Yeahka Limited released its 2026 interim results, posting RMB 41.92 million in net profit for the six months ended 30 June 2026, up 1.3% year on year and marking its strongest half-year margin since 2023.
Revenue fell 23.9% to RMB 1.25 billion as domestic payment volumes contracted, yet overall gross profit slipped only 6.0% to RMB 360.13 million as the Group lifted consolidated gross margin 5.5 ppts to 28.8%. One-stop payment services were the core profit engine: segment gross profit rose 24.9% to RMB 243.99 million, expanding margin to 21.8% (1H25: 13.7%).
A sharp rise in business outside Mainland China offset softer domestic conditions. Gross payment volume in Hong Kong, Macao and overseas markets quadrupled to roughly RMB 6.0 billion (+293.8%), with a fee rate of 63.1 bps and gross profit of RMB 16.39 million (+137.1%). Management targets this region to generate about 50% of payment-segment profit within three years and has secured a digital-currency payment licence in Arizona to support upcoming U.S. and Asian expansion.
Value-added services maintained momentum: AI-generated video solutions processed RMB 244.1 million in transaction value (+207%), while in-store e-commerce gross merchandise value surged 75% to RMB 3.22 billion. The latter delivered revenue of RMB 31.14 million (+21.2%) and a 70.7% gross margin.
Tighter cost discipline bolstered results. Combined administrative and R&D expenses fell 8.1% year on year, underpinning the profit increase despite lower turnover.
Financially, cash and cash equivalents rose 14.6% to RMB 865.04 million, while the liabilities-to-assets ratio eased to 61.2% (end-2025: 64.7%). The Board declared the Company’s first interim dividend since listing, HK$0.03 per share, totalling approximately HK$13.8 million, and signalled that further share buy-backs and dividends remain under consideration.
During the period, the Company repurchased 973,600 shares for HKD 5.6 million (0.21% of issued shares), all retained as treasury stock. Controlling shareholder Creative Brocade International Limited acquired an additional 1,507,600 shares (0.33% of issued shares), demonstrating confidence in Yeahka’s prospects.