SY Holdings Group Limited ("SY" or "the Group", stock code: 6069.HK) was honored with the "2024 Digital Intelligence Innovation Leadership Award" at the CFS 13th Financial Summit & Amazing 2024 Innovation Entrepreneurs Festival held in Beijing from July 25-26, 2024, recognizing its outstanding technological innovation capabilities.
As one of the most influential thought leadership platforms in China's economic sector, this year's CFS Financial Summit themed "Seeking New Momentum for China's Economy" brought together visionary business leaders, prominent economists, entrepreneurs and young innovators to explore drivers for China's economic transformation. The selection process involved quantitative data analysis by a prestigious judging panel comprising research institutions, consulting firms, experts and media leaders. SY distinguished itself among over 900 participating enterprises to win this accolade, further demonstrating its innovative strengths in supply chain inclusive finance.
As a leading supply chain technology platform, SY actively responds to the central financial work conference's directive of "maintaining the fundamental principle of serving the real economy through finance." By integrating technology with supply chains, SY effectively addresses SME financing challenges of accessibility and affordability, aligning with national goals for inclusive and digital finance. As of December 2023, SY's platform has cumulatively processed over RMB 190 billion in supply chain assets, serving more than 15,000 clients - with SMEs representing over 97% of customers and positive-impact factoring accounting for 96% of business volume.
Since its establishment, SY has remained committed to its mission of "making supply chains more efficient and finance more inclusive," consistently increasing R&D investment. By December 2023, cumulative R&D expenditure reached RMB 200 million, with technical personnel comprising over 26% of staff and 62 national patents/software copyrights secured. Its wholly-owned subsidiary SY Information Technology Service (Shenzhen) Co., Ltd., through the self-developed "SYTong Cloud Platform," enhances technological connectivity to expand digital, systematic and intelligent supply chain finance solutions. The subsidiary has earned national recognition including "High-Tech Enterprise," Shenzhen's "Specialized & Sophisticated SME," and "State-Encouraged Software Enterprise/Product" certifications.
Throughout its development, SY has actively participated in building digital supply chain ecosystems. By innovatively applying big data, cloud computing and AI technologies, SY breaks down information barriers across industrial chains, helping SMEs establish digital credit profiles to improve financial inclusion accessibility. Leveraging deep industry expertise, SY continues strengthening collaborations with multiple core enterprises to optimize business processes and product structures, delivering superior fully digitalized service experiences.
Moving forward, SY will uphold innovation as a core value, maintaining technology as the key driver for supply chain development while focusing on R&D and application of supply chain finance solutions to advance high-quality inclusive finance development.
