Group 1 - Lakala Payment Co., Ltd. has submitted an IPO application to the Hong Kong Stock Exchange, with CITIC Securities International as the exclusive sponsor [1] - As of October 17, 2025, a total of 276 companies have submitted IPO materials to the Hong Kong Stock Exchange, marking a historical high [1]

Core Viewpoint - Lakala Payment Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange [1] Group 1 - The company is seeking to go public through the Hong Kong Stock Exchange [1]

关于 2025 年中期权益分派实施公告 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。 一、股东大会审议通过权益分派方案等情况 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：2025-063 【注：根据先进先出的原则，以投资者证券账户为单位计算持股期限，持股 1 个月（含 1 个月）以内，每 10 股补缴税款 0.400000 元；持股 1 个月以上至 1 年（含 1 年）的，每 10 股补缴税款 0.200000 元；持股超过 1 年的，不需补缴税款。】 公司回购账户共计 58 股，该部分已回购的股份不享有参与本次利润分配的权利。 三、股权登记日与除权除息日 1．拉卡拉支付股份有限公司（以下简称"公司"或"本公司"）2025 年中期权益分派 方案已获 2025 年 9 月 19 日召开的 2025 年第一次临时股东大会审议通过，股东大会决议公 告于 2025 年 9 月 19 日刊登在中国证监会创业板指定信息披露网站。公司 2025 年中期利润 分配方案为：以 788,082,442 股（公司总股本 788,082,500 股扣 ...

Market Overview - The diversified financial sector experienced a decline of 2.68% on October 17, with Hainan Huate leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Stock Performance - Notable gainers included *ST Rindong, which rose by 4.38% to a closing price of 6.91, and Bohai Leasing, which increased by 1.78% to 3.44 [1] - Hainan Huate saw the largest decline, dropping 6.96% to a closing price of 7.09, with a trading volume of 3.57 million shares and a transaction value of 2.50 billion [2] - Other significant decliners included Sichuan Shuangma (-5.82%), State Grid Yingda (-4.77%), and Sinopec Capital (-4.72%) [2] Capital Flow - The diversified financial sector saw a net outflow of 666 million from institutional investors, while retail investors contributed a net inflow of 602 million [2] - The table of capital flow indicates that Bohai Leasing had a net inflow of 85.51 million from institutional investors, while it faced a net outflow of 21.25 million from speculative funds [3] - The overall trend shows a mixed capital flow, with institutional investors withdrawing while retail investors remained active in the market [3]

10月17日，拉卡拉跌2.78%，截至发稿，报23.08元/股，成交4.78亿元，换手率2.76%，总市值181.89亿 元。拉卡拉股价已经连续3天下跌，区间累计跌幅5.29%。 资料显示，拉卡拉支付股份有限公司位于北京市海淀区北清路中关村壹号D1座6层606，成立日期2005 年1月6日，上市日期2019年4月25日，公司主营业务涉及为实体小微企业提供收单服务和为个人用户提 供个人支付服务,此外拉卡拉还以积累的丰富第三方支付运营经验,向客户提供第三方支付增值服务。主 营业务收入构成为：支付业务100.00%。 从基金十大重仓股角度 数据显示，国寿安保基金旗下1只基金重仓拉卡拉。国寿安保创精选88ETF（159804）二季度持有股数 8.72万股，占基金净值比例为2.25%，位居第二大重仓股。根据测算，今日浮亏损失约5.76万元。连续3 天下跌期间浮亏损失11.25万元。 国寿安保创精选88ETF（159804）成立日期2020年3月4日，最新规模1.3亿。今年以来收益22.71%，同 类排名2359/4218；近一年收益25.56%，同类排名2287/3865；成立以来收益39.03%。 国寿安保创精选88 ...

近期，中国人民银行更新非银行支付机构重大事项变更许可信息，同意拉卡拉支付股份有限公司 （300773.SZ，以下简称"拉卡拉"）注册资本由78808.25万元减至77666.4942万元。 按照拉卡拉今年4月发布的公告显示，鉴于公司第二期限制性股票激励计划第二个解除限售期公司层面 业绩考核未达成，根据《上市公司股权激励管理办法》等有关规定，公司拟相应回购注销197名激励对 象已获授但尚未解除限售的限制性股票共计1141.75万股。同时拟同步注销回购专用账户剩余的58股股 份。上述股份注销并相应减少注册资本后，公司注册资本由人民币78808.25万元减至77666.4942万元。 《中国经营报》记者注意到，此次已经是一年时间内拉卡拉第二次进行注销式回购。去年2024年12月， 中国人民银行同意拉卡拉的注册资本从80002万元减少至78808.25万元，彼时拉卡拉就曾注销股票共计 1193.75 万股，加上此次预计将再次注销的股票1141.75万股，两年来共注销股票预计将达到2335.5万 股，占注销前总股本的比例为2.92%。 注销式回购，是上市公司以减少注册资本为目的回购股份并注销的行为。 业内共识在于，上市 ...

Core Viewpoint - Lakala's stock price has experienced fluctuations, with a year-to-date increase of 32.91% but a recent decline of 3.88% over the last five trading days, indicating potential volatility in investor sentiment [1]. Financial Performance - For the first half of 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% compared to the previous 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 Lakala's shareholders reached 141,200, an increase of 114.48% from the previous period, while the average number of circulating shares per person decreased by 53.37% to 5,199 shares [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 5.6398 million shares, an increase of 523,800 shares from the previous period [3].

Core Insights - The payment industry is undergoing significant changes with increased capital injections and frequent executive changes, indicating a shift towards compliance and governance [1][2][3] Group 1: Capital Increases - Several payment institutions, including YS Payment and Vipshop Payment, have received approval for capital increases, with YS Payment's registered capital rising to 310 million RMB and Vipshop Payment to 200 million RMB [1] - The trend of capital increases is part of a broader movement among payment institutions to strengthen their capital base in response to regulatory requirements and to prepare for future business expansions, particularly in high-compliance areas like cross-border payments and supply chain finance [3] Group 2: Executive Changes - There has been a notable turnover in executive positions across various payment institutions, including changes in directors and financial officers, reflecting a need for improved governance structures [1][2] - The regulatory environment, particularly the implementation of the Non-Bank Payment Institution Supervision Regulations, has heightened the requirements for executive qualifications, emphasizing the need for compliance and professional expertise [2][3] Group 3: Industry Trends - The payment industry is transitioning from a phase of rapid expansion to one focused on compliance and quality development, with a clear emphasis on governance optimization [3] - The recent cancellation of payment licenses for institutions like Fujian Yikatong highlights the ongoing consolidation in the industry, where weaker players are being eliminated due to operational challenges and regulatory pressures [3] Group 4: Strategic Focus - Payment institutions are encouraged to prioritize compliance while enhancing their technological capabilities to deliver innovative and high-quality payment products and services to merchants and consumers [4]

Market Overview - The diversified financial sector experienced a decline of 0.24% on October 15, with Zhongyou Capital leading the drop [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance - Notable gainers in the diversified financial sector included: - *ST Nengmao (600599): Closed at 8.15, up 5.03% with a trading volume of 17,700 and a turnover of over 14.30 million [1] - Nanhua Futures (603093): Closed at 21.18, up 2.92% with a trading volume of 76,100 and a turnover of 159 million [1] - Yimingqi (001236): Closed at 11.13, up 2.02% with a trading volume of 111,500 and a turnover of 123 million [1] - Decliners included: - Zhongyou Capital (000617): Closed at 11.55, down 2.20% with a trading volume of 3,096,700 [2] - Electric Investment (000958): Closed at 6.46, down 0.46% with a trading volume of 325,400 [2] - Jiangsu Jinzu (600901): Closed at 5.78, down 0.34% with a trading volume of 401,900 [2] Capital Flow - The diversified financial sector saw a net outflow of 672 million from institutional investors, while retail investors contributed a net inflow of 531 million [2] - The sector's capital flow indicated that: - Nanhua Futures (603093) had a net inflow of 10.95 million from institutional investors [3] - *ST Nengmao (600599) experienced a significant net inflow of 4.92 million from institutional investors [3] - Retail investors showed a net inflow of 105.70 million into Zhangye Futures (001236) [3]

（文章来源：证券日报） 证券日报网讯 10月14日晚间，拉卡拉发布公告称，公司于2025年10月13日收到中国人民银行北京市分 行下发的《准予行政许可决定书》，同意孙宇丹先生担任公司董事。孙宇丹先生担任职工代表董事及审 计委员会委员的任期均自2025年10月11日（即央行核准其任职资格之日）起计算，至本公司第四届董事 会任期届满之日止。孙宇丹先生担任董事后，公司董事会中兼任公司高级管理人员以及由职工代表担任 的董事人数总计不超过公司董事总数的二分之一。 ...