证券代码：300773 证券简称：拉卡拉 拉卡拉支付股份有限公司投资者关系活动记录表 编号：20220510001 | --- | --- | --- | --- | --- | --- | --- | |------------|--------------|------------------------------------------|------------------|-------|------------------------------------------------------------------|---------------------| | | | | | | | | | | | 特定对象调研□分析师会议 | | | | | | | | 媒体采访□业绩说明会 | | | | | | 投资者关系 | | □新闻发布会 路演活动 | | | | | | 活动类别 | | □现场参观 | | | | | | | | □其他（请问文字说明其他活动内容） | | | | | | | | | | | | | | | | 国泰君安证券股份有限公司 | | | | | | | | 东证资 ...

证券代码：300773 证券简称：拉卡拉 拉卡拉支付股份有限公司投资者关系活动记录表 编号：20220526001 | --- | --- | --- | --- | --- | |------------|-------------------------------------------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | | | 特定对象调研□分析师会议 | | | | | 投资者关系 | 媒体采访□业绩说明会 □新闻发布会 路演活动 | | | | | 活动类别 | □现场参观 | | | | | | | | | | | | | | | | | | | | □其他（请问文字说 ...

Revenue and Profitability - Total revenue for Q3 2022 was ¥1,344,536,696.85, a decrease of 18.21% compared to the same period last year[6] - Net profit attributable to shareholders was ¥83,715,764.47, down 72.56% year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥53,174,085.48, reflecting a decline of 78.69% compared to the previous year[6] - Total operating revenue for the third quarter of 2022 was CNY 4,379,244,450.57, a decrease of 11.6% compared to CNY 4,953,486,263.08 in the same period last year[23] - Total revenue for the period was approximately ¥4,364,081,212.02, a decrease from ¥5,407,979,043.11 in the previous period, representing a decline of about 19.3%[30] - Net profit attributable to the parent company's shareholders was ¥414,337,453.23, down from ¥855,950,815.25, indicating a decrease of approximately 51.6%[29] - Operating profit for the period was ¥489,730,798.40, compared to ¥996,517,378.12 in the previous period, reflecting a decline of about 50.9%[28] - The total profit for the period was ¥481,195,231.37, down from ¥990,274,350.91, indicating a decrease of about 51.4%[28] - Basic earnings per share were ¥0.53, compared to ¥1.09 in the previous period, reflecting a decline of approximately 51.4%[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥12,294,220,317.61, an increase of 4.62% from the end of the previous year[6] - Total assets reached CNY 12,294,220,317.61, up from CNY 11,750,929,934.90, indicating an increase of 4.6%[22] - Total liabilities amounted to CNY 7,088,721,722.65, compared to CNY 6,959,653,625.73, showing a rise of 1.9%[22] - The company's total equity attributable to shareholders was ¥5,203,505,751.40, an increase of 8.67% from the previous year[6] - The company's equity attributable to shareholders was CNY 5,203,505,751.40, an increase from CNY 4,788,195,994.37, representing an 8.7% growth[22] Cash Flow and Financing - Cash flow from operating activities for the year-to-date was ¥556,562,096.32, a decrease of 51.53% compared to the same period last year[11] - The net cash flow from operating activities was $556,562,096.32, a decrease of 51.5% compared to $1,148,230,690.50 in the previous period[33] - The total cash inflow from investment activities was $155,426,266.38, down from $699,119,627.02, reflecting a significant decline of 77.7%[33] - The net cash flow from financing activities was $459,006,439.90, compared to a negative cash flow of -$1,296,496,699.11 in the previous period, indicating a recovery[33] - The cash outflow for investment activities totaled $914,667,648.82, a decrease from $1,488,342,791.10, showing a reduction in investment spending[33] - The cash outflow for operating activities was $3,906,228,481.34, down from $4,491,011,094.22, indicating improved cash management[33] - The company received $585,199,233.15 in cash from financing activities, a significant increase from $95,670,025.38 in the previous period[33] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 65,696[12] - The number of shares repurchased under the special account was 20,164,958 shares, accounting for 2.52% of the total shares[15] Other Financial Metrics - Research and development expenses amounted to ¥166,397,486.65, down from ¥184,762,958.81, a decrease of approximately 9.5%[28] - Other comprehensive income after tax attributable to the parent company was ¥972,303.80, down from ¥1,675,239.89, a decrease of about 42%[29] - The company reported a net investment income of ¥59,034,242.19, down from ¥69,561,099.97, indicating a decrease of approximately 15.5%[28] - The financial expenses showed a net income of -¥22,004,012.88, an improvement from -¥33,981,233.48 in the previous period[28] - The company's total operating costs were approximately ¥4,001,772,618.13, compared to ¥3,912,023,557.30 in the previous period, reflecting an increase of about 2.3%[28] - The company's cash and cash equivalents as of September 30, 2022, amounted to CNY 6,431,811,930.59, down from CNY 6,560,290,077.52 at the beginning of the year, representing a decrease of 1.96%[19] - Accounts receivable increased to CNY 1,171,498,749.96 from CNY 777,185,104.38, reflecting a growth of 50.6% year-over-year[19] - The company reported a significant increase in other receivables, which rose to CNY 47,896,600.86 from CNY 16,414,531.89, marking a growth of 192.5%[19] - The company’s short-term borrowings increased to CNY 475,800,000.00 from CNY 21,000,000.00, reflecting a substantial rise of 2,267.7%[22]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[22]. - The company's operating revenue for the reporting period was ¥3,010,172,109.45, a decrease of 8.66% compared to the same period last year[30]. - Net profit attributable to shareholders was ¥330,621,688.76, down 39.99% year-on-year[30]. - The net profit after deducting non-recurring gains and losses was ¥256,647,201.93, reflecting a decline of 48.16% compared to the previous year[30]. - The company reported a total of ¥5,387,135,575.58 in restricted assets at the end of the reporting period, down from ¥5,658,359,875.42 at the end of the previous year[79]. - The company reported a significant increase in revenue, achieving a total of 16,100.8 million yuan, which represents a 51.53% increase compared to the previous period[174]. User and Market Growth - The number of active users reached 30 million, an increase of 20% compared to the same period last year[22]. - The company is expanding its market presence in Southeast Asia, aiming to increase its user base by 25% in the region[22]. - The company served over 27 million payment merchants, positioning itself among the industry leaders in both merchant scale and transaction volume[61]. - The company launched a leading enterprise-level digital RMB wallet technology solution, increasing the number of merchants served to over 100,000, a nearly 10-fold increase since the beginning of the year[55]. Profitability and Margins - The gross profit margin improved to 45%, up from 40% in the previous year[22]. - Basic and diluted earnings per share were both ¥0.42, down 40.00% year-on-year[30]. - The weighted average return on equity was 6.67%, down 4.69% from the previous year[30]. Investment and Development - The company plans to invest RMB 200 million in new product development and technology upgrades in the next fiscal year[22]. - Research and development (R&D) expenses amounted to approximately ¥109.39 million, reflecting a decrease of 12.78% year-on-year[70]. - IT technology service revenue grew by 145% year-on-year to CNY 36 million, driven by the successful implementation of cloud payment and risk control systems for small and medium banks[56]. Risk Management - The management highlighted potential risks including regulatory changes and market competition, with strategies in place to mitigate these risks[5]. - The company has established a comprehensive risk control process to mitigate industry policy risks, including a three-tier risk management system[93]. - The company has developed a mature customer risk monitoring system and transaction monitoring rules to manage the risks associated with merchant expansion[99]. Corporate Governance and Social Responsibility - The company has committed to enhancing corporate governance and ensuring accurate and timely information disclosure to protect shareholder rights[125]. - The company donated 5 million CNY to Peking University Education Foundation to support student organizations and cultural development[125]. - The company actively participated in social welfare by donating 50,000 CNY to Zheng Dongguo Education Foundation and providing various medical supplies to support pandemic efforts in Beijing and Shanghai[125]. Shareholder and Stock Management - The company will not distribute cash dividends or issue bonus shares for the current fiscal year[6]. - The company approved the first phase of the restricted stock incentive plan, granting a total of 41 million shares at a price of 19.50 CNY per share to 109 eligible participants[118]. - Shareholders have pledged not to transfer or manage their shares for 12 months post-IPO, with specific commitments from major shareholders regarding share transfers[135]. Digital Transformation and Technology - The company is focusing on enhancing its SaaS offerings to attract more enterprise clients, with a projected growth in this segment of 30%[22]. - The company has established a cross-border payment network in over 100 countries, providing comprehensive cross-border financial services to export enterprises[42]. - The company plans to accelerate its digital transformation and enhance its digital operating capabilities to capture the growing market of over 12 million offline retail stores[59].

Financial Performance - Total revenue for Q1 2022 was ¥1,578,263,497.94, a decrease of 0.34% compared to ¥1,583,609,200.30 in the same period last year[2] - Net profit attributable to shareholders increased by 10.09% to ¥254,619,337.54 from ¥231,283,917.87 year-on-year[2] - Net profit excluding non-recurring gains and losses decreased by 14.14% to ¥178,573,561.57 compared to ¥207,981,214.89 in the previous year[2] - Basic and diluted earnings per share rose by 13.79% to ¥0.33 from ¥0.29 year-on-year[2] - Net profit for the quarter was CNY 254,094,467.14, up from CNY 230,147,655.90, reflecting a growth of approximately 10.4%[17] - Earnings attributable to the parent company reached CNY 254,619,337.54, compared to CNY 231,283,917.87 in the previous period, indicating an increase of around 10.1%[17] - The total comprehensive income attributable to the parent company was CNY 254,580,496.31, compared to CNY 231,355,245.76, an increase of approximately 10%[17] Cash Flow - Net cash flow from operating activities surged by 151.36% to ¥216,820,376.02 from ¥86,260,007.14 in the same period last year[2] - Total cash inflow from operating activities was 1,728,060,748.13, while cash outflow was 1,511,240,372.11, resulting in a net cash inflow of 216,820,376.02[19] - Cash flow from investing activities showed a negative net flow of ¥377,599,448.92, mainly due to increased external investments[5] - Cash flow from investing activities showed a net outflow of -377,599,448.92 in Q1 2022, compared to a net inflow of 545,529,483.48 in Q1 2021[19] - Cash flow from financing activities resulted in a net inflow of 23,275,466.04 in Q1 2022, contrasting with a net outflow of -604,237,899.01 in Q1 2021[19] Assets and Liabilities - Total assets decreased by 8.33% to ¥10,772,652,419.66 from ¥11,750,929,934.90 at the end of the previous year[2] - The total liabilities decreased to CNY 5,727,320,484.58 from CNY 6,959,653,625.73, a reduction of approximately 17.7%[14] - The total current liabilities increased, with accounts payable rising to ¥783,900,166.32 from ¥749,331,781.05, an increase of about 4.6%[11] - The company reported a decrease in total current assets to ¥6,401,671,970.79 from ¥7,613,145,266.85, a decline of about 15.9%[11] Shareholder Information - The total number of common shareholders at the end of the reporting period was 64,795[7] - The top shareholder, Legend Holdings, holds 28.24% of shares, totaling 225,957,600 shares[7] - The company repurchased 20,164,958 shares, accounting for 2.52% of total shares[8] - The number of shares held by the top ten shareholders does not include any shares held through margin trading[8] Investment and Income - Non-recurring gains and losses totaled ¥76,045,775.97, primarily from investment income and government subsidies[4] - The company reported a significant increase in investment income by 1054.79% to ¥51,904,331.57 compared to ¥4,494,711.23 in the previous year[5] - The company reported a financial income of CNY 11,512,660.34, up from CNY 7,609,284.25, reflecting an increase of about 51.5%[16] Operating Costs and Expenses - Operating costs increased to CNY 1,342,836,785.56 from CNY 1,310,713,667.88, marking an increase of about 2.1%[16] - Research and development expenses were CNY 54,008,139.61, down from CNY 61,551,660.16, a decrease of approximately 12.3%[16] - Payments to employees decreased to 195,869,980.52 in Q1 2022 from 250,690,387.90 in Q1 2021, a reduction of approximately 21.83%[19] - The company reported a significant increase in cash outflow for other operating activities, which rose to 246,303,238.66 in Q1 2022 from 133,100,313.95 in Q1 2021, an increase of approximately 84.95%[19] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to ¥5,052,164,772.64 from ¥6,560,290,077.52 at the beginning of the year, a decline of approximately 23%[10] - The ending balance of cash and cash equivalents as of the end of Q1 2022 was 810,646,330.93, down from 1,908,339,506.25 at the end of Q1 2021[19] - The company’s cash and cash equivalents at the beginning of Q1 2022 were 948,188,779.02, compared to 1,880,664,504.11 at the beginning of Q1 2021[19] - Cash received from other operating activities increased to 71,757,799.42 in Q1 2022 from 28,013,945.29 in Q1 2021, marking an increase of approximately 156.80%[18]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[19]. - The company's operating revenue for 2021 was CNY 6,596,029,958.35, representing an increase of 18.69% compared to CNY 5,557,375,312.78 in 2020[25]. - The net profit attributable to shareholders for 2021 was CNY 1,082,584,146.29, up 16.31% from CNY 930,791,311.59 in 2020[25]. - The company achieved operating revenue of 6.596 billion yuan, a year-on-year increase of 19%[49]. - Net profit attributable to shareholders reached 1.083 billion yuan, up 16% year-on-year, marking the seventh consecutive year of net profit growth exceeding 15%[49]. - The company reported a net profit margin of 10% for 2021, with plans to increase this to 12% in 2022 through cost optimization strategies[19]. - The gross profit margin improved to 45%, up from 40% in the previous year, indicating better cost management[169]. User Growth and Market Expansion - The number of active users reached 30 million, an increase of 20% compared to the previous year[19]. - The company plans to expand its market presence by entering three new provinces in 2022, aiming for a 25% growth in user acquisition[19]. - User data showed an increase in active users, reaching 10 million, which is a 15% increase year-over-year[169]. - The company is considering strategic acquisitions to enhance its service offerings, with a target of completing at least two acquisitions in the next year[169]. Research and Development - The company has invested RMB 200 million in research and development for new payment technologies, focusing on enhancing mobile payment solutions[19]. - Research and development expenses for 2021 were ¥250,424,408.74, a slight decrease of 2.24% from ¥256,164,928.06 in 2020[84]. - The R&D investment for 2021 amounted to approximately ¥250.42 million, representing 3.80% of the operating revenue, a decrease from 4.61% in 2020[90]. - The number of R&D personnel decreased by 14.54% from 454 in 2020 to 388 in 2021[90]. Risk Management - The company has identified key risks including regulatory changes and market competition, with strategies in place to mitigate these risks[5]. - The company has established a three-tier risk control system to manage industry policy risks and ensure compliance with regulatory requirements[116]. - The company has implemented a comprehensive risk management system, including a dedicated big data platform for risk control, achieving a high-risk transaction response time of under 100ms[120]. - The company has developed a series of regulations to enhance risk control and compliance, including emergency response and reporting procedures[120]. Digital Currency and Technology Initiatives - The digital RMB promotion is expected to bring new opportunities for industry development, with pilot scenarios exceeding 132,000 by June 30, 2021[38]. - The company is actively involved in the digital RMB initiative, having signed a strategic cooperation agreement with the People's Bank of China, and is investing in technology and product development for digital currency[63]. - The company has completed system integration with the People's Bank of China for digital currency, launching products such as digital yuan aggregation payment and wallets[47]. - The company is investing in blockchain technology through its "Kunlun Chain" initiative, aiming to provide comprehensive services in the metaverse and digital cultural sectors[115]. Corporate Governance - The company maintains a clear and complete asset ownership structure, independent of major shareholders[151]. - The company has established a complete financial accounting system, ensuring financial independence from major shareholders[151]. - The company has a robust governance structure that complies with relevant laws and regulations, ensuring transparency and accountability[147]. - The company is committed to considering the interests of minority shareholders in decision-making processes, enhancing corporate governance[189]. Strategic Outlook - The management has set a revenue target of RMB 1.5 billion for 2022, indicating a growth forecast of 25%[19]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[169]. - Future strategies include expanding the new retail business and enhancing market competitiveness[134]. - The company is focusing on new product development to meet evolving market demands[134]. Employee and Management Structure - The total number of employees at the end of the reporting period was 2,483, with 1,160 in the parent company and 1,323 in major subsidiaries[196]. - The company employed 388 R&D personnel, contributing to its focus on innovation and technology development[198]. - The company has a differentiated compensation structure based on job roles, aiming to attract and retain talent[200]. - The company has established a performance-based compensation system to align employee contributions with market standards[200].

拉卡拉支付股份有限公司 2021 年第三季度报告 证券代码：300773 证券简称：拉卡拉 公告编号：2021-077 拉卡拉支付股份有限公司 2021 年第三季度报告 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。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|-------------------|-------------------------|--------------------------|--------- ...

Financial Performance - The company's operating revenue reached ¥3,295,408,688.73, representing a year-over-year increase of 31.52% compared to ¥2,505,702,693.64[26]. - Net profit attributable to shareholders was ¥550,909,009.10, up 26.41% from ¥435,806,722.74 in the same period last year[26]. - The net profit after deducting non-recurring gains and losses was ¥495,072,822.02, reflecting a 15.67% increase from ¥428,009,353.41[26]. - The net cash flow from operating activities was ¥654,239,005.83, a 29.29% increase compared to ¥506,007,244.36[26]. - The company achieved a revenue of ¥3,295,408,688.73, representing a year-on-year increase of 31.52%[54]. - The net profit growth rate reached 30% over the past five years, demonstrating strong financial performance despite market fluctuations[50]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2021, representing a year-on-year growth of 25%[94]. - Net profit for the first half of 2021 was ¥552,491,832.82, up 25.8% from ¥438,985,690.39 in the same period last year[183]. - Total operating revenue for the first half of 2021 reached ¥3,304,745,135.04, a 31.8% increase from ¥2,505,702,693.64 in the first half of 2020[181]. Cash Flow and Assets - The total assets at the end of the reporting period were ¥11,460,088,437.50, a decrease of 4.57% from the previous year[26]. - The company's cash and cash equivalents decreased by 5.47% to ¥6,684,944,953.88, primarily due to stock repurchases and cash dividends[58]. - The company’s total assets include a significant increase in accounts receivable, which rose to ¥852,715,628.24, accounting for 7.44% of total assets[58]. - Cash flow from operating activities increased by 29.29% to ¥654,239,005.83, indicating improved operational efficiency[54]. - The company reported a net cash outflow from investing activities of CNY -36,366,202.56 in the first half of 2021, an improvement compared to CNY -1,365,029,673.13 in the same period of 2020[191]. - Cash outflow from financing activities was CNY 1,359,248,133.64 in the first half of 2021, compared to CNY 801,387,924.51 in the same period of 2020, reflecting an increase of approximately 69.5%[191]. Strategic Focus and Development - The company emphasizes the uncertainty of future development strategies and operational plans, which depend on market conditions[4]. - The company is focusing on a strategic upgrade from "helping merchants collect money" to "helping merchants make money" through various SaaS platforms[41]. - The company has established a digital payment division and is one of the first strategic partners for digital RMB, completing system integration with major banks[37]. - The company is actively expanding its merchant base and optimizing its structure to strengthen its position in the third-party payment industry[79]. - The company plans to expand its market presence by entering three new provinces by the end of 2021, aiming for a 20% increase in market share[94]. - The company plans to enhance its market expansion strategies and invest in new technologies to drive future growth[196]. Risk Management and Compliance - The report includes a detailed discussion of potential risk factors and countermeasures that the company may face[4]. - The company has established a comprehensive risk management system, including transaction monitoring rules and risk control models, to address payment fraud risks[81]. - The company emphasizes the importance of compliance and risk control training for its staff to strengthen its risk management framework[81]. - The company has established a comprehensive risk control process to manage industry policy risks and ensure compliance with regulatory requirements[78]. - The company has not faced any penalties from the central bank during the reporting period, but acknowledges potential risks associated with business expansion[81]. Shareholder Information - The company reported a total of 7,964.12 million yuan in related transactions during the reporting period[121]. - The largest shareholder, Legend Holdings, holds 28.24% of the shares, totaling 225,957,600 shares[152]. - The second-largest shareholder, Sun Taoran, holds 6.91% of the shares, totaling 55,252,800 shares[152]. - The company has a total of ¥7,000 in bank wealth management products and ¥86.82 in trust wealth management products, with no overdue amounts[72]. - The company repurchased a total of 20,164,958 shares, accounting for 2.52% of the total share capital, with a total transaction amount of 599,921,324.35 RMB[149]. Corporate Governance - The report indicates that all board members attended the meeting to review the report[4]. - The company has undergone a management change, appointing a new general manager in February 2021[101]. - The company has not engaged in any non-operational fund occupation by major shareholders during the reporting period[111]. - There were no significant legal disputes or penalties reported during the period, indicating a stable operational environment[116]. - The company has not engaged in any significant mergers or acquisitions during the reporting period[140].

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,583,609,200.30, representing a 49.95% increase compared to ¥1,056,068,730.70 in the same period last year[9]. - Net profit attributable to shareholders was ¥231,283,917.87, up 37.51% from ¥168,199,950.80 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥207,981,214.89, reflecting a 26.78% increase from ¥164,046,761.12 in the previous year[9]. - Basic earnings per share were ¥0.29, a 38.10% increase compared to ¥0.21 in the previous year[9]. - Total operating revenue for the current period reached ¥1,589,084,580.93, a significant increase of 50.2% compared to ¥1,056,068,730.70 in the previous period[77]. - Net profit for the current period was ¥230,147,655.90, representing a 36.7% increase from ¥168,383,497.46 in the previous period[83]. - The company reported a total comprehensive income of ¥230,218,983.79, compared to ¥168,552,239.71 in the previous period, an increase of 36.6%[87]. Cash Flow - The net cash flow from operating activities decreased by 55.26% to ¥86,260,007.14, down from ¥192,824,086.85 in the same period last year[9]. - Cash inflow from operating activities totaled 1,912,222,364.13, up from 1,348,632,339.33 in the previous period, representing a growth of approximately 41.8%[99]. - Cash outflow from operating activities was 1,825,962,356.99, compared to 1,155,808,252.48 in the previous period, which is an increase of about 57.8%[99]. - Investment activities generated a net cash inflow of 545,529,483.48, a significant recovery from a net outflow of -366,904,725.28 in the previous period[99]. - The company returned CNY 545,529,483.48 in cash flow from investing activities, a 248.68% increase, due to the return of advance payments for equity transfers[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥11,372,868,954.43, down 5.30% from ¥12,009,385,508.99 at the end of the previous year[9]. - Total liabilities were CNY 6,553,967,787.42, down from CNY 6,820,472,927.94, indicating a reduction of 3.9%[65]. - The company's equity attributable to shareholders decreased to CNY 4,773,807,869.73 from CNY 5,142,287,146.01, a drop of 7.1%[68]. - Cash and cash equivalents stood at CNY 7,345,570,380.00, down from CNY 7,661,872,877.66, a decrease of 4.1%[59]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,359, with the largest shareholder holding 28.24% of the shares[14]. - The company plans to repurchase shares with a total fund amount between RMB 300 million and RMB 600 million, at a price not exceeding RMB 40 per share, within a period of 12 months from the board's approval date[40]. - As of January 15, 2021, the company has repurchased a total of 10,721,260 shares, accounting for 1.34% of the total share capital, with a total payment of RMB 323,874,905.47 (excluding transaction fees)[40]. - The company has repurchased a total of 20,164,958 shares, accounting for 2.52% of the total share capital, with a total payment of 599,921,324.35 yuan (excluding transaction fees)[46]. Strategic Focus and Risk Management - The company plans to focus on three strategic areas: payment ecosystem, technology services, and new retail, while actively pursuing opportunities in digital currency and cross-border payments[30]. - The company has established a comprehensive risk control process to address industry policy and market competition risks[33]. - The company has established a customer risk monitoring system and transaction monitoring rules to mitigate risks associated with merchant expansion and compliance[36]. - The company has implemented a comprehensive risk control system, including a big data platform for risk management with a response time of under 100ms for high-risk transactions[37]. - The company is committed to adhering to regulatory requirements and has established various management systems to strengthen merchant management and compliance[36]. Research and Development - The company emphasizes the importance of technological research and development, aiming to enhance service capabilities for small and medium-sized enterprises and merchants[35]. - Research and development expenses were ¥61,551,660.16, slightly down from ¥64,493,527.40, a decrease of 3.0%[80]. Management Changes - The company’s new general manager is Chen Lie, succeeding Shu Shizhong[46].

Financial Performance - The company reported a total revenue of 779,859,842 RMB for the year 2020, with a cash dividend distribution of 10 RMB per 10 shares [7]. - The company's operating revenue for 2020 was ¥5,557,375,312.78, an increase of 13.43% compared to ¥4,899,421,582.02 in 2019 [23]. - The net profit attributable to shareholders for 2020 was ¥930,791,311.59, reflecting a growth of 15.43% from ¥806,342,383.91 in 2019 [23]. - The net cash flow from operating activities increased by 29.07% to ¥1,436,441,493.69 in 2020, up from ¥1,112,955,420.01 in 2019 [23]. - The total assets at the end of 2020 reached ¥12,009,385,508.99, a 7.35% increase from ¥11,186,865,198.40 at the end of 2019 [23]. - The company reported a basic earnings per share of ¥1.16 for 2020, up 11.54% from ¥1.04 in 2019 [23]. - The company’s total equity attributable to shareholders increased by 3.76% to ¥5,142,287,146.01 at the end of 2020, compared to ¥4,956,041,948.26 at the end of 2019 [23]. - The company’s net profit after deducting non-recurring gains and losses was ¥900,605,036.62, an increase of 13.53% from ¥793,269,997.05 in 2019 [23]. - The company reported a total revenue of CNY 5.562 billion, a year-on-year increase of 13.53% [49]. - The net profit attributable to shareholders was CNY 931 million, growing by 15.43% year-on-year, marking six consecutive years of over 15% growth [49]. Market Expansion and Strategy - The company is actively expanding its market presence and exploring potential mergers and acquisitions to drive growth [13]. - The company has outlined its future development strategies, which are subject to market conditions and uncertainties [6]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years [163]. - A strategic acquisition of a local fintech company is expected to enhance technological capabilities and is projected to add 300 million RMB in annual revenue [165]. - The company is exploring potential acquisitions to strengthen its market position and diversify its service offerings [185]. - The company aims to enhance cooperation with various account parties and commercial banks to expand merchant services and market share [119]. - The company is focusing on integrating payment innovations with industry sectors such as maternal and infant care, fast-moving consumer goods, and dining [119]. Technological Innovation - The company has a strong emphasis on technological innovation and the development of new payment products to enhance user experience [13]. - The company has invested in advanced technologies such as blockchain, AI, and big data, holding 57 patents and 71 pending patents as of the end of 2020 [46]. - The company is focusing on integrating AI technology into its payment systems, achieving a service replacement rate of over 60% through intelligent automation [67]. - The company launched new payment products including the compact electronic signature POS and mobile POS, enhancing payment acceptance capabilities [34]. - The company has established a comprehensive SaaS service platform for barcode payment, enhancing its market position and service capabilities for small and micro merchants [46]. - The company is committed to investing 100 million RMB in research and development for new technologies in the payment sector over the next year [167]. Risk Management - The company emphasized the importance of risk factors and countermeasures in its annual report, highlighting the need for investors to be aware of potential uncertainties in future development strategies [6]. - The company has established a complete risk control process, ensuring compliance with regulatory requirements through a three-tier risk management system [40]. - A dedicated risk control big data platform has been built to ensure high-risk transaction response times within 100ms [123]. - The company has implemented strict compliance measures to manage merchant risks and prevent violations [123]. - The company is actively collaborating with law enforcement to combat payment-related crimes and enhance security measures [123]. Profit Distribution - The company implemented a stable profit distribution policy, prioritizing cash dividends, with a minimum of 15% of distributable profits allocated for cash dividends in profitable years [135]. - The company plans to distribute cash dividends, with a minimum of 80% of profits allocated for cash dividends during the mature phase without significant capital expenditures [136]. - The cash dividend per 10 shares is RMB 10, and the distribution is based on 779,859,842 shares after accounting for repurchased shares [143]. - The company’s profit distribution plan requires approval from the board and must be submitted to the shareholders' meeting for final approval [139]. - The company’s profit distribution policy can be adjusted in response to significant changes in external operating conditions or internal business status [140]. Customer Engagement and User Growth - User data indicates an increase in active users by 15% year-over-year, reaching 10 million active users by the end of 2020 [157]. - The company plans to enhance customer engagement through a new loyalty program, aiming to increase customer retention rates by 20% [161]. - The company reported a significant increase in transaction volume, reaching 1.5 billion transactions in 2020, representing a growth of 25% year-over-year [185]. - User base expanded to 30 million active users, an increase of 20% compared to the previous year [185]. - The company is focusing on improving customer experience, aiming for a 30% increase in customer satisfaction scores [199]. Future Outlook - The company expects a revenue growth of 25% for the next fiscal year, projecting revenues to reach approximately 1.875 billion RMB [159]. - The company provided a future outlook, projecting a revenue growth of 10-15% for the next fiscal year, driven by new product launches and market expansion strategies [171]. - The company anticipates a revenue growth of 15% for the next fiscal year, projecting total revenue to reach approximately 1.2 billion RMB [185]. - New product launches are expected to contribute an additional 300 million yuan in revenue over the next year [199]. - The management emphasized a commitment to improving operational efficiency, aiming for a 10% reduction in operational costs by the end of 2021 [171].