According to the Zhitong Financial APP, Yeahka (09923) fell more than 5%, and as of the press time, it fell 5.49% to HKD 10.32, with a turnover of HKD 3.4713 million.
In terms of news, Yeahka achieved revenue of RMB 3.951 billion in 2023, an increase of 15.6% year-on-year; the company's equity holders' net profit was RMB 11.627 million, a year-on-year decrease of 92.45%; gross profit was RMB 738 million, a year-on-year decrease of 28.4%. The company's in-store e-commerce service revenue for the period was RMB 103 million, a year-on-year decrease of 71%. Guohai Securities previously stated that the growth rate of the company's in-store e-commerce business is still under pressure in the short term, mainly due to the intensification of competition from Douyin's local life service providers. However, the business gross margin has improved significantly, and the trend of turning losses into profits remains unchanged.
Citigroup's recent research report pointed out that it will observe the downward catalyst of Yeahka for 90 days. The bank pointed out that the weak offline consumption will have a potential negative impact on the total payment transaction volume growth of Yeahka. In addition, the company faces competition from other bank transaction participants. The bank believes that there is a potential downside risk to the total payment transaction volume growth forecast for Yeahka in the first half of the year and the total payment transaction volume recovery forecast for the whole year.