证券代码：300773 证券简称：拉卡拉 公告编号：2025-074 拉卡拉支付股份有限公司 关于转让部分子公司100%股权暨关联交易的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、交易首次披露情况 根据公司的战略规划和经营发展需要，为进一步优化公司资产结构、聚焦核心业务， 公司于2025年8月8日召开第四届董事会第七次会议并作出决议，通过《关于转让部分全 资子公司100%股权暨关联交易的议案》，同意公司分别将所持广州拉卡拉普惠融资担保 有限责任公司（目前已更名为广州拉卡拉普惠信息服务有限公司，以下简称"普惠信 息"）的100%股权、广州润信商业保理有限责任公司（以下简称"润信保理"）的100% 股权转让给广州众赢维融智能科技有限公司（以下简称"广州众赢维融"）；将所持西 藏弘诚科技发展有限公司（以下简称"西藏弘诚"）的100%股权转让给西藏考拉金科网 络科技服务有限公司（以下简称"考拉金科"）（以下统称"本次交易"）。公司关联 自然人孙陶然先生、李蓬先生同时担任考拉金科董事，考拉金科持有广州众赢维融100% 股权，故考拉金科与广州众赢维融属于 ...

证券代码：300773 证券简称：拉卡拉 公告编号：2025-073 拉卡拉支付股份有限公司 关于召开 2025 年第二次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 一、召开会议的基本情况 1、股东会届次：2025 年第二次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所创业板股 票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运 作》等法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 12 月 24 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 12 月 24 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投 票的具体时间为 2025 年 12 月 24 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2025 ...

拉卡拉支付股份有限公司 证券代码：300773 证券简称：拉卡拉 公告编号：2025-070 拉卡拉支付股份有限公司（以下简称"公司"）于 2025 年 12 月 5 日以邮件 方式发出第四届董事会第十二次会议通知，经全体董事确认，一致同意 2025 年 12 月 8 日公司以通讯方式召开会议。会议由董事长孙陶然先生主持。会议应出 席的董事 8 人，实际出席会议的董事 8 人。会议的召集和召开程序符合《中华人 民共和国公司法》（以下简称"《公司法》"）和《拉卡拉支付股份有限公司章 程》（以下简称"《公司章程》"）等的规定。 二、董事会会议审议情况 与会董事认真审议并通过了如下议案，并决议如下： （一）逐项审议通过《关于转让部分全资子公司 100%股权暨关联交易的议 案》 根据公司的战略规划和经营发展需要，为进一步优化公司资产结构、聚焦核 心业务，公司于 2025 年 8 月 8 日召开第四届董事会第七次会议并作出决议，通 过《关于转让部分全资子公司 100%股权暨关联交易的议案》，同意公司分别将 所持广州拉卡拉普惠融资担保有限责任公司（已更名为广州拉卡拉普惠信息服务 有限公司，以下简称"普惠信息"）的 100 ...

Market Performance - The diversified financial sector increased by 1.01% on December 8, with Ruida Futures leading the gains [1] - The Shanghai Composite Index closed at 3924.08, up 0.54%, while the Shenzhen Component Index closed at 13329.99, up 1.39% [1] Individual Stock Performance - Ruida Futures (002961) closed at 29.38, up 10.00% with a trading volume of 67,600 shares and a transaction value of 266.6 million [1] - Yong'an Futures (600927) closed at 15.63, up 4.97% with a trading volume of 221,500 shares and a transaction value of 345 million [1] - Other notable performers include 弘业期货 (001236) up 4.51%, *ST仁东 (002647) up 3.16%, and 南华期货 (603093) up 3.06% [1] Capital Flow Analysis - The diversified financial sector experienced a net outflow of 75.3968 million from institutional investors, while retail investors saw a net inflow of 100 million [2] - The capital flow data indicates that retail investors are increasingly active in the market despite the overall net outflow from major funds [2] Detailed Capital Flow for Selected Stocks - Zhonghai Capital (000617) had a net inflow of 51.8342 million from institutional investors, while retail investors had a net outflow of 47.0365 million [3] - Hainan Huatie (603300) saw a net inflow of 44.7164 million from institutional investors, with retail investors experiencing a net outflow of 27.2872 million [3] - Other stocks like 永安期货 (600927) and 瑞达期货 (002961) also showed mixed capital flows, with institutional inflows and retail outflows [3]

Core Viewpoint - The first Beijing Korean Performing Arts Festival will feature significant performances by Korean vocalists on December 11-12, showcasing operas "Winterreise" and "La Calas" at the Korean Cultural Center in China [2] Performance Preview - Opera "Winterreise" will be performed on December 11, 2025, from 19:00 to 20:30 at the Korean Cultural Center in China, requiring prior reservation for free admission [2] - Opera "La Calas" will be performed on December 12, 2025, from 19:00 to 20:30 at the same venue, also requiring prior reservation for free admission [2]

上市支付机构或其母公司近期先后晒出三季度成绩单。 从已披露的业绩看，微信支付等头部钱包类机构伴随着三季度国内非银支付行业网络支付业务增长，利 润恢复较高增长；而主营范围在国内的收单机构，相较自身过往周期，业绩表现难言乐观，其中拉卡 拉、嘉联支付母公司新国都前三季度营收和净利润同比双降。 在国内支付市场费率"内卷"、竞争愈发激烈的背景下，跨境支付业务成为多数支付机构的业绩增长引 擎，业务增速和营业收入贡献度持续提升。在港股上市的移卡三季度海外支付交易量（GPV）超越去年 全年，拉卡拉前三季度跨境支付商户规模和交易金额同比分别增长71.91%和77.56%，义支付（义乌跨 境支付系统）跨境支付业务交易额同比增长超35%…… "支付机构加码海外布局，是国内业务增长乏力下的必然选择，且已有明确的高增长数据印证其战略价 值，不过也需直面多重现实挑战。"在受访行业专家看来，虽然增长数据很高，但由于基数太低，很多 机构实际上已经错过了最佳市场扩展的机会，新兴市场体量不足以支撑这类机构像以前一样规模化扩 展，而且扩张的难度和成本也比之前大很多。 业绩分化显著 三季度，支付机构业绩延续了分化态势，头部钱包类机构利润恢复较高增长 ...

Market Performance - The diversified financial sector increased by 1.62% on December 5, with Ruida Futures leading the gains [1] - The Shanghai Composite Index closed at 3902.81, up 0.7%, while the Shenzhen Component Index closed at 13147.68, up 1.08% [1] Stock Performance - Ruida Futures (002961) closed at 26.71, up 10.01%, with a trading volume of 280,800 shares and a transaction value of 705 million yuan [1] - Sichuan Shuangma (000935) closed at 23.89, up 6.46%, with a trading volume of 188,400 shares and a transaction value of 441 million yuan [1] - Lakala (300773) closed at 21.73, up 3.48%, with a trading volume of 227,100 shares and a transaction value of 489 million yuan [1] - Yong'an Futures (600927) closed at 14.89, up 3.47%, with a trading volume of 97,000 shares and a transaction value of 14.3 million yuan [1] Capital Flow - The diversified financial sector saw a net inflow of 398 million yuan from main funds, while retail investors experienced a net outflow of 174 million yuan [2] - The main funds' net inflow for Ruida Futures was 83.54 million yuan, accounting for 11.85% of its total [3] - Sichuan Shuangma had a main fund net inflow of 47.27 million yuan, representing 10.72% of its total [3]

Core Viewpoint - The financial sector experienced a significant rally on December 5, with multi-financial, insurance, and securities sectors collectively rising, indicating positive market sentiment and potential investment opportunities in these areas [1]. Multi-Financial Sector - Ruida Futures surged by 10.01% to a price of 26.71, while Nanhua Futures, Yong'an Futures, and Lakala also saw notable increases [2]. - The multi-financial sector showed strong performance with Ruida Futures leading the gains, reflecting investor confidence in futures trading [1][2]. Insurance Sector - The insurance stocks collectively rose, with China Pacific Insurance increasing by 6.16% to 37.37, and both China Ping An and China Life Insurance rising over 4% [3]. - This upward trend in insurance stocks suggests a robust outlook for the insurance industry, potentially driven by favorable market conditions [1][3]. Securities Sector - Zhongyin Securities experienced a significant increase of 9.55% to 13.88, with other securities firms like Xiangcai Shares and Dongfang Fortune also showing positive movements [4]. - The strong performance of securities stocks indicates a bullish sentiment in the brokerage sector, which may attract further investments [1][4].

Core Insights - The People's Bank of China reported significant growth in digital payment transactions in Q3, indicating a recovery in consumer spending and a shift in payment habits [1][3] Group 1: Non-Cash Payment Statistics - In Q3, banks processed 1,685.08 billion non-cash payment transactions amounting to 150.34 trillion yuan, while in the same period of 2024, the figures were 1,545.16 billion transactions and 132.24 trillion yuan, showing a substantial increase compared to Q2 [3] - Electronic payment transactions reached 775.54 billion, totaling 82.30 trillion yuan, with online payments at 181.4 billion transactions (67.80 trillion yuan) and mobile payments at 556.94 billion transactions (12.99 trillion yuan) [3] Group 2: Trends in Payment Methods - The increase in transaction amounts, despite a slight decline in transaction numbers, suggests a recovery in third-party payment transactions, particularly in large online payments, indicating a shift towards higher-value transactions [4] - Analysts noted that consumers are increasingly opting for larger purchases or accumulating high-frequency small payments, reflecting an upgrade in consumption structure and a growing demand for high-quality goods and services [4][5] Group 3: Market Dynamics - The market is transitioning from a focus on transaction volume to transaction value, with payment institutions prioritizing the enhancement of each transaction's worth rather than merely increasing transaction counts [5] - Companies like Tencent and Lakala reported growth in commercial payment amounts, driven by strong online payment growth and improved trends in offline payments, particularly in retail and transportation sectors [5] Group 4: Challenges in Traditional Payment Methods - Despite the growth in QR code transactions, traditional card transaction volumes are declining, with Lakala reporting a 13.72% drop in card transaction amounts [6] - Regulatory measures targeting illegal practices in card transactions have led to a contraction in traditional payment models, while increased competition in the domestic market is squeezing profit margins [6] - Future trends indicate that QR code payments will dominate the small payment market, especially among small and micro merchants, while card payment processing will continue to face pressure [6]

Core Insights - The payment industry is experiencing a mixed performance, with some companies achieving revenue growth through diversified strategies while others face pressure from declining transaction volumes in card acquiring business [1][2][3] - The implementation of the 259 Document by the People's Bank of China is impacting transaction volumes, particularly in card acquiring, leading to a strategic shift towards cross-border payment services [1][5] Financial Performance - Haike Rongtong's parent company, Cuiwei Co., achieved a revenue of 1.71 billion yuan, a year-on-year increase of 0.86%, but reported a net loss of 311 million yuan [2] - Guotong Xingyi's parent company, Newland, reported a revenue of 6.244 billion yuan, a 12.04% increase, with a net profit of 937 million yuan, up 14.03% [2] - Lakala reported a revenue of 4.068 billion yuan, a decline of 7.32%, and a net profit of 339 million yuan, down 33.90% [3][4] Impact of Regulatory Changes - The 259 Document restricts card acquiring operations, leading to a decrease in transaction volumes and impacting revenue for many payment institutions [5] - The regulation aims to eliminate illegal practices in card acquiring, which has resulted in a contraction of transaction volumes across the industry [5] Growth in Cross-Border Payments - Cross-border payment services are emerging as a significant growth area for payment institutions, with companies like Lakala reporting a cross-border payment volume of 60.2 billion yuan, a year-on-year increase of 71.91% [6] - Newland's overseas payment device revenue grew over 26%, and the company is expanding its cross-border payment operations [6] - Companies are increasingly focusing on global market expansion, with Newland planning to issue H-shares to enhance its international strategy [6] Market Trends - The global payment market is projected to grow significantly, with offline payment volumes expected to exceed 42.6 trillion USD by 2027, indicating a robust demand for cross-border payment solutions [7] - The demand for localized payment solutions is rising as Chinese companies expand overseas, with significant growth in cross-border payment transaction volumes reported by various companies [8]