¥516.56 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.23 Billion |
| % of Total Assets | 70.46% |
| Annual Growth Rate | 22.78% |
| 5-Year Change | 4.32% |
| 10-Year Change | 194.92% |
| Growth Volatility | 31.27 |
Linkage Software Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Linkage Software Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Linkage Software Co Ltd (2012–2024)
The table below shows the annual net assets of Linkage Software Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.25 Billion | +3.87% |
| 2023-12-31 | CN¥1.21 Billion | -10.13% |
| 2022-12-31 | CN¥1.34 Billion | +5.36% |
| 2021-12-31 | CN¥1.27 Billion | +6.06% |
| 2020-12-31 | CN¥1.20 Billion | +76.42% |
| 2019-12-31 | CN¥681.05 Million | +15.76% |
| 2018-12-31 | CN¥588.34 Million | +10.40% |
| 2017-12-31 | CN¥532.94 Million | +14.03% |
| 2016-12-31 | CN¥467.36 Million | +9.97% |
| 2015-12-31 | CN¥424.97 Million | +98.95% |
| 2014-12-31 | CN¥213.61 Million | +38.18% |
| 2013-12-31 | CN¥154.58 Million | +44.77% |
| 2012-12-31 | CN¥106.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Linkage Software Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3211.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥499.03 Million | 39.83% |
| Common Stock | CN¥400.01 Million | 31.93% |
| Other Comprehensive Income | CN¥137.17 Million | 10.95% |
| Other Components | CN¥216.60 Million | 17.29% |
| Total Equity | CN¥1.25 Billion | 100.00% |
Linkage Software Co Ltd Competitors by Market Cap
The table below lists competitors of Linkage Software Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui Huamao Textile Co Ltd
SHE:000850
|
$321.50 Million |
|
Stitch Fix
NASDAQ:SFIX
|
$321.50 Million |
|
GDI Integrated Facility Services Inc
PINK:GDIFF
|
$321.70 Million |
|
Van Phu - Invest Investment JSC
VN:VPI
|
$321.83 Million |
|
Haverty Furniture Companies Inc
NYSE:HVT-A
|
$321.39 Million |
|
Minerva S.A
SA:BEEF3
|
$321.11 Million |
|
Zhejiang Cheng Yi Pharmaceutical Co Ltd
SHG:603811
|
$321.03 Million |
|
Lion Travel Service Co Ltd
TW:2731
|
$321.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Linkage Software Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,205,888,434 to 1,252,807,938, a change of 46,919,504 (3.9%).
- Net income of 124,292,969 contributed positively to equity growth.
- Dividend payments of 84,417,157 reduced retained earnings.
- Other comprehensive income increased equity by 118,497,677.
- Other factors decreased equity by 111,453,985.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥124.29 Million | +9.92% |
| Dividends Paid | CN¥84.42 Million | -6.74% |
| Other Comprehensive Income | CN¥118.50 Million | +9.46% |
| Other Changes | CN¥-111.45 Million | -8.9% |
| Total Change | CN¥- | 3.89% |
Book Value vs Market Value Analysis
This analysis compares Linkage Software Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 36.06x to 4.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.36 | CN¥12.96 | x |
| 2013-12-31 | CN¥0.51 | CN¥12.96 | x |
| 2014-12-31 | CN¥0.72 | CN¥12.96 | x |
| 2015-12-31 | CN¥1.28 | CN¥12.96 | x |
| 2016-12-31 | CN¥1.30 | CN¥12.96 | x |
| 2017-12-31 | CN¥1.48 | CN¥12.96 | x |
| 2018-12-31 | CN¥1.63 | CN¥12.96 | x |
| 2019-12-31 | CN¥1.70 | CN¥12.96 | x |
| 2020-12-31 | CN¥3.00 | CN¥12.96 | x |
| 2021-12-31 | CN¥3.18 | CN¥12.96 | x |
| 2022-12-31 | CN¥3.35 | CN¥12.96 | x |
| 2023-12-31 | CN¥3.03 | CN¥12.96 | x |
| 2024-12-31 | CN¥3.21 | CN¥12.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Linkage Software Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.92%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.16%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.43x
- Recent ROE (9.92%) is below the historical average (17.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 37.33% | 21.90% | 1.16x | 1.47x | CN¥29.18 Million |
| 2013 | 34.03% | 23.52% | 1.24x | 1.17x | CN¥37.15 Million |
| 2014 | 23.17% | 19.45% | 1.03x | 1.16x | CN¥28.13 Million |
| 2015 | 15.11% | 23.55% | 0.59x | 1.09x | CN¥21.71 Million |
| 2016 | 11.14% | 16.60% | 0.61x | 1.09x | CN¥5.34 Million |
| 2017 | 14.65% | 20.33% | 0.64x | 1.13x | CN¥24.70 Million |
| 2018 | 15.57% | 19.56% | 0.68x | 1.17x | CN¥32.68 Million |
| 2019 | 22.04% | 25.11% | 0.75x | 1.16x | CN¥81.87 Million |
| 2020 | 16.73% | 31.86% | 0.48x | 1.09x | CN¥80.73 Million |
| 2021 | 11.47% | 22.37% | 0.47x | 1.08x | CN¥18.69 Million |
| 2022 | 10.52% | 21.57% | 0.45x | 1.08x | CN¥7.01 Million |
| 2023 | 7.18% | 12.42% | 0.44x | 1.32x | CN¥-34.06 Million |
| 2024 | 9.92% | 11.16% | 0.62x | 1.43x | CN¥-987.82K |
Industry Comparison
This section compares Linkage Software Co Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $3,048,736,079
- Average return on equity (ROE) among peers: 11.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Linkage Software Co Ltd (688588) | CN¥1.23 Billion | 37.33% | 0.42x | $321.48 Million |
| Digital China Information Service Co Ltd (000555) | $-125.57 Million | 0.00% | 0.00x | $1.17 Billion |
| Fujian Newland Computer Co Ltd (000997) | $6.71 Billion | 14.96% | 0.97x | $2.06 Billion |
| YGSOFT Inc (002063) | $2.10 Billion | 8.22% | 0.19x | $1.26 Billion |
| Dhc Software Co Ltd (002065) | $8.61 Billion | 13.26% | 0.30x | $2.40 Billion |
| Zhejiang Netsun Co Ltd (002095) | $1.07 Billion | 1.80% | 0.22x | $322.94 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $51.79 Million | 15.64% | 0.90x | $953.24 Million |
| Beijing Shiji Information Technology Co Ltd (002153) | $1.13 Billion | 23.47% | 0.16x | $1.00 Billion |
| Shanghai 2345 Network Holding Group (002195) | $10.18 Billion | 7.45% | 0.12x | $6.64 Billion |
| Iflytek Co Ltd (002230) | $599.04 Million | 13.40% | 0.22x | $12.29 Billion |
| Wisesoft Co Ltd (002253) | $171.84 Million | 15.22% | 0.51x | $265.79 Million |