Core Viewpoint - The company reported a revenue of RMB 1.641 billion for the six months ending June 30, 2025, reflecting a year-on-year increase of 4.04%, with a profit attributable to equity holders of RMB 43.075 million, up 36.19% year-on-year, indicating strong growth in both domestic and international operations [1][2]. Group 1: Financial Performance - The company's revenue for the first half of 2025 was RMB 1.641 billion, a 4.04% increase compared to the previous year [1]. - Profit attributable to equity holders reached RMB 43.075 million, marking a 36.19% year-on-year increase [1]. - Basic earnings per share were reported at RMB 0.11 [1]. Group 2: Business Growth and Strategy - The overseas business demonstrated robust growth, with overseas GPV transaction volume exceeding RMB 1.5 billion in the first half of 2025, surpassing the total transaction volume of approximately RMB 1.1 billion for the entire previous year [2]. - The company’s overseas payment rate was recorded at 67.0 basis points, with a gross margin exceeding 50% [2]. - The company’s diversified business model and one-stop payment services for international brand clients highlight its global scalability [1]. Group 3: Operational Efficiency and Innovation - The company has seen a gradual recovery in domestic payment business rates and profitability, supported by strengthened partnerships and a more stable digital ecosystem [1]. - Continuous optimization of operational efficiency has been achieved, with the deepening application of artificial intelligence technology simplifying processes and reducing costs [1]. - The precision marketing business set a new transaction volume record in the second quarter, while the in-store e-commerce business achieved monthly profitability, enhancing overall sustainability [1].

Core Insights - The company reported a revenue of RMB 1.641 billion for the six months ending June 30, 2025, representing a year-on-year increase of 4.04% [1] - Profit attributable to equity holders reached RMB 43.075 million, a year-on-year increase of 36.19%, with basic earnings per share at RMB 0.11 [1] Group 1: Business Performance - The overseas business demonstrated strong growth, with overseas GPV transaction volume exceeding RMB 1.5 billion in the first half of 2025, surpassing the total transaction volume of approximately RMB 1.1 billion for the entire previous year [2] - The overseas payment fee rate was 67.0 basis points, with a gross margin exceeding 50%, indicating a robust performance compared to domestic levels [2] Group 2: Strategic Developments - The company is diversifying its business model by providing one-stop payment and value-added services to international brand clients, showcasing the scalability of its business model globally [1] - The strategic upgrade of the business model has led to sustained high-quality growth in value-added services, with precision marketing achieving record transaction volumes in Q2 and the in-store e-commerce business achieving monthly profitability [1] Group 3: Technological Advancements - Continuous optimization of operational efficiency across business lines has been noted, with the deepening application of artificial intelligence technology simplifying processes and reducing costs [1] - The company’s payment-based digital ecosystem offers unique merchant and consumer application scenarios, which, combined with ongoing product innovation, positions the company to capitalize on global digital currency trends [1]