Linkage Software Co Ltd (688588) - Net Assets
Based on the latest financial reports, Linkage Software Co Ltd (688588) has net assets worth CN¥1.23 Billion CNY (≈ $179.74 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.73 Billion ≈ $253.08 Million USD) and total liabilities (CN¥501.16 Million ≈ $73.34 Million USD). 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. Check Linkage Software Co Ltd (688588) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.23 Billion |
| % of Total Assets | 71.02% |
| Annual Growth Rate | 20.68% |
| 5-Year Change | -3.51% |
| 10-Year Change | 163.07% |
| Growth Volatility | 30.96 |
Linkage Software Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Linkage Software Co Ltd's net assets have evolved over time, based on quarterly financial data. See 688588 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Linkage Software Co Ltd (2012–2025)
The table below shows the annual net assets of Linkage Software Co Ltd from 2012 to 2025. For live valuation and market cap data, see 688588 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.23 Billion ≈ $179.91 Million |
-1.90% |
| 2024-12-31 | CN¥1.25 Billion ≈ $183.40 Million |
+3.87% |
| 2023-12-31 | CN¥1.21 Billion ≈ $176.56 Million |
-10.13% |
| 2022-12-31 | CN¥1.34 Billion ≈ $196.47 Million |
+5.36% |
| 2021-12-31 | CN¥1.27 Billion ≈ $186.46 Million |
+6.06% |
| 2020-12-31 | CN¥1.20 Billion ≈ $175.81 Million |
+76.42% |
| 2019-12-31 | CN¥681.05 Million ≈ $99.66 Million |
+15.76% |
| 2018-12-31 | CN¥588.34 Million ≈ $86.09 Million |
+10.40% |
| 2017-12-31 | CN¥532.94 Million ≈ $77.99 Million |
+14.03% |
| 2016-12-31 | CN¥467.36 Million ≈ $68.39 Million |
+9.97% |
| 2015-12-31 | CN¥424.97 Million ≈ $62.19 Million |
+98.95% |
| 2014-12-31 | CN¥213.61 Million ≈ $31.26 Million |
+38.18% |
| 2013-12-31 | CN¥154.58 Million ≈ $22.62 Million |
+44.77% |
| 2012-12-31 | CN¥106.78 Million ≈ $15.62 Million |
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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 3361.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥521.61 Million | 42.44% |
| Other Components | CN¥707.31 Million | 57.56% |
| Total Equity | CN¥1.23 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 |
|---|---|
|
Jinneng Science&Tech Co Ltd
SHG:603113
|
$574.86 Million |
|
Shanghai Jin Jiang International Industrial Investment Co Ltd A
SHG:600650
|
$574.94 Million |
|
Luoyang Glass
SHG:600876
|
$574.94 Million |
|
Oeneo SA
PA:SBT
|
$575.32 Million |
|
Zhejiang Feida Environmental Science & Technology Co Ltd
SHG:600526
|
$574.80 Million |
|
SeaBird Exploration Plc
OL:SBX
|
$574.77 Million |
|
China Master Logistics Co Ltd
SHG:603967
|
$574.75 Million |
|
Fujian Rongji Software Co Ltd
SHE:002474
|
$574.51 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 2024 to 2025, total equity changed from 1,252,807,938 to 1,228,922,810, a change of -23,885,128 (-1.9%).
- Net income of 101,580,200 contributed positively to equity growth.
- Dividend payments of 84,474,363 reduced retained earnings.
- Other comprehensive income decreased equity by 137,169,765.
- Other factors increased equity by 96,178,800.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥101.58 Million | +8.27% |
| Dividends Paid | CN¥84.47 Million | -6.87% |
| Other Comprehensive Income | CN¥-137.17 Million | -11.16% |
| Other Changes | CN¥96.18 Million | +7.83% |
| Total Change | CN¥- | -1.91% |
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: 3.12x
- 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 27.13x to 3.12x 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¥9.82 | x |
| 2013-12-31 | CN¥0.53 | CN¥9.82 | x |
| 2014-12-31 | CN¥1.77 | CN¥9.82 | x |
| 2015-12-31 | CN¥1.26 | CN¥9.82 | x |
| 2016-12-31 | CN¥1.26 | CN¥9.82 | x |
| 2017-12-31 | CN¥1.50 | CN¥9.82 | x |
| 2018-12-31 | CN¥1.63 | CN¥9.82 | x |
| 2019-12-31 | CN¥1.89 | CN¥9.82 | x |
| 2020-12-31 | CN¥3.10 | CN¥9.82 | x |
| 2021-12-31 | CN¥3.18 | CN¥9.82 | x |
| 2022-12-31 | CN¥3.35 | CN¥9.82 | x |
| 2023-12-31 | CN¥3.03 | CN¥9.82 | x |
| 2024-12-31 | CN¥3.21 | CN¥9.82 | x |
| 2025-12-31 | CN¥3.15 | CN¥9.82 | 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): 8.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.64%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 1.40x
- Recent ROE (8.27%) is below the historical average (16.94%), 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 |
| 2025 | 8.27% | 9.64% | 0.61x | 1.40x | CN¥-21.31 Million |
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: $4,025,217,489
- Average return on equity (ROE) among peers: 13.52%
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% | 0.41x | $574.80 Million |
| Digital China Information Service Co Ltd (000555) | $3.30 Billion | 10.62% | 1.23x | $1.61 Billion |
| Fujian Newland Computer Co Ltd (000997) | $654.33 Million | 6.35% | 0.51x | $2.63 Billion |
| YGSOFT Inc (002063) | $1.72 Billion | 7.06% | 0.19x | $1.47 Billion |
| Dhc Software Co Ltd (002065) | $145.16 Million | 27.99% | 1.22x | $3.43 Billion |
| Zhejiang Netsun Co Ltd (002095) | $48.97 Million | 27.57% | 0.69x | $492.96 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $112.46 Million | 31.50% | 0.93x | $913.40 Million |
| Beijing Shiji Information Technology Co Ltd (002153) | $5.40 Billion | 7.76% | 0.26x | $3.07 Billion |
| Shanghai 2345 Network Holding Group (002195) | $10.26 Billion | 0.32% | 0.02x | $5.91 Billion |
| Iflytek Co Ltd (002230) | $17.34 Billion | 8.98% | 0.81x | $14.98 Billion |
| Qiming Information Technology Co Ltd (002232) | $1.28 Billion | 7.10% | 0.51x | $891.37 Million |
About 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