17 June 2024 – SY Holdings Group Limited (“SY Holdings” or the “Group”; Stock Code: 6069.HK) has completed its final dividend distribution for the financial year 2023, amounting to HK$0.269 per ordinary share. The total payout of approximately HK$266 million reflects a 90% dividend payout ratio, underscoring the Group’s continued commitment to enhancing investor returns through stable and predictable distributions.
This initiative aligns with the policy direction outlined in the State Council’s "Several Opinions on Strengthening Supervision, Preventing Risks, and Promoting High-Quality Development of Capital Markets"—the third iteration of the “National Nine Articles.” The policy calls for strengthening the quality of listed companies and promoting long-term value creation through sound dividend practices.
Since its listing, SY Holdings has cumulatively distributed HK$461 million in dividends while maintaining steady and profitable growth. In 2023, the Group reported a net profit of HK$286 million, marking a 17% year-on-year increase. Supply chain asset processing volume reached HK$193.4 billion, a 22% rise from the previous year. The Group served a total of 15,326 clients, with small and medium-sized enterprises (SMEs) accounting for 97% of its customer base. Notably, 96% of its factoring business volume comprised positive receivables, reflecting a resilient and high-quality portfolio.
In addition, SY Holdings has significantly ramped up investment in research and development, driving technology-related revenue—including platform and supply chain tech services—to HK$170 million in 2023. This figure represents a robust 65% year-on-year increase and now accounts for 18% of the Group’s total revenue. Backed by its asset-light strategy, the Group expects technology revenue to surpass 30% of total revenue in 2024 and reach 50% by 2025.
Analyst sentiment remains positive. A recent research report from CICC reaffirmed confidence in SY Holdings’ “Dual-Driver + Platform” strategy transformation. The report highlighted digital finance revenue of HK$723 million, up 16% year-on-year, and maintained an “Outperform” rating with a target price of HK$6.01. The Group’s dividend yield of 6.5% was cited as a compelling factor for long-term investors.
“Since our founding in 2013, SY Holdings has remained committed to our mission of making supply chains more efficient and finance more inclusive,” the Group stated. “We will continue to balance growth and shareholder returns, ensuring that our investors benefit from our success and long-term strategy.”
