LianLian Reports 617 Million Yuan in H1 2024 Revenue, Up Over 40% Year-Over-Year
On August 20, 2024, Hong Kong-listed LianLian (2598.HK) announced its interim results for 2024.
According to the report, LianLian’s transaction payment volume (TPV) in the first half of 2024 reached 1.57 trillion yuan, representing a year-on-year increase of 120.1%. During the same period, the company’s total revenue rose 40.1% year-on-year to 617 million yuan. Gross profit also grew 20.3% year-on-year to 325 million yuan, with an overall gross profit margin of 52.6%. Additionally, the non-GAAP operating profit stood at 16.66 million yuan, showcasing LianLian’s solid financial performance and robust operational capabilities.
Founded in 2009, LianLian’s main business is divided into digital payment services and value-added services. The digital payment services encompass both global and d...