连连数字半年报：经营性利润增85% 全球支付业务TPV涨94%

Core Insights - The core viewpoint of the articles highlights the significant growth and strategic direction of Lianlian Digital, particularly in its digital payment services and the integration of innovative technologies like AI and blockchain [2][3][4]. Financial Performance - As of June 30, 2025, Lianlian Digital's total payment volume (TPV) reached 2.1 trillion yuan, a year-on-year increase of 32.0%, with total revenue of 783 million yuan, up 26.8%, and net profit of 1.51 billion yuan, with operating profit increasing by 85% to 63 million yuan [2][4]. - The global payment business TPV reached 198.5 billion yuan, a remarkable growth of 94.0%, with total revenue of 473 million yuan, up 27.0% [3]. - Domestic payment TPV was 1.9 trillion yuan, growing by 27.6%, with revenue of 211 million yuan, an increase of 24.6% [3]. Business Segments - Lianlian Digital's business is divided into two main segments: digital payment services and value-added services. The digital payment services include global and domestic payment solutions, while value-added services encompass digital marketing, operational support, and software development [3]. - The revenue from value-added services reached 89.6 million yuan, reflecting a growth of 34.2%, primarily driven by the strong performance of virtual card services [3]. Strategic Initiatives - The company is focusing on building a more efficient cross-border fund flow system and enhancing its digital infrastructure, while also exploring the application of AI and blockchain technologies in cross-border payments [2][4]. - Lianlian Digital has increased its R&D investment in Web3 technologies, with R&D expenses amounting to 187 million yuan, a year-on-year increase of 26.8% [6]. Funding and Future Plans - In July 2023, Lianlian Digital conducted a placement of 38.4 million H-shares, raising 394 million HKD, with 50% of the funds allocated to blockchain technology innovation, 30% for global business expansion, and 20% for general corporate purposes [6]. - The company emphasizes that its investments in Web3 align with its long-term strategic direction, indicating a commitment to systematic development in this area [6].