Hong Kong, Frontier Post – Yeahka Limited (“Yeahka” or the “Company”), a leading payment-based technology platform, has announced the approval of an additional US$100 million for on-market share repurchase and RSU share purchase. This move showcases the Company’s unwavering confidence in its long-term business prospects.
Solid Growth and Recovery in Domestic Consumption
Yeahka’s latest results announcement dated August 24, 2023, reveals the Company’s remarkable growth as its businesses benefit from the recovery in domestic consumption. Here are the key highlights:
1. Impressive Payment Services Performance
The total gross payment volume (GPV) of Yeahka’s one-stop payment services soared to RMB1,419.2 billion, experiencing a substantial 33.5% year-on-year increase. This remarkable growth demonstrates Yeahka’s ability to capture a significant portion of the payment market.
2. Rapid Expansion of In-store E-commerce Services
Yeahka’s in-store e-commerce services also witnessed remarkable growth, with total gross merchandise value (GMV) exceeding RMB2.4 billion, showcasing an impressive 78.9% year-on-year increase. This expansion signifies Yeahka’s commitment to providing consumers with convenient and reliable local lifestyle services.
3. Strong Revenue Growth
Yeahka’s total revenue reached an impressive RMB2,062.2 million, indicating a substantial 25.6% year-on-year increase. Notably, revenue from one-stop payment services alone experienced a remarkable surge of 44.3%, amounting to RMB1,835.3 million. This robust revenue growth reflects Yeahka’s ability to generate sustainable value for its merchants and consumers.
4. Exponential Increase in Adjusted EBITDA
Yeahka’s adjusted EBITDA skyrocketed to RMB290.9 million, showcasing an outstanding 317.4% year-on-year increase. This exponential growth demonstrates the Company’s efficient cost management and its ability to drive profitability while expanding its business lines.
Share Repurchase Plan: A Testament to Long-term Value
With solid growth across all business lines, Yeahka maintains a strong cash flow and has approved a US$100 million Share Repurchase Plan. This plan showcases the Company’s long-term value and its commitment to creating value for shareholders.
Yeahka: Revolutionizing Payment Solutions
Yeahka Limited (Stock Code: 9923.HK) is dedicated to creating value for merchants and consumers through its leading payment-based technology platform. The Company aims to build an independent and scalable commercial digitalized ecosystem that enables seamless, convenient, and reliable payment services.
1. Empowering Merchants and Consumers
Yeahka’s primary goal is to enable merchants and consumers to enjoy seamless payment experiences while ensuring security and reliability. By leveraging its advanced technology platform, Yeahka revolutionizes the payment landscape by offering innovative solutions that enhance customer satisfaction and drive business growth.
2. Diversified Product Portfolio
Yeahka’s product portfolio is designed to cater to the evolving needs of merchants and consumers. With in-store e-commerce services, Yeahka provides consumers with local lifestyle services of great value, fostering a vibrant ecosystem where merchants can thrive.
3. Merchant Solutions for Business Growth
Yeahka’s merchant solutions empower businesses by enabling them to better manage and drive growth. With comprehensive tools and analytics, merchants gain valuable insights into customer behavior and preferences, allowing them to make informed decisions and optimize their operations.
Inspiring Confidence in Yeahka’s Future
Yeahka’s latest announcement of the US$100 million Share Repurchase Plan not only demonstrates the Company’s unwavering confidence in its long-term business prospects but also serves as a testament to its commitment to creating value for shareholders.
With solid growth in all business lines, Yeahka continues to innovate and expand its product portfolio, catering to the diverse needs of merchants and consumers alike. This dedication positions Yeahka as a leading player in the payment industry, poised for continued success in the future.
In conclusion, Yeahka Limited’s approval of the US$100 million Share Repurchase Plan reflects its confidence in the long-term prospects of its business. With remarkable growth in payment services, in-store e-commerce services, revenue, and adjusted EBITDA, Yeahka continues to revolutionize the payment landscape while empowering merchants and consumers alike.