On April 24, 2025, SY Holdings Group Limited ("SY Holdings" or the "Group", stock code: 6069.HK) a digital intelligence technology company specializing in "AI+industrial supply chains", announced a proposal to distribute special dividends. The company plans to convene a board meeting on May 16, 2025, recommending distribution of special dividends totalling no less than RMB 600 million (Chinese Yuan) to all shareholders, further enhancing shareholder returns and increasing the company's investment value.
Previously, in its 2024 annual results announcement, SY's board had recommended distributing a final dividend of RMB 0.347 per share for 2024, with total dividends amounting to approximately RMB 340 million and a payout ratio of 90%. Including this special dividend, SY's total dividends for 2025 are expected to reach no less than RMB 940 million. Based on the latest closing price, SY's dividend yield approaches 8%, more than five times the current 10-year government bond yield.
The special dividend distribution fully reflects SY’s strong development momentum, particularly the remarkable results of its platform strategy and "asset-light" operating model, which have given the company ample operating cash flow and excellent operational efficiency. In 2024, SY's platform connected with over 160 funding partners, with total funding partnership lines exceeding RMB 36.6 billion, representing year-on-year growth of over 57%. The company's platform technology service revenue grew approximately 104% year-on-year to about RMB 347 million, with gross margin exceeding 85%. Its revenue contribution increased from about 18% in 2023 to approximately 38% and is expected to further increase to 50% in 2025.
The special dividend distribution fully reflects SY’s strong development momentum, particularly the remarkable results of its platform strategy and "asset-light" operating model, which have given the company ample operating cash flow and excellent operational efficiency. In 2024, SY's platform connected with over 160 funding partners, with total funding partnership lines exceeding RMB 36.6 billion, representing year-on-year growth of over 57%. The company's platform technology service revenue grew approximately 104% year-on-year to about RMB 347 million, with gross margin exceeding 85%. Its revenue contribution increased from about 18% in 2023 to approximately 38% and is expected to further increase to 50% in 2025.
SY places high importance on providing reasonable returns to investors, having implemented a high dividend policy for seven consecutive years with cumulative dividends reaching RMB 800 million, and has committed to a payout ratio of no less than 90% for 2025-2026. Notably, as of the end of 2024, SY's distributable reserves approached RMB 2 billion. This special dividend benefits from the Company's accumulated development over the past 11 years, demonstrating its strong profitability. This indicates that the company's growth no longer relies on its own capital and balance sheet leverage, but rather on building industrial ecosystem connections, mining industrial data value, and delivering platform technology services, successfully transitioning to a more efficient "asset-light" development model.
Furthermore, SY's self-developed "SYT Cloud Platform" has achieved deep integration with domestic AI models such as DeepSeek and Qwen. Leveraging big data analytics, large model reasoning, and AI Agent technologies, it efficiently matches quality assets with inclusive financing while providing value-added services including marketing, intelligent inspection systems, and inventory management. Currently, SY focuses on serving pillar industries such as infrastructure engineering, healthcare, and bulk commodities, while actively expanding into strategic emerging industries including e-commerce, robotics, and intelligent computing services. The total potential market size exceeds RMB 10 trillion, with over 10 million potential customers, laying the foundation for further growth in platform technology service revenue.
Looking ahead, SY will continue to deepen industrial ecosystem and data connections, using AI Agent technology to provide diversified value-added services while supporting SME growth. This will provide strong support for the company's profit growth and return on equity improvement.
