传统业务承压，支付机构亟待转型

Core Viewpoint - Several payment institutions, including Lakala and New Guodu, have recently released their performance forecasts for 2025, indicating that while some companies have achieved profit growth through non-recurring gains, their net profit after excluding these gains has generally declined due to ongoing pressures in traditional acquiring businesses from market competition and shrinking transaction volumes [1] Group 1 - Companies are experiencing profit growth primarily due to non-recurring gains, but their net profit excluding these gains is declining [1] - The traditional acquiring business is under pressure from market competition and a reduction in transaction volumes [1] - Looking ahead to 2026, the exploration of cross-border payments and AI integration is seen as crucial for the payment industry to find new growth opportunities [1]