Yeahka Q1 2026 Update: Overseas GPV Hits RMB2.44 Billion, In-Store E-Commerce GMV Up 68%; AGM Approves All Resolutions and New Articles

Yeahka Limited reported solid commercialisation progress for the first quarter of 2026, driven by both domestic optimisation and rapid overseas expansion.

Domestic payment operations retained a leading market share, and refined management pushed the average fee rate above 13 basis points. Continuous integration of artificial intelligence into payment settlement and operating processes further improved efficiency and profitability sustainability.

Overseas performance was the standout contributor. Gross payment volume rose approximately four-fold year-on-year to RMB2.44 billion, with a fee rate exceeding 60 basis points. Overseas profit accounted for more than 10% of total payment-business profit, an all-time high, supported by localised teams and expanded collaboration with strategic partners.

Within merchant solutions, AI-driven products underpinned growth; AI video transaction volume more than tripled from a year earlier. The company’s innovation capabilities were recognised with multiple “Creative Intelligent Manufacturing” and “Performance Breakthrough” awards from ByteDance/Douyin’s Ocean Engine.

The in-store e-commerce segment remained profitable. Gross merchandise value reached RMB1.42 billion, up 68.40% year-on-year, underpinned by higher average GMV per customer, improved repurchase conversion and stronger revenue and profit per customer metrics.

At the Annual General Meeting on 5 June 2026, shareholders approved all resolutions by poll. Key outcomes included:

• Receipt and adoption of the FY2025 audited financial statements (100% in favour). • Re-election of Executive Directors Liu Yingqi and Yao Zhijian and Independent Non-Executive Director Tam Bing Chung Benson (approval range: 98.31%–99.93%). • Re-appointment of PricewaterhouseCoopers as auditor (99.31% in favour). • General mandates granted for share issuance (up to 20% of issued shares) and share repurchase (up to 10%). • Adoption of the fourth amended and restated Memorandum and Articles of Association, passed as a special resolution with 99.98% support.

As of the AGM date, Yeahka had 462.16 million shares in issue, with 1.35 million held in treasury. All seven directors attended the meeting, and Computershare Hong Kong Investor Services Limited acted as scrutineer.