Lianyirong Technology-W (09959) rose more than 5% and rose 5.16% to HK$1.63 at press time, with a turnover of HK$12.67 million.
The Zhitong Finance App learned that Lianyirong Technology-W (09959) rose by more than 5% and rose 5.16% at press time to HK$1.63, with a turnover of HK$12.67 million.
According to the news, the company announced that in the first quarter of 2024, the total number of the company's core enterprise partners reached 1,608, an increase of 8.1% over the end of 2023; the total number of financial institution partners reached 320. The customer retention rate for supply chain fintech solutions was 96%, up 10 percentage points from the end of 2023. In the first quarter of 2024, the total number of transactions processed by the company's supply chain fintech solutions was 91,698.3 billion yuan, up 44.9% year on year; the total number of transactions processed by emerging solutions was 4.427.5 billion yuan, up 49.1% year on year; total transactions processed by technology solutions were 96.125.8 billion yuan, up 45.1% year on year.
Furthermore, in the first quarter, the company's main business revenue and revenue increased significantly year-on-year. As of April 22, 2024, the company's cash reserves (including cash and cash equivalents and restricted cash) reached RMB 5.2 billion, an increase of RMB 400 million over December 31, 2023. The company's board of directors approved a share repurchase plan of not more than $100 million in March 2024. Based on current sufficient financial resources, the company reaffirms its firm commitment to increase shareholder returns through continuous share repurchases and dividend distribution.