SY Holdings (06069) announced profit growth, expecting annual profits to increase by more than 30% year-on-year.

SY Holdings (06069) announced that it is expected to increase its profit for the year ending December 31, 2024 by more than 30% compared to the year ending December 31, 2023. The expected increase is mainly due to: Under the platform development strategy, using digital technology to empower digital finance, and driving inclusive finance with industrial data. By December 31, 2024, the proportion of platform technology service revenue is expected to increase to about 40%, further enhancing the overall performance growth drive of the company. With continued investment in technological innovation and deep integration of the industrial digital ecosystem, there is further precise alignment with the digital financial needs of the supply chain. The platform business scale continues to expand, with the daily average balance of platform inclusive matching expected to increase by over 180% compared to the same period last year in 2024. As of December 31, 2024, the cumulative supply chain asset size processed by the platform exceeds 248 billion yuan, an increase of over 28% compared to the same period last year. The number of customers served by the platform exceeds 18,100, an increase of over 18% compared to the same period last year. Through strategic investment in a comprehensive group engaged in e-commerce supply chain services and innovative pharmaceutical industry investment, this group has established cooperative relationships with several leading cross-border e-commerce platforms, providing innovative cross-border e-commerce supply chain inclusive financial solutions to help Chinese small and medium-sized businesses shorten the settlement period for accounts receivable and speed up capital turnover, helping Chinese manufacturing "go global" and achieve Chinese consumers' "global shopping", thus creating new business growth points.