On August 26th, Forbes China announced the results of the "2024 Forbes China Fintech Influencer Enterprise Selection." SY Holdings Group Limited (referred to as "SY" or "the Group," stock code: 6069.HK) was recognized for its outstanding performance in inclusive finance and financial technology, successfully making it onto both the "2024 Forbes China Fintech Influencer Enterprise TOP50" list and the "2024 Forbes China Fintech ESG Practice Enterprise TOP10" list.
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Forbes China, as an international media brand centered on innovation, has always been paying attention to the development of the financial technology sector in China. The selection process conducted by Forbes China this time focuses on four major dimensions: corporate growth power, innovation execution, ecological cooperation, and industry influence. The aim is to identify enterprises in China's financial technology field that have outstanding performance and showcase innovative achievements and practices that are representative. This encourages various market entities to continuously improve the level of financial technology services through innovation and cooperation, jointly creating an open, innovative, and collaborative financial technology ecosystem, and promoting the high-quality development of China's financial technology.
SY Holdings, as a leading supply chain technology platform, focuses on delivering inclusive finance, digital finance, and other key strategic areas. By integrating technology with industrial supply chains, it helps small and medium-sized enterprises on the chain to obtain more convenient inclusive financial services. Since its establishment in 2013, SY Holdings has continuously increased investment in technology and talent, deeply practicing its corporate mission of "making supply chains more efficient and finance more inclusive." It has helped over 16,000 small and medium-sized enterprises secure over 210 billion yuan in inclusive financial services. To date, SY Holdings has maintained profitability for ten consecutive years and has kept a steady growth trajectory. In the mid-term of 2024, the platform's technology service revenue was approximately 154 million yuan, a year-on-year increase of about 83%, with revenue contribution rising to 35%, making it the core driver of the group's performance growth.
SY Holdings regards technological innovation as its core driving force and uses digital technology to enhance the coverage of inclusive finance. As of the mid-term of 2024, SY Holdings has accumulated R&D investments of 222 million yuan and holds a total of 68 national invention patents and computer software copyrights. Its independently developed "SY Tong Cloud Platform" has obtained the "Level 3 Certification," which is the highest level of security certification for non-banking institution information systems in the country. This provides a solid guarantee for SY Holdings' big data analysis, precise customer acquisition, and business innovation. Currently, SY Holdings operates 100% online, offering financial services that are "more, faster, better, and more inclusive," including higher credit limits, faster disbursements, better experiences, and more inclusive funding. This effectively addresses the issues of "difficulty and high cost of financing" for small and medium-sized enterprises.
SY Holdings enhances its platform's connectivity through technology, achieving precise matching of high-quality assets with inclusive funds, promoting the integration of industry and finance, and fostering a prosperous ecosystem. As of the mid-term of 2024, SY Holdings has established strategic cooperation with more than 10 large central state-owned core enterprises, built a digital industrial ecosystem around over 1.5 million high-quality suppliers, and connected with more than 130 capital partners, becoming a preferred partner for financial institutions to practice inclusive finance. With its advanced information technology capabilities, comprehensive product services, and intelligent risk control system, SY Holdings' wholly-owned subsidiary, SY Information Technology Services (Shenzhen) Co., Ltd., has been honored with certifications such as "National High-tech Enterprise," "Specialized and Special New Enterprise" in Shenzhen, "Software Enterprise Encouraged by the State," and "Software Product Encouraged by the State."
While continuously improving its performance growth, SY Holdings places great emphasis on fulfilling its social responsibilities and earnestly safeguarding the interests of shareholders, employees, small and medium-sized enterprise customers, and other relevant stakeholders. Currently, SY Holdings has received an MSCI ESG rating of A, which is a leading rating in the domestic financial industry. It has also been recognized by S&P Global, with an ESG score ranking in the top 26% globally within its industry. In the future, SY Holdings will continue to strengthen the technological empowerment of its platform, adhere to the concepts of "technology for good" and "sustainable development," and inject financial vitality into the high-quality development of the real economy.
