Lakala(SZ:300773) Zhi Tong Cai Jing·2025-10-17 13:34Core Viewpoint - Lakala Payment Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with CITIC Securities International as the sole sponsor [1]. Company Overview - Lakala is a leading digital payment and digital business solutions provider in Asia, leveraging technologies such as big data, blockchain, and artificial intelligence to create a comprehensive digital operating service system for small and medium-sized merchants and industry clients [3][4]. - The company holds a prominent market position in China's digital payment sector, with a projected total payment volume exceeding RMB 4 trillion in 2024, capturing a market share of 9.4% among independent digital payment service providers [3][4]. Market Position - In 2024, Lakala is expected to rank first among independent digital payment service providers in Asia, with a market share of 1.1% in total payment volume [4]. - The company is also the largest independent digital payment service provider in China's comprehensive acquiring market, with a market share of 11.7%, and in the QR code acquiring market, with a market share of 9.3% [4]. Financial Performance - For the six months ending June 30, 2022, 2023, 2024, and 2025, the company reported revenues of approximately RMB 5.36 billion, RMB 5.93 billion, RMB 5.75 billion, and RMB 2.65 billion, respectively [6][7]. - The net profit/loss for the same periods was approximately -RMB 1.44 billion, RMB 457 million, RMB 351 million, and RMB 229 million, respectively [6][7].