Lakala(SZ:300773)2025-05-26 08:14Business Strategy - The company is advancing its strategy of "promoting digital payments, sharing digital technology, and realizing data value" to strengthen its leading position in payment services while accelerating the integration of payment and SaaS [1] - In 2025, the company will focus on three key areas: (1) enhancing market promotion in the restaurant and retail sectors to achieve significant growth in merchant numbers; (2) consolidating its leading position in payment services and expanding cross-border payment capabilities; (3) implementing an "AI First" approach to upgrade operations and services through AI technology [2][3] Financial Performance - In 2024, the company's digital payment transaction volume reached CNY 4.22 trillion, with a 10.51% year-on-year decrease in Q1 2025 due to seasonal factors [23] - The company reported a net cash flow of CNY 899 million in 2024, a 137.8% increase year-on-year [33] - The overall gross margin for 2024 was 30.02%, an increase of 1.67 percentage points from 2023 [33] Cross-Border Payment Growth - The company served over 120,000 clients in cross-border payment solutions in 2024, a year-on-year increase of 80%, with transaction amounts reaching CNY 49.2 billion, up 14% [3][7] - In Q1 2025, the number of cross-border merchants and transaction amounts grew by 76% and 85% respectively [3] SaaS and AI Integration - The company is accelerating its SaaS transformation, focusing on the restaurant industry, with 50,000 new brand restaurant merchants covered in Q1 2025 [6][35] - The AI strategy includes deploying AI technology across various operations, achieving over 70% automation in customer service and 100% coverage in merchant onboarding audits [29][37] Market Expansion and Partnerships - The company has expanded its acceptance of foreign card transactions to 285 cities, with a 45% year-on-year increase in coverage [5] - Strategic investment in TianCai ShangLong aims to enhance the "payment + SaaS" model in the restaurant sector, leveraging their expertise in digital management [8][35] Shareholder Returns - The company announced a cash dividend of CNY 2 per 10 shares for 2024, totaling CNY 157.6 million [12] - The board approved a share buyback plan to enhance shareholder value by reducing the number of outstanding shares [22]