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One of China's largest third-party payment processors, providing POS/payment terminals and merchant payment services.
One of China's largest third-party payment processors, providing POS/payment terminals and merchant payment services.
Takes a small fee from each payment it processes, paid by the merchant, and also sells payment terminals. Earnings depend more on payment volume through small merchants than on price. It operates under a third-party payment licence from the central bank, a regulatory requirement for the business.
In one line: A China-focused Square/PayPal for SMEs.
Moat: narrow (network effects, regulatory licence, installed base). Holds a payment licence and a large merchant base, though Alipay/WeChat Pay compete hard.
Headquarters: Beijing, China · Founded: 2005 · Employees: 2,803
Size Lakala Payment (300773.SZ) is a China Information Technology company (Computer Processing Hardware) with a market value of $2.32B, the 1099th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥14.47 on 6 Nov 2026.
Performance Over six months the shares fell 25.2%, against -19.6% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 19 in its peer set.
Growth Revenue grew 17.0% over the last twelve months (peer median +8.6%); the operating margin is 4.4% (peer median 3.2%).
Valuation It trades at 17.4× forward earnings against a peer median of 16.4× (6th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +14 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.35B | CN¥5.54B | CN¥5.75B | CN¥5.92B | CN¥5.37B |
| Revenue growth | — | -4% | -3% | +10% | — |
| Gross profit | CN¥1.56B | CN¥1.35B | CN¥1.63B | CN¥1.55B | CN¥1.15B |
| EBITDA | n/a | CN¥402M | CN¥854M | CN¥857M | CN¥558M |
| Net income | CN¥1.70B | CN¥1.17B | CN¥351M | CN¥458M | -CN¥1.44B |
| Free cash flow | CN¥229M | CN¥579M | CN¥782M | CN¥379M | -CN¥726M |
| Capital expenditure | CN¥63.6M | CN¥43.9M | CN¥121M | CN¥185M | CN¥357M |
| Total debt | CN¥64.9M | CN¥425M | CN¥437M | CN¥432M | CN¥996M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Lakala Payment 300773.SZ | $2.32B | -25% | +17% | 4% | 17.4× | 14.2% |
| XGD 300130.SZ | $1.49B | -20% | +21% | 12% | 17.9× | 3.8% |
| PAX Global Technology 0327.HK | $444M | -21% | +10% | 16% | 4.0× | n/a |
| Yeahka 9923.HK | n/a | -45% | n/a | n/a | n/a | n/a |
| Newland Digital Technology 000997.SZ | $2.56B | -14% | +29% | 11% | 16.0× | n/a |
| Lianlian DigiTech 2598.HK | $452M | -49% | +118% | 43% | 88.7× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 300773.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.4% | -8.2% | 9th highest of 21 |
| 6-month return | -25.2% | -19.6% | 6th lowest of 19 |
| Distance from 52-week high | -36.9% | -39.0% | 10th highest of 21 |
| Revenue growth (TTM) | +17.0% | +8.6% | 6th highest of 18 |
| Operating margin | 4.4% | 3.2% | 11th highest of 21 |
| Forward P/E | 17.4× | 16.4× | 6th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 14.2% | 4.2% | 4th most demanding of 10 |
| Growth delivered (Del g) | 0.0% | +7.2% | 2nd lowest of 10 |
| Hurdle (Req g minus delivered) | +14.2 pp | -0.9 pp | most demanding of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lakala Payment 300773.SZ | China | $2.32B | -25% | +17% | 4% | 17.4× | 14.2% | 0.0% |
| Getac 3005.TW | Taiwan | $2.20B | +19% | +9% | 15% | 12.1× | -7.0% | +7.2% |
| Dongfang Electronics 000682.SZ | China | $2.06B | -21% | +14% | 7% | 13.7× | 8.9% | +17.4% |
| Acer 2353.TW | Taiwan | $2.63B | +4% | +15% | 2% | 16.4× | n/a | n/a |
| Infleqtion INFQ | United States | $2.00B | -27% | n/a | -315% | n/a | n/a | n/a |
| Willfar Information Technology 688100.SS | China | $1.98B | -28% | -9% | 20% | 22.4× | 17.0% | +15.5% |
| MiTAC 3706.TW | Taiwan | $2.98B | -16% | +44% | 4% | 8.8× | n/a | n/a |
| Venture V03.SI | Singapore | $3.22B | -21% | +1% | 10% | 16.4× | -1.3% | -3.4% |
| PCI Technology 600728.SS | China | $1.58B | -7% | +11% | 0% | 55.3× | 23.0% | +18.8% |
| NCR Atleos NATL | United States | $3.49B | +7% | +2% | 14% | 9.6× | -9.2% | +1.8% |
| XGD 300130.SZ | China | $1.49B | -20% | +21% | 12% | 17.9× | 3.8% | +3.8% |
| IQM Quantum Computers Oyj Sponsored ADR IQMX | United States | $1.49B | n/a | n/a | -492% | n/a | n/a | n/a |
| IQM Quantum Computers IQMX.HE | Finland | $1.41B | n/a | n/a | -492% | n/a | n/a | n/a |
| RGTI RGTI | United States | $3.92B | -38% | +68% | -728% | n/a | n/a | n/a |
| SDIC Intelligence Information Technology 300188.SZ | China | $1.35B | -15% | -15% | -53% | n/a | n/a | n/a |
| QBTS QBTS | United States | $4.05B | -25% | -44% | -1,373% | n/a | n/a | n/a |
| Kontron KTN.DE | Germany | $1.31B | -19% | -7% | 7% | 11.5× | 4.2% | +5.1% |
| Sichuan Furong Technology 603327.SS | China | $1.30B | -26% | +22% | 6% | n/a | n/a | n/a |
| Compal Electronics 2324.TW | Taiwan | $4.15B | +8% | -4% | 1% | 12.9× | n/a | n/a |
| Raspberry PI RPI.L | United Kingdom | $1.29B | -27% | +71% | 9% | 32.2× | 14.4% | +17.2% |
| Qisda 2352.TW | Taiwan | $1.28B | +7% | 0% | 1% | 24.3× | n/a | n/a |