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Yeahka Limited (09923.HK) received high ESG ratings from both S&P Global ESG Scores and Hang Seng Corporate Sustainability Indexes for its proactive implementation of ESG

indie
3 minutes

HONG KONG, Feb 3, 2023 - (ACN Newswire via SEAPRWire.com) - In 2022, Yeahka Limited (09923.HK) participated for the first time in the assessments for the S&P Global ESG Scores and Hang Seng Corporate Sustainability Indexes, earning impressive scores of 48 and A- (54.02), respectively. Yeahka's S&P Global ESG score is equal to Tencent's and higher than those of other internet companies such as Weimob, Meituan and Alibaba. Meanwhile, Yeahka's Hang Seng ESG score is higher than both the industry average (50) and the average score of all Hong Kong listed companies that participated in the assessment (52).Initiated by S&P Global in 1999, the S&P Global ESG Scores is one of the most influential and credible corporate sustainability assessments worldwide, with 11,000 companies invited to participate in 2022. The Hang Seng Corporate Sustainability Indexes is also a well-recognized ESG rating system among investment institutions, whose results are widely used in investment decisions.As sustainable development becomes the new consensus, ESG ratings have become an important indicator used by the capital market to assess a company's investment value. A high ESG rating implies m...

ACN Newswire

Jefferies maintains Buy rating on Yeahka(09923.HK)

indie
2 minutes

HONG KONG, Sep 2, 2022 - (ACN Newswire via SEAPRWire.com) - Yeahka, the leading payment-based technology platform in China announced its 2022 interim results in late August. During the period, total revenue climbed 17.1% to RMB1,641.8 million, gross profit rose 52.1% to RMB529.3 million, and gross margin increased from 24.8% to 32.2%."Yeahka's 1H revenue and adjusted EBITDA beat our estimates. Management highlighted multi-channels strategies to embrace in-store e-commerce opportunities and reaffirmed full-year GMV guidance. We expect it to maintain fast growth trend in 2023 due to the huge addressable market ahead. We revise our payment volume assumptions in 2H due to the recent resurgence of the pandemic and estimate take-rate to be better than expected for the full year." Jefferies says in its newly released research report.Jefferies emphasizes that Yeahka is one of the 16 payment service providers with a national bank card acquiring license and mobile phone payment license from the PBOC, which currently has 7.3m active payment service merchants. The payment business provides traffic, merchants and data insights to Yeahka, in particular payment and online marketing services. Back...

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Yeahka Announces 2022 Interim Results

indie
5 minutes

HONG KONG, Aug 30, 2022 - (ACN Newswire via SEAPRWire.com) - Yeahka Limited ("Yeahka" or the "Company", Stock Code: 9923), a leading payment-based technology platform in China, is pleased to announce the interim results for the six months ended 30 June 2022 (the "period" or "1H 2022").Financial Highlights-- During the period, the Company's total revenue reached RMB1,641.8 million, representing a year-over-year (YoY) increase of 17.1%. -- Gross profit during the period rose 52.1% YoY to RMB529.3 million, gross margin increased from 24.8% to 32.2%, gross profit contribution from non-payment business was 50%.-- Adjusted EBITDA amounted to RMB69.7million, increased by 39.7% compared with the second half of 2021.-- Gross profit of in-store e-commerce services reached RMB92.3million, gross margin reached 57.1%, increased by 76.9% and 6.6 percentage points respectively, compared with the second half of 2021.Operational HighlightsNumber of users and scale of one-stop payment services continued to grow:-- Total gross payment value ("GPV") of the payment services reached RMB1.06 trillion, up 7.4% YoY;-- The number of active payment service merchants increased 24.1% YoY to a historical high o...

ACN Newswire

Yeahka to Announce 2021 Annual Results on 31 March 2022, Actively Covered by 13 Leading Brokerages

indie
2 minutes

HONG KONG, Mar 29, 2022 - (ACN Newswire via SEAPRWire.com) - Industrial Securities initiated coverage on Yeahka Limited ("Yeahka" or the "Company") (09923.HK) with an "Overweight" rating. Since 2021, Yeahka has been covered actively by 13 leading brokerages (by alphabetic order), including China Renaissance, China Securities, CICC, CITI, CLSA, Daiwa, Essence Securities, Guosheng Securities, Guotai Junan Securities, Huatai Securities, Industrial Securities, Jefferies, and Zhongtai Securities.Yeahka's sustainable, solid growth is the key to the attention from these brokerages. Recently, Yeahka stated that it will announce its audited consolidated results for the year ended 31 December, 2021.The Company's management will host an earnings conference call on 31 March, 2022 at 8:00 PM Beijing Time (8:00 AM U.S. Eastern Time). Dial-in details for the earnings conference call are as follows:Mainland China: 400 820 6895Hong Kong, China: +852 3018 8307U.S.: 1833 239 5575 (Toll Free) / +1 332 208 9458U.K.: 0800 279 8053 (Toll Free) / +44 203 692 8123International: +65 6780 1201Passcode: 3779473About YEAHKA LIMITED (Stock Code: 9923.HK)Yeahka Limited is a leading payment-based technology platf...

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Unearth value of Chinese technology companies: In-depth comparison between Yeahka and Square

indie
11 minutes

HONG KONG, Jun 2, 2021 - (ACN Newswire via SEAPRWire.com) - Written by Francis Lun, CEO of GEO Securities Limited. We all want to find the next 10x stock, but we know it will not be easy. One of the easier ways would be to take reference of comparable stocks. Look for one among US stocks and see if it has a Chinese counterpart. Today, the "twin brothers" we want to look at are Yeahka and Square. In 2020, Square's price rose near eight folds in less than a year. Will Yeahka be able to replicate Square's "eight folds a year" miracle in the Chinese stock market? For more details: please go to https://www.acnnewswire.com/pdf/files/210602.pdf(Graph 1)(Graph 2.1 - 2.4)(Graph 3.1 - 3.2)(Graph 4)(Graph 5)(Graph 6.1 - 6.2)(Graph 7.1 - 7.2)(Graph 8.1 - 8.3)(Graph 9)Square is a mobile payment company in United States.In February 2009, Jim McKelvey, one of the founders of Square, sold his glass handicrafts in San Francisco. However, as most Americans have no savings and use credit card for daily spending, Jim McKelvey lost quite a few customers because he was not able to accept credit card payments.That was why Jim McKelvey founded Square - to provide credit card payment collection service to ...

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Yeahka’s Associated Company Fushi to Acquire 60% of Shenzhen Zhizhanggui Cloud Service

indie
2 minutes

HONG KONG, May 10, 2021 - (ACN Newswire via SEAPRWire.com) - Yeahka Limited (Stock Code: 9923), a leading payment-based technology platform in China, announced that Shenzhen Zhizhanggui Cloud Service Co., Ltd. ("Zhizhanggui") and Shenzhen Leshou Cloud Technology Co., Ltd. ("Leshou"), both indirect wholly-owned subsidiaries of Yeahka, have entered into a non-legally binding memorandum of understanding with Fushi Technology (Shenzhen) Co., Ltd. ("Fushi"), an associated company of Yeahka which the Company holds approximately 47.58% equity interests in aggregate through its indirect subsidiaries, in relation to the potential disposal of 60% Zhizhanggui's equity interests by Leshou to Fushi (the "Potential Disposal"). The Potential Disposal equates to a consideration of approximately RMB201.9 million, based on a valuation of Zhizhanggui of approximately RMB336.5 million.The Potential Disposal, if consummated, is expected to realize gains before tax from asset disposals of over RMB200 million for the Company. Fushi is an important member of Yeahka's ecosystem, expanding its merchant base and providing services to more than 420,000 merchants with peak transaction counts of over 8,380,000 ...

ACN Newswire

CICC Initiates Yeahka at OUTPERFORM with HK$98.20

indie
2 minutes

HONG KONG, Mar 10, 2021 - (ACN Newswire via SEAPRWire.com) - CICC initiates coverage on Yeahka Limited (9923), a leading payment-based technology platform in China, with an "outperform" rating and a target price of HK$98.20. CICC is upbeat on Yeahka's dual-growth-driver (payment + value-added services) business model and the growth potential of the Company's QR code payment and marketing services.Key takeaways from the report include:Core payment services: Yeahka concentrates on offering integrated QR code payment services for small and micro merchants: 1) QR code payment: CICC expects Yeahka to achieve rapid growth in the next 5 years; 2) QR code payment services feature high-frequency and wide consumer base; 3) Yeahka's high revenue-sharing ratio for sales agents and its strategy that targets small and micro merchants will drive rapid growth in merchant volume. Value-added businesses: Huge room for commercialization based on its "data + scenario + traffic" business model: 1) Marketing services: CICC expects high-frequency transactions (QR code payment) and dual expansion drivers (proprietary R&D + M&A) to be the key drivers for Yeahka's revenue and profit growth; 2) Merch...

ACN Newswire

CICC Initiates Yeahka at OUTPERFORM with HK$98.20

indie
2 minutes

HONG KONG, Mar 10, 2021 - (ACN Newswire via SEAPRWire.com) - CICC initiates coverage on Yeahka Limited (9923), a leading payment-based technology platform in China, with an "outperform" rating and a target price of HK$98.20. CICC is upbeat on Yeahka's dual-growth-driver (payment + value-added services) business model and the growth potential of the Company's QR code payment and marketing services.Key takeaways from the report include:Core payment services: Yeahka concentrates on offering integrated QR code payment services for small and micro merchants: 1) QR code payment: CICC expects Yeahka to achieve rapid growth in the next 5 years; 2) QR code payment services feature high-frequency and wide consumer base; 3) Yeahka's high revenue-sharing ratio for sales agents and its strategy that targets small and micro merchants will drive rapid growth in merchant volume. Value-added businesses: Huge room for commercialization based on its "data + scenario + traffic" business model: 1) Marketing services: CICC expects high-frequency transactions (QR code payment) and dual expansion drivers (proprietary R&D + M&A) to be the key drivers for Yeahka's revenue and profit growth; 2) Merch...