On January 20, Gelonghui reported that SY HOLDINGS (06069.HK) announced it expects the company's profit for the year ending December 31, 2024, to increase by more than 30% compared to the year ending December 31, 2023. The expected increase is mainly due to:

1. Increased revenue from platform Technology services: Driven by the platform development strategy, digital Technology empowers digital finance and industry data drives inclusive finance. By December 31, 2024, the share of platform Technology service revenue is expected to increase to around 40%, further driving the overall performance growth of the company.

2. Growth in platform Business scale: With continuous investment in technological innovation applications and deeper connections within the industry’s digital ecosystem, the precise matching of digital financial needs on the supply chain is further refined, leading to a continuous expansion of platform Business scale. In 2024, the average daily balance of platform inclusive facilitation grew by over 180% compared to the same period last year. By December 31, 2024, the cumulative processed supply chain asset scale of 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.

3. Growth in the new e-commerce Sector Business: Through strategic investment in a comprehensive group engaged in e-commerce supply chain services and innovative pharmaceutical industry investments, the group has established cooperative relationships with several leading cross-border e-commerce platforms and provides innovative solutions for inclusive finance in cross-border e-commerce supply chains. This helps small and micro businesses in China shorten their payment settlement periods and accelerate capital turnover, supporting "Made in China" to "go global" and allowing Chinese consumers to engage in "global shopping," thus creating new business growth points.

The group is a leading supply chain Technology platform that continuously focuses on inclusive finance and digital finance business, closely following the policy guidance of the central financial work conference on the "Five Major Articles." The group has serviced national pillar Industries such as Infrastructure Engineering, Medical, and CSI Commodity Equity Index, and is also actively laying out more strategic XINXINGCHANYE. By integrating Technology with the industry supply chain, the group helps small and micro enterprises on the chain obtain more convenient inclusive finance services. As of the date this announcement is published, the proportion of small and micro enterprise clients in the group exceeds 96%, and the proportion of first-time borrowers exceeds 30%. The group has established strategic cooperation with more than ten core enterprises from large state-owned enterprises, around over 1.5 million quality suppliers, and linked with 163 funding partners, a significant increase of over 24% compared to the same period last year. Through continuous investment in Technology and talent over the past decade, the group holds a total of 80 national invention patents and computer software copyrights, helping over 18,100 small and micro enterprises obtain over 248 billion yuan in inclusive finance services.

Since its establishment, the group has maintained profitability for eleven consecutive years and sustained stable growth, with the Board of Directors maintaining stable and full confidence in the business outlook. Achieving positive profits during this period fully demonstrates the sustainability of the group's platform strategy and business model, indicating the group plays a positive role in promoting the integration of production and finance and ecological co-prosperity. In the future, the group will continue to increase R&D investment and supply chain ecological data connectivity, further enhancing its Technology financial capabilities and continuously supporting high-quality development of the real economy, providing more efficient and flexible inclusive finance services for small and micro enterprise clients.