SY HOLDINGS (06069) announced its 2025 annual results. Revenue from principal business was approximately 903.5 million yuan, a decrease of 1.7% year-on-year. Net profit amounted to approximately 483 million yuan, representing an increase of 23.6% compared to the previous year. Earnings per share were 48 cents, and the company proposed a final dividend of 40.47 cents per share.

The decrease in principal business revenue was primarily due to the Group's continued deepening of its capital-light strategy and the enhancement of its technology platform capabilities. This strategy guides more financing needs for supply chain working capital from small and medium-sized enterprise (SME) clients to be fulfilled through external funding partners connected via the platform. Consequently, revenue from digital financial solutions continued to decline. However, this impact was partially offset by a significant increase in platform technology service revenue driven by the platformization strategy.

As of December 31, 2025, the total number of cumulative platform clients exceeded 23,000, an increase of approximately 27.0% compared to 18,100 as of December 31, 2024. During the year ended December 31, 2025, SMEs accounted for over 96% of the client base. The cumulative volume of business facilitated intelligently through the platform surpassed 332.4 billion yuan, an increase of approximately 33.6% from 248.9 billion yuan as of December 31, 2024. The Group has cumulatively helped SME clients reduce financing costs by over 3.3 billion yuan.