Baifu Global (00327) announced annual results, with profit attributable to shareholders of HK$713 million and final interest of HK$0.25 per share

According to the Zhitong Finance App, Baifu Global (00327) announced the results for the year ended December 31, 2024. The group obtained revenue of HK$6.045 billion, a year-on-year decrease of 9.9%; profit attributable to company owners of HK$713 million, a year-on-year decrease of 38.2%; R&D costs of HK$684 million, up 6.1% year on year; basic profit per share of HK$0.669, with a final dividend of HK$0.25 per share.

In 2024, global economic recovery continues to be sluggish. Under the double impact of high interest rates and a strong dollar, many international customers are more cautious about the pace of deploying payment terminals. Baifu has always maintained a long-term development vision, actively responded to changes, driven payment technology innovation with Android smart payment terminals and software-as-a-service (SaaS) solutions, and explored more collaborations with billing banks, payment service providers and channel partners around the world to help merchants enhance their flexibility and digital competitiveness.

While deepening the global business layout, Baifu implemented a US dollar settlement strategy for overseas business, effectively reducing exchange rate risk and strengthening the Group's risk management capabilities. Furthermore, Baifu optimizes the delivery process through strict credit management strategies. During the year, the Group achieved revenue of HK$6.045 billion, annual profit of HK$721 million, and a net profit margin of 11.9%. The Group's net cash from operating operations reached HK$1,163 billion. Despite the challenges of the global market, Baifu maintained strong cash flow creativity.

Relying on leading Android smart payment terminal technology, Baifu helps recipient banks, payment service providers and channel partners enhance merchant service capabilities and promote the intelligence and efficiency of the payment industry. With innovative and high-quality products, the Group is in a leading position in the global Android smart payment terminal market, effectively meeting the needs of various market segments such as retail, catering, transportation, parking lots, electric vehicle charging stations, stadiums and tourist hotspots, and continuously creating commercial value.

In 2024, Baifu will continue to deepen its global market layout, with Android smart terminals accounting for more than 60% of sales. With its unique elegant design and powerful features, the flagship model A920Pro is popular with banks and payment service providers around the world, and has remained the best-selling payment terminal model. Baifu continues to innovate products and has launched a variety of new smart payment terminal products, including the A8900 and A99 handheld models that meet retail and catering needs, and the IM25 unattended payment terminal model for self-service scenarios, providing strong support for diverse payment scenarios.