Reported 12 months ago
CTWANT Weekly | by Zhang Xinyu on June 29, 2024, at 1:09 am, LINE Pay held its shareholders' meeting on the 28th and approved the 2023 financial report. The third-party payment provider, LINE Pay (7722), listed on the Gretai Securities Market earlier this year. The stock's EPS was 8.09 yuan. Due to the company's growth stage, Chairman Ding Xiong emphasized the need to retain cash to support business expansion and other investment requirements, deciding not to distribute dividends for the 2023 fiscal year. Following the decision not to distribute dividends, LINE Pay's stock price rose by 2.08% to 550 yuan. LINE Pay currently has 12 million users and is one of Taiwan's most widely used third-party payment tools with high user penetration rates. With the popularity of mobile payments and increasing consumer demand for contactless payments, LINE Pay's transactions increased in 2023, leading to revenue of 4.928 billion yuan, a 28% increase from the previous year, and a net profit of 481 million yuan, with an EPS of 8.09 yuan.
Source: YAHOO