SUNYARD: The revenue generated from the cross-border payment business involved by the company will account for less than 5% of the company's total revenue in 2024
SUNYARD announced that its cross-border payment business accounted for less than 5% of total operating revenue in 2024, which has little impact on the company's operations. Recently, the company's stock trading experienced abnormal fluctuations, as the cumulative deviation of the daily closing price increase exceeded 20%. The company's operating revenue for 2024 is approximately 1.967 billion yuan, a year-on-year decrease of 7.58%; net profit is approximately 72.17 million yuan, a year-on-year decrease of 43.28%. The net profit for the first quarter of 2025 is -49.81 million yuan, with losses expanding year-on-year
According to the Zhitong Finance APP, SUNYARD (600571.SH) announced that the cumulative deviation of the closing price increase of the company's stock exceeded 20% over three consecutive trading days (July 3, 2025, July 4, 2025, and July 7, 2025), constituting an abnormal fluctuation in stock trading as defined by the Shanghai Stock Exchange Trading Rules.
Recently, it has been noted that some media have classified the company under the categories of cross-border payment and stablecoin concept stocks. After the company's self-examination, it was found that the cross-border payment business involved includes cross-border payment systems, cross-border payment solutions, and services, which accounted for less than 5% of the company's total operating revenue in 2024, and did not have a significant impact on the company's business.
After the company's self-examination and written inquiries to the controlling shareholder, actual controller, and their concerted actors, it was confirmed that as of the date of this announcement, there are no significant matters or important information that should have been disclosed but were not.
According to the company's disclosed annual report and first-quarter report, the company's operating revenue for the year 2024 was approximately 1.967 billion yuan, a year-on-year decrease of 7.58%; the net profit attributable to shareholders of the listed company was approximately 72.17 million yuan, a year-on-year decrease of 43.28%. In the first quarter of 2025, the company's net profit was approximately -49.81 million yuan, with a year-on-year loss increase of 810,200 yuan
