The 23rd Shenzhen Enterprise Innovation Records review meeting was recently held in Shenzhen. After careful deliberation by the Shenzhen Enterprise Innovation Records Evaluation Committee, 216 innovative projects from 159 enterprises were approved as the 23rd Shenzhen Enterprise Innovation Records. SY Information Technology Services (Shenzhen) Co., Ltd. ("SY Tech"), a wholly owned subsidiary of SY Holdings Group Limited ("SY", Stock Code: 6069.HK), was honoured for its "SYT Cloud Platform" project.
The Shenzhen Enterprise Innovation Records program, jointly organized by Shenzhen Federation of Industrial Economics and relevant government departments, industry associations, research institutions, and media, aims to promote enterprise innovation and enhance productivity. Since its launch in 2002, the program has recognized 3,468 innovative projects from 1,830 enterprises across more than 80 industries over its 22-year history, serving as an important platform showcasing innovation achievements and contributing to Shenzhen's economic development as a global hub for industrial and technological innovation.
SY's self-developed SYT Cloud Platform integrates years of industrial experience with fintech innovations, incorporating cutting-edge technologies including instant invoice verification, facial recognition, CFCA e-signatures, OCR technology, direct linkage with the China Credit Reference Centre, IoT-based delivery verification, and big data monitoring. This comprehensive solution effectively identifies transaction risks while providing flexible, convenient, and efficient supply chain financing services for SMEs
Leveraging AI, cloud computing, and IoT technologies, the SYT Cloud Platform has facilitated over RMB 230 billion in inclusive digital financial services for more than 17,000 SMEs, with 30% being first-time borrowers unable to secure traditional financing. The platform addresses the persistent challenges of "difficult and expensive financing" faced by SMEs. Currently operating with 100% digital processes, the platform delivers "more, faster, better, and more cost-effective" financial solutions - offering higher credit limits, quicker loan disbursement, superior user experience, and more inclusive funding options.
As a leading supply chain technology platform, SY remains committed to inclusive finance and digital finance, aligning with the "Five Key Areas of Finance" policy direction outlined in China's Central Financial Work Conference. The SYT Cloud Platform has obtained Level-3 classified protection certification, the highest national information security certification for non-banking institutions, ensuring robust compliance and security for SY's big data analytics, customer acquisition, and business innovation. Additionally, SY Tech has been recognized as a national high-tech enterprise, Shenzhen specialized and sophisticated SME, and state-encouraged software enterprise, further validating its technological capabilities.
SY continues to drive innovation through increased R&D investment. As of mid-2024, SY's cumulative R&D expenditure has exceeded RMB 200 million, with R&D personnel accounting for over 27% of its workforce. With 69 national invention patents and software copyrights covering cloud computing, intelligent operations, and risk management, SY has built a strong technological foundation. This recognition in the Shenzhen Enterprise Innovation Records will further motivate SY to enhance financial accessibility for SMEs through technology-driven supply chain solutions, contributing to a more efficient, stable, and secure supply chain ecosystem.
Moving forward, SY will continue expanding its R&D investments to deliver superior products and services, drive innovation in inclusive finance, and support the development of the real economy.
