拉卡拉(300773.SZ)：预计2025年净利润同比增长202%-242%

Core Viewpoint - Lakala (300773.SZ) expects a net profit attributable to shareholders of 1.06 billion to 1.2 billion yuan for 2025, representing a year-on-year growth of 202% to 242%, primarily due to significant increases in non-recurring gains [1][2] Group 1: Financial Performance - The projected net profit growth is mainly attributed to a substantial increase in non-recurring gains, estimated at approximately 814 million yuan, driven by the increase in fair value of listed company stock assets and significant investment income from the sale of some holdings [2] - Excluding non-recurring gains, the net profit is expected to decline by 46% to 26% year-on-year, primarily due to a decrease in the scale of bank card payment transactions [2] Group 2: Business Development - During the reporting period, the company has continuously enhanced its digital payment comprehensive service capabilities and accelerated its global business layout, with a sustained increase in QR code payment transaction amounts and rapid growth in cross-border payment transaction amounts [2] - The company has significantly advanced its "Payment + SaaS" transformation, which has improved the added value of merchant services and driven rapid growth in technology service revenue [2] Group 3: Future Outlook - Looking ahead to 2026, the company plans to further integrate payment services with SaaS and AI, with steady development in its main business and a significant year-on-year increase in investment income observed this year [2]