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High Growth, Stable Dividends | SY Holdings Announces 2025 Performance: Net Profit Grows by Approximately 24%, E-commerce Business Scale Increases Over 4.4 Times, Expected Dividend Yield Exceeds 7%
On March 17, 2026, SY Holdings Group Limited (referred to as 'SY Holdings' $SY HOLDINGS (06069.HK)$ ), a leading supply chain financial technology platform, officially released its 2025 full-year performance.
The announcement shows that SY Holdings has significantly improved operational efficiency through AI technology, leveraging its resource advantages in industry data, risk control algorithms, and computing power reserves to promote the rapid reuse of platform technological capabilities in innovative fields such as e-commerce and overseas expansion, demonstrating strong growth resilience and development potential driven by its platform strategy. As of December 31, 2025, SY Holdings achieved a net profit of approximately 483 million yuan (RMB, same unit below), representing a year-on-year increase of about 24%.
To further reward investors for their support and trust, SY Holdings plans to distribute a dividend of 0.4047 yuan per share, with a payout ratio of 90%, and the total annual dividend will exceed 431 million yuan. Additionally, the company plans to distribute a special dividend of 0.2319 yuan per share, with the total special dividend exceeding 247 million yuan. Based on these calculations, the total dividends announced by SY Holdings for 2026 will exceed 678 million yuan. Calculated based on the closing price on the day of the earnings announcement, the dividend yield exceeds 7%.
This means that since its establishment in 2013, SY Holdings has maintained profitability for 12 consecutive years, with cumulative net profits exceeding RMB 2.8 billion. Meanwhile, the company will implement a high dividend policy for eight consecutive years, with cumulative dividends exceeding RMB 2.1 billion. In addition, the company has committed to a dividend payout ratio of no less than 90% from 2024 to 2026, actively sharing development results with shareholders and continuously enhancing investor returns.
With the vast prospects of platformization, internationalization, and new industry layouts, SY Holdings' attributes of 'high growth and stable dividends' have continued to gain significant recognition in the capital markets. The company has received unanimous positive outlooks from several renowned institutions such as CICC, TF Securities, CITIC Securities, SDIC Securities, Dongwu Securities, and GF Securities, all granting a 'buy' or 'outperform' rating. At the same time, leveraging its leading technological capabilities, industry position, and growth potential, the company has been successfully included in the 'HKEX Tech 100 Index,' officially ranking among the first tier of Hong Kong-listed tech companies.
Platform technology business accelerates expansion; platform-based model becomes key to growth
SY Holdings continues to optimize its data-driven risk control model that emphasizes transactions over entities, achieving significant results in operational efficiency improvement, cost control optimization, and customer experience enhancement. This not only strengthens customer stickiness and competitive barriers but also further enhances the company's industrial resource integration and data acquisition capabilities. Driven by this virtuous cycle, SY Holdings has achieved sustainable development and continuously consolidated its leading position in the industry.
As of December 31, 2025, SY Holdings achieved main business revenue and income of approximately RMB 904 million. The platform has served more than 23,000 clients cumulatively, representing an increase of over 27% compared to the same period last year. The cumulative scale of intelligent matchmaking via the platform exceeded RMB 332.4 billion, growing over 33% year-over-year. Among these, small, medium, and micro-enterprise clients accounted for over 96%, with cumulative reductions in funding costs exceeding RMB 3.3 billion for clients.
Through the 'Sheng Yi Tong Cloud Platform,' SY Holdings has established deep links between industrial ecosystems and data, utilizing big data analysis, large model reasoning, and AI-driven intelligent risk control technologies to provide differentiated value-added services to small, medium, and micro-enterprises. As of December 31, 2025, the 'Sheng Yi Tong Cloud Platform' has established system connections with 17 core enterprises, with platform technology matchmaking accounting for over 87% of operations. Platform technology service revenue reached approximately RMB 474 million, increasing by about 37% year-over-year and accounting for over 52% of total revenue. The 'platform-based, asset-light' development model has become a key driver of accelerating performance growth.
Innovative business development exceeds expectations, driven by dual engines of e-commerce and overseas expansion
In the e-commerce services sector, SY Holdings' platform coverage and business growth have exceeded expectations. The company has completed business coverage of leading e-commerce platforms such as SHEIN, Shopee, and Kuaishou, and has brought in 'leading cross-platform live commerce player' Jiaoge Pengyou $BE FRIENDS HLDG (01450.HK)$ as a strategic investor to further connect with the live commerce industry ecosystem.
Leveraging AI applications and platform connection capabilities, SY Holdings has deeply embedded digital services into various platform ecosystems, enabling e-commerce merchants to efficiently meet service needs across surging orders, procurement stockpiling, and promotional traffic generation using dynamic operating data and 'shipped but unsettled' orders. As of December 31, 2025, SY Holdings' cumulative e-commerce service scale exceeded RMB 6 billion, growing over 4.4 times compared to the previous year.
In the field of overseas expansion services, SY Holdings has achieved a breakthrough development from zero to one. The founding team of SY Holdings possesses an international perspective, and the company has been deeply engaged in the supply chain technology sector for 12 years, boasting a mature technological system and service model. It has also secured strategic investment and resource support from Temasek, Singapore's sovereign wealth fund, enabling its business to rapidly replicate and expand in Southeast Asia. Currently, SY Holdings has officially made its 'overseas strategy' a core growth driver, establishing an international headquarters locally along with a professional team under construction. The focus is on fulfilling the overseas needs of top-tier Chinese high-end manufacturing enterprises in sectors such as robotics, new energy vehicles, and AI infrastructure, providing a one-stop solution covering logistics, warehousing, customs clearance, cross-border settlement, exchange rate management, and order matching.
In its new energy vehicle strategy, SY Holdings has established a partnership with Carro, the largest online automotive trading platform in Southeast Asia, to jointly support Chinese new energy vehicle brands like Zeekr in expanding into overseas markets. In terms of AI infrastructure, SY Holdings has formed a strategic partnership with YOFC, a global leader in the optical communications industry, $YOFC (06869.HK)$$Yangtze Optical Fibre And Cable Joint Stock (601869.SH)$ to provide flexible supply chain value-added services for YOFC's upstream suppliers using AI technology. Regarding international expansion, both parties will leverage YOFC's globally leading technical capabilities and market presence, combined with SY Holdings' one-stop international supply chain technology service capacity, to assist China's AI infrastructure industry in 'going global'.
AI services accelerate commercial implementation, forward-looking layout connects the intelligent future
Facing the 'singularity moment' of the AI era, SY Holdings, based on years of data accumulation and a strong customer base, has already realized the commercial monetization of AI services.
With the support of Wuxi City, SY Holdings has connected to the Xuelang Computing Power Center, NVIDIA Intelligent Computing Center, and the Advanced Computing Center of Sugon, gaining access to more than 60 H800 servers, offering over 1,000P of intelligent computing power. Meanwhile, SY Holdings' East China headquarters in Wuxi – the 'AI City of the Future' – has been completed and will serve as the nation’s first AI industry digital ecosystem base, promoting the deep integration of AI technology within industrial supply chains and actively responding to the national 'AI+' special action policy call.
At the same time, SY Holdings continues to increase investments in R&D and talent. As of December 31, 2025, cumulative R&D investment exceeded 300 million yuan, with more than 120 R&D personnel and over 100 national invention patents and computer software copyrights covering innovative applications in key areas such as big data risk control and intelligent operations. Based on this, SY Holdings not only leverages AI technology to increase per capita business scale by over 40% but also helps clients boost their annual sales scale by more than 60%.
In terms of AI service commercialization, SY Holdings shows rapid growth momentum. The 'SY E-Connect Cloud Platform' deeply integrates mainstream open-source large models such as DeepSeek, Qwen, and DouBao, forming professional AI service capabilities at each critical stage of supply chain management, thereby providing customers with optimal supply chain solutions. For instance, the platform uses AI to analyze market and consumer data, offering precise decision-making support to e-commerce sellers in product selection, sales, and inventory preparation. As of December 31, 2025, the platform has achieved AI service contract revenue exceeding 17 million yuan, with a month-on-month growth surpassing 40 times.
Looking ahead, SY Holdings will continue to connect industries and ecosystems through technology, further deepen the application of AI technology, promote the implementation of overseas strategies, optimize platform service capabilities, and earnestly fulfill the corporate mission and vision of 'partnering with Chinese SMEs to reshape the world's supply chains.'
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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