On June 1, Lakala (SZ300773, stock price 24.60 yuan, market value 19.106 billion yuan) released the compiled interactive content of the 2025 and first quarter 2026 performance briefing.
The company’s director and general manager Wang Guoqiang, director, deputy general manager and financial director Zhu Guohai, independent director Cheng Leixi, board secretary Tang Hui and other senior officials attended the meeting and responded to issues of investor concern such as the company’s operating performance, payment business, artificial intelligence (AI) strategy, and cross-border layout.
The number of active merchants accepting wild cards in 2025 will increase by 43.5% year-on-year.
The QR code trading business has become one of the focuses of investors at this performance briefing.
Lakala disclosed that starting from the second quarter of 2025, the company’s QR code transaction amount has achieved year-on-year growth for four consecutive quarters.
In the first quarter of 2026, the company’s QR code scanning transaction amount was 414.7 billion yuan, a year-on-year increase of 31%.
The company explained that the rapid growth in the amount of code scanning transactions was mainly due to the increase in the number of active merchants using code tags and AI wallets, and the open platform has access to more medium and large industry customers.
In terms of card transactions, Lakala revealed that card transactions have stabilized and rebounded in the first quarter of 2026, with the transaction amount reaching 706.1 billion yuan, a year-on-year increase of 6% and a month-on-month increase of 21%.
In the first quarter of 2026, Lakala’s payment business achieved revenue of 1.385 billion yuan, a year-on-year increase of 20.06%, and the domestic comprehensive acquiring transaction volume was 1.12 trillion yuan, a year-on-year increase of 14%.
Cross-border payment business also maintains high growth.
In 2025, Lakala’s cross-border payment service customers will exceed 210,000, a year-on-year increase of 73.99%, and the transaction amount will be 88.9 billion yuan, a year-on-year increase of 80.69%.
In the first quarter of 2026, the scale of cross-border merchants and the amount of cross-border payment transactions increased by 62% and 39% respectively year-on-year.
Lakala said that it has seized the opportunity of the continuous improvement of trade liberalization within the RCEP (Regional Comprehensive Economic Partnership Agreement) region, and added local currency collection capabilities in Brazil, Mexico and other places in addition to Southeast Asia and Africa.
In terms of licenses, the company has obtained the US MSB (Money Services Business) license.
In terms of inbound tourism consumption facilitation, Lakara’s active merchants accepting foreign cards increased by 43.5% year-on-year in 2025, covering 300 domestic cities. The scale of foreign card payment acceptance increased by 117% compared with the previous year, and won JCB’s “Excellent Foreign Card Acquiring Partner Award”, Mastercard’s “Best Acquiring Contribution Award” and American Express’s “Excellent Acquiring Partner Award”.
In terms of SaaS (Software as a Service) business, as of the end of 2025, the company’s catering SaaS products have served more than 80,000 catering stores, and the two major retail SaaS products, cloud cashier and cloud shopkeeper, have cumulatively served more than 100,000 merchants, and have established cooperation with 399 SaaS platforms, covering physical retail, gas, catering, parking, leisure and entertainment and other fields.
As of the end of the first quarter of this year, its own funds exceeded 2.5 billion yuan.
AI is one of the strategic directions that management focused on most during this performance briefing.
According to reports, the listed company adheres to the strategic positioning of “digital business service provider for merchants” and vigorously promotes the “AI First” concept.
The company relies on a unified data layer and model layer to build an AI intelligent middle platform that supports the construction and implementation of more than 30 intelligent agents and continues to iterate.
In terms of specific results, the company disclosed that the AI customer service agent has replaced more than 70% of manual operations, and the AI review agent handles an average of 15,000 compliance reviews per day, with review accuracy exceeding 98%, and the amount of manual reviews has dropped by two-thirds.
The newly launched Lakala AI wallet provides merchants with nearly 100 business functions.
Regarding the temporary invalidation of the Hong Kong stock prospectus, Lakala responded that the expiration of the prospectus is a normal process for Hong Kong stock IPOs. The company will carry out relevant work based on market conditions and review processes, and will fulfill its information disclosure obligations in a timely manner for major developments.
In terms of RMB internationalization, Lakala said that internationalization focuses on cross-border payment services for Chinese enterprises and Chinese goods exporting overseas, and constantly looks for wider application scenarios of cross-border RMB.
In the field of investment, the industrial funds in which Lakala participated have invested in more than 60 companies, involving chip/semiconductor, artificial intelligence, autonomous driving, big data, Internet and other industries.
Lakala also said that as of the end of the first quarter of 2026, its own funds exceeded 2.5 billion yuan, and it has not been substantially affected by geopolitical issues.
