On March 17, 2026, SY Holdings Group Limited ("SY Holdings", stock code: 6069.HK), a leading supply chain fintech platform, officially released its full-year 2025 results.
The announcement shows that SY Holdings significantly enhanced operational efficiency through AI technology. By integrating its resource advantages in industry data, risk control algorithms, and computing power reserves, the Group has driven the rapid replication of its platform-based technology service capabilities across innovative sectors such as e-commerce and overseas expansion. This demonstrates strong growth resilience and development potential driven by its platform-based strategy. For the year ended 31 December 2025, SY Holdings achieved a net profit of approximately RMB483.2 million, representing a significant year-on-year increase of approximately 23.6%
This signifies that since its establishment in 2013, SY Holdings has maintained profitability for 12 consecutive years, with cumulative net profit exceeding RMB 2.8 billion. Simultaneously, the Group will implement a high dividend policy for the 8th consecutive year, with total cumulative dividends expected to surpass RMB 2.1 billion. Furthermore, the Group has committed to a dividend payout ratio of no less than 90% for the years 2024 to 2026, actively sharing development achievements with its shareholders and continuously enhancing the sense of gain for its investors.
Driven by the significant prospects of its platform-based strategy, international expansion, and new industry initiatives, SY Holdings' attributes of "High Growth, Steady Dividends" continue to receive high recognition from the capital market. The Group has gained consistent positive outlooks from several renowned institutions, including CICC, TF Securities, China Securities, SDIC Securities, Soochow Securities, and Sinolink Securities, which have issued "Buy" or "Outperform" ratings. Meanwhile, leveraging its leading technological capabilities, industry position, and development potential, the Group has been successfully included in the "HKEX TECH 100 Index", officially joining the top tier of Hong Kong's technology sector.
Accelerated expansion of the platform technology business, with the platform-based model becoming the key growth driver
SY Holdings has continuously optimized its data-driven "transaction-focused, entity-light" risk control model, achieving significant results in enhancing operational efficiency, optimizing cost control, and improving customer experience. This not only strengthens customer stickiness and competitive barriers but also further enhances the Group's ability to integrate industrial resources and acquire data. Driven continuously by this virtuous cycle, SY Holdings has achieved sustainable development, steadily consolidating its industry-leading position.
As of December 31, 2025, SY Holdings achieved a total principal business revenue and income of approximately RMB 904 million. The total number of cumulative platform customers exceeded 23,000, representing a year-on-year increase of approximately 27.0% from 18,100 as of 31 December 2024. The cumulative business scale of intelligent facilitation by the platform exceeded RMB 332.4 billion, representing an increase of approximately 33.6% from RMB 248.9 billion as of 31 December 2024. Among these, micro, small and medium enterprises (the “SMEs”) accounted for over 96% of the total number of clients, and the Group had cumulatively reduced funding costs for SME customers by over RMB3.3 billion.
Through the "SY Cloud Platform", SY Holdings achieves deep connectivity within the industrial ecosystem and with data. Utilizing technological means such as big data analytics, large model inference, and AI-powered intelligent risk control, it provides differentiated value-added services for SMEs. As of December 31, 2025, the "SY Cloud Platform" has established system linkages with 17 leading core enterprises, the platform-based technology facilitation business accounted for over 87% of the total, and the revenue from platform-based technology services was RMB473.5 million, representing an increase
of approximately 36.6% from RMB346.6 million for the year ended 31 December 2024. The proportion of technology revenue to the Group’s total principal business revenue and income was approximately 52.4%, representing a substantial increase compared to approximately 37.7% for the year ended 31 December 2024. This "platform-based, asset-light" development model has become a key driver for accelerating performance growth.
Innovative business development exceeded expectations, driven by the twin engines of e-commerce and overseas expansion
In the e-commerce services sector, SY Holdings' platform coverage and business growth have both exceeded expectations. The Group has completed its business coverage across 6 major top-tier e-commerce platforms, namely Douyin, SHEIN, Shopee, Kuaishou, WeChat Channels, Poizon, and has introduced Be Friends Holdings Limited (Stock Code: 1450.HK), a “cross-platform live-streaming e-commerce leader”, as a strategic investor to accelerate linkages within the live-streaming e-commerce industry ecosystem.
By leveraging dynamic operating data and ‘shipped but pending settlement’ orders, the Group is able to assist e-commerce merchants in efficiently addressing their supply chain service needs across various stages, including order surges, procurement and inventory stocking, as well as marketing and traffic acquisition. As of 31 December 2025, the cumulative platform service business scale in the e-commerce segment exceeded RMB6 billion, representing a growth of over 4.4 times compared to the data as of 31 December 2024.
In the overseas expansion services sector, SY Holdings has achieved breakthrough development from “0 to 1”. The founding team of the Group possesses a global perspective and has been deeply engaged in the supply chain technology sector for 12 years, equipped with mature technological systems and service models. Having secured strategic investment and resource support from Temasek, a sovereign wealth fund of Singapore, the Group is well-positioned for the rapid replication and rollout of its business across Southeast Asia. At present, the Group has officially designated the “overseas expansion strategy” as a core driving force, and has established its international headquarters in Singapore with a professional team currently under development. The Group focuses on serving the overseas expansion needs of leading Chinese high-end manufacturing enterprises in sectors such as robotics, electric vehicles (the “EVs”), and Artificial Intelligence (the “AI”) infrastructure, providing one-stop solutions that encompass logistics, warehousing, customs declaration, cross-border settlement, exchange rate management, and order facilitation.
In the new energy vehicle sector, SY Holdings established a cooperative relationship with Carro, the largest online used car platform in Southeast Asia, jointly assisting EV brands such as ZEEKR in exploring overseas markets. In the strategic layout of AI infrastructure, the Group has entered into a strategic partnership with Yangtze Optical Fibre and Cable Joint Stock Limited Company (the “YOFC”, stock codes: 601869.SH, 06869.HK), a global leader in the optical communication industry, leveraging AI technology to provide flexible supply chain value-added services for YOFC’s upstream suppliers. In terms of industrial global expansion, both parties will rely on YOFC’s globally leading technological strength and market presence, coupled with SY’s one-stop international supply chain technology service capabilities, to assist China’s AI infrastructure industry in “going global”.
AI services accelerate commercial deployment, and forward-looking deployment builds intelligent connectivity for the future
Faced with the "singularity moment" of the AI era, SY Holdings has commercialized its AI services based on years of data accumulation and customer base.
With the support of the Wuxi municipal government, the Group has integrated with the Xuelang Computing Center, the NVIDIA AI Computing Center, and the Sugon Advanced Computing Center, securing resources of over 60 H800 servers and possessing an intelligent computing power of over 1,000 Petaflops (P). Concurrently, the construction of the Group’s East China headquarters located in Wuxi–the Apex–has been completed. It will serve as the nation’s first digital ecosystem base for the AI industry, driving the deep integration of AI technology within the industrial supply chain and actively responding to the policy call of the national “AI+” initiative.
At the same time, SY Holdings continuously increases its research and development (the “R&D”) investment, with cumulative R&D investments exceeding RMB300 million, holding 100 national invention patents and computer software copyrights, which encompass innovative applications in key domains such as big data risk control and intelligent operations. For the year ended 31 December 2025, AI technology empowerment drove a year-on-year increase of over 40% in per capita business processing volume, helped clients boost their annual sales scale by more than 60%.
In the commercialization of AI services, SY Holdings is experiencing rapid growth. SY Cloud Platform deeply integrates mainstream open-source large models such as DeepSeek, Qwen, and Doubao, forging professional AI service capabilities across key links of supply chain management, thereby matching clients with optimal supply chain solutions. For instance, by leveraging AI to analyze market and consumer data, the platform provides e-commerce merchants with precise decision-making support across stages such as product selection, sales, and inventory stocking. For the year ended 31 December 2025, the Group achieved AI service contract revenue of over RMB17.0 million, realizing a substantial period-over-period growth of over 40 times compared to the contract revenue for the six months ended 30 June 2025.
Looking ahead, SY Holdings will continue to connect industries and ecosystems through technology, persistently deepen the application of AI technology, advance the implementation of its globalization strategy, optimize platform service capabilities, and earnestly fulfill its corporate mission and vision of "Empowering Chinese SMEs to reshape the global supply chain."
