Half Year 2026 Yeahka Ltd Earnings Call Transcript
Key Points
- Overseas payments volume grew fourfold year-on-year to RMB6 billion, with revenue more than 5 times last year and margins 4 times higher than in Mainland China.
- Gross profit from one-stop payment services increased by 24.9% year-on-year, with gross margin expanding from 13.7% to 21.8%.
- In-store e-commerce GMV surged over 75% year-on-year to a record high, achieving net profitability with gross margin above 70%.
- Administrative and R&D expenses decreased by 8.1% year-on-year, driven by AI integration and digital employees, improving operational efficiency.
- The company declared its first interim dividend of HKD0.03 per share, signaling confidence in long-term profitability and shareholder returns.
- Domestic GPV decreased by 23% to RMB880 billion, impacted by a challenging macroeconomic environment in Mainland China.
- Total group revenue declined by 23.9% year-on-year to RMB1,249 million.
- Overseas payment fee rate declined year-on-year, attributed to early-stage business mix and focus on volume growth.
- Domestic GPV contraction is expected to continue as the company prioritizes profitability over volume growth.
- The company intentionally cut lower-profit customers, which may limit near-term revenue growth in the domestic market.
Ladies and gentlemen, good day, and welcome to Yeahka Limited 2026 Interim Results Announcement Call. (Operator Instructions) Please be advised that today's conference is being recorded.
I'll now pass the call to Mr. Vincent Chan, Head of Corporate Development and Capital Markets of Yeahka. Please go ahead, sir.
Thank you, and hello, everyone. Welcome to Yeahka's 2026 Interim Results Conference Call. Before we start, we would like to remind you this presentation includes forward-looking statements that involve a number of risks and uncertainties. Information on general market conditions comes from a variety of sources outside of Yeahka's control. Please refer to our disclosure documents on our website, IR section, for a detailed discussion of risk factors.
Now let me introduce the management team on today's call. Luke Liu, our Founder, Chairman and CEO, will kick off with a short overview. I will then provide a business overview. John Yao, our CFO, will conclude with
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