Lakala ‘s first annual report after listing: net profit increased by more than 30%, and merchants ‘operating income doubled

Lakala ‘s first annual report after listing: net profit increased by more than 30%, and merchants ‘operating income doubled
In the second half of the Internet gameplay, it is difficult to continuously “break through” with only a single product, and more comprehensive service capabilities are needed.Lakala, which started from the payment business, realized the dream of going public in 2019 and was also busy changing the track to a comprehensive enterprise service company.On the evening of April 9, Lakala announced the 2019 transcript.  The financial report shows that in 2019, Lakala is attributable to the net profit of shareholders of listed companies8.6.0 billion, an annual increase of 34.5%, total assets 111.8.7 billion yuan, an increase of 122 from the beginning of the period.04%, undistributed profit reached 1.9 billion yuan.  The new engine supporting the rapid growth of the company’s performance is the merchant’s operating income.In 2019, the scale of Lakala service merchants exceeded 22 million, and the merchants’ operating business income reached 4.400 million, an increase of 120% a year.The reporter noted that the current payment business still has the highest contribution rate to the company’s profits, but Lakala has set a “small target”, and it is expected that the profit contribution of merchants’ business operations will reach 50% within three years.In order to make its main business bigger and stronger, Lakala also announced that it plans to spend a total of about 2.1 billion acquisitions to acquire 100% equity of technology companies.  The net profit of the service merchants exceeded 22 million, which has been growing rapidly for five consecutive years to pay for the initial Lakala. The remaining 90% of the revenue comes from the payment business.The reporter saw from the financial report that Lakala’s operating income in 2019 was 48.9.9 billion yuan, of which payment business is 43.4.6 billion yuan, accounting for 88% of the total revenue.7%.  Another set of data in the financial report also shows the deep foundation of Lakala’s payment business.The scale of first-class service merchants in Lakala exceeds 22 million.Among them, the number of merchants with an annual payment transaction size of less than 500,000 accounted for 95%, and the merchant’s acquiring transactions reached a good state of “small amount, communication, and activeness”.The payment technology business realized the expected amount of acquiring transactions3.25 trillion U.S. dollars, and the value of the scan code payment transaction was 640 billion U.S. dollars, an increase of 49 per year.76%, with 83 cumulative transactions.8.4 billion, an annual increase of 46.8%.  In 2019, Lakala’s net profit attributable to shareholders of listed companies was 8.6.0 billion, an annual increase of 34.5%, the rapid growth of net profit for 5 consecutive years, a cumulative increase of 559%.Based on the total shares of 40.01 million shares as of December 31, 2019, Lakala distributed a cash dividend of RMB 20 (including tax) for every 10 shares to all shareholders.share.  Turned into a comprehensive enterprise service provider.Merchants’ operating business income has increased by 120%. At present, they have entered the post-Internet era, and enterprises have upgraded from competing products to competing comprehensive service capabilities.Lakala, which takes payment as its entry point, has also begun to provide comprehensive services such as loans, wealth management, insurance, credit card issuance, and point consumption operations to small and medium-sized merchants.  Merchants’ business also brought good feedback to Lakala.The financial report shows that the business income of merchants other than payment in 2019 reached 4.4% 100%, an annual increase of 120%, has become another important engine to support the rapid growth of the company’s performance.  Among them, the most rapid growth was in the information technology business, which achieved revenue2 in the current period.5.6 billion, an annual increase of 208.27%.The e-commerce technology business has also developed rapidly, with a revenue of 92.59 million yuan, an annual increase of 48.7%.In 2019, Lacala’s independently developed point cloud connection supports 50 insertion point sources such as China Mobile, Industrial and Commercial Bank of China, Eastern Airlines, etc .; it enables the introduction of passenger flow and point consumption services for tens of thousands of offline brand merchants such as Wal-Mart, KFC, Pizza Hut and others.  In terms of fintech business, Lakala provides financial services and value-added services for small and micro merchants with a “payment +” model, achieving revenue of 93.53 million yuan, an annual increase of 67.08%.Through cooperation with banks and financial institutions, we have helped merchants successfully make more than 80,000 loans and successfully apply for more than 50,000 credit cards; the revenue from loan drainage services increased by 110%.  It is planned to spend US $ 2.1 billion to acquire emerging technology companies to enhance financial technology operation capabilities. With the arrival of the industrial Internet era, digital transformation and upgrading have become a hot spot in the industry and the entire market. How third-party payment institutions can help offline digital upgrades becomes an important issue.  Lakala also announced on April 9 that it intends to merge and enhance the company’s operating capabilities in the fintech field through acquisitions.The company plans to use its own funds19.09 billion acquisition of 100% equity of Guangzhou Zhongying Weirong Intelligent Technology Co., Ltd. held by Tibet Koala Jinke, a related party of the company, and plans to use its own funds RMB 2.The 07 billion shares of the company’s related parties, Tibet Koala Technology, Sun Taoran, and Tibet United Investment Corporation Huihe Company’s non-related party, Tibet Nashun Network, hold 100% of Shenzhen Zhongying Weirong Technology Co., Ltd.  According to Lakala, there are three counterparties in this transaction that are company-related legal persons, and Sun Taoran is a company-related natural person. Therefore, this investment constitutes a connected transaction, but does not constitute a major asset restructuring.The acquisition has been approved by the company’s board of directors and still needs to be submitted to the company’s shareholders’ meeting for election.  Sauna, Ye Wang Cheng Weimiao Editor Sun Yong proofreading He Yan