移卡在公告中表示，一站式支付服务及增值服务产品线继续赋能国际客户，并通过投资企业富匙科技扩大服务范围，商户行业组合进一步多元化，涵盖教 育、服装、美业等服务提供商。 11月24日，移卡有限公司发布2025年第三季度业绩的自愿性公告，其中海外业务依旧保持亮眼高速增长：第三季度单季度GPV（支付交易量）接近13亿元 人民币，超过去年全年海外GPV约11亿元人民币，比今年第二季度的8亿元人民币上升约50%。 封面新闻记者 付文超 国内业务方面，移卡国内商户及合作伙伴体系更加全面，不仅与美团等 SaaS 行业生态伙伴合作，共同拓展渠道并提升商户及消费者服务质量，更通过联 合收单合作银行等进一步夯实发展基础，由此推动国内一站式支付服务持续性盈利增长，第三季度支付交易量达人民币6,163亿元。 此外，移卡增值服务在拓展垂直行业客户方面持续取得显著进展，成功获得淘宝、携程及滴滴等知名平台企业的合作；AI自动生成的数字人视频在第三 季度交易量持续上升，进一步提升公司整体盈利的持续性。 ...

11月24日早间，移卡有限公司（以下简称移卡，HK09923）发布2025年第三季度业绩自愿性公告。海外 业务增长亮眼，第三季度海外支付交易量（GPV）接近13亿元人民币，超过去年全年海外GPV（约11亿 元人民币），比今年第二季度的8亿元人民币上升约50%；第三季度国内GPV为6163亿元人民币。 移卡表示，展望未来，公司将持续夯实业务根基，积极拓展新市场，为全球更多地区和商户提供行业领 先、技术前沿的数字解决方案。 对此，移卡在公告中表示，一站式支付服务及增值服务产品线继续赋能国际客户，并通过投资企业富匙 科技扩大服务范围；商户行业组合进一步多元化，涵盖教育、服装、美业等服务提供商，新增多个国际 知名品牌。 增值服务业务方面，2025年第三季度AI自动生成数字人视频交易量持续上升，到店电商业务自第二季 度起连续实现月度盈利。 公开资料显示，移卡于2021年开始探索海外市场，拓展海外支付业务服务范围，提供一站式支付服务、 本地生活业务出海服务等，为海外商户提供商务赋能解决方案。 国内业务方面，移卡国内商户及合作伙伴体系更加全面，不仅与美团等SaaS行业生态伙伴合作，共同拓 展渠道并提升商户及消费者服务质量， ...

单季度GPV接近13亿元人民币。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，移卡有限公司（以下简称"移卡"，9923.HK）于11月24日了发布有关第三季度 业绩的自愿性公告，其中海外业务依旧保持亮眼高速增长：第三季度单季度GPV接近13亿元人民 币，超过2024年全年海外GPV约11亿元人民币，比今年第二季度的8亿元人民币上升约50%。 对此，移卡在公告中表示，一站式支付服务及增值服务产品线继续赋能国际客户，并通过投资企业富 匙科技扩大服务范围，商户行业组合进一步多元化，涵盖教育、服装、美业等服务提供商，新增 Playmade、珍宝（Jumbo）及士林台湾小吃（Shihlin Taiwan Street Snacks）等多个国际知名 品牌。 公开资料显示，移卡于2021年开始探索海外市场，并在随后的时间里先后获得香港MSO、新加坡 MPI、美国MSB、美国MTL等牌照。除了一站式支付服务以外，移卡还同时推动商户解决方案及本 地生活业务出海，并且与海外投资公司形成业务协同，为海外商户提供更广泛的商务赋能解决方案， 逐步构建海外支付业务发展的独 ...

深圳商报•读创客户端记者 陈姝 公开资料显示，移卡于2021年开始探索海外市场，并在随后的时间里先后获得香港MSO、新加坡MPI、 美国MSB、美国MTL等牌照。 国内业务方面，移卡不仅与美团等 SaaS 行业生态伙伴合作，共同拓展渠道并提升商户及消费者服务质 量，更通过联合收单合作银行等进一步夯实发展基础，由此推动国内一站式支付服务持续性盈利增长， 第三季度支付交易量（GPV）达人民币6,163亿元。 经战略调整后，移卡到店电商业务自第二季度起连续实现月度盈利，海外市场拓展进展顺利。并且在 2025年第三季度成为港澳地区首批抖音服务商，为东芝、中国电信及海底捞等国际品牌提供服务。 与此同时，移卡增值服务在拓展垂直行业客户方面持续取得显著进展，成功获得淘宝、携程及滴滴等知 名平台企业的合作；AI自动生成的数字人视频在第三季度交易量持续上升，进一步提升公司整体盈利 的持续性。 11月24日，移卡有限公司发布有关第三季度业绩的自愿性公告，其中海外业务依旧保持亮眼高速增长： 第三季度单季度GPV接近13亿元人民币，超过去年全年海外GPV约11亿元人民币，比今年第二季度的8 亿元人民币上升约50%。 对此，移卡在公告 ...

Core Insights - The company, Yika (9923.HK), reported a revenue of 1.642 billion RMB for the first half of 2025, reflecting a year-on-year growth of 4% [1] - The net profit for the same period was 41.37 million RMB, showing a significant increase of 27% compared to the previous year [1] - Gross profit reached 383 million RMB, with a gross profit margin rising from 19.0% to 23.3% [1] Financial Performance - Payment Gross Payment Volume (GPV) for the first half of 2025 was 11.4 trillion RMB, a decrease of 1.9% year-on-year, attributed to macroeconomic fluctuations affecting average transaction amounts [1] - The payment fee rate was 12.5 basis points, an increase of 1.0 basis point from the previous year [1] International Expansion - Yika's overseas transaction volume exceeded 1.5 billion RMB in the first half of 2025, surpassing the total of approximately 1.1 billion RMB for the entire previous year [1] - The overseas payment business fee rate reached 67.0 basis points, with a gross profit margin exceeding 50% [1] - The company has obtained various licenses, including the US MSB and Arizona MTL, and has received approval from Japan's Ministry of Economy, Trade and Industry to conduct online and offline payment services [2] Business Lines and Growth Strategies - Yika operates three main business lines: one-stop payment services, in-store e-commerce services, and merchant solutions [2] - The gross profit margin for one-stop payment services increased significantly to 13.7% in the first half of 2025, up from 6.9% in the same period of 2024, attributed to refined operations and dynamic pricing strategies [2] - Value-added services, including merchant solutions and in-store e-commerce services, maintained a high gross profit margin of 88.5% [2]

Core Insights - The core viewpoint of the article highlights the financial performance and strategic advancements of the company, 移卡, during the first half of 2025, showcasing its resilience and growth in a challenging macroeconomic environment [1][3]. Financial Performance - 移卡 reported total revenue of 1.641526 billion RMB for the first half of 2025, reflecting a 4.0% increase compared to 1.577719 billion RMB in the same period of 2024 [1][3]. - The payment fee rate increased by 1.0 basis points, contributing to the revenue growth [3]. - The total payment transaction volume (GPV) for the six months ending June 30, 2025, was 1.1444 trillion RMB, a decrease of 1.9% year-on-year [3]. Revenue Composition - The company's core business, one-stop payment services, generated revenue of 1.429 billion RMB, accounting for 87.1% of total revenue, with a year-on-year growth of 6.1% [4]. - Merchant solutions service revenue was 187 million RMB, representing 11.3% of total revenue, with a year-on-year decline but a quarter-on-quarter increase of 35.8% [4]. - In-store e-commerce business revenue was 25.682 million RMB, making up 1.6% of total revenue, with a year-on-year decline of 10.9% [4]. Profitability - 移卡 achieved a profit of 41.373 million RMB, a significant increase of 27.0% from 32.58 million RMB in the same period last year, driven by improved payment fees and effective cost control [4]. International Expansion - 移卡 made significant progress in its international strategy, obtaining the US MSB federal payment license and the Arizona state MTL payment license, as well as formal approval from Japan's Ministry of Economy, Trade and Industry to conduct online and offline QR code payment services [4]. - The overseas business transaction volume exceeded 1.5 billion RMB, surpassing the total transaction volume of approximately 1.1 billion RMB for the entire previous year [3][4].

Core Insights - The company has shown progress in overseas expansion and AI applications, but the decline in core payment transaction volume raises concerns about growth potential [1][4] - Total payment transaction volume for the first half of 2025 was RMB 11,444 billion, a decrease of 1.9% compared to the same period last year, indicating challenges in a competitive market [1][4] Overseas Business Growth - The company has actively expanded in overseas markets, obtaining necessary licenses in the US and Japan, which lays a foundation for global operations [3] - Overseas transaction volume exceeded RMB 1.5 billion during the reporting period, surpassing the total of approximately RMB 1.1 billion for the entire previous year, with a payment fee rate of 67.0 basis points and a gross margin exceeding 50% [3] - Despite rapid growth, overseas business accounted for less than 0.15% of total transaction volume, indicating limited short-term impact on overall performance [3] AI Technology Application - The application of AI technology has significantly improved operational efficiency, with AI-generated content accounting for 20% of total video production by June 30, 2025 [4] - The adoption rate of AI-assisted writing programs is close to 40%, and 60% of human customer service processes have been replaced by AI, leading to a 19.3% reduction in sales, administrative, and R&D expenses compared to the previous year [4] - While AI has contributed to cost savings, it has not fundamentally resolved the challenges faced by the core payment business, as average transaction amounts per customer have declined [4] Profitability Improvement - The company's gross profit increased by 27.6% to RMB 383.0 million, with gross margin rising from 19.0% to 23.3% in the first half of 2025 [5] - Profit for the period rose from RMB 32.6 million to RMB 41.4 million, reflecting a 27.0% increase [5] - The improvement in profitability is primarily driven by fee increases and cost control rather than business scale expansion, raising concerns about the sustainability of this model in the long term [5]

Core Viewpoint - The company emphasizes a dual strategy of international expansion and product innovation to drive growth and enhance its competitive edge in the payment services market [2][4]. Financial Performance - In the first half of 2025, the company's revenue reached 1.642 billion RMB, reflecting a year-on-year growth of 4.0% [2]. - The profit for the same period was 41.37 million RMB, showing a significant increase of 27% compared to the previous year [2]. - The company's payment Gross Payment Volume (GPV) approached 1.14 trillion RMB, with peak daily transaction counts nearing 60 million [2]. International Expansion - The company's overseas business has become a focal point, with transaction volumes in the first half of 2025 surpassing the total for the entire previous year, reaching 1.5 billion RMB [3]. - The company successfully obtained the Money Services Business (MSB) license in the U.S. and the Money Transmitter License (MTL) in Arizona, facilitating its global expansion [3]. - In July, the company received formal approval from Japan's Ministry of Economy, Trade and Industry to conduct online and offline QR code payment services, strengthening its local operations [3]. Product Innovation - The company is enhancing its payment and value-added service product lines, collaborating with strategic partners like HSBC to improve payment management solutions [3]. - The introduction of AI Shop, developed through an investment in a tech company, aims to create a personalized shopping experience by dynamically generating product categories based on user interactions [3][4]. - The company is leveraging its experience in local life services and e-commerce to accelerate business development in Japan, Singapore, Hong Kong, and Macau [4]. Cost Management - In the first half of 2025, the company's sales, administrative, and R&D expenses decreased by 19.3% compared to the same period last year, indicating effective cost management [4]. Strategic Direction - The CEO stated the commitment to a long-term strategy focused on internationalization and product innovation, aiming to embrace technological advancements like AI and blockchain to enhance operational efficiency and service quality [4].

Core Insights - The company reported a revenue of 1.642 billion RMB for the first half of 2025, marking a 4% increase year-on-year, and a profit of 41.37 million RMB, which is a 27% increase compared to the same period last year [1] - The one-stop payment service showed strong performance with a total payment volume (GPV) of nearly 1.14 trillion RMB and peak daily transactions reaching nearly 60 million [1] - The company experienced rapid growth in overseas business, with transaction volume surpassing the total for the previous year, reaching 1.5 billion RMB [1] - The integration of artificial intelligence technology across various business lines has led to positive changes, with a 19.3% reduction in sales, administrative, and R&D expenses compared to the previous year [1] Revenue and Profitability - The one-stop payment service revenue increased by 6.1% to 1.429 billion RMB, with gross profit rising significantly by 110.3% to 195 million RMB, resulting in a gross margin of 13.7% [2] - The company attributes this improvement in profitability to refined operations, including dynamic pricing, multi-channel strategies, regional deepening, and the development of high-potential clients [2] - The overseas payment business demonstrated strong profit growth potential, with a fee rate of 67 basis points and a gross margin exceeding 50% in the first half of 2025 [2] Strategic Direction - The CEO emphasized a dual strategy of international expansion and product innovation, aiming to embrace technological trends such as artificial intelligence and blockchain [1] - The company has established a relatively mature and replicable business model in overseas markets, with expectations for continued growth in contributions to total gross profit as it secures local payment licenses in major markets like the U.S. and Japan [2]

Core Insights - The core viewpoint of the article highlights the financial performance of the Hong Kong-listed payment institution, Yika Co., Ltd., for the first half of 2025, showcasing growth in revenue and profit compared to the previous year [1] Financial Performance - Yika reported a revenue of 1.642 billion yuan for the first half of 2025, representing a 4.0% increase year-on-year [1] - The profit for the same period was 41.37 million yuan, showing a significant growth of 27% compared to the previous year [1] Transaction Metrics - The total payment Gross Payment Volume (GPV) reached approximately 11.4 trillion yuan, with a peak daily transaction count nearing 60 million [1] - Yika's overseas business transaction volume amounted to 1.5 billion yuan, surpassing the total transaction volume for the entire previous year [1] Profitability and Margins - The fee rate for overseas payment business stood at 67.0 basis points, with a gross margin exceeding 50% [1] - Revenue from one-stop payment services grew by 6.1% to 1.429 billion yuan, while the gross profit for this segment surged by 110.3% to 195 million yuan, resulting in a gross margin increase to 13.7% [1]