Shengye Technology Joins Hands with China Construction Eighth Bureau to Build a New “Smart Procurement SaaS+ Supply Chain Digital Finance” Ecosystem

Shengye Capital $SY HOLDINGS (06069.HK)$ Its subsidiary Shengye Information Technology Service (Shenzhen) Co., Ltd. (hereinafter: Shengye Technology) and China Construction Eighth Bureau First Construction Co., Ltd. (hereinafter referred to as “China Construction Eighth Bureau 1 Company”) have reached a digital supply chain cooperation based on the “Zhizhuanbao Inspection System”. Shengye Capital and China Construction Eighth Bureau 1 have maintained a good cooperative relationship for many years. Now, connecting to the smart procurement SaaS system of China Construction Eighth Bureau 1 Company to connect the two system platform ports and exchange data is another important milestone in the cooperation process between the two parties. Combined with the “smart procurement, digital logistics, and panoramic quality control” supply chain system built by China Construction Eighth Bureau, Shengye Technology used its big data analysis and artificial intelligence technology to customized and output more flexible and convenient supply chain finance services for China Construction Eighth Bureau 1's upstream suppliers.

Under the traditional supply chain finance model, since it is difficult for financial institutions to judge the authenticity and rationality of transactions, the financing process is complicated, the offline review process is long, and confirmation by core enterprises is required. However, the current supply chain finance model based on smart procurement of SaaS data innovatively broke down information barriers and disrupted traditional models, saved suppliers at least 90% of loan application time, and increased loan amounts without confirmation from core companies. The “Smart Inspection” intelligent inspection system of China Construction Eighth Bureau and Company 1 enables online monitoring and real-time data analysis of the entire process from nodes such as project order placement, supplier order acceptance, delivery, and acceptance meeting signing. The effective combination of SaaS systems and fintech has not only solved the pain points of supply chain financing, but also standardized on-site inspection and refined management of procurement costs, further stabilized the supply chain system of China Construction Eighth Bureau and Company. Recently, China Construction Eighth Bureau's exploration results in supply chain system construction, strategic procurement, smart control, and intelligent supply chain financing have been highly recognized by the State Council's State-owned Assets Administration Commission procurement management benchmarking evaluation team. As its partner in digital finance in the supply chain, Shengye Technology has also received recognition and support from the industry, and is gradually promoting and replicating this model to other core enterprises.

This has great strategic significance for all parties and has created a win-win situation. As a core enterprise, China Construction Eighth Bureau and Company 1 can efficiently improve its ability to pay and fulfill contracts and guarantee the stability of supply, thereby directly reducing procurement costs without requiring confirmation of authority or occupation of its bank's credit lines. For micro, small and medium-sized suppliers, this model can greatly reduce the pressure to advance capital, make their supply prices more advantageous, and leverage a larger business scale through flexible supply chain financing. For Shengye, by obtaining real transaction and acceptance data in real time, the risk of false transactions has been effectively avoided, and its ability to accurately acquire customers and control big data risks has been further strengthened. The model closely integrates core enterprises, suppliers, and supply chain finance platforms through data, and realizes a closed loop in the supply chain ecosystem. It is expected that this cooperation will cover nearly 1,000 projects, reach thousands of high-quality suppliers, and tap the potential of the nearly 100 billion supply chain finance market. In the future, with the popularization of inspection systems and rapid growth in the scale of the industry, market potential will continue to be unleashed.

China Construction Eighth Bureau First Construction Co., Ltd. was founded in 1952 and is a third-level independent legal entity under China Construction Group Co., Ltd., the world's largest investment and construction group. The registered capital is 1.3 billion yuan. It is a “national high-tech enterprise” certified by the Ministry of Science and Technology, and has a “national enterprise technology center” R&D platform. From 2015 to 2020, the comprehensive strength of China Construction Eighth Bureau and Company 1 ranked in the top three China Construction Group number companies for 6 consecutive years, and ranked among the top four construction enterprises in Shandong Province for 3 consecutive years. China Construction Eighth Bureau and Company fully revolved around the core of value creation and made every effort to build two major platforms, “Yunzhu e-commerce procurement platform and integrated procurement platform”, so that supply chain operations can achieve results such as “intelligent procurement management, intelligent regional collection and contract, intelligent on-site management, integration of supply and finance, and standardization of procurement behavior”.

This cooperation was recognized by China Construction Eighth Bureau and Company, and once again proved Shengye Technology's ability in model innovation and data security. As a national high-tech enterprise, Shengye Technology focuses on the development and operation of intelligent industrial technology and digital fintech platforms. The Group's Industrial Technology Division provides integrated smart construction site solutions for core enterprises in the infrastructure sector, including intelligent electronic floor scales, intelligent monitoring, SaaS inspection systems, and related IoT hardware and software. As a leading supply chain technology platform, Shengyitong Cloud Platform under Shengye Technology has linked the industrial ecosystem of more than 10 large core enterprises, served more than 8,000 micro, small and medium-sized enterprises, accumulated accounts receivable asset management scale of more than 100 billion yuan, and linked more than 50 financial partners. Shengye Technology has a complete data security protection system for data transmission, encryption and use. It uses data to support micro, small and medium-sized enterprises, making the supply chain more efficient and finance more inclusive.

In the future, Shengye Technology will focus more closely on core enterprises, develop more innovative services based on SaaS and IoT technology, further promote the digital upgrading of the industrial supply chain, and build an intelligent supply chain service ecosystem.

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