HK Stock Market Move | LINKLOGIS-W(09959) rose by over 8% again. First quarter revenue hit a new record for a single quarter, with trading volume experiencing strong growth.

Linklogis-W (09959) rose by over 8%, as of the time of writing, it has risen by 8.06% to 2.28 Hong Kong dollars, with a trading volume of 13.201 million Hong Kong dollars. On the news front, Lianyirong Technology recently announced that in the first quarter of this year, the company's trading volume saw strong growth, with revenue and profit growth rates reaching a historical high for any single quarter since listing. The total transaction volume of supply chain financial technology solutions processed in the first quarter was 948.2 billion yuan, an increase of 30.5% year-on-year; the total transaction volume processed by emerging solutions was 26.03 billion yuan, an increase of 13% year-on-year. The total transaction volume processed by technology solutions was 974.23 billion yuan, an increase of 29.9% year-on-year. First Shanghai recently pointed out that the company completed the divestment of non-core businesses and the clearance of historical risk assets in 2025, with no impairment drag since 2026. In addition, domestic business and commission rates are expected to grow in synergy starting in 2026, while overseas expansion will accelerate with the SC+ platform as the core. AI technology upgrades, continuous improvement in R&D efficiency, cost control overlay, and sustainable profitability are expected for the whole year. Considering the company's ample cash reserves and enhanced shareholder return willingness, a PB valuation of 1.1 times for 2025 is given, corresponding to a target price of 4.0 Hong Kong dollars.