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Public company info - SY Holdings Group Limited , 06069.HK
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SY Holdings Group Limited, 06069.HK - Company Profile
Chairman Tung Chi Fung
Share Issued (share) 937,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Other Financials
Corporate Profile Business Summary: The Group is a data driven supply chain financial services provider. Being part of the nonbank financial sector, the Group is regulated by the China Banking and Insurance Regulatory Commission. Performance for the year: The income from factoring and other services of Sheng Ye Capital Limited (the “Company”, together with its subsidiaries, the “Group”) for the year ended 31 December 2019 was RMB606.7 million representing an increase of approximately 29.0%, as compared to RMB470.4 million for the year ended 31 December 2018. The profit after tax for the year ended 31 December 2019 was RMB295.1 million representing an increase of approximately 39.3%, as compared to the profit after tax of approximately RMB211.9 million for the year ended 31 December 2018. Basic and diluted earnings per share for the year ended 31 December 2019 was RMB32 cents and RMB32 cents respectively (for the year ended 31 December 2018: basic and diluted earnings per share of RMB26 cents and RMB26 cents respectively). Business Review： The Group is a data driven supply chain financial services provider. Being part of the nonbank financial sector, the Group is regulated by the China Banking and Insurance Regulatory Commission. The Group strives to reshape the traditional supply chain financing landscape through innovative application of information technology. Benefitting from a professional and comprehensive risk management mechanism, the Group is able to fully leverage on its selfdeveloped “Sheng Yi Tong” online factoring system to deliver convenient, efficient, secured and quality supply chain financing and information technology services at lower cost for small and medium enterprises (“SME”s) and micro-enterprises. As of 31 December 2019, the Group offered accounts receivables financing services to SMEs and micro-enterprises aggregately amounting to over RMB34 billion, and the Group managed accounts receivables aggregately totaling over RMB70 billion. Its headquarter is in Shenzhen, the PRC. The Group provides customers with customized financing solutions secured by, amongst others, their accounts receivables, and also offers them accounts receivables management services. These services include credit assessment, review and verification of transactions relating to the accounts receivables, collection of accounts receivables on behalf of customers, and regular reporting to customers on matters concerning their accounts receivables. In return, the Group receives interest income and also professional fees for the services rendered. It also derives income from sales of rights of factoring assets to improve the cash flow of the Group and to enhance management of the Group’s factoring assets portfolio. With the Group’s expansion in diversified corporate services in supply chain and establish of loan facilitation platform, the Group generates fee income through provision of guarantee services, information technology services, consulting services, and miscellaneous services principally including accounts receivables management services without financing. Prospects: In 2019, the Group successfully transferred listing from GEM to the main board of the Stock Exchange, becoming the first mainland China commercial factoring company listed on the main board of the Stock Exchange. Since being included in the MSCI Global Small Cap Indexes - MSCI China Index in 2018, the Group has gained more market attention and investor recognition. Recently, the Group was included in the Hang Seng Composite Index and the Hong Kong Stock Connect, garnering more support from the capital market in recognition of its business development. Looking forward, the global economy is facing new risks and challenges under the impact of the coronavirus outbreak. During this period, digitalization technology has proved its indispensable value in tackling the epidemic, which means that companies actively leveraging on digital technology will also usher in new development opportunities in this test. With the domestic epidemic gradually stabilizing, coupled with the recovery of industry and economy, and the launch of a series of trillion-level key infrastructure investment plans across the country, it should bring more growth potential in the Group’s focused sectors. In addition, the Group, as a leading third-party factoring company, will also be able to gain more market opportunities with the support from favorable policies. In the future, the Group will continue to focus on accumulating industry expertise, advancing technology innovation, building a more professional and comprehensive risk control mechanism and industry ecosystem. By actively leveraging its competitive advantages, the Group aims to provide customers with better supply chain financing and information technology services, and contribute more to helping the real economy with challenges from the epidemic.

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