Core Viewpoint - Yika Limited (移卡) reported strong growth in its overseas business, with a single-quarter Gross Payment Volume (GPV) nearing 1.3 billion RMB, surpassing the projected annual GPV for 2024 of approximately 1.1 billion RMB, and showing a 50% increase from 800 million RMB in Q2 2023 [2][3]. Group 1: Overseas Business Performance - The company has been expanding its overseas market since 2021, obtaining various licenses including Hong Kong MSO, Singapore MPI, and U.S. MSB and MTL [3]. - Yika's one-stop payment services and value-added services continue to empower international clients, with a diversified merchant industry portfolio including education, apparel, and beauty services [2][4]. - The company has successfully partnered with several international brands such as Playmade, Jumbo, and Shihlin Taiwan Street Snacks [2]. Group 2: Domestic Business Development - Yika's domestic merchant and partner ecosystem has become more comprehensive, collaborating with SaaS industry partners like Meituan to enhance service quality [4]. - The domestic GPV reached 616.3 billion RMB in Q3, contributing to sustained profitability in one-stop payment services [4]. - Strategic adjustments have led to the e-commerce business achieving monthly profitability since Q2 2023 [6]. Group 3: Value-Added Services and Future Outlook - The growth in value-added services is attributed to strategic upgrades in the business model and the profitability of previously loss-making segments [5]. - Yika has made significant progress in expanding vertical industry clients, securing partnerships with well-known platforms like Taobao, Ctrip, and Didi [6]. - The company aims to solidify its business foundation and actively explore new markets to provide leading digital solutions globally [7].

Core Insights - The company reported a significant growth in overseas business, with GPV reaching nearly 1.3 billion RMB in Q3, surpassing the total overseas GPV of approximately 1.1 billion RMB for the previous year, and showing a 50% increase from 800 million RMB in Q2 [1][2] Group 1: Overseas Business Performance - The company continues to empower international clients through its one-stop payment services and value-added service product lines [1] - The company has diversified its merchant industry mix, now including well-known international brands such as Playmade, Zhenbao, and Shilin Taiwanese Snacks [1] - The company has been exploring overseas markets since 2021 and has obtained various licenses, including MSO in Hong Kong and MPI in Singapore [1] Group 2: Domestic Business Developments - The company has partnered with SaaS industry ecosystem partners like Meituan to enhance service quality for merchants and consumers [1] - The company has solidified its development foundation through collaborations with banks for joint collection, leading to sustained profitability growth in domestic one-stop payment services [1] - In Q3, the payment transaction volume (GPV) reached 6.163 trillion RMB [1] Group 3: Strategic Adjustments and Future Plans - Following strategic adjustments, the company’s in-store e-commerce business has achieved monthly profitability since Q2 [2] - The company is set to become one of the first Douyin service providers in the Hong Kong and Macau regions by Q3 2025, serving international brands like Toshiba and China Telecom [2] - The company has made significant progress in expanding value-added services in vertical industries, securing partnerships with notable platforms such as Taobao, Ctrip, and Didi [2]

Core Insights - The company, Yika (09923), demonstrated strong growth momentum in Q3 2025, actively diversifying its business and providing one-stop payment and value-added services to domestic and international brand clients [1] - The overseas payment business transaction volume increased by 50% quarter-on-quarter, continuing the exponential growth trend observed in the previous year [1] - Domestic payment transaction volume also showed a consistent quarter-on-quarter increase, supported by deeper partnerships and a more solidified ecosystem for long-term growth [1] Overseas Business Performance - The overseas payment transaction volume (GPV) reached nearly RMB 1.3 billion this quarter, surpassing the total overseas GPV of approximately RMB 1.1 billion for the entire previous year, and up about 50% from RMB 800 million in Q2 of this year [2] - The merchant industry mix in overseas markets has diversified, covering sectors such as education, apparel, and beauty services [2] - The company's one-stop payment and value-added service product line continues to empower international clients, with expanded service offerings through investment in Fushi Technology [2] Domestic Business Performance - Domestic GPV reached RMB 616.3 billion this quarter, with collaborations with SaaS industry partners like Meituan to jointly expand channels and enhance service quality for merchants and consumers [2] - The number of partnerships with SaaS and joint acquiring banks continued to increase this quarter, providing robust support for long-term growth [2]

Core Insights - The company continues to demonstrate strong growth momentum in Q3 2025, actively diversifying its business and providing one-stop payment and value-added services to domestic and international brand clients [1] - The overseas payment business transaction volume increased by 50% quarter-on-quarter, maintaining a year-on-year exponential growth trend [1] - Domestic payment transaction volume also showed a consistent quarter-on-quarter increase, supported by deeper partnerships and a more solidified ecosystem [1] Group 1: Overseas Business Performance - The overseas payment transaction volume (GPV) reached nearly RMB 1.3 billion, surpassing last year's total overseas GPV of approximately RMB 1.1 billion, and increasing about 50% from RMB 800 million in Q2 this year [2] - The merchant industry mix in overseas markets has further diversified, covering sectors such as education, apparel, and beauty services [2] - The company's one-stop payment and value-added service product line continues to empower international clients, expanding service reach through investments in companies like Fushi Technology [2] Group 2: Domestic Business Performance - Domestic GPV reached RMB 616.3 billion, with collaborations with SaaS industry partners like Meituan to jointly expand channels and enhance service quality for merchants and consumers [2] - The number of partnerships with SaaS and joint acquiring banks has continued to increase, providing robust support for long-term growth [2] - The strategic upgrade of the business model has led to profitability in previously loss-making segments, with AI-generated digital human videos seeing a rise in transaction volume this quarter [1]

Core Insights - The company continues to demonstrate strong growth momentum in Q3 2025, actively diversifying its business and providing one-stop payment and value-added services to domestic and international brand clients [1] Group 1: Overseas Business Expansion - The overseas payment transaction volume (GPV) reached approximately RMB 1.3 billion, a 50% increase from RMB 800 million in Q2 2025 and surpassing the total overseas GPV of RMB 1.1 billion for the entire previous year [2] - The company has diversified its merchant industry mix overseas, covering sectors such as education, apparel, and beauty services, while expanding its service range through investments in companies like Fushi Technology [2] Group 2: Domestic Business Growth - Domestic GPV reached RMB 616.3 billion, supported by partnerships with SaaS industry ecosystem partners like Meituan, enhancing service quality for merchants and consumers [2] - The number of partnerships with SaaS and joint acquiring banks has continued to increase, providing robust support for long-term growth [2] Group 3: Value-Added Services Performance - The company has made significant progress in expanding its vertical industry client base, acquiring notable e-commerce clients such as Taobao, Ctrip, and Didi [3] - The transaction volume of AI-generated digital human videos has continued to rise, reinforcing the company's leading position in AI applications [3] - The in-store e-commerce business has achieved monthly profitability since Q2 2025, with successful overseas market expansion [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 YEAHKA LIMITED 移卡有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9923） 自願性公告 業務發展 • 我們海外業務的交易量保持高速增長，本季度海外支付交易量(GPV)已接近 人民幣13億元，超越去年全年海外GPV約人民幣11億元，比今年第二季度的 人民幣8億元上升約50%； • 海外的商戶行業組合進一步多元化，涵蓋教育、服裝、美業等服務提供商； • 我們一站式的支付及增值服務產品線繼續賦能國際客戶，並通過投資企業 富匙科技擴大服務範圍，為Playmade、珍寶(Jumbo)及士林台灣小吃(Shihlin Taiwan Street Snacks)於多個亞洲地區提供服務。 國內商戶及合作夥伴體系更加全面，推動持續性盈利增長 本公告乃移卡有限公司（「本公司」，連同其附屬公司，統稱「本集團」）自願刊發， 以告知本公司股東及潛在投資者有關本集團最新發展。 二零二五年第三季度（「本季度」 ...

公告称，报告期间总收益减少及本公司权益拥有人应占亏损增加主要乃由于：(i)引起大众关注的安全事 件，尤其是中国演员于泰国被绑架事件;及(ii)2025年3月底泰国发生强烈地震。出于对该等安全问题的担 忧，中国游客赴泰旅游预订量下降，凸显依赖旅游业的市场波动性。有关下跌导致本集团于报告期间的 电子支付交易量下跌。 智通财经APP讯，东方支付集团控股(08613)发布公告，本集团预期截至2025年9月30日止6个月取得总收 益约720万港元，而截至2024年9月30日止6个月的总收益则约为1950万港元，总收益减少约62.9%，及 将于报告期间取得本公司权益拥有人应占亏损不超过约2000万港元，而同期本公司权益拥有人应占亏损 则约为1590万港元，本公司权益拥有人应占亏损增加不超过约25.8%。 ...

营水平和盈利能力，以良好稳定的业绩回报公司股东。感谢 您的关注，敬请投资者注意投资风险。 2、近期市场对公司估值偏低，请问管理层认为目前公 司最容易被市场误解的点是什么？ 您好，公司重视保护广大投资者的利益，与投资者保持 良好沟通，努力做好企业经营。公司股价波动受宏观环境、 大盘走势、市场情绪等多种因素影响，公司秉持高质量发展 理念，努力以优异的业绩回报股东和社会，我们相信公司的 长期价值会得到投资者的认可。未来公司将继续努力做好经 营和管理，并将持续深耕主营业务，全面推进业务出海战略， 加快全球化布局，为客户提供有竞争力的支付产品和服务解 决方案，力争以良好的经营业绩回报广大投资者，感谢您的 关注，敬请投资者注意投资风险。 证券代码： 300130 证券简称：新国都 深圳市新国都股份有限公司 投资者关系活动记录表 编号：2025-002 | 投资者关系 | □特定对象调研 □分析师会议 | | --- | --- | | 活动类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | √其他 参加"2025 年度深圳辖区上市公司投资者网上集体 | | | 接 ...

PayPal Holdings FY Conference Summary Company Overview - **Company**: PayPal Holdings (NasdaqGS:PYPL) - **Date of Conference**: November 19, 2025 Key Points Company Progress and Transformation - Over the past two years, PayPal has undergone significant transformation, becoming a fundamentally stronger company with a projected transaction margin growth of 6% to 7% for the year [3][4] - The processing business has turned from negative to positive margins, and the Venmo business, previously stagnant, is now experiencing exciting growth [3][4] Ecosystem and Commerce Platform Vision - PayPal aims to leverage its dual-sided ecosystem (consumers and merchants) to create a network effect, enhancing the commerce experience [5][6] - Partnerships, such as with the Big 12 and Big 10 for NIL athlete payments via Venmo, exemplify the company's strategy to connect consumers and merchants [5][6] Consumer Spending Trends - There has been a noted slowdown in discretionary spending among middle to low-income consumers in the U.S. and Europe, which is expected to impact branded checkout growth [8][9] - The shift towards buy now, pay later (BNPL) options is seen as an opportunity for PayPal to capture market share [9][10] Buy Now, Pay Later (BNPL) Growth - BNPL volume and monthly active accounts (MAA) have grown by 20%, with expectations of reaching a $40 billion volume business this year [10][11] - PayPal plans to enhance visibility of BNPL options on product pages to increase conversion rates, which currently see a 10% lift when BNPL is presented earlier in the shopping process [12][13][14] Venmo's Performance - Venmo has seen a 40% growth in volume for payments and a 65% growth in debit card usage, attributed to focused execution and partnerships with key merchants [18][19] - The company is on track to generate $2 billion in revenue from Venmo, with significant potential for further growth [22] Processing Business Improvement - The processing business has been turned around from negative margins to healthier margins through renegotiated contracts and investment in value-added services [25][26][27] - PayPal is now positioned to grow transaction margins through multiple business lines, including processing, Venmo, and BNPL [27][28] Branded Checkout Challenges - Branded checkout growth has been slower than expected, with online growth at 5% in Q3, and anticipated to be lower in Q4 due to economic pressures [32][33] - The company is focused on improving the checkout experience, particularly on mobile, to reduce friction and enhance conversion rates [35][36] Future Investments and Strategy - PayPal plans to invest in growth areas such as agentic commerce and BNPL, which may temporarily impact transaction margin growth in 2026 [60][61] - The company is committed to building a robust ecosystem for the long term, with a focus on consumer trust and seamless experiences [55][58] Agentic Commerce Potential - PayPal is positioned to lead in agentic commerce due to its trusted two-sided network, allowing for secure transactions and buyer protection [53][55] - The revenue model for agentic commerce will remain similar to branded checkout transactions, providing opportunities for market share growth [57] Long-Term Growth Projections - PayPal maintains long-term growth targets of 10% for transaction margin dollars and 20% for EPS growth, while being flexible in investment strategies to adapt to market shifts [59][60] Additional Insights - The company is aware of the need for consistent integration patterns with merchants, which has been a challenge due to historical practices [39][41] - PayPal's strategy includes leveraging cashback offers and marketing investments to drive consumer engagement and conversion [44][46] This summary encapsulates the key insights and strategic directions discussed during the PayPal Holdings FY Conference, highlighting the company's current performance, challenges, and future growth opportunities.

Financial Data and Key Metrics Changes - Total transaction value increased by 35% year-over-year, reaching $1.8 billion, driving processing revenue growth of 33% for the quarter [14][15] - Revenue for the third quarter was $104.3 million, a 26% increase compared to Q3 2024, with organic revenue growth of 25% [15][16] - Recurring revenue grew by 29% year-over-year, reaching $77 million, representing 74% of total revenue [16][19] - Gross margin increased to 49.3% from 45.7% in the prior year, with adjusted EBITDA rising to $18.2 million, representing 17.5% of revenue [17][19] Business Line Data and Key Metrics Changes - Processing revenue grew by 33% to $48 million, driven by a 17% increase in the install base of managed and connected devices [16][19] - Hardware revenue increased by 18% to $27 million, reflecting strong demand for products and solutions [16][19] - The install base of managed and connected devices grew by 17% year-over-year, exceeding 1.4 million devices [15][16] Market Data and Key Metrics Changes - The customer base expanded by 21% compared to Q3 2024, reaching nearly 110,000 customers [14][15] - The company is gaining market share in high transaction value verticals such as EV charging, amusement, and car wash, which drive significantly more revenue per customer [5][14] Company Strategy and Development Direction - The company is focused on profitable growth and expanding its market share in automated self-service solutions [4][5] - Nayax is pursuing acquisitions that align with its objectives of geographic expansion and technology enhancement, including a recent letter of intent to acquire Integral Vending in Mexico [9][10] - The launch of embedded banking products and e-commerce solutions is planned for early 2026, aimed at increasing recurring revenue per customer [9][39] Management's Comments on Operating Environment and Future Outlook - Management reiterated organic revenue growth guidance of at least 25% for the full year, driven by enterprise hardware sales and strong recurring revenue growth [12][20] - The company expects to maintain a robust hardware sales pipeline and is well-positioned to capture larger enterprise opportunities [12][20] - Management expressed confidence in the long-term opportunities ahead, supported by a growing base of connected devices and a disciplined focus on profitability [13][20] Other Important Information - The company has successfully integrated Nayax Capital into its broader embedded payment initiative, enhancing operational efficiency [11][19] - Cash and cash equivalents totaled $173 million, with a solid balance sheet and net cash position [19] Q&A Session Summary Question: Update on EV partnerships and shipment timing - Management confirmed that EV charging partnerships are accelerating, with expectations for significant hardware revenue growth in Q4 [24][25] Question: Smart Coolers market offerings and demand - Management highlighted partnerships in the U.S. and Europe for Smart Coolers, viewing it as a significant growth driver [27][28] Question: Embedded banking and e-commerce opportunities - Management indicated that embedded banking will launch in Q1 2026, with e-commerce solutions following for the EV market [36][39] Question: Average transaction values across different verticals - Management noted that average transaction values are growing faster in higher ticket verticals like EV charging and car washes [42][44] Question: M&A appetite and market dynamics - Management stated a continued prudent approach to M&A, with potential for larger acquisitions in the future while focusing on organic growth [59][60]