Group 1 - The core viewpoint of the news is that Shengye (06069.HK) successfully completed the first supply chain asset RWA (Real World Assets) tokenization project in the Asia-Pacific region on August 27, 2025, under the HashKey Group's Ethereum Layer-2 blockchain, HashKey Chain [1] - The RWA tokenization project has established a shelf quota equivalent to $100 million, linked to the real returns of high-quality supply chain assets across various industry sectors, including e-commerce, and has received positive subscriptions from international investors [2] - The project will be issued in phases using innovative forms such as multi-currency and open stablecoin settlements, including but not limited to supply chain revenue rights tokenization and tokenized supply chain loans [2] Group 2 - HashKey Chain serves as a compliance-friendly blockchain infrastructure, providing a secure, stable, and composable technical foundation for the group, supporting the registration, docking, reconciliation, and circulation of supply chain entity assets on-chain [2] - The successful implementation of the RWA tokenization project aligns with the group's global layout and the development of an "AI + International Supply Chain Technology Platform," accelerating the transformation of "real asset certainty" into "on-chain value configurability" [3] - The project not only marks a successful attempt at RWA tokenization but also validates the compliance and replicability of the entire process related to supply chain asset RWA tokenization, laying the groundwork for scaling up more high-quality international supply chain assets on the platform [3]

Core Viewpoint - The company has successfully launched the first Real World Assets (RWA) tokenization project in the Asia-Pacific region, marking a significant step in its global expansion and the development of an AI-driven international supply chain technology platform [1][3]. Group 1: RWA Tokenization Project - The RWA tokenization project has established a shelf amount equivalent to $100 million, linked to high-quality supply chain assets within the company's international supply chain technology platform [2]. - The project will be issued in phases using multiple currencies and innovative stablecoin settlement methods, including supply chain revenue rights tokenization and tokenized supply chain loans [2]. - HashKey Chain provides a compliant blockchain infrastructure that ensures the secure and efficient flow of supply chain assets between on-chain and off-chain environments [2][3]. Group 2: Global Supply Chain and Web3.0 Integration - The successful implementation of the RWA tokenization project is expected to accelerate the transformation of real asset certainty into on-chain value configurability, validating the compliance and replicability of the entire RWA tokenization process [3][5]. - The integration of RWA tokenization with stablecoin applications aims to address inherent issues in traditional transactions, such as unclear property rights and high transaction costs, thus facilitating efficient capital allocation between global capital and digital assets [3][4]. - The company aims to enhance the operational efficiency of its international supply chain technology platform by converting high-quality international supply chain assets into standardized, traceable digital assets [4][5]. Group 3: Future Prospects and Collaborations - The company plans to extend its digital and intelligent management capabilities of supply chain assets into the Web3.0 domain, filling the information gap in the underlying asset trading within the Web3.0 ecosystem [5]. - Future collaborations with industry partners are anticipated to build an open, compliant, and win-win Web3.0 ecosystem, enhancing the resilience of the real economy and creating sustainable value for small and medium-sized enterprises and global investors [5].

SY HOLDINGS GROUP LIMITED 盛業控股集團有限公司 （於開曼群島註冊成立之有限公司） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 （股份代號：6069） (1)自願性公告－於HASHKEY CHAIN成功發行 亞太區首個供應鏈資 產RWA代幣化項目； 及 (2)有 關2025年7月29日自願性公告之澄清公告 (1) 自願性公告 本 公 告 乃 由 盛 業 控 股 集 團 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」 或「盛 業」）自 願 作 出。 茲提述本公司於2025年8月21日就正式啟動全球化佈局，打造由人工智能（「AI」） 技 術 驅 動 的 全 新「國 際 供 應 鏈 科 技 平 台」（「科技平台」）的 自 願 性 公 告。本 公 司 董 事 會（「董事會」）進 一 步 欣 然 宣 佈，2025年8月27日，本 集 團 在 亞 ...

Group 1 - The core viewpoint of the article highlights Shengye's strategic move to establish a global supply chain technology platform driven by AI, aimed at serving small and medium enterprises globally [1] - Shengye's stock rose over 7% in the afternoon trading session, with a current price of HKD 13.11 and a trading volume of HKD 193 million [1] - The company plans to officially launch its global layout on August 21, 2025, following the establishment of its international headquarters in Singapore [1] Group 2 - The new platform will offer a one-stop solution that includes flexible supply chain services, financial support, currency management, and digital empowerment [1] - Guojin Securities expresses optimism about Shengye's strategic positioning in e-commerce, AI, and robotics, anticipating continued expansion of the supply chain technology platform [1] - The company is expected to achieve a net profit of RMB 512 million in 2025, representing a 35% year-on-year growth, with a projected dividend payout of approximately RMB 950 million, corresponding to a dividend yield of 8.6% [1]

Core Viewpoint - The company is launching a new AI-driven "International Supply Chain Technology Platform" aimed at supporting small and medium enterprises globally, with a focus on enhancing supply chain services and digital empowerment [1] Group 1: Company Developments - The company’s stock rose over 7% in the afternoon trading session, currently up 4.88% at HKD 13.11, with a trading volume of HKD 193 million [1] - The company announced the establishment of its international headquarters in Singapore, set to officially launch its global strategy on August 21, 2025 [1] Group 2: Strategic Focus - The new platform will provide a one-stop solution that includes flexible supply chain services, financial connectivity, currency management, and digital empowerment [1] - The mission is to "reshape the global supply chain with small and medium enterprises," aiming to create a new era of global development [1] Group 3: Financial Outlook - Guojin Securities expresses optimism about the company's strategic positioning in e-commerce, AI, and robotics, predicting continued expansion of the supply chain technology platform [1] - The company is expected to achieve a total dividend payout of approximately RMB 950 million in 2025, corresponding to a projected dividend yield of 8.6% [1] - The forecast for the company's net profit attributable to shareholders in 2025 is RMB 512 million, representing a year-on-year growth of 35% [1]

Core Viewpoint - The company Shengye (06069) is launching a new global supply chain technology platform driven by AI, aimed at supporting small and medium enterprises in the global supply chain, with a mission to reshape the world supply chain [1] Group 1: Company Developments - Shengye's stock rose over 7% in the afternoon, currently trading at HKD 13.11 with a transaction volume of HKD 193 million [1] - The company announced the establishment of its international headquarters in Singapore, set to officially launch its global layout on August 21, 2025 [1] - The new platform will offer a one-stop solution including flexible supply chain services, financial support, currency management, and digital empowerment [1] Group 2: Strategic Outlook - Guojin Securities remains optimistic about Shengye's strategic positioning in e-commerce, AI, and robotics, expecting these sectors to drive the expansion of the supply chain technology platform [1] - The company is anticipated to see an increase in high-value revenue contributions, which will optimize its overall fee structure and enhance profitability [1] Group 3: Financial Projections - Shengye is projected to distribute a total dividend of approximately RMB 950 million in 2025, corresponding to an expected dividend yield of 8.6% [1] - The company's net profit attributable to shareholders is expected to reach RMB 512 million in 2025, representing a year-on-year growth of 35% [1]

Group 1 - A new company, Gaozhou Shengye Paper Products Co., Ltd., has been established with a registered capital of 1 million RMB [1] - The company's business scope includes a wide range of activities such as daily necessities sales, software development, and electronic product sales [1] - The company is authorized to engage in both general and licensed projects, including construction engineering and residential interior decoration [1]

Core Viewpoint - The recent mid-term performance report of Shengye (6069.HK) has attracted market attention, showcasing high growth trends and promising developments in AI and other cutting-edge fields [1][2]. Financial Performance - Shengye achieved a total revenue of approximately 405 million RMB and a net profit of about 203 million RMB for the first half of the year, reflecting a year-on-year growth of approximately 23% [3][5]. - The revenue from technology services surpassed 50% for the first time, reaching 52%, with a scale of approximately 211 million RMB, marking a year-on-year increase of 37% [3][5]. Business Model and Efficiency - The company is transitioning towards a technology-driven business model, which is expected to enhance profit margins and lead to a potential revaluation in the capital market [5]. - Shengye's operational efficiency has improved significantly, with the platform helping clients resolve approximately 278 billion RMB in capital turnover, a year-on-year increase of about 29% [7]. - The average profit per employee increased by 21% to 550,000 RMB, indicating ongoing operational efficiency breakthroughs [7]. AI Integration and Global Expansion - AI technologies, such as AI Agent, have been instrumental in enhancing operational efficiency and customer satisfaction, leading to new business opportunities [7]. - Shengye has initiated a global expansion strategy, establishing partnerships with over 30 international financial institutions and positioning its Singapore subsidiary as the group's international headquarters [8]. Value Anchors in Bull Market - The company possesses core asset attributes, particularly in the "AI + industrial supply chain" layout, which provides high visibility and a unique market position [9][11]. - Shengye's high growth potential is evident, especially in new sectors like e-commerce and robotics, with the e-commerce supply chain service scale exceeding 2.8 billion RMB, an eightfold increase year-on-year [12]. - The company maintains a high dividend policy, announcing a special dividend of 600 million RMB for 2025, which provides a safety margin for investors [13][14]. - The light asset model has begun to take shape, reducing financial risks and allowing for a potential revaluation towards technology platform companies [19]. Conclusion - Despite some stock price fluctuations post-earnings announcement, Shengye is expected to continue attracting market interest due to its core asset attributes, high growth potential, and safety measures [20]. - Long-term prospects remain strong as AI technology continues to innovate and expand into various applications, solidifying Shengye's leading position in the supply chain technology sector [20].

Core Viewpoint - The recent mid-term financial report of Shengye (6069.HK) has attracted market attention, showcasing strong growth and significant potential in AI and other cutting-edge fields [1][3]. Group 1: Financial Performance - Shengye achieved total revenue of approximately 4.05 billion RMB and a net profit of about 2.03 billion RMB for the first half of the year, reflecting a year-on-year growth of approximately 23% [6]. - The revenue from technology services surpassed 50% for the first time, reaching 52%, with a revenue scale of about 2.11 billion RMB, marking a 37% increase year-on-year [6][8]. - The company helped clients resolve approximately 278 billion RMB in capital turnover, a year-on-year increase of about 29%, with over 19,100 clients served, up over 14% [11]. Group 2: Operational Efficiency - The average profit per employee increased by 21% to 550,000 RMB, indicating continuous improvement in operational efficiency [11]. - The integration of AI technologies, such as AI Agent, has significantly enhanced operational efficiency, reduced costs, and improved customer satisfaction [11][12]. Group 3: Global Expansion - Shengye has established partnerships with over 30 international financial institutions and is actively expanding its business in Southeast Asia [12]. - The company announced the launch of a new AI-driven international supply chain technology platform aimed at serving small and medium-sized enterprises globally [12]. Group 4: Value Anchors - The company's core asset attributes, particularly its "AI + industrial supply chain" strategy, provide high visibility and a unique market position [13][15]. - Shengye's high growth potential is evident, especially in the e-commerce sector, where the capital matching scale exceeded 2.8 billion RMB, an increase of 800% year-on-year [15]. - The company maintains a high dividend policy, announcing a special dividend of 600 million RMB for 2025, with a commitment to a payout ratio of no less than 90% for 2025-2026 [18][21]. Group 5: Business Model Transformation - Shengye's light asset model has begun to take shape, leading to rapid growth in technology service revenue while maintaining a relatively low financial risk [23]. - As the proportion of light asset business revenue continues to rise, the company is expected to undergo a valuation reassessment, aligning more closely with technology platform companies [24].

Core Insights - The company announced the launch of an AI-driven international supply chain technology platform, marking the official start of its globalization strategy [1] - The platform aims to serve small and medium-sized enterprises in the global supply chain, providing flexible supply chain services, financial solutions, currency management, and digital empowerment [1] - The Singapore subsidiary has been established as the group's international headquarters, with plans to strategically increase resource investment to expand global market operations [1] Operational Analysis - The company has formed partnerships with over 30 international financial institutions and has collaborated with several leading regional and industry players to expand its business in Southeast Asia [1] - Notable collaborations include providing cross-border supply chain services for Carro, assisting Chinese merchants on Shopee, and working with Shein's core suppliers to explore markets in Vietnam and Morocco [1][2] - The platform will incorporate blockchain technology and promote RWA tokenization to convert quality international supply chain assets into standardized, traceable digital assets, enhancing capital turnover efficiency [2] Profit Forecast, Valuation, and Rating - The company is expected to see continued growth in its e-commerce, AI, and robotics sectors, driving the expansion of its supply chain technology platform [2] - With an increasing proportion of high-value revenue, the overall fee structure is expected to optimize, enhancing profitability [2] - The projected total dividend payout for 2025 is approximately RMB 950 million, with a forecasted dividend yield of 8.3% [2] - Expected net profits for 2025-2027 are RMB 512 million, 705 million, and 1.014 billion, reflecting year-on-year growth rates of 35%, 38%, and 44% respectively [2] - The current stock price corresponds to a 2025 PE ratio of 22.3 times, maintaining a "buy" rating [2]