Lakala(SZ:300773) Nan Fang Du Shi Bao·2025-09-09 10:57Core Viewpoint - Lakala Payment Co., Ltd. has completed the share reduction plan of its shareholder Sun Haoran, who has sold a total of 19.27 million shares, accounting for 2.45% of the company's total share capital after excluding repurchased shares, and now holds no shares in the company [2][5][6]. Financial Performance - In the first half of 2025, Lakala reported a significant decline in performance, with total revenue of 2.65 billion yuan, a year-on-year decrease of 11.1%, and a net profit attributable to shareholders of 229 million yuan, down 45.3% year-on-year [4][11][12]. - The company's core businesses, digital payment and technology services, both experienced declines, with digital payment revenue falling by 10.3% to 2.36 billion yuan and technology service revenue decreasing by 17.5% to 140 million yuan [14]. Shareholder Actions - Sun Haoran's share reduction included selling 7.88 million shares through centralized bidding at an average price of 28.7 yuan per share and 11.39 million shares through block trading at an average price of 23.4 yuan per share, resulting in total cash proceeds of approximately 493 million yuan [5][6]. - Other major shareholders, such as Legend Holdings, have also announced plans to reduce their holdings, indicating a broader trend of shareholder exits from Lakala [6][9]. Market Context - The overall market for bank card acquiring has been negatively impacted, with a 9.2% year-on-year decline in total payment transaction amounts, which has contributed to Lakala's revenue drop [11][14]. - The tightening regulation in the third-party payment industry and the diminishing profit margins have led to increased pressure on leading institutions like Lakala, highlighting the urgent need for business adjustments to stabilize operations and rebuild shareholder trust [14].