2024- 10- 31 - SY Information Technology Services (Shenzhen) Co., Ltd. ("SY Technology"), a fully-owned subsidiary of SY Holdings Group Limited ("SY Holdings" or the "Group"; Stock Code: 6069.HK), has been granted a national invention patent by the China National Intellectual Property Administration for its "Deep Learning-Based Hospital Invoice Payment Period Prediction Method and System." This technological breakthrough significantly enhances risk assessment capabilities in healthcare supply chain financing.
The patent addresses critical challenges in medical supply chain financing, where hospitals procure medications and issue invoices to suppliers, who then assign these receivables to factoring companies for immediate liquidity. Traditional risk models have struggled to accurately predict payment cycles due to their inability to effectively process nonlinear influencing factors. SY's innovative deep learning solution achieves 92% accuracy in predicting hospital payment timelines - a substantial improvement over conventional models' 68% accuracy - while reducing payment delay risks by 30%. The system adaptively processes more than 15 nonlinear variables including seasonal demand fluctuations and policy changes.
This technological advancement utilises neural networks to analyse comprehensive invoice characteristic data, establishing dynamic relationships between payment patterns and 23 hospital-specific parameters. A key feature ensures predicted timelines never undercut actual payment periods, providing reliable working capital planning for over 500,000 Chinese pharmaceutical SMEs. The patent complements SY's existing RMB 21 billion healthcare supply chain financing portfolio and aligns with China's "Five Financial Priorities" policy for inclusive digital finance.
The patent represents another milestone in SY Holdings' growing technology ecosystem, which now includes 68 patents and copyrights spanning data security and risk management. The company has developed the SYT Cloud Platform, certified at National Classified Protection Level 3 (the highest for non-bank institutions), and built a digital ecosystem connecting 138 funding partners with more than 1.5 million suppliers through strategic alliances with over 10 state-owned enterprises. With cumulative R&D investment exceeding RMB 200 million and technical staff comprising 27% of its workforce, SY develops solutions across multiple sectors: infrastructure (38% of portfolio), healthcare (29%), commodities (22%), and emerging sectors (11%).
SY Technology's achievements have earned multiple prestigious recognitions including National High-Tech Enterprise status, Shenzhen Specialised/Innovative SME accreditation, and National Encouraged Software certifications. "Having financed 16,000 SMEs with more than RMB 210 billion, we're now leveraging AI to make healthcare financing smarter and more efficient," said SY Holdings. "This patent exemplifies our decade-long commitment to integrating cutting-edge technology with financial services to solve real-world business challenges."
Moving forward, SY plans to expand its AI applications to cross-border e-commerce supply chains, enhance predictive models through federated learning techniques, and develop blockchain-based invoice verification systems to further strengthen its technological capabilities and service offerings.
