Total Payment Volume (TPV) Surged by 74% to
RMB2 Trillion
Revenue
Increased Significantly by 38%
Adjusted Earning of Core
Business was RMB16
Million,
with Dramatic Turnaround in
Operating Cash Flow
HONG KONG, May 8, 2024 /PRNewswire/ -- Lianlian
DigiTech Co., Ltd. ("Lianlian DigiTech" or the
"Company", HKEX: 2598), a leader in China digital payment solution market and
global commerce digitalization, today published its 2023 Annual
Report. In 2023, the Company's total revenue amounted to
RMB1.030 billion, a year-on-year
growth of 38%. The gross profit margin remained at a high level of
56%. Lianlian DigiTech's own non-GAAP earning amounted to
RMB16 million for the year. The
Company has registered a significant turnaround to positive
operating cash flow of approximately RMB95
million.
With Continuous Optimization of Business Structure, Revenue
from Core Businesses Increased Significantly Year on Year
With years of accumulated global license acquisition, strong
customer base, and solid product capabilities, Lianlian DigiTech's
core businesses registered growth in 2023. In 2023, the revenue of
digital payment services, which accounts for more than 80% of the
Company's total revenue, increased by 39% to RMB870 million. The total payment volume ("TPV")
of the Company's digital payment services also surged by 74%
year-on-year to RMB2 trillion. Among
the Company's digital payment services, the global payment revenue
grew by 37% to RMB660 million. The
domestic payment revenue increased by 44% to RMB220 million. The value-added services revenue
increased by 47% to RMB130 million,
and the value-added services emerged as a new growth highlight for
the Company.
Number of Active Customers Increased by Over 51% to 1.3
Million, Highlighting the Advantages of One-Stop Service
As of December 31, 2023, Lianlian
DigiTech's global license layout consists of 64 payment licenses
and relevant qualifications, covering seven major markets, namely
Hong Kong China, Singapore, the
United States, the United
Kingdom, Thailand, and
Indonesia. The Company serves over
100 countries and regions and manages transactions in over 130
currencies.
In 2023, the number of active customers Lianlian DigiTech served
reached 1.3 million, a year-on-year growth of 51%. Lianlian
DigiTech has created diverse digital payment application scenarios
to provide various customer types, including cross-border
e-commerce customers, platform and institutional customers, foreign
trade customers, and overseas education institutions with one-stop,
comprehensive digital solutions.
Looking ahead, Lianlian DigiTech is poised to seize the
potential of global trade and the opportunities presented by the
digitalization and globalization of Chinese enterprises.
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