华夏时报（www.chinatimes.net.cn）记者 卢梦雪 北京报道 美国《GENIUS法案》通过，香港《稳定币条例》正式成为法例，英国发布稳定币监管提案……近期稳定币监管 环境不断迎来新变化，也带动了稳定币概念股的大幅波动。 近日，二级市场上的稳定币概念股大幅波动，6月3日，多只稳定币概念股暴涨。其中，翠微股份、恒宝股份、御 银股份涨停。 相关分析人士指出，近期国内外稳定币监管等层面的相关动态频出，提升了投资者对数字货币的信心，形成全球 资金对相关资产的再度聚集。但数字货币板块历来波动剧烈，题材炒作背后的"兑现能力"仍需时间检验。 稳定币概念股暴涨 5月27日，英国金融行为监管局（FCA）发布针对稳定币发行、加密资产托管及相关企业财务稳健性的监管提案， 旨在为加密行业建立更明确的合规路径。该提案要求受监管的稳定币维持价值稳定，并向用户明确披露储备资产 管理方式。 5月20日，美国参议院通过《GENIUS法案》，标志着美国稳定币立法过程中迎来重要进展。 与此同时，西班牙桑坦德银行（BancoSantanderSA）表示，正考虑扩大其在数字资产方面的业务，包括推出稳定 币的初步计划，以及为其数字银行的零 ...

Group 1: Digital Currency Market - The Hong Kong digital currency sector remains active, with Lianlian Digital surging over 60% and Okex Chain rising by 41.21% [1] - The Hong Kong government has officially implemented the Stablecoin Regulation, enhancing the regulatory framework for digital assets [1] Group 2: Quantum Communication - A Chinese research team has proposed a new theoretical framework for long-distance scalable quantum direct communication, achieving a 300-kilometer quantum communication network [2] - The experiment demonstrated a fidelity of over 85% in shared quantum states among nodes, confirming the reliability of the communication method [2] Group 3: Brain-Computer Interface - Clinical trials for implantable brain-computer interfaces have commenced, aiming to validate the effectiveness and safety of the treatment for spinal cord injury patients [3] - Shanghai plans to establish a specialized committee for brain-computer interfaces, integrating various sectors to foster innovation [3] Group 4: Robotics - Galaxy General has launched TrackVLA, an end-to-end navigation model that utilizes visual perception and natural language instructions for robotic actions [4] Group 5: U.S. Debt Concerns - The International Financial Association warns that the rising U.S. debt could trigger a global bond market crisis, as borrowing costs in other countries often correlate with U.S. Treasury fluctuations [5] Group 6: Fund Performance - In the first five months of the year, some funds have reported returns exceeding 70%, particularly those focused on innovative pharmaceuticals and new consumer sectors [6] Group 7: Bond ETF Growth - Bond ETFs have seen significant inflows, with over 40 billion yuan in net inflows in May, indicating strong market interest despite overall weak bond market returns [7] Group 8: Consumer Goods Sales - The sales of consumer goods through trade-in programs have surpassed 1 trillion yuan this year, significantly boosting consumption [8] Group 9: Green Data Centers - China's first national standard for evaluating green data centers has been implemented, providing guidelines for energy efficiency and sustainable practices in data center operations [9] Group 10: Tesla Sales Decline - Tesla's new car registrations in France fell by 67% in May, marking the lowest level in nearly three years, despite the launch of a redesigned Model Y [10]

Market Overview - The Hong Kong stock market started June on a negative note, with the Hang Seng Index dropping to 23,157.97 points, down 0.57% or 131.8 points, with a total turnover of HKD 145.245 billion [1] - The Hang Seng Tech Index fell over 3% at one point but later narrowed its losses, closing down 0.7% at 5,134.11 points [1] - The market has shown signs of recovery after the "reciprocal tariffs" impact, with a significant decline in risk premiums being a key driver [1] Blue Chip Performance - Sands China (01928) led blue-chip gains, rising 4.28% to HKD 16.08, contributing 2.69 points to the Hang Seng Index [2] - Macau's gaming revenue for May reached MOP 21.193 billion, a 5% year-on-year increase, with total revenue for the first five months at MOP 97.707 billion, up 1.7% [2][5] - Other notable blue-chip movements included Chow Tai Fook (01929) up 3.22% and Galaxy Entertainment (00027) up 1.8%, while CSPC Pharmaceutical (01093) fell 4.81% [2] Sector Highlights Stablecoin Sector - The stablecoin sector surged following the enactment of the Stablecoin Ordinance in Hong Kong, with LianLian Digital (02598) rising 64.27% and Yike (09923) up 39.87% [3][4] - The ordinance aims to enhance the regulatory framework for digital asset activities in Hong Kong, with compliant stablecoins expected to launch by the end of the year [4] Gaming Sector - The gaming sector saw most stocks rise, with Sands China and Wynn Macau (01128) also posting gains [5] - Citigroup forecasts a 5% year-on-year increase in gaming revenue for June, estimating daily revenue at approximately MOP 6.17 billion [5] Gold Sector - Gold stocks performed well, with Tongguan Gold (00340) up 18.23% and other gold-related stocks also seeing gains due to rising gold prices amid geopolitical tensions [6] - Spot gold prices reached USD 3,350 per ounce, reflecting a nearly 2% increase [6] Real Estate Sector - The real estate sector faced challenges, with major developers like Agile Group (03383) and R&F Properties (02777) experiencing significant declines [7] - The top 100 real estate companies in China reported a 10.8% year-on-year drop in sales for the first five months of 2025 [7] Automotive Sector - The automotive sector is under pressure due to a new wave of price wars, with companies like GAC Group (02238) and Li Auto (02015) seeing declines [8] - The Ministry of Industry and Information Technology has expressed opposition to "cutthroat" competition in the automotive industry [8] Notable Stock Movements - Mixue Group (02097) reached a new high, closing up 7.54% at HKD 584.5, with an upgraded target price reflecting strong sales growth [9] - Alibaba Pictures (01060) rose 7.41% after announcing a name change to Damai Entertainment, indicating a strategic shift towards live events [10] - Leap Motor (09863) reported a 148% year-on-year increase in May deliveries, prompting an upgrade in sales forecasts [11] - CSPC Pharmaceutical (02005) fell 5.46% after reporting a significant drop in revenue and profit for Q1 2025 [12]

Group 1 - The company, Yika, experienced a significant increase in stock price, with a rise of over 40% [1] - The highest stock price reached 13.28 HKD during trading [1] - The trading volume approached 300 million HKD [1]

Investor Presentation August 2021 Legal Disclaimer 2 • This document has been prepared by YEAHKA LIMITED (the "Company" or "us") for a limited number of recipients and for information purposes only and not for public dissemination. You and your directors, officers, employees, agents and affiliates must hold this document and any oral information provided in connection with this document in strict confidence and may not communicate, reproduce, distribute or disclose it to any other person, or refer to it pub ...

Business Overview - The company aims to continuously create value for merchants and consumers by building an independent and scalable commercial digitalized ecosystem[4] - The company focuses on one-stop payment services, merchant solutions, and in-store e-commerce services[12] - The penetration rate of self-operated takeaway mini-programs in 2020 was 0.8%[10] - The 2021 integrated payment penetration rate forecast is 29.6%[10] - The 2025E local lifestyle services online penetration rate is 30.8%[11] Operating Metrics - In-store E-commerce Services GMV in the first half of 2022 was greater than RMB 1,355.2 million, a year-over-year growth of 1,789.7%[16] - The company had 9.7 million paying consumers in the first half of 2022, a year-over-year growth of 578.9%[16] - The total GPV for one-stop payment services in the first half of 2022 was approximately RMB 1.06 trillion, a year-over-year growth of 7.4%[18] - The company had over 7.6 million active payment merchants in the first half of 2022, a year-over-year growth of 24.1%[18] Financial Highlights - The company's revenue for the first half of 2022 was RMB 1,641.8 million, a year-over-year growth of 17.1%[24] - Gross profit for the first half of 2022 was RMB 529.3 million, a year-over-year increase of 52.1%, with a GPM of 32.2%, a year-over-year increase of 7.4 percentage points[25] - Adjusted EBITDA for the first half of 2022 was RMB 69.7 million, a half-on-half growth of 39.7%[25] - In-store e-commerce services revenue was RMB 161.6 million, a year-over-year growth of 259.4%[22]

Financial Performance - FY2022 revenue reached RMB3,418.0 million, representing a year-over-year growth of 11.8%[23, 25] - Gross profit for FY2022 was RMB1,030.9 million, a 26.6% increase compared to the previous year[23, 25] - The gross profit margin (GPM) increased to 30.2% in FY2022, a 3.6 percentage point increase year-over-year[23] - Adjusted EBITDA for FY2022 stood at RMB213.4 million, showing a substantial 73.0% year-over-year growth[23, 25] Operating Metrics - The company's In-store E-commerce Services achieved a GMV of RMB3.3 billion, reflecting a significant year-over-year growth of 733.1%[17] - Total number of orders reached 37 million, a 305.0% year-over-year growth[17] - The company's One-stop Payment Services achieved a GPV of RMB2.23 trillion in FY2022, a 5.1% year-over-year growth[17] - The number of active payment merchants reached 8.1 million[18, 37] Business Segments - One-stop payment services revenue was RMB2,754.3 million[22] - Merchant solutions revenue was RMB309.6 million[22] - In-store e-commerce services revenue was RMB354.2 million, a 139.0% year-over-year growth[22, 31]

Market Opportunity - The digital upgrading services market for small and medium-sized merchants in China is estimated to reach RMB 19334 billion by 2025[9] - The third-party mobile payment transaction volume is projected to reach RMB 4562 trillion by 2025[11] - The local lifestyle services market size in China is estimated to reach RMB 35 trillion by 2025[11] Operational Performance (H1 2023) - The company achieved a GMV of RMB 24 billion, representing a year-over-year growth of 789%[17] - The company's GPV reached RMB 142 trillion, with app-based payment accounting for 705% of the total[17] - The company's active payment merchants increased to 92 million, a year-over-year growth of 207%[17] - The company's active merchants in In-store E-commerce Services increased to 15 million, a year-over-year growth of 62% and HoH growth of 257%[17] Financial Performance (H1 2023) - The company's total revenue reached RMB 20622 million, a year-over-year growth of 256%[20] - The company's gross profit reached RMB 3660 million, with a gross profit margin of 177%[21] - The company's adjusted EBITDA reached RMB 2909 million, a year-over-year growth of 3174%[22] - The overall fee rate increased to 129 bps, a 09 bps increase from 2022 H1[17]

Financial Performance - The company maintained an industry-leading position with high daily transaction frequency, peaking at 56.9 million transactions in 1H24[9], although this was slightly lower than the 57.5 million in 2H23[9] - The company's fee rate was 12.3 bps in 1H24[11] - The company's overall gross profit margin increased to 19.0% in 1H24 from 17.7% in 1H23[17] - Net profit rebounded to RMB 30.4 million in 1H24, compared to a loss of RMB 20.2 million in 2H23[16] Revenue and Cost Structure - Revenue decreased to RMB 1,577.719 million in 1H24 from RMB 2,062.235 million in 1H23[57] - GPV decreased to RMB 1,166.2 billion in 1H24 from RMB 1,419.2 billion in 1H23[26] - Selling and administrative expenses decreased by 11.2% year-over-year to RMB 208.0 million in 1H24[13] from RMB 234.2 million in 1H23[13] - Non-payment business contributed 69.1% of total gross profit in 1H24, up from 52.6% in 1H23[17] Business Development and Strategy - In-store e-commerce services saw a 35% year-on-year growth of stores served, reaching over 18,000[47] - GPV in Singapore grew over 50% year-on-year[44] - Automated customer servicing rate raised to 80%[52]

09923.HK www.yeahka.com Investor Presentation 2024 March Legal Disclaimer 2 • This document has been prepared by YEAHKA LIMITED (the "Company" or "us") for a limited number of recipients and for information purposes only and not for public dissemination. You and your directors, officers, employees, agents and affiliates must hold this document and any oral information provided in connection with this document in strict confidence and may not communicate, reproduce, distribute or disclose it to any other per ...