Summary of Key Points Core Viewpoint - Lakala has seen significant trading activity on September 16, with a total of 3 block trades amounting to 3.1 million shares and a total transaction value of 63.92 million yuan, indicating strong institutional interest despite a discount relative to the closing price [2][3]. Trading Activity - The total transaction volume for the block trades was 3.1 million shares, with a total value of 63.92 million yuan [2]. - The transaction price for all trades was 20.62 yuan, which represents a discount of 21.72% compared to the closing price of 26.34 yuan on the same day [2][3]. - Institutional trading desks participated in 2 of the trades, with a total transaction value of 57.736 million yuan and a net purchase of 57.736 million yuan [2]. Recent Performance - Over the past three months, Lakala has recorded a total of 86 block trades, with a cumulative transaction value of 503 million yuan [2]. - On the same day, Lakala's stock closed at 26.34 yuan, reflecting a 2.17% increase, with a trading turnover rate of 4.78% and a total trading volume of 918 million yuan [2]. - The net inflow of main funds for the day was 81.97 million yuan, and over the past five days, the stock has increased by 3.33% with a total net inflow of 18.29 million yuan [2]. Financing Data - The latest margin financing balance for Lakala is 1.235 billion yuan, which has decreased by 26.88 million yuan over the past five days, representing a decline of 2.13% [3]. - Lakala Payment Co., Ltd. was established on January 6, 2005, with a registered capital of 788.0825 million yuan [3].

证券代码：300773 证券简称：拉卡拉 公告编号：2025-058 拉卡拉支付股份有限公司 关于召开 2025 年第一次临时股东大会的提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 拉卡拉支付股份有限公司（以下称"拉卡拉"或"公司"）于 2025 年 8 月 29 日在巨潮资讯网（http://www.cninfo.com.cn）刊登了《关于召开 2025 年第一次 临时股东大会的通知》（公告编号：2025-056）。公司定于 2025 年 9 月 19 日以 现场投票与网络投票相结合的方式召开 2025 年第一次临时股东大会。 因本次股东大会所审议的议案中含有互为前提的议案，为进一步保护投资者 的合法权益， 方便本公司股东行使股东大会表决权， 完善本次股东大会的表决机 制，现公布关于召开 2025 年第一次临时股东大会的提示性公告，具体内容如下： 一、召开会议基本情况 1、召集人：公司董事会 2、会议召开的合法、合规性：公司第四届董事会第八次会议审议通过了《关 于提请召开 2025 年第一次临时股东大会的议案》，本次会议召开符合有关法律、 行政 ...

Core Viewpoint - Lakala's stock has shown significant fluctuations, with a year-to-date increase of 50.40% and a recent decline over the past 20 and 60 days [1][2] Group 1: Stock Performance - On September 16, Lakala's stock rose by 2.09%, reaching 26.32 CNY per share, with a trading volume of 275 million CNY and a turnover rate of 1.44%, resulting in a total market capitalization of 20.742 billion CNY [1] - Year-to-date, Lakala's stock price has increased by 50.40%, with a 3.26% rise in the last five trading days, but a decline of 13.02% over the last 20 days and 13.14% over the last 60 days [1] Group 2: Financial Performance - For the first half of 2025, Lakala reported operating revenue of 2.652 billion CNY, a year-on-year decrease of 11.12%, and a net profit attributable to shareholders of 229 million CNY, down 45.33% year-on-year [2] - Since its A-share listing, Lakala has distributed a total of 2.458 billion CNY in dividends, with 878 million CNY distributed over the past three years [3] Group 3: Shareholder Information - As of June 30, 2025, Lakala had 141,200 shareholders, an increase of 114.48% from the previous period, with an average of 5,199 circulating shares per shareholder, a decrease of 53.37% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, both of which have increased their holdings compared to the previous period [3]

Core Viewpoint - Lakala has experienced a significant decline in revenue and profit, with major shareholders, including Sun Haoran, completing their share reduction plans, indicating potential challenges for the company moving forward [1][2][3]. Financial Performance - In the first half of the year, Lakala reported revenue of 2.65 billion yuan, a year-on-year decrease of 11% [1]. - The net profit attributable to shareholders was 230 million yuan, down 45% year-on-year, while the net profit after deducting non-recurring items decreased by 65% [1]. - The decline in revenue is attributed to the overall impact on the bank card acquiring market, with total payment transaction amounts decreasing by 9.2% year-on-year [1][4]. Shareholder Activity - Sun Haoran, the third-largest shareholder, has completed a share reduction of 2.45%, cashing out approximately 493 million yuan [1][2]. - Following the reduction, Sun Haoran no longer holds any shares in Lakala [2]. - Lenovo Holdings, the largest shareholder, has also announced plans to reduce its holdings through similar methods [3]. Business Segments - Lakala's main business segments include digital payment services and technology services [4]. - Digital payment services generated revenue of 2.36 billion yuan, a year-on-year decline of 10.3%, primarily due to the overall market impact [4]. - Cross-border payment transactions increased by 73.5% year-on-year, with a total transaction amount of 37.1 billion yuan [5]. Market Expansion - Lakala has expanded its cross-border payment capabilities, adding local currency collection capabilities in Brazil and Mexico, in addition to Southeast Asia and Africa [5]. - The company served over 160,000 clients, a year-on-year increase of 70.4% [5].

Core Viewpoint - Lakala Payment Co., Ltd. has completed the share reduction plan of its shareholder Sun Haoran, who has sold a total of 19.27 million shares, accounting for 2.45% of the company's total share capital after excluding repurchased shares, and now holds no shares in the company [2][5][6]. Financial Performance - In the first half of 2025, Lakala reported a significant decline in performance, with total revenue of 2.65 billion yuan, a year-on-year decrease of 11.1%, and a net profit attributable to shareholders of 229 million yuan, down 45.3% year-on-year [4][11][12]. - The company's core businesses, digital payment and technology services, both experienced declines, with digital payment revenue falling by 10.3% to 2.36 billion yuan and technology service revenue decreasing by 17.5% to 140 million yuan [14]. Shareholder Actions - Sun Haoran's share reduction included selling 7.88 million shares through centralized bidding at an average price of 28.7 yuan per share and 11.39 million shares through block trading at an average price of 23.4 yuan per share, resulting in total cash proceeds of approximately 493 million yuan [5][6]. - Other major shareholders, such as Legend Holdings, have also announced plans to reduce their holdings, indicating a broader trend of shareholder exits from Lakala [6][9]. Market Context - The overall market for bank card acquiring has been negatively impacted, with a 9.2% year-on-year decline in total payment transaction amounts, which has contributed to Lakala's revenue drop [11][14]. - The tightening regulation in the third-party payment industry and the diminishing profit margins have led to increased pressure on leading institutions like Lakala, highlighting the urgent need for business adjustments to stabilize operations and rebuild shareholder trust [14].

Core Viewpoint - Lakala's stock price has experienced fluctuations, with a year-to-date increase of 45.37% but a recent decline of 5.64% over the past five trading days [1] Company Overview - Lakala Payment Co., Ltd. is based in Haidian District, Beijing, and was established on January 6, 2005, with its listing date on April 25, 2019 [1] - The company primarily provides acquiring services for small and micro enterprises and personal payment services, along with value-added services based on its extensive third-party payment operation experience [1] - The revenue composition of Lakala is as follows: payment business 89.70%, other services 5.39%, and technology services 4.91% [1] Financial Performance - As of June 30, 2025, Lakala reported a revenue of 2.652 billion yuan, a year-on-year decrease of 11.12%, and a net profit attributable to shareholders of 229 million yuan, down 45.33% year-on-year [2] - Since its A-share listing, Lakala has distributed a total of 2.458 billion yuan in dividends, with 878 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders increased to 141,200, a rise of 114.48%, while the average circulating shares per person decreased by 53.37% to 5,199 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable increases in holdings [3]

Group 1 - The company, Lakala, reported that as of June 30, 2025, it will have 141,234 shareholders [2]

Group 1 - The company, Lakala, responded to investor inquiries on September 4, indicating that the latest number of shareholders can be found in the company's disclosed 2025 semi-annual report [2]

Core Viewpoint - Lakala's comprehensive payment solutions cover various scenarios including online and offline B2C payments, B2B payments, cross-border payments, and foreign card payments, indicating a strong market position and diverse service offerings [2] Group 1 - The company leads in payment transaction amounts for bank cards, QR codes, and cross-border payments, showcasing its competitive edge in the industry [2] - Lakala possesses advantages in scale, brand recognition, service network, licensing qualifications, and institutional partnerships, which contribute to its market leadership [2]

Market Overview - The diversified financial sector experienced a decline of 4.03% on September 3, with Zhongyou Capital leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Individual Stock Performance - Zhongyou Capital (000617) closed at 10.89, down 7.40% with a trading volume of 3.8771 million shares and a transaction value of 4.308 billion [1] - Lakala (300773) closed at 25.42, down 5.71% with a trading volume of 426,100 shares and a transaction value of 1.114 billion [1] - ST Nengmao (6650009) closed at 8.58, down 4.98% with a trading volume of 52,000 shares and a transaction value of 45.5848 million [1] - Huajin Capital (000532) closed at 14.70, down 4.73% with a trading volume of 115,200 shares and a transaction value of 173 million [1] - New Power Financial (600318) closed at 10.22, down 4.66% with a trading volume of 418,200 shares and a transaction value of 434 million [1] Capital Flow Analysis - The diversified financial sector saw a net outflow of 1.32 billion from institutional investors, while retail investors had a net inflow of 1.265 billion [1] - The table of capital flow indicates varying levels of net inflow and outflow among individual stocks, with some stocks like ST Xiongmao and ST Rindong experiencing significant outflows from institutional investors [2]