On December 9, 2025, Hong Kong Exchanges and Clearing Limited ("HKEX", stock code: 0388.HK) officially launched the HKEX TECH 100 Index. SY Holdings Group Limited ("SY Holdings", stock code: 6069.HK), the first "AI+ Industrial Supply Chain" technology company listed on HKEX, was included in the HKEX TECH 100 Index together with Tencent Holdings, Alibaba-W, CATL, SMIC, BeiGene and other leading enterprises. This marks that SY Holdings has officially joined the first tier of Hong Kong's technology sector, reflecting the company's technological capabilities, leading position and development potential in the industry.
The HKEX TECH 100 Index is the first technology-themed index launched by HKEX, aiming to cover industry leaders and emerging companies in the technology field and track the comprehensive performance of the 100 largest market capitalization Hong Kong-listed technology companies. The index mainly focuses on six major technology and innovation themes, including artificial intelligence, biotechnology and pharmaceuticals, electric vehicles and intelligent driving, information technology, internet and robotics. All constituent stocks are eligible for Stock Connect, meeting the allocation needs of international and mainland Chinese investors.
Meanwhile, HKEX has signed an agreement with E Fund Management Co., Ltd., a mainland Chinese asset management company, licensing it to launch an Exchange Traded Fund (ETF) tracking the HKEX TECH 100 Index in mainland China to meet the strong demand from mainland investors for capturing technology investment opportunities in the Hong Kong stock market. SY Holdings' inclusion not only gains recognition from the official index for its technology positioning and capabilities, but is also expected to attract more attention and allocation of incremental capital, thus ushering in a new round of value revaluation.
SY Holdings has always adhered to the "platform-based and technology-driven" development direction, focusing on promoting the digital upgrading of industrial supply chains and helping SMEs grow through platform technology services, which highly aligns with the index's dual selection criteria of "technology attributes" and "growth potential". Relying on the self-developed AI Agent-powered "SY Cloud Platform", the company realizes industrial ecosystem connection and data intelligent analysis, thereby assisting SMEs on the chain to "find orders and find funds" and providing differentiated funding turnover matching services. With in-depth business practice and data asset accumulation, SY Holdings continuously iterates its data-driven "transaction-focused, entity-light" risk control model, and continuously improves product response time, matching accuracy and customer experience, thus further enhancing customer stickiness and satisfaction.
Since 2025, SY Holdings has focused on operational efficiency improvement, refined cost control and customer experience enhancement, continuously consolidating its competitive barriers. This not only strengthens SY Holdings' ecological links with the upstream and downstream of the supply chain, but also further consolidates the company's capabilities in industrial resource integration and data acquisition. Through the virtuous cycle of technology empowerment and ecological collaboration, SY Holdings will achieve sustainable business growth and industry leadership. As of now, SY Holdings has established strategic cooperative relationships with 17 core enterprises, linked over 190 funding partners on the platform, and cumulatively helped more than 22,000 SMEs obtain over RMB 310 billion in order and funding turnover services. During this period, SY Holdings helped customers reduce financing costs by at least 30%, and the sales scale of served customers increased by more than 60% year-on-year.
In terms of technological innovation, SY Holdings has cumulative R&D investment exceeding RMB 270 million, with R&D personnel accounting for approximately 30% of the total workforce. It holds more than 100 national invention patents and computer software copyrights covering multiple fields such as AI, big data and cloud computing. The SY Cloud Platform under SY Holdings deeply integrates mainstream open-source large models such as DeepSeek, Qwen and Doubao, and has independently developed a series of innovative applications including intelligent document sorting, intelligent contract review and AI-powered intelligent customer service, and has generated revenue through AI order-finding services.
Since its establishment in 2013, SY Holdings has achieved profitability for 11 consecutive years and implemented a high dividend policy for 7 consecutive years. Meanwhile, SY Holdings has committed to a dividend payout ratio of no less than 90% for the 2025-2026 fiscal years. In addition, combined with the distribution of special dividends, SY Holdings' total dividend payout in 2025 is close to RMB 950 million, with the current dividend yield exceeding 8%. With its "High Growth + Steady Dividends" attributes, several renowned institutions including CICC, TF Securities, China Securities and SDIC Securities have all issued "Buy" or "Outperform" ratings on SY Holdings, with the highest target price at HK$21.65.
Looking ahead, SY Holdings will take the opportunity of being included in the HKEX TECH 100 Index to continue increasing R&D investment, improve customer service levels, deepen the integration of AI and industrial supply chains, and earnestly fulfill its corporate mission and vision of "Empowering Chinese SMEs to reshape the global supply chain".
