HK Stock Market Move | SY HOLDINGS (06069) rose nearly 13% after Yeixi is expected to increase its annual net profit by over 30%, and the scale of its platform business continues to expand.

SY HOLDINGS (06069) surged by nearly 13% after the announcement. As of the time of writing, it has increased by 12.75% to HK$8.34, with a turnover of HK$101.214 million. On the news front, SY HOLDINGS announced that it expects its net profit for the fiscal year ending December 31, 2024, to increase by more than 30% compared to the fiscal year ending December 31, 2023. The expected increase is mainly attributed to: - Under the platform-oriented development strategy, enabling digital finance through digital technology and driving inclusive finance with industry data. As of December 31, 2024, the proportion of platform technology service revenue is expected to increase to approximately 40%, further enhancing the overall performance growth drive of the company. - With continuous investment in technological innovation and deep integration with the industrial digital ecosystem, meeting the digital financial needs in the supply chain more accurately, the scale of platform business continues to expand. The average daily balance of platform inclusive matchmaking in 2024 is expected to increase by over 180% compared to the same period last year. As of December 31, 2024, the cumulative size of supply chain assets processed by the platform exceeded 248 billion yuan, an increase of over 28% compared to the same period last year. The number of customers served by the platform exceeded 18,100 companies, 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, the group has established cooperation relationships with several leading cross-border e-commerce platforms and provides innovative cross-border e-commerce supply chain inclusive financial solutions to help Chinese small and micro-businesses shorten their settlement periods and accelerate fund turnover, thereby supporting Chinese manufacturing in going global and realizing global shopping for Chinese consumers, thereby creating new business growth opportunities.