Core Viewpoint - The recent updates from the People's Bank of China regarding Lakala's capital reduction and stock cancellation reflect the company's commitment to shareholder returns through consistent dividends and share buybacks, supported by strong financial performance and strategic initiatives [1][2]. Group 1: Capital Changes and Share Buybacks - Lakala has reduced its registered capital from 788.08 million yuan to 776.66 million yuan, with plans to cancel 11.42 million shares [1]. - The company has conducted two share buybacks in the secondary market, repurchasing 20.16 million shares for 600 million yuan in 2021 and 3.19 million shares for 57.58 million yuan in 2023 [1]. - Over the past two years, Lakala is expected to have canceled a total of 23.36 million shares, representing 2.92% of the total shares before cancellation [1]. Group 2: Dividend Policy and Financial Performance - Since its listing in 2019, Lakala has maintained a shareholder-oriented dividend policy, distributing a total of approximately 2.458 billion yuan in dividends, with high cash dividend to net profit ratios [1][2]. - In the first half of 2025, Lakala reported revenue of 2.651 billion yuan and a net profit of 229 million yuan, with significant growth in cross-border payment transaction volume and customer numbers, increasing by 73.5% and 70.4% respectively [2]. Group 3: Strategic Focus and Future Plans - Lakala is focusing on digital payment, industry digitalization, and international development, aiming to enhance business efficiency through AI and digital innovation [3]. - The company has strategically invested in leading domestic restaurant SaaS provider Tian Cai Shang Long, positioning itself as a key player in the restaurant digital service sector [2][3]. - Lakala's retail SaaS products have served over 100,000 merchants, indicating a substantial increase in quality customer numbers [2].

拉卡拉支付股份有限公司（以下简称"公司"）于 2025 年 8 月 8 日召开 2025 年第一次 职工代表大会，选举孙宇丹先生担任公司第四届董事会职工代表董事。同时，公司于 2025 年 8 月 8 日召开第四届董事会第七次会议，审议通过《关于调整公司董事会专门委员会组成 人员的议案》，同意孙宇丹先生担任公司第四届董事会审计委员会委员。 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。 孙 宇 丹 先 生 的 简 历 详 见 本 公 司 于 2025 年 8 月 8 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn/）披露的《关于选举产生第四届董事会职工代表董事的公告》 （公告编号：2025-048）。 证券代码：300773 ...

业内普遍认为，不间断的稳健高分红不仅展示了企业良好的盈利能力和财务状况，有助于提升企业在市 场中的形象和声誉；另一方面，对投资者而言可以获得稳定的收益回报，增强其对企业的信心和投资积 极性。 10月11日，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（300773）支付股份 有限公司注册资本由788,082,500.00元减至776,664,942.00元。按照拉卡拉之前发布的公告，预计随后拉 卡拉将注销相应股票1141.75万股。 据悉，此前拉卡拉通过二级市场实施了两次股份回购，2021年使用6亿元自有资金回购股份2016.49万 股；2023年使用5758万元自有资金回购股份319万股。去年拉卡拉就曾注销股票共计1,193.75万股，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%。 对于普通投资者而言，公司大手笔回购股份注销能够直接提升投资者持有的股票价值。另一方面，也是 在传递管理层对公司长期增长潜力的信心。 自2019年上市以来，拉卡拉始终坚持以股东回报为导向的分红政策。在2020年、2021年、202 ...

Core Viewpoint - The recent capital reduction by Lakala Payment Co., Ltd. reflects ongoing adjustments in its capital structure, with implications for shareholder control and potential concerns regarding corporate governance stability [1][4]. Group 1: Capital Reduction Details - Lakala's registered capital has been reduced from 788.0825 million yuan to 776.664942 million yuan, with Lenovo Holdings increasing its shareholding from 23.54% to 23.88% [1][2]. - This marks the second capital reduction within a year, following a previous reduction from 800 million yuan to 788.0825 million yuan in December 2024 [2][3]. - The adjustments are part of a broader strategy to optimize the company's capital structure, including the repurchase and cancellation of restricted shares [3]. Group 2: Financial Performance and Market Reaction - For the first half of 2025, Lakala reported a revenue decline of 11.1% year-on-year to 2.651 billion yuan and a net profit drop of 45.33% to 229 million yuan [4]. - The total payment transaction amount also decreased by 9.2% year-on-year, indicating challenges in the payment processing market [4]. - On October 13, Lakala's stock price fell to a low of 23.02 yuan, marking a new low since June 4, 2025, and closing at 24.02 yuan with a daily decline of 0.74% [4]. Group 3: Governance and Compliance Issues - The frequent capital changes may signal instability in corporate governance, raising concerns about the company's ability to meet performance targets [4][5]. - Lakala's compliance issues were highlighted by a recent fine of 250,000 yuan for violations related to transaction management, indicating potential weaknesses in internal controls [5]. - Analysts suggest that the company needs to address systemic governance deficiencies and rebuild its risk control culture to regain market confidence [5].

Core Viewpoint - Recent regulatory penalties imposed on five payment institutions highlight compliance issues within the industry, particularly regarding pre-paid card management, account management, and clearing management [1][2][3]. Group 1: Regulatory Penalties - Five payment institutions received fines for various violations, including Midea Payment, Lakala, Tianjin City Card, Zhifu Payment, and Nanjing Citizen Card [1][2]. - Midea Payment was fined 2.81 million yuan for violating account and clearing management regulations, while other institutions faced smaller fines ranging from 30,000 yuan to 850,000 yuan [2][3]. - The penalties reflect a trend of increasing regulatory scrutiny and a shift from post-event punishment to comprehensive oversight of the payment process [3][4]. Group 2: Compliance Management - The payment industry is experiencing a strong regulatory environment, with over 70 fines issued this year alone, covering areas such as anti-money laundering and merchant management [4][5]. - Experts suggest that compliance management will be a key focus, particularly in account and clearing management, as well as the authenticity and traceability of transaction information [5]. - The regulatory approach is evolving to emphasize prevention and control, indicating a move towards higher quality development within the payment sector [4][5].

10月9日，中国人民银行江苏省分行公示行政处罚决定信息。 其中，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，被没收违法所得61423.7元，罚 款25万元。 银行卡收单业务，是指收单机构与特约商户签订银行卡受理协议，在特约商户按约定受理银行卡并与持 卡人达成交易后，为特约商户提供交易资金结算服务的行为。 中国人民银行天津市分行也于10月9日公布一条处罚决定信息，其中显示，天津城市一卡通支付有限公 司同样因违反预付卡业务管理规定被罚款3万元。 本文系观察者网独家稿件，未经授权，不得转载。 此外，南京市市民卡支付有限公司因违反预付卡业务管理规定，被警告、通报批评，并处罚款8.5万 元。 预付卡又称单用途预付卡，是指从事零售业、住宿和餐饮业、居民服务业的企业法人在中华人民共和国 境内发行的，仅限于在本企业或本企业所属集团或同一品牌特许经营体系内兑付货物或服务的预付凭 证，包括以磁条卡、芯片卡、纸券等为载体的实体卡和以密码、串码、图形、生物特征信息等为载体的 虚拟卡。 企查查显示，拉卡拉支付股份有限公司江苏分公司成立于2010年2月2日，负责人为陈飞，所属行业为商 务服务业。总公司是拉卡拉支付股份有限公司 ...

Group 1 - The People's Bank of China has updated the major event change permission information for non-bank payment institutions, approving the reduction of Lakala Payment Co., Ltd.'s registered capital from 788,082,500.00 yuan to 776,664,942.00 yuan [1] - The major shareholder, Legend Holdings Corporation, increased its shareholding ratio from 23.54% to 23.88% [1]

| 序号 | 当事人名称 | 行政处罚 | 违法行为类型 | 行 | | --- | --- | --- | --- | --- | | | 姓名、职务) | 决定书文号 | | | | 4 | 拉卡拉支付股份 有限公司江苏分 | 苏银罚决字 (2025) 24 号 | 违反收单业务管理规定 | 没收违 元 | | | 公司 | | | | 截图：中国人民银行江苏省分行官网 凤凰网财经讯 10月9日，据中国人民银行江苏省分行官网消息显示，拉卡拉支付江苏分公司因违反收单业务管理规定，被罚没合计31.14万元。其中，没收违 法所得61423.7元，罚款25万元。 ...

Group 1 - The People's Bank of China, Jiangsu Branch, has imposed penalties on Lakala Payment Co., Ltd. Jiangsu Branch for violating regulations related to acquiring business [2] - The company was ordered to forfeit illegal gains amounting to 61,423.7 yuan and was fined 250,000 yuan [2]

Group 1 - The People's Bank of China, Jiangsu Branch, imposed penalties on Lakala Payment Co., Ltd. Jiangsu Branch for violating acquiring business management regulations [1] - The company was fined a total of 250,000 yuan and had illegal gains of 61,423.7 yuan confiscated [1]