转自：大众报业·齐鲁壹点 日前，中国人民银行江苏省分行发布行政处罚决定信息公示表（苏银罚决字〔2025〕21-24号）。 拉卡拉支付股份有限公司江苏分公司因违反收单业务管理规定，被中国人民银行江苏省分行没收违法所得61423.7元，罚款25万元。 | 拉卡拉支付股份 | 没收违法所得 61423.7 中国人民银行 | 苏银罚决字 | 违反收单业务管理规定 | 有限公司江苏分 | 2025年9月24日 | 三年 | 江苏省分行 | 元,罚款 25万元 | (2025) 24 号 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 公司 | | | | | | | | | | 拉卡拉支付股份有限公司（拉卡拉 300773）官网显示，拉卡拉成立于2005年，于2011年首批获得中国人民银行颁发的《支付业务许可证》，是国内领先 的第三方支付机构，于2019年4月25日登陆深交所。 新闻热线电话：0531-85196566 ...

证券研究报告·行业跟踪周报·非银金融 非银金融行业跟踪周报 业绩高增长或将驱动保险/券商股估值修复 2025 年 10 月 26 日 增持（维持） [Table_Tag] [Table_Summary] 投资要点 证券分析师 孙婷 执业证书：S0600524120001 sunt@dwzq.com.cn 证券分析师 罗宇康 执业证书：S0600525090002 luoyk@dwzq.com.cn 行业走势 -15% -12% -9% -6% -3% 0% 3% 6% 9% 12% 15% 18% 2024/10/28 2025/2/25 2025/6/25 2025/10/23 非银金融 沪深300 相关研究 《权益 ETF 系列：市场开启反攻，继 续聚焦泛科技板块》 2025-10-25 《中国个险渠道三十年——从"人海 战术"到价值驱动的转型升级之路》 2025-10-22 东吴证券研究所 1 / 16 请务必阅读正文之后的免责声明部分 ◼ 非银行金融子行业近期表现：1）最近 5 个交易日（2025 年 10 月 20 日 -2025 年 10 月 24 日）非银金融各子板块均跑输沪深 300 指数。保 ...

近日，多家支付机构重大事项变更许可信息公示，涉及网银在线（北京）支付科技有限公司（以下简 称"网银在线"）、北京海科融通支付服务有限公司（以下简称"海科融通支付"）、北京亚科支付科技有 限责任公司（以下简称"亚科支付"）、拉卡拉支付股份有限公司（以下简称"拉卡拉"）、浙江唯品会支 付服务有限公司（以下简称"唯品支付"）。 经梳理，截至10月24日，中国人民银行官网共披露了70条非银行支付机构重大事项变更许可信息。从 2025年来看，年内以"银许准予决字〔2025〕"为编号的非银行支付机构重大事项变更许可信息为9条。 多家支付机构获批增资 日前，中国人民银行北京市分行公示的非银行支付机构重大事项变更许可信息显示，同意网银在线增加 注册资本至15亿元。 资料显示，网银在线为京东集团全资子公司，于2011年5月3日获得中国人民银行《支付业务许可证》， 获准开展银行卡收单（北京）、互联网支付、移动电话支付、固定电话支付。2014年，网银在线成为首 批获得国家外汇管理局关于"跨境电子商务外汇支付业务"试点许可的企业之一。2024年支付业务类型重 新划分后，该机构业务类型调整为储值账户运营Ⅰ类、支付交易处理Ⅰ类（北京市） ...

10月22日，拉卡拉（300773）支付股份有限公司(300773.SZ，下称"拉卡拉")披露2025年第三季度业绩报 告，第三季度实现营收14.17亿元，单季同比增长0.72%，实现归母净利润1.10亿元，单季同比增长 17.46%。 数据显示，拉卡拉跨境业务增速强劲。今年以来，拉卡拉充分把握中国企业"走出去"和人民币国际化的 趋势，加快全球化布局，新增巴西、墨西哥等美洲国家的本地收款能力。前三季度，拉卡拉跨境支付商 户规模和交易金额同比分别增长了71.91%和77.56%，在数字支付业务板块表现抢眼。 随着人民币国际化叠加入境消费回暖，境内外卡受理成支付机构竞争力重要体现。拉卡拉是境内唯一拥 有全品牌外卡收单业务资质的独立第三方支付机构，其上半年外卡交易覆盖城市数量同比增长近20%， 外卡受理活跃商户较去年同期增长72%，外卡交易金额较去年同期增长2.1倍。 数据还显示，拉卡拉零售SaaS产品同样保持稳健增长，上半年服务超10万家商户，优质客户数量大幅增 长，通过为商户提供高效收银、库存管理及供应链协同等综合服务，进一步优化收入结构，强化科技属 性。同时，公司全面推进AI技术在支付与SaaS体系中的融合应 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Insights - The company reported a revenue of 4.068 billion yuan for the first nine months of 2025, a year-on-year decrease of 7.32%. The net profit attributable to shareholders was 339 million yuan, down 33.90% year-on-year. The net profit excluding non-recurring items was 241 million yuan, a decline of 53.32% year-on-year. In Q3 2025, the company achieved a revenue of 1.418 billion yuan, an increase of 0.72% year-on-year, and a net profit of 110 million yuan, up 17.46% year-on-year [4][11][12] Summary by Sections Financial Performance - For 9M2025, the company’s revenue was 40.68 billion yuan, down 7.32% year-on-year, primarily due to pressure on card payments affecting digital payment revenue. The payment transaction amount was 2.92 trillion yuan, a decrease of 8.29% year-on-year, with card transactions down 13.72% and scan transactions up 3.50% [12] - The net profit attributable to shareholders for 9M2025 was 3.39 billion yuan, down 33.90% year-on-year, while the net profit excluding non-recurring items was 2.41 billion yuan, down 53.32% year-on-year. The Q3 2025 net profit showed a significant increase, mainly due to the consolidation of Tian Cai Shang Long, which boosted technology business revenue and profit [12][14] Business Growth - The company’s cross-border business continued to grow significantly, with transaction amounts and customer numbers increasing by 77.56% and 71.91% year-on-year, respectively. The company has also accelerated its global expansion by actively pursuing overseas licenses and business opportunities [13] - The introduction of AI-integrated services, including the launch of an AI wallet, has positioned the company as a leader in innovation within the industry, with nearly 8 million registered users and 1.5 million monthly active users by the end of September 2025 [13] Future Outlook - The company is expected to benefit from the ongoing recovery in domestic consumption and the high growth of its cross-border business. Projections for net profit attributable to shareholders for 2025-2027 are 407 million, 412 million, and 424 million yuan, reflecting growth rates of 15.9%, 1.2%, and 2.9%, respectively [14]

Core Viewpoint - The diversified financial sector experienced a slight increase of 0.37% on October 23, with Ruida Futures leading the gains. The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index also rose by 0.22% to 13025.45 [1]. Group 1: Market Performance - The diversified financial sector's stocks showed varied performance, with Ruida Futures closing at 23.13, up 6.34%, and Zhejiang Dongfang at 6.31, up 4.30% [1]. - The trading volume for Ruida Futures was 294,400 hands, with a transaction value of 674 million yuan [1]. - Other notable performers included Hongye Futures, which rose by 3.14% to 11.50, and Nanhua Futures, which increased by 2.79% to 21.73 [1]. Group 2: Capital Flow - The diversified financial sector saw a net outflow of 137 million yuan from major funds, while retail investors contributed a net inflow of 152 million yuan [2]. - Major funds showed a significant net inflow in Ruida Futures, amounting to 99.64 million yuan, representing 14.79% of its total trading [3]. - In contrast, Zhejiang Dongfang experienced a net outflow of 18.60 million yuan from major funds, indicating a negative sentiment among institutional investors [3].

Core Viewpoint - Lakala's stock price has experienced fluctuations, with a year-to-date increase of 33.26%, but recent declines over various trading periods indicate potential volatility in investor sentiment [1][2]. Company Overview - Lakala Payment Co., Ltd. is based in Beijing and was established on January 6, 2005, with its IPO on April 25, 2019. The company primarily provides payment services to small and micro enterprises and personal payment services, with 100% of its revenue derived from payment business [1]. Financial Performance - For the period from January to September 2025, Lakala reported a revenue of 4.07 billion yuan, a year-on-year decrease of 7.33%, and a net profit attributable to shareholders of 339 million yuan, down 33.90% year-on-year [2]. - Since its A-share listing, Lakala has distributed a total of 2.615 billion yuan in dividends, with 1.035 billion yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, Lakala had 104,400 shareholders, a decrease of 26.11% from the previous period, with an average of 7,038 circulating shares per shareholder, an increase of 35.37% [2]. - The top ten circulating shareholders include notable entities such as Huabao Zhongzheng Financial Technology Theme ETF and Hong Kong Central Clearing Limited, with significant changes in their holdings [3].

Core Viewpoint - Lakala (300773.SZ) reported a decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved a revenue of 4.068 billion yuan for the first three quarters, representing a year-on-year decrease of 7.32% [1] - The net profit attributable to shareholders was 339 million yuan, down 33.9% year-on-year [1] - The non-recurring net profit was 241 million yuan, reflecting a significant decline of 53.32% compared to the previous year [1] - Basic earnings per share stood at 0.44 yuan [1]

每经AI快讯，有投资者在投资者互动平台提问：请问贵公司持股考拉基金比例多少？另问考拉基金投 资了哪些公司及持股比例？ 拉卡拉（300773.SZ）10月22日在投资者互动平台表示，公司持有北京考拉鲲鹏科技成长基金合伙企业 （有限合伙）29.7%的份额。 （记者 胡玲） ...

拉卡拉10月22日公告，2025年第三季度实现营业收入14.18亿元，同比增长0.72%；归属于上市公司股东 的净利润1.1亿元，同比增长17.46%；基本每股收益0.14元。前三季度实现营业收入40.68亿元，同比下 降7.32%；归属于上市公司股东的净利润3.39亿元，同比下降33.90%；基本每股收益0.44元。 （文章来源：智通财经） ...