Lianyirong (09959) announces 2025 interim results: repurchase no less than 80 million US dollars in the next 12 months

Zhitong Finance App learned that on August 26, 2025, Lianyirong Technology Group (09959) announced the 2025 interim results. In the first half of the year, the company's cumulative supply chain asset service scale reached 203.6 billion yuan, with total revenue and revenue of 370 million yuan; the number of core enterprises and financial institution customers for supply chain fintech solutions was added by 244, and the total number of customers reached 1,352, an increase of 22% over 2024; the company helped more than 380,000 micro, small and medium-sized enterprises enjoy digital inclusive fintech services.

In the first half of the year, the company focused on core business, accelerated transformation and upgrading, promoted organizational structure optimization, and reduced operating expenses; the company continued to improve operating efficiency and improve cash flow, with cash reserves reaching RMB 5.4 billion, an increase of 300 million yuan over the end of 2024.

In addition, Lianyirong fully launched the global trade finance digital asset strategy in the first half of the year, and launched an innovative “stablecoin+” (stablecoin+) solution centered on digital trade tokens (DTT) and ABT (Asset Backed Token) for trade finance assets. The forward-looking layout is based on global supply chain finance applications and scenarios based on compliant stablecoins.

At the same time, based on the board of directors and management team's confidence that the company will achieve continuous and steady growth around core strategies such as “AI+ industrial finance” and digital assets, Lianyirong promised to repurchase shares of no less than 80 million US dollars within the next 12 months.

Multi-level circulation clouds become the main engine of growth, accelerating the transformation and upgrading of business models

In the first half of 2025, against the backdrop of fluctuations in the global macro environment and continuous industry adjustments, Lianyirong accelerated the transformation and upgrading of the business model, continuously improved operating efficiency and cash flow, and achieved steady and qualitative development. The total amount of supply chain assets handled by Lianyirong Technology Solutions is 203.6 billion yuan.

Lianyirong's supply chain fintech solutions cover multi-level circulation clouds and AMS clouds in core enterprise cloud services, as well as ABS clouds and e-chain clouds in financial institutions' cloud services. Among them, the multi-level logistics cloud business, which is the core sector of the company, performed strongly, processing assets amounting to 133.2 billion yuan, an increase of 54% over the previous year.

In the first half of the year, in the financial institution cloud business, the company innovated core enterprise accounts receivable financing products to further deepen customer penetration in the large infrastructure industry and actively expanded into emerging fields such as new energy. The ABS cloud business handled 9.6 billion yuan in supply chain assets, a significant increase over last year. At the same time, the company is fully focusing on financial institutions' digital and intelligent transformation product strategies to actively reduce gross profit business. The total supply chain assets handled by the e-chain cloud business are RMB 26 billion.

Lianyirong continues to expand a broad and diverse range of business partners, and innovate “denuclearization” scenario solutions in an orderly and large-scale manner. It has implemented “weak credit link solutions” such as order financing and e-loans receivable for many enterprises such as Yunnan Construction Investment Holding Group, China Railway 25th Bureau Group, Luzhou Laojiao, and Shandong Xingang Enterprise Group, and continues to optimize the product portfolio. The core enterprise and financial institution customers of Lianyirong's supply chain fintech solutions were added by 244, bringing the total number of customers to 1,352, an increase of 22% over 2024. The overall customer retention rate increased to 99% from 96% last year.

“AI+ industrial finance” two-wheel drive, strategic mergers and acquisitions broaden product matrix

As a leader and pioneer in the supply chain fintech industry, Lianyirong continues to lay out and break through in cutting-edge technology fields such as artificial intelligence and blockchain. It aims to help improve the efficiency of the entire supply chain and reshape the value system through technological innovation, and contribute to the construction of a high-quality inclusive financial system.

In the field of artificial intelligence, Lianyirong has established a full-stack AI technology matrix centered around the supply chain finance field. By connecting to mainstream domestic models such as DeepSeek and Tongyi Qianwen, and deeply integrating our own supply chain financial scenario knowledge maps and multi-dimensional data, we accelerate the LDP-GPT upgrade and iteration of the LDP-GPT model, and efficiently integrate and export AI capabilities.

In the first half of the year, the intelligent “Honeylink AI” based on LDP-GPT large-scale model technology completed many core competency refinements. Two core applications, smart trade processing and intelligent registration, were successfully deployed and delivered by more than 30 core enterprises and financial institutions, including Standard Chartered Bank, to help financial institutions achieve high-quality digital and intelligent operation upgrades.

In terms of in-depth scenarios, Lianyirong broadened the product and service matrix, optimized operational efficiency, and laid a solid foundation for long-term steady development through the strategic merger and acquisition of Byte Technology. Bayt has created an industry-finance treasury matrix solution covering all scenarios to help the Group's enterprise customers digitally upgrade their industrial and financial platforms; the treasury management solution uses a hierarchical architecture design, and the bottom layer relies on cutting-edge new technologies such as cloud computing, big data and artificial intelligence, providing a strong technical foundation for enterprise treasury management.

It is expected that in the future, the company will promote more strategic mergers and acquisitions to build diversified growth drivers.

Deepen the financial layout of the international supply chain and create sustainable value collaboratively

In the first half of the year, LianYirong's international layout reached a new level. Cross-border cloud and international business performance was steady, and the scale and revenue of cross-border cloud asset services achieved double-digit growth, and continued to advance the [Go Early] and [Go Deep] dual-engine strategies.

“Go Early” focuses on the construction of a platform-based ecosystem, focusing on the four major scenarios of cross-border trade, cross-border e-commerce, overseas business travel and cross-border logistics. By aggregating the resources of 12 high-quality platforms around the world, including Infor, Amazon, and Shopee, the company successfully helped more than 1,100 small and medium-sized merchants implement one-stop digital financing services. “Go Deep” is deeply involved in scenario-based and in-depth services, and is committed to building an intelligent supply chain financing system covering the entire cross-border procurement, production, logistics to sales link for Chinese overseas enterprises, helping them expand their global supply chain efficiently and accelerate the internationalization process. At the same time, Lianyirong has established an end-to-end service network for multilateral trade corridors covering core markets in Greater China, Southeast Asia, Europe and the US through the establishment of regional operation centers in the UK and the US.

Lianyirong has always adhered to the ESG mission of “technology helps sustainable supply chain finance”, deeply cultivate the integration and innovation of digital technology and industrial scenarios, and is committed to using technology to drive sustainable industrial upgrading and inclusive finance model innovation, and create sustainable value for the high-quality collaborative development of the real economy and digital finance. In the first half of 2025, the company's sustainable supply chain (including renewable energy, rural revitalization, environmental protection and public health) assets exceeded 29 billion yuan, an increase of 97% over the previous year.

Lianyirong has helped more than 380,000 micro, small and medium-sized enterprises enjoy efficient, convenient, and low-cost digital financial inclusion services. In the first half of 2025, the average financing cost for micro, small and medium-sized enterprises funded on the LianYirong Xunyi Chain SaaS platform was only 2.86%. Furthermore, with its practices in the field of green finance, Lianyirong's ESG performance continues to lead the industry: it received the first ESG rating from Huazheng and Commercial Road Ronggreen, and continuously received an ESG “A” rating from Wande. The score remained in the top 10% of the software industry, and won titles such as “2025 China's Most Outstanding Enterprise Contributing Enterprise to the United Nations Sustainable Development Goals (SDG)” and “2025 ESG Model Enterprise Award”.

Build a stablecoin ecosystem and implement a digital asset strategy for global trade finance

In the first half of 2025, Lianyirong relied on the accumulation of digital asset technology to accelerate the scenario-based implementation of innovative products and market penetration, and fully launch the global trade finance digital asset strategy. With deep blockchain technology layout and practical experience, the company has built digital asset infrastructure core capabilities covering enterprise-level digital asset security custody, integrated cross-border payment and settlement, RWA asset tokenized financing, compliance risk control and on-chain supervision.

Since fully advancing the globalization process in 2019, Lianyirong has continued to empower the transformation of the cross-border and global trade finance industry through Web 3.0 technology. In 2020, the company and its business partners obtained the Singapore Digital Bank license and established Greenlink Digital Bank to deepen cross-border financial digital service capabilities; in 2023, under the leadership of the Hong Kong Monetary Authority (HKMA), LianYirong joined hands with Bank for International Settlements (BIS) and Standard Chartered Bank and other institutions to jointly build the Project Dynamo prototype platform, pioneered the programmable digital trade token DTT, to automate the execution of trade finance terms through deep integration of smart contracts and standard token agreements to provide an innovative model for global cross-border trade payments and financing; In August of the same year, the company joined hands with Standard Chartered Bank to participate in Project Guardian led by the Monetary Authority of Singapore (MAS) to build an ABT platform based on asset tokenization technology to transform real economic assets such as trade accounts receivable into tradable and divisible digital assets, and completed the first tokenized product offering of trade assets in the industry on the Singapore Exchange, which verified the viability of this technology in the field of trade finance.

With the improvement of the regulatory framework related to stablecoins in Hong Kong and around the world, Lianyirong will further combine the existing layout of overseas and cross-border businesses to accelerate the innovation and application of digital asset businesses. In Singapore, the company will cooperate with licensed institutions to promote the compliant issuance of DTT and implement full-scenario solutions for compliant stablecoins in supply chain finance; in Hong Kong, the company will actively promote cooperation with stablecoin license applicants to create stablecoin+ (Stablecoin+) solutions based on compliant stablecoins; in other regions of the world, LianYirong will also actively explore innovative applications with global compliant stablecoin issuers in supply chain finance scenarios, and expand the application of digital assets in real-world asset tokenization, cross-border digital payments, and inclusive finance to enable global finance Digital and intelligent transformation and upgrading of the ecosystem.

Song Qun, founder, chairman and CEO of Lianyirong, said, “Looking forward to the future, at a time of deep restructuring of the global financial system, the integration of AI and compliant stablecoins will not only reshape the underlying logic of cross-border capital flows, but also provide a new solution for building resilience in the financial system against the backdrop of heightened global economic uncertainty. Facing historic opportunities for change, Lianyirong, which has taken the lead, will make every effort to build multiple development engines around the three core strategies of “AI+ industrial finance”, strategic mergers and acquisitions, and digital assets to achieve high-quality sustainable growth. Based on strong confidence in future development prospects, the company promised to repurchase shares of no less than $80 million over the next 12 months. Lianyirong will work to build a win-win ecosystem for customers and consolidate the foundation of shareholder value.”