#China #Hangzhou #Lianlian DigiTech #Digital Payment #H1 2025

Lianlian DigiTech's Remarkable H1 2025 Performance

In an impressive display of financial strength, Lianlian DigiTech Co., Ltd. (HKEX: 2598), a frontrunner in China's digital payment solutions and global commerce digitization, announced its interim results for the first half of 2025. The company reported a staggering 26.8% increase in revenue, hitting a record high of RMB 782.7 million, while net profit soared to RMB 1.51 billion. This growth signals continuous operational prowess and innovation in the digital payments sector, especially as the company focuses on global clientele and cross-border transactions.

Key Financial Highlights

During the first half of 2025, Lianlian DigiTech achieved significant milestones:

• - Total Payment Volume (TPV): Reached an astonishing RMB 2.07 trillion, a year-on-year surge of 32.0%. This robust growth included a global TPV amounting to RMB 198.5 billion, up by 94.0% from the previous year.
• - Gross Profit: Attained RMB 406.2 million, maintaining a steady profit margin of 51.9%.
• - Operational Efficiency: Expenses related to various strategic projects, including web3 initiatives, declined by 6.5 percentage points, showcasing the company’s ongoing drive for operational efficiency.

Leadership Insights

CEO Mr. Xin Jie expressed enthusiasm regarding the company's performance, noting, "We maintained a strong operational momentum, with all business lines achieving substantial growth. Both global and domestic payment revenues, alongside value-added services, rose by over 20%." He emphasized the solid synergies between their domestic and global payment operations, contributing to an enhancement in overall transaction volumes.

CFO Ms. Wei Ping added that through refined management and relentless innovation, Lianlian DigiTech has optimized its cost structure, enabling sustainable profitability while continuing to invest in strategic initiatives. This positions the company favorably against its competitors.

Expanding Global Footprint

In the international market, Lianlian DigiTech deepened its strategic presence, equipping cross-border e-commerce channels and business clients across various sectors to facilitate real-time multi-currency settlements. For the first half of 2025, the global payment business recorded an impressive TPV of RMB 198.5 billion, reflecting a 94.0% increase year-over-year, with total revenue climbing to RMB 472.8 million, a 27.0% year-on-year growth.

The domestic payment business also exhibited strong growth, achieving a TPV of RMB 1.87 trillion—a 27.6% increase compared to the same period last year. Revenue from this segment rose to RMB 211.2 million, reflecting a 24.6% increase. The value-added services sector also saw steady growth, reaching RMB 89.6 million, marking a 34.2% year-on-year increase.

Future Directions

Looking ahead, Lianlian DigiTech is committed to advancing its technological edge through significant investments in artificial intelligence, blockchain technology, and innovative digital asset solutions tailored for cross-border payment needs. The company’s robust balance sheet, featuring RMB 1.56 billion in cash and cash equivalents, underpins its future growth ambitions.

As Lianlian DigiTech continues to innovate and enhance its service portfolio, it aims to deliver increased value and returns to its stakeholders. The company remains dedicated to maintaining its leading position in the competitive landscape of digital payment solutions and global commerce.