Recently, Lakala Payment Co.,Ltd. (300773.SZ) announced that shareholder Sun Haoran has cumulatively reduced his holdings by 19.27 million shares through centralized bidding and block trading, representing 2.45% of the company's total share capital, with proceeds of approximately 493 million yuan.
Sun Haoran is the brother and person acting in concert with Lakala founder Sun Taoran, and was the company's third-largest shareholder.
Following this reduction, Sun Haoran will no longer hold any shares in Lakala Payment Co.,Ltd., marking his complete exit from the company's shareholder roster.
Additionally, Lakala's largest shareholder Lenovo Holdings (3396.HK) also reduced its holdings by 5.3596 million shares in late July, lowering its stake to 25.86%, and explicitly stated it may further reduce its holdings by 3% within the next three months.
Behind the successive share reductions by major shareholders lies Lakala's significantly pressured performance.
Financial reports show that in the first half of 2025, Lakala Payment Co.,Ltd. achieved revenue of 2.65 billion yuan, down 11.1% year-over-year. Affected by factors including the contraction of the bank card acquiring market and rigid operating costs, net profit was only 229 million yuan, nearly halving from 420 million yuan in the same period last year, a decline of 45.33%.
In 2024, Lakala Payment Co.,Ltd. achieved revenue of 5.762 billion yuan, down 2.98% year-over-year, and net profit of 351 million yuan, down 23.26% year-over-year.
Regarding the decline in 2024 net profit, Lakala Payment Co.,Ltd. attributed it mainly to higher investment gains in the same period last year and fair value change losses from disposing of equity stakes in financial institutions.
Amid sluggish performance, Lakala Payment Co.,Ltd. has launched two major initiatives.
On one hand, it announced plans for a Hong Kong listing.
In June this year, Lakala Payment Co.,Ltd. formally announced plans for overseas share issuance (H-shares). The core purpose is to advance its internationalization development strategy, establish a domestic and international dual-circulation framework, create an international capital operation platform, accelerate the application of digital currency in cross-border scenarios, and further enhance the company's international competitiveness.
On the other hand, it is transferring equity stakes in subsidiary companies.
In early August, Lakala Payment Co.,Ltd. announced that according to the company's strategic planning and operational development needs, to further optimize the company's asset structure and focus on its main business, it plans to transfer its 100% equity stake in Guangzhou Lakala Puhui Financing Guarantee Co., Ltd. and its 100% equity stake in Guangzhou Runxin Commercial Factoring Co., Ltd. to Guangzhou Zhongying Weirong Intelligent Technology Co., Ltd.; and transfer its 100% equity stake in Tibet Hongcheng Technology Development Co., Ltd. to Tibet Koala Jinke Network Technology Service Co., Ltd.
Furthermore, earlier this year, Lakala Payment Co.,Ltd. completely divested all shares it had held for seven years in Baotou Rural Commercial Bank through zero-yuan equity withdrawal (originally invested 119 million shares), with an estimated fair value change loss of approximately 135 million yuan.
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