On August 21, YEAHKA Limited ("YEAHKA" or "the Company", stock code: 09923), a leading commercial empowerment technology platform in China, announced its interim results for 2025. For the first half of 2025, the company recorded revenue of RMB 1.642 billion, representing a 4.0% increase compared to the same period last year, while profit for the period reached RMB 41.37 million, up 27% year-over-year.

YEAHKA maintained its leading position in one-stop payment services, with payment GPV reaching nearly RMB 1.14 trillion in the first half of 2025 and peak daily transaction volume approaching 60 million transactions. The overseas business, a key focus area for YEAHKA in recent years, sustained robust growth with transaction volume in H1 2025 exceeding the full-year 2024 figure, reaching RMB 1.5 billion.

Additionally, artificial intelligence technology continued to penetrate various business lines within YEAHKA Group, driving positive changes. Sales, administrative and R&D expenses decreased by 19.3% compared to the same period last year, with across-the-board reductions in various cost categories.

Liu Yingqi, Chairman and CEO of YEAHKA, stated: "We will persist with our long-term strategy of dual-engine growth driven by international expansion and product innovation. Facing technological waves such as artificial intelligence and blockchain, as well as forward-looking trends like digital currencies, we actively embrace transformation and continuously deepen innovative applications of these technologies in our business operations, constantly improving operational efficiency, product competitiveness and service intelligence levels to provide merchants with more efficient and innovative payment-based one-stop digital solutions."

**One-Stop Payment Services Maintain Leadership, Driving Quality Growth and Enhanced Profitability**

In the first half of 2025, YEAHKA's payment business saw gradual recovery in fee rates and profitability, with partnerships and digital ecosystem becoming more stable, providing strong support for the company's steady growth.

One-stop payment service revenue increased 6.1% year-over-year to RMB 1.429 billion, while business gross profit surged 110.3% to RMB 195 million, with gross margin climbing to 13.7%, significantly optimizing payment service profitability. YEAHKA attributed this to refined operations including dynamic pricing, multi-channel development, regional cultivation, and development of high-potential customers.

In terms of channels, YEAHKA partnered with over 7,000 SaaS partners, deepened collaboration with leading agents to enhance synergistic efficiency, and expanded into more lower-tier markets and prefecture-level cities. Simultaneously, YEAHKA actively explored industries with deeper service requirements and stronger payment willingness, such as major clients in property management and other key industries.

Consequently, YEAHKA's app-based payment peak daily transaction volume reached 60 million in H1 2025, with fee rates improving to 12.5 basis points during the reporting period, fully demonstrating YEAHKA's pricing power as a leading payment technology brand in China and merchants' high recognition of the company's one-stop services.

Notably, YEAHKA's overseas acquiring payment market also demonstrated strong profit growth potential. In H1 2025, overseas payment business fee rates reached 67.0 basis points with gross margins exceeding 50%. Due to overseas merchants' significantly higher average transaction volumes compared to the domestic market, their average profit margins and profit contributions far exceed domestic levels.

YEAHKA indicated that the company has established a relatively mature and easily replicable business model in overseas markets with accumulated strong performance. As the company successively obtains local payment licenses in major markets like the United States and Japan, overseas business contribution to total payment gross profit is expected to continue climbing.

**Overseas Business Maintains High-Speed Growth, Deepening Global Expansion**

Benefiting from YEAHKA's broader and deeper international channel coverage and cultivation in more vertical industries, the company's overseas business achieved steady high-speed growth in 2025. H1 overseas GPV exceeded RMB 1.5 billion, surpassing last year's full-year transaction volume of approximately RMB 1.1 billion, demonstrating strong market expansion capabilities and customer recognition.

In terms of channels, following successful acquisition of U.S. MSB (Money Services Business) status, YEAHKA successfully obtained Arizona MTL (Money Transmitter License) state-level payment license, continuously expanding its footprint across major global economies. The company also supported strategic partner HSBC in enhancing its collection management solutions by adding support for Alipay, Alipay HK, and WeChat Pay, while jointly exploring further cooperation in digital currencies and overseas markets.

Significantly, YEAHKA received formal approval from Japan's Ministry of Economy, Trade and Industry in July, authorizing online and offline QR code acquiring business operations in Japan, further consolidating local teams and existing business foundations while strengthening commercialization capabilities.

In terms of products, YEAHKA's payment and value-added service product lines continuously empower globally representative brands. Through group-invested enterprise Fuskey Technology, the company expands its service portfolio to provide customized services for international clients.

YEAHKA's AI Shop, created through investment enterprise Fuskey Technology, constructs demand-driven immersive shopping journeys for users. AI Shop dynamically generates product categories based on user conversations in familiar languages, creating personalized shopping experiences with seamless category switching throughout the process and proactive intelligent recommendations for optimal shopping combinations through personal preferences and behavioral data analysis.

**AI and Data Technology Drive Commercialization, Further Improving Gross Margins**

In 2025, YEAHKA continued leveraging AI Lab's cutting-edge technology and deep practical experience, integrating diverse large language models with profound insights into merchant business models to drive innovation in merchant and consumer experiences while significantly enhancing customer cost reduction, efficiency improvement, and revenue growth capabilities.

YEAHKA reported that benefiting from increased AI technology applications, continuously improving product profitability, maintaining strict cost control, and focusing on high-profit customer segments, H1 2025 merchant solutions revenue reached RMB 187 million with gross margin improving from 90.9% in the same period last year to 91.3%.

Among YEAHKA's subsidiaries, Chuangxinzhong Company enables merchants to automatically generate images and videos by simply inputting keywords, not only significantly saving labor costs for actors and editing but also producing large quantities of high-quality advertising materials in short timeframes, effectively helping merchants reduce costs and improve efficiency.

Financial data shows AI-generated content already accounts for 20% of Chuangxinzhong's total video production volume, with monthly digital human video transaction volume growing 40% month-over-month and material costs reduced by 80%. Chuangxinzhong has also become the first partner within ByteDance's ecosystem to convert content into public digital humans, jointly building an intelligent commercial empowerment ecosystem.

This has attracted major new e-commerce industry clients including JD.com, Meituan, and Kuaishou to increasingly adopt the company's services. YEAHKA's precision marketing business transaction volume exceeded RMB 1.7 billion in H1 2025, growing over 23% year-over-year and setting a new half-year historical high.

Following comprehensive strategic upgrades, YEAHKA continues advancing refined operational strategies for its local commerce business, achieving deeper integration with the company's payment services for resource sharing and complementary advantages, bringing merchants efficient marketing, convenient acquiring, and flexible redemption in a comprehensive one-stop experience.

The open Winsfor local business intelligence platform combines AI technology with digital marketing services to efficiently connect customers with mainstream platforms including Douyin, Xiaohongshu, Dianping, and Amap, further enhancing marketing conversion performance. The number of service stores continued growing compared to the same period last year, with new additions including renowned brands like China Telecom, Yili, and Midea.

In H1 2025, YEAHKA's local commerce business achieved break-even and realized consecutive monthly profits in the second quarter.

YEAHKA stated that as the foundation of company development, one-stop payment services will continue playing a core supporting role, injecting synergistic benefits and resource momentum into other business segments. The company will also continuously optimize the commercialization capabilities of merchant solutions and local commerce businesses, launching innovative products and services that better align with market trends and integrate cutting-edge technology to further enhance profitability and market share.