Hong Kong, August 20, 2026 – Lianlian DigiTech Co., Ltd. (HKEX: 2598) (“Lianlian DigiTech” or the “Company”), an AI-driven digital payment service provider headquartered in China with a global footprint, today reported interim results for the six months ended June 30, 2026. Following the announcement of its AI-Native + Globalization strategic upgrade during the period, the Company delivered growth across revenue, profitability, and product development, reflecting early execution of the new strategy. 

Results Highlights

• Total Transaction Payment Volume (TPV) for global payments reached RMB 249.9 billion, up 25.9% year-over-year
• Total revenue grew 11.9% year-over-year to RMB 875.6 million; global payment revenue reached RMB 600.9 million, and domestic payment revenue was RMB 106.0 million. Value-added services revenue increased 83.2% year-over-year to RMB 164.2 million
• Gross profit reached RMB 454.4 million with a gross profit margin of 51.9%; global payment gross margin reached 70.8%
• Adjusted operating profit increased 147.3% to RMB 156 million, excluding all non-operating items
• Global regulatory footprint expanded to 68 payment licenses and qualifications, including new approvals in Canada and Dubai

Mr. Zhang Zhengyu, Chairman and CEO of Lianlian DigiTech, commented,

“In the first half of 2026, we made solid progress across all three growth pillars. We sharpened our focus on high-value customers and captured opportunities in global cross-border trade to sustain high-quality growth in our core business. Our AI-Native + Globalization strategy drove product delivery, with the launch of a series of AI products, alongside key breakthroughs in Agentic Payment that extended our services beyond payments. We also continued to expand our ecosystem and deepen our presence across the fintech and AI value chains. Guided by our mission, ‘Connecting the world, Empowering global commerce’, Lianlian remains committed to creating long-term, sustainable value for our customers and shareholders.”

Ms. Wen Yingse, CFO, Lianlian DigiTech, said,

“Despite a complex market environment, we delivered solid results in the first half of 2026 — both revenue and gross profit grew approximately 11.9% year-over-year, and adjusted operating profit more than doubled, reflecting continuous improvement in profitability and operating quality. We also continued to optimize our organizational structure and resource allocation, reducing our combined expense ratio from 60.3% to 51.9%, down 8.4 percentage points year-over-year. Looking ahead, we will continue to focus on core business growth, deepen the integration of AI in our business operations, capture economies of scale, and prudently expand ecosystem partnerships, strengthening our long-term, stable and sustainable competitive advantage in the global market.”

Global Payments

In its global payment business, Lianlian continued to expand its addressable market. On the product side, the Company accelerated the development of intelligent payment capabilities, embedding AI into operational processes to support enterprise efficiency and performance. The Company continued to focus on high-value enterprise clients going global and broaden its global payment services across B2B trade and service trade, expanding the range of cross-border business scenarios it supports. With a payment infrastructure spanning 68 licenses and qualifications across key international markets, including a newly obtained Canadian MSB license and a Dubai Category 3D payment license, Lianlian is well positioned to serve as a long-term operational partner for enterprises conducting business globally.

Domestic Payments and Value-Added Services

In the domestic payment sector, Lianlian maintained compliance with applicable regulatory requirements while making proactive adjustments to its resource allocation, deprioritizing lower-contributing transaction categories. The Company also strengthened the integration of its domestic capabilities with its global payment network, creating additional value for clients with cross-border operational requirements. Value-added services continued to grow as a significant revenue contributor in H1 2026. Lianlian continued to expand its payment service value chain and deepen the integration of payment capabilities across a range of commercial scenarios, driving demand for value-added services such as virtual bank cards, intelligent marketing, and other embedded financial services. As a result, segment revenue increased 83.2% year-over-year to RMB 164.2 million. The performance of this segment reflects the increasing integration of Lianlian’s payment capabilities into broader enterprise workflows, providing end-to-end support for companies in their international expansion and operational efficiency improvements.

AI-Native + Globalization Strategy Delivers Tangible Products

In H1 2026, Lianlian DigiTech translated its AI-Native + Globalization strategy into a series of concrete products and capabilities, delivering measurable outcomes for customers across its key business segments. Agent Wallet was launched as an intelligent payment infrastructure developed to address core payment requirements in the agent era, extending Lianlian’s capabilities beyond conventional payment processing. In addition, the launch of multiple AI products and enterprise-grade agent platforms further enhanced its intelligent service system. These developments were supported by deeper integrations with global network partners including Visa and UnionPay International, advancing agentic payment applications from technical validation to live deployment.

Capital Management and Shareholder Returns

Lianlian maintained a disciplined approach to capital management. Since initiating its share repurchase program in April 2025, Lianlian has repurchased approximately 40 million shares in total, returning more than HK$250 million to shareholders.

Outlook

Lianlian will continue to execute on its AI-Native + Globalization strategy, deepening its global footprint and strengthening competitive advantages built on trust, data and global payment network effects, and empowering Chinese enterprises for high-quality global expansion.

For more information, please refer to the 2026 interim results announcement: 

https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0820/2026082001339.pdf

–End–

About Lianlian DigiTech

Lianlian DigiTech Co., Ltd. (“Lianlian DigiTech” or “Lianlian”) was founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (stock code: 2598.HK). As a leading AI-driven digital payment service provider headquartered in China with a global footprint, Lianlian adheres to its mission of “Connecting the world, Empowering global commerce” and pursues an “AI-Native + Globalization” strategy. Lianlian is committed to building a trusted global intelligent financial infrastructure, enabling seamless connectivity between Chinese enterprises and global businesses.

The Company’s core business comprises digital payment services and value-added services. Digital payment services encompass global and domestic payments and include a variety of products such as pay-in, pay-out, acquiring, foreign exchange, virtual bank card, and payment aggregation services. Value-added services focus on business and technology services that deeply integrate with payment scenarios.

As of June 30, 2026, the Company has established a global licensing portfolio comprising 68 payment licenses and related qualifications. As the only Chinese provider holding all state-level money transmitter licenses in the U.S., the Company’s regulatory leadership remains a core competitive advantage. Furthermore, its VATP license positions it at the forefront of digital currency and blockchain technology-based financial services. Lianlian supports services in more than 200 countries and regions, enables transaction settlement in over 140 currencies, and has served a cumulative total of over 13.3 million customers. 

For enquiries, please contact: 

Burson Group 

Isaac Chan     Tel: (852) 6685 9096 

Joyce Zhan     Tel: (852) 9142 2528 

Email: lianlian@hkstrategies.com

Media Contact

Organization: LianLian

Contact Person: LianLian PR Department

Website: https://www.lianlian.com/

Email: Send Email

Country:China

Release id:48426

The post Lianlian DigiTech Announces 2026 Interim Results with H1 Revenue Reaching RMB 880 Million appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

Hong Kong, August 20, 2026 – Lianlian DigiTech Co., Ltd. (HKEX: 2598) (“Lianlian DigiTech” or the “Company”), an AI-driven digital payment service provider headquartered in China with a global footprint, today reported interim results for the six months ended June 30, 2026. Following the announcement of its AI-Native + Globalization strategic upgrade during the period, the Company reported growth in revenue and profitability and continued product development, reflecting early execution of the new strategy. 

Results Highlights

• Total Transaction Payment Volume (TPV) for global payments reached RMB 249.9 billion, up 25.9% year-over-year
• Total revenue grew 11.9% year-over-year to RMB 875.6 million; global payment revenue reached RMB 600.9 million, and domestic payment revenue was RMB 106.0 million. Value-added services revenue increased 83.2% year-over-year to RMB 164.2 million
• Gross profit reached RMB 454.4 million with a gross profit margin of 51.9%; global payment gross margin reached 70.8%
• Adjusted operating profit increased 147.3% to RMB 156 million, excluding specified non-operating items
• Global licensing portfolio expanded to 68 payment licenses and qualifications, including new approvals in Canada and Dubai

Mr. Zhang Zhengyu, Chairman and CEO of Lianlian DigiTech, commented,

“In the first half of 2026, we made solid progress across all three growth pillars. We sharpened our focus on high-value customers and captured opportunities in global cross-border trade to sustain high-quality growth in our core business. Our AI-Native + Globalization strategy drove product delivery, with the launch of a series of AI products, alongside key breakthroughs in Agentic Payment that extended our services beyond payments. We also continued to expand our ecosystem and deepen our presence across the fintech and AI value chains. Guided by our mission, ‘Connecting the world, Empowering global commerce’, Lianlian remains committed to creating long-term, sustainable value for our customers and shareholders.”

Ms. Wen Yingse, CFO, Lianlian DigiTech, said,

“Despite a complex market environment, we delivered solid results in the first half of 2026 — both revenue and gross profit grew approximately 11.9% year-over-year, and adjusted operating profit more than doubled, reflecting continuous improvement in profitability and operating quality. We also continued to optimize our organizational structure and resource allocation, reducing our combined expense ratio from 60.3% to 51.9%, down 8.4 percentage points year-over-year. Looking ahead, we will continue to focus on core business growth, deepen the integration of AI in our business operations, capture economies of scale, and prudently expand ecosystem partnerships, strengthening our long-term, stable and sustainable competitive advantage in the global market.”

Global Payments

In its global payment business, Lianlian continued to expand its global payment coverage. On the product side, the Company continued the development of intelligent payment capabilities, embedding AI into operational processes to support enterprise payment operations. The Company continued to focus on selected enterprise clients going global and broaden its global payment services across B2B trade and service trade, expanding the range of cross-border business scenarios it supports. With a payment infrastructure spanning 68 licenses and qualifications across key international markets, including a newly obtained Canadian MSB license and a Dubai Category 3D payment license, Lianlian provides payment services to enterprises conducting business globally.

Domestic Payments and Value-Added Services

In the domestic payment sector, Lianlian maintained compliance with applicable regulatory requirements while making proactive adjustments to its resource allocation, deprioritizing lower-contributing transaction categories. The Company also strengthened the integration of its domestic capabilities with its global payment network, supporting clients with cross-border operational requirements. Value-added services remained a significant revenue contributor in H1 2026. Lianlian continued to expand its payment service value chain and deepen the integration of payment capabilities across a range of commercial scenarios, supporting demand for value-added services such as virtual bank cards, intelligent marketing, and other embedded financial services. As a result, segment revenue increased 83.2% year-over-year to RMB 164.2 million. The performance of this segment reflects the increasing integration of Lianlian’s payment capabilities into broader enterprise workflows, supporting companies in their international operations.

AI-Native + Globalization Strategy Supports New Products

In H1 2026, Lianlian DigiTech translated its AI-Native + Globalization strategy into a series of concrete products and capabilities for customer use across its key business segments. Agent Wallet was launched as an intelligent payment infrastructure developed to address payment requirements associated with AI-agent applications, extending Lianlian’s capabilities beyond conventional payment processing. In addition, the launch of multiple AI products and enterprise-grade agent platforms expanded its intelligent service system. These developments were supported by deeper integrations with global network partners including Visa and UnionPay International, supporting the testing and deployment of agentic payment applications.

Capital Management and Shareholder Returns

Lianlian continued to implement its capital management policies. Since initiating its share repurchase program in April 2025, Lianlian has repurchased approximately 40 million shares in total, returning more than HK$250 million to shareholders.

Outlook

Lianlian will continue to execute on its AI-Native + Globalization strategy, expanding its international presence and developing capabilities in trust, data and global payment connectivity, and supporting Chinese enterprises in their international operations.

For more information, please refer to the 2026 interim results announcement: 

https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0820/2026082001339.pdf

About Lianlian DigiTech

Lianlian DigiTech Co., Ltd. (“Lianlian DigiTech” or “Lianlian”) was founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (stock code: 2598.HK). As an AI-driven digital payment service provider headquartered in China with a global footprint, Lianlian adheres to its mission of “Connecting the world, Empowering global commerce” and pursues an “AI-Native + Globalization” strategy. Lianlian is committed to building a global intelligent financial infrastructure, facilitating connectivity between Chinese enterprises and global businesses.

The Company’s core business comprises digital payment services and value-added services. Digital payment services encompass global and domestic payments and include a variety of products such as pay-in, pay-out, acquiring, foreign exchange, virtual bank card, and payment aggregation services. Value-added services focus on business and technology services that deeply integrate with payment scenarios.

As of June 30, 2026, the Company has established a global licensing portfolio comprising 68 payment licenses and related qualifications. The Company holds money transmitter licenses issued by multiple U.S. states. Furthermore, its VATP license supports the provision of digital currency and blockchain technology-based financial services. Lianlian supports services in more than 200 countries and regions, enables transaction settlement in over 140 currencies, and has served a cumulative total of over 13.3 million customers. 

For enquiries, please contact: 

Burson Group 

Isaac Chan     Tel: (852) 6685 9096 

Joyce Zhan     Tel: (852) 9142 2528 

Email: lianlian@hkstrategies.com

Media Contact

Organization: LianLian

Contact Person: LianLian PR Department

Website: https://www.lianlian.com/

Email: Send Email

Country:China

Release id:48295

The post Lianlian DigiTech Reports H1 2026 Results with Revenue of RMB 880 Million appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

Van Nuys-based contractor brings residential, commercial, emergency, and hospitality plumbing to the wider LA metro

Van Nuys, California, United States, 1st Sep 2026 — PowerRoute Electric & Plumbing, the Van Nuys-based electrical and plumbing contractor serving Southern California since 2015, today announced the expansion of its full plumbing division across Greater Los Angeles. The company now offers residential and commercial plumbing service from the San Fernando Valley through the LA Basin, backed by 24/7 emergency response and a two-year labor warranty on all work.

The expansion covers four dedicated service lines. Residential and general plumbing customers across the metro are served through the company’s Los Angeles plumbing division, which handles everything from routine repairs to repiping and sewer line replacement. Commercial plumbing supports office buildings, retail centers, restaurants, warehouses, medical facilities, and multi-tenant properties where downtime carries real cost. Emergency plumbing provides around-the-clock response for burst pipes, sewer backups, and water heater failures. And a hospitality plumbing practice serves hotels, resorts, motels, extended-stay properties, and short-term rentals that need plumbing systems running flawlessly for guests.

“Los Angeles property owners have been calling us for years asking if we cover their area,” said Albert Castillo, founder of PowerRoute Electric & Plumbing. “Formalizing the expansion means a homeowner in Highland Park and a facilities manager downtown get the same licensed, insured crew and the same warranty our Pasadena customers have counted on since 2015.”

The company’s dual-trade model is a differentiator in a fragmented market. Property managers and commercial clients who need coordinated plumbing and electrical work — a common requirement during renovations, tenant improvements, and code-compliance upgrades — can source both from a single licensed contractor rather than coordinating separate vendors.

PowerRoute Electric & Plumbing is a licensed, bonded, and insured contractor holding C-10 electrical and C-36 plumbing licenses. The company provides free estimates with upfront pricing, offers same-day service seven days a week, and backs every installation and repair with a two-year labor warranty.

Los Angeles property owners can schedule service at https://powerrouteelectric.com/plumber-los-angeles-ca/ or by calling (818) 452-2637.

Media Contact

Organization: PowerRoute Electric & Plumbing

Contact Person: Albert Castillo

Website: https://powerrouteelectric.com/

Email: Send Email

Contact Number: +18189460522

Address:16735 Saticoy St

Address 2: Unit 102

City: Van Nuys

State: California

Country:United States

Release id:48635

The post PowerRoute Electric & Plumbing Expands Plumbing Services to Greater Los Angeles appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section