筹划赴港上市与进军数币 拉卡拉三顾市场

Core Viewpoint - Lakala is planning to issue shares overseas (H-shares) and list on the Hong Kong Stock Exchange to advance its international development strategy and enhance its competitiveness in the digital currency space [1][6]. Group 1: Company Strategy and Developments - Lakala's stock price surged by 16.16% following the announcement, with a net inflow of 1.94 billion yuan on June 17 [1]. - The company is the first third-party payment company listed on A-shares and is making a third attempt to enter the capital market with an "A+H" strategy [1][2]. - Prior to the Hong Kong listing, Lakala proactively divested some non-core businesses, similar to its actions before its A-share listing in 2019 [1][2]. - In January, Lakala disposed of its entire stake in Baotou Rural Commercial Bank for zero yuan, estimating a fair value change loss of approximately 135 million yuan [2]. Group 2: Financial Performance - In 2024, Lakala reported a revenue of 5.759 billion yuan, a year-on-year decrease of 2.96%, and a net profit of 351 million yuan, down 23.26% due to losses from equity disposals [7]. - For Q1 2025, the company recorded a revenue of 1.299 billion yuan, a decline of 13.01%, and a net profit of 101 million yuan, down 51.71%, attributed to seasonal factors and overall industry pressure [7]. Group 3: Market Position and Control - Lakala has no controlling shareholder or actual controller, with Lenovo Holdings being the largest shareholder at 26.54% [3][5]. - The company emphasizes its stable governance structure, asserting that the lack of a controlling party will not adversely affect its operations [3]. Group 4: Market Speculation and Digital Currency - The announcement regarding the acceleration of digital currency applications in cross-border scenarios has led to market speculation about Lakala's potential involvement in stablecoins [1][6]. - Despite receiving numerous inquiries about stablecoins, Lakala has remained silent on the matter, although it has previously engaged in initiatives related to central bank digital currency (CBDC) [6].