Financial Performance - In the first half of 2023, the net profit of SY Holdings Group Limited was approximately RMB 187.0 million, representing a year-on-year increase of about 4.4%[16] - The main business revenue and income increased by 28.1% year-on-year to RMB 494.8 million for the six months ended June 30, 2023, compared to RMB 386.3 million for the same period in 2022[17] - Revenue from digital financial solutions reached RMB 355.0 million, representing a year-on-year growth of 17.4%[26] - Revenue from platform services surged by 129.9% year-on-year to approximately RMB 67.4 million, driven by the expansion of inclusive financing services[41] - Revenue from supply chain technology services increased dramatically by 5,763.0% year-on-year to RMB 16.7 million, attributed to the completion of smart site solutions and hospital SPD projects[42] - Other income increased by 369.8% year-on-year to RMB 6.3 million in the first half of 2023, compared to RMB 1.4 million in the same period last year[45] - Total operating expenses increased by 1.1% year-on-year to RMB 102.6 million for the six months ended June 30, 2023, from RMB 101.5 million in the previous year[46] - The operating cost-to-revenue ratio improved to 20.7% in the first half of 2023, down from 26.3% in the same period last year, indicating enhanced operational efficiency[47] - Adjusted net profit rose by 4.5% year-on-year to RMB 188.3 million for the six months ended June 30, 2023, compared to RMB 180.2 million in the same period last year[49] - The company reported a total comprehensive income of RMB 194,712 thousand for the six months ended June 30, 2023, compared to RMB 181,532 thousand in the same period of 2022, marking an increase of 7.2%[178] Financing and Investment - The financing amount provided directly and indirectly to small and micro enterprises reached RMB 12.88 billion, an increase of approximately 35.3% compared to the same period last year[17] - The platform's inclusive financing business loan amount accounted for approximately 39% of total loans in the first half of 2023, an increase of about 9 percentage points year-on-year[21] - In the infrastructure sector, the company increased its financing and technology cooperation scale with a core enterprise from RMB 1 billion to RMB 1.5 billion[18] - The company launched two supply chain inclusive financial products, "Goods Financing" and "Settlement Financing," targeting suppliers with large financing limits and low interest rates[18] - Borrowings, including loans from related parties, reached RMB 6,570.0 million, a year-on-year increase of 36.3%[57] - The average borrowing balance for the first half of 2023 was RMB 6,245.4 million, up 48.9% year-on-year[57] - New borrowings for the financing activities reached RMB 4,080,980, significantly higher than RMB 2,336,292 in the previous year, indicating an increase of 74.8%[196] - Cash used in financing activities resulted in a net outflow of RMB 371,923, compared to a net inflow of RMB 27,843 in the same period last year[196] - The company repaid loans amounting to RMB 4,417,230, which is an increase from RMB 2,345,966 in the previous year, indicating a rise of 88.5%[196] Asset Management - As of June 30, 2023, the total supply chain assets processed through the platform amounted to approximately RMB 177 billion, reflecting an 11.1% growth from December 31, 2022[17] - The supply chain asset balance, including self-funded loans and platform inclusive financing assets, was approximately RMB 14.05 billion, a year-on-year increase of 62.2%[26] - The average daily supply chain asset balance was about RMB 12.63 billion, reflecting a year-on-year growth of 52.8%[26] - The average daily platform inclusive financing balance increased to approximately RMB 4.7 billion, a significant year-on-year growth of 186.1%[28] - The fair value of supply chain assets accounted for other comprehensive income increased by 20.5% year-on-year to RMB 8,043.7 million as of June 30, 2023[53] - The average daily balance of self-funded supply chain assets increased by 19.8% year-on-year to RMB 7,937.9 million in the first half of 2023[53] - The interest yield on supply chain assets was 8.7% in the first half of 2023, a decrease of 0.1 percentage points year-on-year[53] - The outstanding supply chain assets amounted to RMB 750.2 million, a decrease of 29.6% from RMB 1,065.9 million as of December 31, 2022[54] - The provision for impairment losses on supply chain assets increased by 12.6% year-on-year to RMB 87.8 million as of June 30, 2023, compared to RMB 78.0 million as of June 30, 2022[55] Strategic Focus and Development - The company is strategically positioned as a supply chain technology platform, focusing on digital financial solutions and platform services[15] - The company aims to enhance its technological capabilities and platform service capacity to support the supply chain ecosystem, particularly in infrastructure, pharmaceuticals, and energy sectors[16] - The company’s dual-driven strategy combines industrial internet and digital finance to achieve sustainable growth[15] - The company is committed to optimizing data-driven business models and risk control models to provide precise and flexible supply chain financial services[17] - The company’s strategic focus is on building a supply chain ecosystem to drive the expansion of its industrial internet business[15] - The company has established long-term partnerships with core enterprises across various industries to provide data-driven supply chain financing services, benefiting from favorable regulatory policies[88] - The company is committed to long-term value creation through continued R&D investment and leveraging digital technology to improve risk control efficiency[71] - The company plans to continue strategic investments and acquisitions in the industrial technology and digital finance sectors, with a total of RMB 275.4 million already utilized for this purpose[77] Corporate Governance and Compliance - The company has established an audit committee to oversee financial reporting and internal controls, consisting of three members[153] - The independent auditor, Deloitte, reviewed the interim financial statements in accordance with the relevant standards, confirming no significant issues were found[157] - The company has maintained compliance with corporate governance codes and regulations since its listing on the GEM in July 2017 and subsequent transfer to the main board in October 2019[152] - The company confirms that at least 25% of its issued shares are held by the public as of the reporting date[149] Employee and Shareholder Information - The total employee cost was approximately RMB 718 million, an increase from RMB 695 million for the same period in 2022, reflecting a focus on talent retention and competitive compensation strategies[85] - The total number of employees increased to 386 as of June 30, 2023, compared to 377 employees at the end of 2022, indicating growth in operational capacity[85] - Tung Chi Fung holds 559,581,960 shares, representing 56.45% of the company's equity[90] - Chen Renze owns 581,000 shares (0.06%) and has options for 2,700,000 shares (0.27%)[90] - The company has a stock option plan adopted on July 6, 2017, allowing eligible participants to purchase shares as a reward for their contributions[96][97] - The stock option plan is designed to incentivize employees for their contributions to the group's ongoing operations and development[132] Stock Options and Restricted Share Units - The company granted 12,620,000 options at an exercise price of HKD 4.20 per share on September 11, 2017, with a validity of 5 years[106] - On November 14, 2018, the company granted 8,970,000 options at an exercise price of HKD 6.90 per share, also valid for 5 years[106] - The company granted 17,400,000 options on July 15, 2020, at an exercise price of HKD 6.68 per share, valid for 5 years[106] - On June 10, 2022, the company granted 11,000,000 options at an exercise price of HKD 6.46 per share, with a validity of 10 years[107] - The total number of stock options available for grant increased from 40,997,500 on January 1, 2023, to 42,097,500 on June 30, 2023[131] - The total number of restricted share units available for grant under the plan was 18,932,570 as of June 30, 2023[139] - The company granted 1,340,000 restricted share units to employees on June 10, 2022, equivalent to 1,340,000 ordinary shares[136] - As of June 30, 2023, a total of 1,160,000 restricted share units remain unexercised, with 140,000 units having lapsed[139]

Customer Growth - As of June 30, 2023, the total number of platform customers reached 13,655, an increase of approximately 19.6% from 11,413 as of June 30, 2022[2]. - The cumulative number of platform clients reached 13,655, marking a year-on-year increase of 21.2%[12]. Financial Performance - Total revenue and income increased by 28.1% year-on-year to RMB 494.8 million for the six months ended June 30, 2023, compared to RMB 386.3 million for the same period in 2022[2]. - Net profit after tax increased by approximately 4.4% to RMB 187.0 million for the six months ended June 30, 2023, compared to RMB 179.1 million for the same period in 2022[2]. - The company reported a net profit of RMB 187,006,000 for the period, compared to RMB 179,083,000 in the previous year, reflecting a growth of 4.9%[88]. - Total comprehensive income for the period was RMB 194,712 thousand, an increase from RMB 181,532 thousand in the previous year, reflecting a growth of about 7.1%[89]. Revenue Breakdown - Technology revenue, including platform service and supply chain technology service income, was RMB 84.1 million, a significant increase of approximately 183.9% from RMB 29.6 million for the six months ended June 30, 2022[2]. - Revenue from digital financial solutions increased by approximately 17.4% to RMB 355.0 million for the six months ended June 30, 2023, compared to RMB 302.3 million for the same period in 2022[2]. - Revenue from platform services surged by 129.9% year-on-year to approximately RMB 67.4 million, driven by the expansion of inclusive matching services[22]. - Revenue from supply chain technology services increased by 5,763.0% year-on-year to RMB 16.7 million, attributed to the completion of smart site solutions and hospital SPD projects[23]. - Revenue from the sale of supply chain assets rose by 2.8% year-on-year to RMB 55.8 million for the six months ended June 30, 2023, up from RMB 54.3 million in the previous year[25]. Financing and Investment - The financing amount provided directly and indirectly to small and micro enterprises reached RMB 12.88 billion, a year-on-year increase of approximately 35.3%[6]. - The company launched two supply chain inclusive finance products, "Goods Financing" and "Settlement Financing," aimed at standard suppliers, featuring large financing amounts and low interest rates[7]. - The company raised approximately HKD 275.4 million for strategic acquisitions and investments in the industrial technology and digital finance sectors, with all funds fully utilized[53]. - The company has a total of RMB 1,507,520,000 in guarantees related to third parties as of June 30, 2023, down from RMB 2,216,570,000 at the end of 2022[129]. Cost Management - Total operating expenses rose by 1.1% year-on-year to RMB 102.6 million for the six months ended June 30, 2023, from RMB 101.5 million in the previous year[27]. - The operating cost-to-revenue ratio improved to 20.7% in the first half of 2023, down from 26.3% in the same period of 2022, indicating enhanced operational efficiency[28]. - The company implemented cost management strategies that resulted in a reduction of other operating expenses by RMB 0.8 million during the reporting period[27]. Asset Management - The total amount of supply chain assets processed reached approximately RMB 177 billion, representing a year-on-year increase of about 21.2% from RMB 146 billion as of June 30, 2022[2]. - The supply chain asset balance was approximately RMB 14.05 billion, with a year-on-year increase of 62.2%[12]. - The average daily supply chain asset balance was about RMB 12.63 billion, reflecting a year-on-year growth of 52.8%[12]. - The average daily platform inclusive matching balance increased to approximately RMB 4.7 billion, a significant year-on-year growth of 186.1%[15]. Tax and Compliance - The income tax expense for the six months ended June 30, 2023, was approximately RMB 42.0 million, significantly up from RMB 8.8 million for the same period in 2022[39]. - The actual tax rate increased from 4.7% for the six months ended June 30, 2022, to 18.3% for the six months ended June 30, 2023, primarily due to the expiration of tax exemption policies for certain subsidiaries[39]. - The company has obtained several international authoritative certifications in information security management, demonstrating its efforts and capabilities in adhering to national data protection frameworks[64]. Strategic Initiatives - The "dual-driven + large platform" growth strategy will continue to drive the company's development, focusing on technology integration in the supply chain ecosystem[47]. - The company aims to become Asia's most trusted supply chain technology platform, focusing on investments in key strategic areas, particularly in supply chain technology and digital finance[57]. - The group is actively expanding its business and enhancing existing operations in response to favorable policies aimed at supporting small and micro enterprises[64]. Shareholder Information - The company does not recommend the payment of dividends for the six months ended June 30, 2023[2]. - The company declared a dividend of RMB 68,549,000 for the six months ended June 30, 2023, compared to RMB 64,411,000 for the same period in 2022, indicating an increase of 5%[122]. - The company repurchased 17,058,500 shares at a total cost of approximately HKD 103.4 million, which were subsequently canceled[75]. Research and Development - The company plans to continue investing in R&D to maintain its technological leadership in the supply chain ecosystem[48]. - Research and development costs for the six months ended June 30, 2023, were RMB 7,211,000, an increase of 61% compared to RMB 4,462,000 for the same period in 2022[120].

S 盛業 SY HOLDINGS GROUP LIMITED 盛 業 控 股 集 團 有 限 公 司 (於閉曼群島註冊成立之有限公司) (股份代號 : 6069) 2022 年報 目錄 頁次 2 業績亮點 3 財務資料摘要 4 主席報告 6 管理層討論與分析 23 董事及高級管理層履歷 43 董事會報告 66 獨立核數師報告 72 綜合損益表 73 綜合損益及其他全面收益表 頁次 27 企業管治報告 74 綜合財務狀況表 76 綜合權益變動表 78 綜合現金流量表 81 綜合財務報表附註 210 公司資料 公司資料 210 2022年報 業績亮點 截至 2022 年 12 月 31 日止年度 | --- | --- | --- | --- | --- | |-------------------------------------|---------------------------------|-------|---------------------------------|------------------------| | | | | | | | 主營業務收入及收益總額 (人民幣千元) | | | ...

Dividend Proposal - The company proposed a final dividend of HKD 0.075 per share for the year ended December 31, 2022[1] - The proposed final dividend is subject to approval at the upcoming annual general meeting scheduled for late June 2023[1] - The ex-dividend date is set for June 28, 2023, with a suspension of share transfer registration on June 30, 2023[2]

Customer Growth - As of December 31, 2022, the total number of cumulative customers exceeded 12,700, an increase of approximately 23.3% from over 10,300 as of December 31, 2021[2]. - The platform had approximately 12,700 customers, representing a 20.5% increase compared to December 31, 2021[9]. - As of December 31, 2022, the group had a total of 4,782 supply chain assets, a significant increase from 1,409 as of December 31, 2021[33]. Financial Performance - The total revenue and income from the main business increased by 39.1% to RMB 800.4 million for the year ended December 31, 2022, compared to RMB 575.3 million for the year ended December 31, 2021[2]. - Total revenue for the year ended December 31, 2022, was approximately RMB 800.4 million, representing a year-on-year increase of 39.1% from RMB 575.3 million in 2021[19]. - The net profit for 2022 was RMB 243.6 million, a decrease of RMB 177.9 million or 42.2% year-on-year[26]. - The company reported a net profit of RMB 243,608,000 for the year, down 42.2% from RMB 421,473,000 in 2021[84]. - The adjusted net profit for the year ended December 31, 2022, was RMB 249.6 million, an increase of 10.3% from RMB 226.2 million for the year ended December 31, 2021[3]. Revenue Breakdown - Technology-related revenue, including platform service income and supply chain technology service income, was RMB 103.3 million, a significant increase of approximately 105.8% from RMB 50.2 million for the year ended December 31, 2021[2]. - Revenue from platform services increased by 46.4% year-on-year to approximately RMB 71.0 million, driven primarily by the expansion of the platform's inclusive lending business[20]. - Revenue from supply chain technology services surged by 1832.7% year-on-year to approximately RMB 32.3 million, attributed to successful projects in smart construction and hospital solutions[21]. - Revenue from digital financial solutions grew by 45.3% year-on-year to approximately RMB 624.9 million, mainly due to increased average balances from the acquisition of Wuxi Guojin[22]. - Revenue from the sale of supply chain assets decreased by 24.0% year-on-year to approximately RMB 72.3 million, primarily due to reduced transfer yields and total amounts of sold assets[22]. Asset Management - The total amount of supply chain assets processed reached approximately RMB 159 billion, representing an increase of about 20.5% from approximately RMB 132 billion as of December 31, 2021[2]. - The supply chain asset balance (including self-funded loans and platform microfinance assets) was approximately RMB 11.93 billion, a year-on-year increase of 46.9%[9]. - Daily average supply chain asset balance was approximately RMB 8.8 billion, up 44.8% year-on-year[9]. - The total value of supply chain assets measured at fair value through other comprehensive income was RMB 84.22 billion, an increase of 26.1% year-on-year[32]. - The average daily balance of self-owned supply chain assets for 2022 was RMB 68.09 billion, up 52.9% from 2021[32]. Operational Efficiency - The operating cost-to-revenue ratio improved to 28.6% in 2022 from 39.8% in 2021, indicating enhanced operational efficiency[25]. - The company maintained a stable asset quality with a non-performing rate of 0%[9]. - The company aims to continue expanding its platform services and supply chain technology solutions to enhance revenue growth in the future[20][21]. Strategic Initiatives - The company is strategically positioned as a supply chain technology platform, aiming to drive digital transformation in traditional industries through technology[4]. - The business segments include digital financial solutions, platform services, supply chain technology services, and sales of supply chain assets, with a focus on expanding the supply chain ecosystem[4]. - The "dual engine + big platform" strategy is foundational for achieving higher efficiency and sustainable growth in the future[4]. - The company plans to leverage technology to empower digital finance and enhance the scale of its industrial internet business[4]. Funding and Investments - The group has committed approximately RMB 10.5 million in donations since 2014, impacting over 3,600 individuals through various charitable activities[15]. - The group aims to enhance its capital efficiency and reduce funding costs through partnerships with various financial institutions, reflecting recognition of its data-driven risk control capabilities[15]. - The group signed a loan agreement totaling USD 50 million with Orion Capital Asia for a three-year term[14]. - The cooperation limit with China Construction Bank Shenzhen Branch was increased from RMB 1 billion to RMB 2 billion in May 2022[14]. Employee and Governance - The group had a total of 377 employees, an increase from 347 employees as of December 31, 2021[59]. - Total employee costs for the year ended December 31, 2022, were approximately RMB 162.8 million, down from RMB 172.4 million for the year ended December 31, 2021[59]. - The company has complied with corporate governance codes since its listing on July 6, 2017, until December 31, 2022[78]. Regulatory and Compliance - The company has adopted the revised Hong Kong Financial Reporting Standards effective from January 1, 2022, with no significant impact on the financial position or performance[95]. - The audit committee has reviewed the financial statements for the year, ensuring compliance with applicable accounting standards and regulations[82]. - The group has established a comprehensive internal control system for digital financial solutions, focusing on risk assessment and approval processes[38]. Market Position and Future Outlook - The company aims to become Asia's most trusted supply chain technology platform under the "Dual-Driven + Big Platform" strategy, focusing on technology capabilities and market expansion[57]. - The digital finance business maintained steady growth despite significant external challenges[44]. - The group is actively exploring opportunities in strategic industries such as new energy and new infrastructure[45].

Financial Performance - Net profit for the year reached RMB 421,473 thousand, a 25% increase compared to RMB 337,396 thousand in 2020[7]. - Revenue from platform services amounted to RMB 48,484 thousand, reflecting a 38% growth from RMB 35,034 thousand in the previous year[7]. - The company's main business revenue decreased by 9.3% year-on-year to RMB 575.3 million for the year ended December 31, 2021, down from RMB 634.1 million[42]. - Revenue from digital financial solutions decreased by 6.7% year-on-year to RMB 430.0 million, primarily due to a strategic shift towards platform services and lower interest rates to support SMEs[48]. - Revenue from the sale of supply chain assets decreased by 31.2% year-on-year to RMB 95.2 million, attributed to a reduction in interest yield and total assets sold[49]. - The group recorded other income of RMB 225.7 million in 2021, an increase of RMB 179.9 million or 393.1% year-on-year, primarily due to the gain from acquiring 40% equity in Wuxi Guojin amounting to RMB 204.8 million[50]. - Total operating expenses increased by 23.4% year-on-year to RMB 232.6 million, driven by an increase in employee costs of RMB 35.7 million and depreciation and amortization of RMB 5.2 million[52]. - Net profit for 2021 was RMB 421.5 million, representing a year-on-year growth of RMB 84.1 million or 24.9%[54]. User Growth and Platform Development - Total cumulative platform users exceeded 10,300, representing a 39% increase from 7,400 users as of December 31, 2020[7]. - The average daily platform inclusive matching balance increased to RMB 16.24 million, an 83% year-over-year growth[29]. - The company has developed its own fintech platform, "Shengyitong Cloud Platform," integrating various technologies to enhance risk management and customer experience[19]. - The company provides smart enterprise solutions and supply chain procurement systems to strengthen its position as a one-stop service platform in the supply chain ecosystem[22]. Strategic Partnerships and Collaborations - The company has established partnerships with 86 funding partners as of December 31, 2021, compared to 46 partners in the previous year, indicating strong growth in collaboration[7]. - The company has secured a national-level project for smart construction sites, enhancing its technological capabilities in the industry[11]. - Strategic cooperation agreements have been signed with Wuxi Economic Development Zone to accelerate fintech research and development[14]. - The company has established strategic cooperation with Tencent Cloud in the "Smart Construction" field to accelerate the digital upgrade of the infrastructure industry[15]. - The group established a strategic partnership with Tencent Cloud to build a "Smart Construction + Digital Supply Chain" platform[35]. Investment and Financial Strategy - The company plans to utilize the proceeds of HKD 550.8 million from a rights issue for technology investment and business expansion[14]. - The group secured RMB 525 million in offshore syndicated loans based on accounts receivable supply chain assets in Q1 2021[29]. - The group completed a placement of HKD 550.8 million in October 2021, bringing in Wuxi Transportation Group as a strategic shareholder[29]. - The company has pledged bank deposits of RMB 429.3 million and various supply chain assets with a total book value of RMB 2,160.8 million to secure financing as of December 31, 2021[74]. Corporate Governance and Compliance - The company has adhered to the corporate governance code as per the listing rules for the fiscal year ending December 31, 2021[105]. - The board consists of two executive directors, one non-executive director, and four independent non-executive directors as of December 31, 2021[109]. - The company aims to maintain a high standard of corporate governance to enhance shareholder confidence[105]. - The company has established a risk management committee to ensure compliance with legal and regulatory requirements[108]. - The company has established procedures for handling and disseminating inside information, complying with the listing rules[160]. Employee and Management Development - As of December 31, 2021, the group had a total of 347 employees, an increase from 287 employees as of December 31, 2020[79]. - Total employee costs for the year ended December 31, 2021, were approximately RMB 172.4 million, up from RMB 123.4 million for the year ended December 31, 2020[79]. - The group has implemented a comprehensive incentive plan to reward existing senior management and retain new senior management[79]. - The group is committed to improving and optimizing its compensation and benefits policies to maintain competitiveness in the market[79]. ESG and Social Responsibility - The company has received an ESG rating of "A" from MSCI, ranking among the top in the fintech sector[16]. - The company has integrated ESG themes into its strategic and business focus, reflecting its commitment to social responsibility and sustainable development[16]. - Charitable donations for the year amounted to RMB 3.3 million, an increase from RMB 1.1 million in 2020[186]. Market Position and Future Outlook - The company aims to become the most trusted supply chain technology platform in the Asia-Pacific region through technological leadership and platform development[16]. - The group aims to expand into the industrial technology sector, evidenced by winning the smart construction project for Shenzhen Pengcheng Laboratory[28]. - The group aims to become the most trusted supply chain technology platform in the Asia-Pacific region, focusing on digital finance and industrial technology as growth engines[59].