According to the WiseNews app, Yeahka (09923) fell more than 4%, as of press time, it fell by 4.41%, to HKD 10.84, with a turnover of HKD 1.8284 million.

On the news front, Citigroup recently released a research report stating that it is starting a 90-day downward catalyst observation for Yeahka. The bank pointed out that weak offline consumption may have a potential negative impact on Yeahka's total payment transaction volume growth. In addition, the company faces competition from other bank transaction participants. The bank believes that there is potential downside risk to Yeahka's total payment transaction volume growth forecast for the first half of the year and the full year.

Yeahka achieved a revenue of RMB 3.951 billion in 2023, a year-on-year increase of 15.6%; the company's equity holders' share of 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%. During the period, the company's in-store e-commerce service revenue was RMB 103 million, a year-on-year decrease of 71%. Bocom Intl previously pointed out that there is still growth potential in the domestic market for payment business in China, but the growth rate will gradually slow down under a high base, and the transformation of in-store business and the expansion of overseas payment business still need to be verified.