Yeahka Limited (HK:9923)
:9923
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Yeahka Limited
(9923)
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Rating:55Neutral
Price Target:
HK$5.00
▼(-23.78% Downside)
Action:Reiterated
Date:05/01/26
The score is primarily supported by improving fundamentals (notably stronger 2025 operating profit, better recent free cash flow, and manageable leverage). It is held back by weak technical momentum (below major moving averages with negative MACD and low RSI) and a relatively high P/E without dividend support.
Positive Factors
Manageable leverage / balance-sheet flexibility
Improving leverage and sizable equity provide financial flexibility durable over months: the company can fund technology investment, support merchant onboarding, or absorb cyclical revenue dips without forcing urgent external financing, aiding strategic execution.
Negative Factors
Thin net margins
Low single-digit net margins constrain the company's ability to convert revenue into sustainable profits; this reduces buffer against cost inflation, limits retained earnings for reinvestment, and makes long-term earnings sensitive to small revenue or cost swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage / balance-sheet flexibility
Improving leverage and sizable equity provide financial flexibility durable over months: the company can fund technology investment, support merchant onboarding, or absorb cyclical revenue dips without forcing urgent external financing, aiding strategic execution.
Read all positive factors
Yeahka Limited (9923) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.31B
Dividend YieldN/A
Average Volume (3M)1.87M
Price to Earnings (P/E)18.8
Beta (1Y)1.61
Revenue Growth7.28%
EPS Growth6.77%
CountryHK
Employees871
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.23
Shares Outstanding462,162,450
10 Day Avg. Volume1,201,533
30 Day Avg. Volume1,866,956
Financial Highlights & Ratios
PEG Ratio6.86
Price to Book (P/B)0.96
Price to Sales (P/S)0.87
P/FCF Ratio14.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$9.25Price Target Upside40.96% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.38
Revenue Forecast (FY)HK$3.55B
Yeahka Limited Business Overview & Revenue Model
Company Description
Yeahka Limited operates a technology platform in China that delivers comprehensive payment and business services to both merchants and consumers. Its core offerings include end-to-end payment solutions, covering both app-based and traditional tran...
How the Company Makes Money
null...
Yeahka Limited Earnings Call Summary
Earnings Call Date:Aug 21, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Aug 20, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong international growth, particularly in AI-driven innovations and improved profitability metrics. However, domestic challenges and early-stage overseas contributions present some risks. The overall sentiment is positive due to the significant achievements and strategic advancements made by the company.Positive Updates
International Business Milestone
Overseas GPV exceeded CNY 1.5 billion in the first half of 2025, surpassing the total transaction volume for the full year 2024, highlighting a successful international strategy.
Negative Updates
Domestic Payment Industry Challenges
The domestic GPV faced challenges due to consumption downgrade and lowering of ticket size per transaction.
Read all updates
Q2-2025 Updates
Positive
Negative
International Business Milestone
Overseas GPV exceeded CNY 1.5 billion in the first half of 2025, surpassing the total transaction volume for the full year 2024, highlighting a successful international strategy.
Read all positive updates
Company Guidance
During the Yeahka Limited 2025 Interim Results Announcement Call, several key metrics and financial outcomes were discussed. The company's international operations achieved a milestone with a transaction value of CNY 1.5 billion in the first half of 2025, surpassing the full year of 2024. The gross profit in the first half of 2025 rose by 27.6% year-on-year to RMB 383 million, with an overall gross profit margin increasing to 23.3%. The one-stop payment services saw a gross margin increase from 6.9% to 13.7%, while merchant solutions achieved a gross margin of 91.3%. The net profit for the first half of 2025 was RMB 41.3 million, reflecting a 27% increase compared to the same period in 2024. Adjusted EBITDA also increased by 6.2% to RMB 173 million. These improvements were attributed to the strategic integration of AI technologies, which reduced operating expenses by 19.3% and financing costs by 52% year-on-year. Overall, the company's international and domestic growth strategies, particularly in AI and payment services, have laid a strong foundation for sustained high-quality growth.Yeahka Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
70
Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.31B | 3.09B | 3.95B | 3.42B | 3.06B |
| Gross Profit | 788.15M | 728.76M | 738.16M | 1.03B | 814.62M |
| EBITDA | 234.33M | 17.53M | 181.30M | 105.00M | 69.29M |
| Net Income | 92.24M | 82.45M | 11.63M | 153.92M | 420.93M |
Balance Sheet | |||||
| Total Assets | 8.23B | 7.71B | 8.42B | 7.29B | 6.76B |
| Cash, Cash Equivalents and Short-Term Investments | 2.34B | 600.24M | 901.50M | 1.61B | 2.09B |
| Total Debt | 1.00B | 967.92M | 1.24B | 1.09B | 551.25M |
| Total Liabilities | 5.32B | 5.12B | 5.80B | 4.61B | 3.56B |
| Stockholders Equity | 2.99B | 2.67B | 2.71B | 2.77B | 3.26B |
Cash Flow | |||||
| Free Cash Flow | 201.31M | 115.57M | -346.08M | 186.03M | -193.05M |
| Operating Cash Flow | 222.85M | 118.91M | -317.20M | 193.88M | -164.12M |
| Investing Cash Flow | -238.65M | 6.21M | -321.46M | -480.67M | -166.05M |
| Financing Cash Flow | 179.38M | -419.79M | -72.47M | -254.42M | -129.67M |
Yeahka Limited Technical Analysis
Negative
6.56
Price Trends
6.05
Negative
6.69
Negative
7.84
Negative
Market Momentum
-0.24
Positive
23.04
Positive
11.30
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9923, the sentiment is Negative. The current price of 6.56 is above the 20-day moving average (MA) of 5.72, above the 50-day MA of 6.05, and below the 200-day MA of 7.84, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 23.04 is Positive, neither overbought nor oversold. The STOCH value of 11.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9923.
Yeahka Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$116.16M | -93.08 | -0.96% | 8.40% | -29.38% | -104.21% | |
64 Neutral | HK$697.50M | 10.51 | 16.17% | ― | 43.85% | -15.29% | |
62 Neutral | HK$534.43M | 11.53 | 2.16% | 6.63% | -14.99% | -20.20% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | HK$4.52B | 2.31 | 67.29% | ― | 135.34% | ― | |
55 Neutral | HK$2.31B | 18.82 | 3.13% | ― | 7.28% | 6.77% | |
42 Neutral | HK$71.33M | -1.53 | 402.84% | ― | -56.52% | 6.67% |
* Technology Sector Average
HK:9923
Yeahka Limited
4.99
-8.47
-62.93%
HK:3315
Goldpac Group Ltd.
0.67
-0.13
-16.67%
HK:8017
TradeGo FinTech Ltd.
0.93
0.10
12.05%
HK:8062
EFT Solutions Holdings Ltd
0.24
-0.03
-10.37%
HK:8613
Oriental Payment Group Holdings Limited
0.04
-0.05
-57.47%
HK:2598
Lianlian DigiTech Co., Ltd. Class H
4.01
-6.79
-62.87%
Yeahka Limited Corporate Events
Yeahka boosts AI-led growth as payments and e-commerce accelerate in Q1 2026
Jun 5, 2026
Yeahka Limited reported strong commercialization progress in the first quarter of 2026, maintaining a leading market share in its domestic payment business and raising fee rates above 13 basis points through refined operations and deeper AI integr...
Yeahka Sets June 2026 AGM to Approve 2025 Results and Renew Share Issuance Mandate
May 8, 2026
Yeahka Limited has convened its annual general meeting for June 5, 2026 in Shenzhen, where shareholders will vote on the adoption of the audited financial statements for the year ended December 31, 2025, and receive reports from the board and exte...
Yeahka moves to modernize governance with new memorandum and articles
May 8, 2026
Yeahka Limited’s board has approved a proposal to adopt a fourth amended and restated memorandum and articles of association, subject to shareholder approval at its June 5, 2026 annual general meeting. The revisions are intended to modernize...
Yeahka Grants Performance-Based RSUs to 516 Staff Using Existing Shares
Mar 27, 2026
Yeahka Limited has granted 7,514,934 restricted share units to 516 grantees, equivalent to about 1.6% of its issued share capital, using existing shares rather than issuing new equity. The awards, which include grants to executive directors and ot...
Yeahka boosts profit and margins on overseas payment surge and AI-driven efficiency
Mar 26, 2026
Yeahka reported steady top-line growth for 2025, with total revenue rising 7.3% to RMB3.31 billion as both domestic and overseas payment operations expanded and fee rates improved. Domestic gross payment volume edged up to RMB2.34 trillion while o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.