On September 27, 2024, the Shenzhen Enterprise Confederation and the Shenzhen Entrepreneurs Association officially released the “Top 500 Shenzhen Enterprises 2024” list. SY Holdings Group Limited ("SY Holdings" or the "Group"; Stock Code: 6069.HK) was successfully selected as one of the Top 500 Shenzhen Enterprises for 2024, thanks to its strong operational performance, resilient growth, and outstanding fulfilment of social responsibilities. Additionally, SY was ranked among the “Top 100 Enterprises in Operating Efficiency” and “Top 100 Enterprises in International Development” on the sub lists, joining the ranks of industry leaders such as Ping An, Huawei, Tencent, BYD, and Shenzhen Investment Holdings as a key driver of Shenzhen’s economic and social development.
The “Top 500 Shenzhen Enterprises 2024” ranking is based on companies’ revenue for the year 2023 and considers overall scale, operating efficiency, social contribution, innovation capacity, digitalization, regional (Greater Bay Area) collaboration, and level of internationalization. The ranking aims to provide a comprehensive, accurate, and systematic reflection of Shenzhen’s economic progress and the current development of its leading enterprises. It is also intended to promote the competitiveness of Shenzhen enterprises in both domestic and global markets and to serve as a key reference for government departments in economic decision-making and in demonstrating Shenzhen’s pioneering role in economic advancement.
As a leading supply chain technology platform, SY remains committed to the strategic direction laid out in the Central Financial Work Conference, focusing on the key theme of inclusive finance. By integrating technology with industrial supply chains, SY continues to deepen its presence in national pillar sectors such as infrastructure construction, pharmaceuticals and healthcare, and bulk commodities, while actively expanding into strategic emerging industries like cross-border e-commerce and energy storage. These efforts help small and micro-sized enterprises across the supply chain gain easier access to inclusive financial services, promoting both social responsibility and value creation. Since its establishment in 2013, SY has enabled over 16,000 SMEs to access more than RMB 210 billion in inclusive financial services. Since its IPO in 2017, the number of SMEs served has increased more than 30-fold, with 30% being first-time borrowers who previously had no access to traditional financial institutions. To date, SY has maintained ten consecutive years of profitability and stable growth.
With the mission of “making supply chains more efficient and finance more inclusive,” SY continues to increase investment in technology to expand the reach of its inclusive financial services. As of mid-2024, SY had invested a total of RMB 222 million in R&D and held 68 national invention patents and software copyrights. SY’s wholly owned subsidiary, SY Technology, developed the proprietary “SYT Cloud Platform,” which has received the Grade III cybersecurity certification—the highest national level for non-bank financial institutions. This provides a robust foundation for SY’s data analytics, customer acquisition, and business innovation. Through fully digitalized operations, SY now offers financial services that are “more inclusive, faster, higher quality, and cost-effective,” helping SMEs solve the common challenges of expensive and difficult financing.
By enhancing its platform connectivity through technology, SY enables the precise matching of quality assets with inclusive funding, advancing industry-finance integration and ecosystem development. As of mid-2024, SY had established strategic partnerships with more than 10 central and state-owned enterprises and built a digital ecosystem involving over 1.5 million quality suppliers. It also collaborates with more than 130 funding partners, positioning itself as a preferred partner for financial institutions implementing inclusive finance. Thanks to its advanced IT capabilities, comprehensive product offerings, and intelligent risk control systems, SY Technology has earned certifications such as National High-Tech Enterprise, Shenzhen “Specialized and Innovative Enterprise,” and has been recognized as both a “Nationally Encouraged Software Enterprise” and a “Nationally Encouraged Software Product.”
Notably, SY actively supports China’s “Going Global” strategy. Through strategic investment in an integrated group engaged in e-commerce supply chain services, SY has partnered with leading cross-border e-commerce platforms to help Chinese SMEs shorten settlement cycles and improve cash flow, enabling Chinese manufacturing to go global and allowing Chinese consumers to access goods worldwide. As a Singapore-based enterprise, SY also signed a strategic cooperation agreement with Chongqing-based state-owned enterprise Chongqing Pharmaceutical Holdings during the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity, with a proposed total investment of no less than SGD 500 million (approximately RMB 2.7 billion) to support the development of China’s pharmaceutical supply chain ecosystem. Furthermore, leveraging the advantages of its corporate headquarters, SY has been recognized by the Guangdong Provincial Department of Commerce and the Shenzhen Municipal Commerce Bureau as a “Headquarters Enterprise of a Multinational Corporation.”
Looking ahead, SY will continue to increase investment in R&D and technological innovation, explore new drivers for sustainable corporate growth, and use technology to further enhance the efficiency of inclusive financial services for SMEs. Together with other top-tier Shenzhen enterprises, SY aims to make greater contributions to the high-quality development of the regional economy.
