Yeahka's Strong 2026 Interim Results Mark a New Era with First Dividend Declaration Since Going Public
In a remarkable announcement, Yeahka Limited (Stock Code: 9923.HK), a leading payment-based technology platform, has revealed its interim results for the first half of 2026, boasting substantial financial growth and operational success.
During the six months ending June 30, 2026, Yeahka achieved a nearly 25% year-on-year increase in gross profit from its payment business, totaling RMB244 million. This impressive result elevated the overall gross profit margin from 23.3% to an impressive 28.8%. The company also reported a net profit of RMB41.9 million for the period, marking the highest half-year profit margin since 2023 and achieving profit growth for four consecutive years in the first half of the year.
The company's localized operations and expanded partnerships have driven business performance across Hong Kong, Macao, and other international markets, with gross payment volume (GPV) skyrocketing by 293.8% year-on-year to approximately RMB6 billion. Critical metrics indicate a rising fee rate of 63.1 basis points and a goal to align profit contributions from its payment business to 50% over the next three years. Moreover, Yeahka has secured a digital currency payment license in Arizona, enabling its strategy to launch online payment services in the U.S. and Asia, tapping into the growing demand for non-cash payments and value-added services.
Beyond payment services, Yeahka is also seeing significant growth in its value-added services. The first half of 2026 witnessed a remarkable 207% increase year-on-year in the transaction value of AI-generated video content, amounting to RMB244.1 million. Such innovations have garnered multiple awards for their creativity and effectiveness in marketing.
Yeahka's in-store e-commerce business is thriving, with gross merchandise volume (GMV) surpassing RMB3.2 billion—over 75% higher than the previous year. Revenue from this segment has also grown by 21.2% to RMB31.1 million, while gross profit rose by 26% to RMB22 million, contributing to a gross profit margin increase to 70.7%. This continuous growth underscores Yeahka's commitment to enhancing its commercial viability both domestically and internationally.
The ongoing efficiency improvements have been a key focus for Yeahka, with the administration and research and development (RD) expenses reduced by 8.1% year-on-year, highlighting the benefits of innovative technology in cost management. The integration of AI into Yeahka's business operations has strengthened its competitiveness and operational excellence.
Chairman and CEO Luke Liu emphasized that the company's focus on improving profitability continues to bear fruit. His remarks pointed to a future of sustainable growth driven by overseas expansion, product innovations, and disciplined cost management, assuring stakeholders of Yeahka's enduring profitability and stability. Liu articulated the strategic importance of enhancing customer engagement through AI, allowing merchants to optimize their operations while boosting revenues and retaining clients.
Vincent Chan, head of Corporate Development and Capital Markets, reinforced the significance of Yeahka's diverse offerings in the global payments landscape, emphasizing the need for a comprehensive approach that addresses broader everyday payment demands rather than being confined to specific corridors or categories.
Looking forward, Yeahka plans to continue expanding its global footprint while solidifying its domestic market position. The strategy includes replicating its successful international operating model in high-growth regions. Ongoing investments in AI will be crucial for enhancing product offerings and improving user experiences, ultimately aiming for profitability growth and creating enduring value for all stakeholders involved.
In light of these strong results, Yeahka has also declared its first interim dividend since its IPO, showcasing the company’s confidence in its continual growth and financial robustness. This announcement marks a pivotal moment in Yeahka’s evolution as it positions itself for sustained success in the rapidly changing landscape of payment technology.
Business Overview
During the six months ending June 30, 2026, Yeahka achieved a nearly 25% year-on-year increase in gross profit from its payment business, totaling RMB244 million. This impressive result elevated the overall gross profit margin from 23.3% to an impressive 28.8%. The company also reported a net profit of RMB41.9 million for the period, marking the highest half-year profit margin since 2023 and achieving profit growth for four consecutive years in the first half of the year.
Expansion and Growth
The company's localized operations and expanded partnerships have driven business performance across Hong Kong, Macao, and other international markets, with gross payment volume (GPV) skyrocketing by 293.8% year-on-year to approximately RMB6 billion. Critical metrics indicate a rising fee rate of 63.1 basis points and a goal to align profit contributions from its payment business to 50% over the next three years. Moreover, Yeahka has secured a digital currency payment license in Arizona, enabling its strategy to launch online payment services in the U.S. and Asia, tapping into the growing demand for non-cash payments and value-added services.
Technological Innovations
Beyond payment services, Yeahka is also seeing significant growth in its value-added services. The first half of 2026 witnessed a remarkable 207% increase year-on-year in the transaction value of AI-generated video content, amounting to RMB244.1 million. Such innovations have garnered multiple awards for their creativity and effectiveness in marketing.
In-Store E-Commerce Success
Yeahka's in-store e-commerce business is thriving, with gross merchandise volume (GMV) surpassing RMB3.2 billion—over 75% higher than the previous year. Revenue from this segment has also grown by 21.2% to RMB31.1 million, while gross profit rose by 26% to RMB22 million, contributing to a gross profit margin increase to 70.7%. This continuous growth underscores Yeahka's commitment to enhancing its commercial viability both domestically and internationally.
Efficiency through Innovation
The ongoing efficiency improvements have been a key focus for Yeahka, with the administration and research and development (RD) expenses reduced by 8.1% year-on-year, highlighting the benefits of innovative technology in cost management. The integration of AI into Yeahka's business operations has strengthened its competitiveness and operational excellence.
Leadership Insights
Chairman and CEO Luke Liu emphasized that the company's focus on improving profitability continues to bear fruit. His remarks pointed to a future of sustainable growth driven by overseas expansion, product innovations, and disciplined cost management, assuring stakeholders of Yeahka's enduring profitability and stability. Liu articulated the strategic importance of enhancing customer engagement through AI, allowing merchants to optimize their operations while boosting revenues and retaining clients.
Vincent Chan, head of Corporate Development and Capital Markets, reinforced the significance of Yeahka's diverse offerings in the global payments landscape, emphasizing the need for a comprehensive approach that addresses broader everyday payment demands rather than being confined to specific corridors or categories.
Future Outlook
Looking forward, Yeahka plans to continue expanding its global footprint while solidifying its domestic market position. The strategy includes replicating its successful international operating model in high-growth regions. Ongoing investments in AI will be crucial for enhancing product offerings and improving user experiences, ultimately aiming for profitability growth and creating enduring value for all stakeholders involved.
In light of these strong results, Yeahka has also declared its first interim dividend since its IPO, showcasing the company’s confidence in its continual growth and financial robustness. This announcement marks a pivotal moment in Yeahka’s evolution as it positions itself for sustained success in the rapidly changing landscape of payment technology.
Topics Financial Services & Investing）
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