Yeahka Limited reported a 24.9% rise in gross profit from one-stop payment services for the first half of 2026, even as total revenue fell 23.9% year-over-year to RMB 1.249 billion.
Net profit for the period reached RMB 41.9 million, marking the company’s best half-year profit margin since 2023 and extending its streak of year-over-year profit growth to four consecutive first-half periods. Domestic gross payment volume declined 23% to RMB 880 billion, while overseas gross payment volume surged 293% to approximately RMB 6 billion, according to Luke Liu, founder, chairman and CEO.
Domestic payment gross margins improved to 21.8% from 13.7% in the same period of 2025, while the domestic payment fee rate remained stable at 12.3 basis points. Overseas transaction fees averaged 63.1 basis points, roughly five times the mainland rate. Administrative and R&D expenses decreased 8.1% year-over-year, supporting the profit improvement.
Management outlined a strategic pivot toward larger chain merchants and higher-margin services, including in-store e-commerce and merchant solutions AI-generated videos, which reported gross margins exceeding 70% and 94% respectively. AI integration across front, middle and R&D offices was cited as a driver of cost efficiency and faster product development cycles.
The company declared its first interim dividend since listing, paying HKD 3 cents per share totaling approximately HKD 13.8 million. Shares closed 1.03% lower at $4.80, leaving the stock down 59% over the past year within a 52-week range of $4.68 to $12.30. Market capitalization stood at about $276 million, with a price-to-earnings ratio of 22.4.
Yeahka also highlighted expansion into overseas markets and the acquisition of a U.S. digital currency payment license, positioning overseas payments as a second engine for growth alongside domestic operations.
