SY Holdings Group Limited reported steady top-line performance and stronger profitability for the year ended 31 December 2025 (FY2025). Total revenue and income from principal activities edged down 1.7% year on year (YoY) to RMB 903.51 million, while profit after tax rose 23.6% YoY to RMB 483.20 million. Earnings per share increased to RMB 0.48, up from RMB 0.39 in FY2024.

Revenue mix continued to tilt toward platform-based technology services. Income from this segment jumped 36.6% YoY to RMB 473.53 million and accounted for 52.4% of total revenue, versus 37.7% a year earlier. Digital financing solutions contributed RMB 375.94 million, down 28.0% YoY, reflecting the group’s ongoing “asset-light” transition. Gain on refinancing of supply-chain assets rose 6.1% to RMB 54.04 million.

Operating metrics strengthened. The cumulative number of platform clients exceeded 23,000, up 27.0% YoY, with small- and medium-sized enterprises representing more than 96%. Cumulative intelligent facilitation business scale expanded 33.6% to RMB 332.40 billion. AI-related contract revenue surpassed RMB 17.00 million, more than 40-times the level recorded for the six months ended 30 June 2025.

Cost discipline and lower funding expenses underpinned margin expansion. Finance costs dropped 32.4% YoY to RMB 242.68 million, while total operating expenses rose 10.4% to RMB 303.87 million, partially reflecting higher R&D spending. The share of results of associates increased 21.5% to RMB 151.32 million.

The balance sheet remained liquid. Cash and cash equivalents stood at RMB 712.15 million, with an additional RMB 1.79 billion in pledged deposits. Total borrowings were RMB 3.58 billion, and liabilities-to-equity gearing rose slightly to 1.63. Supply-chain assets at fair value through OCI declined 10.8% to RMB 4.36 billion; average self-funded balances contracted 33.7% YoY, lifting the interest yield to 8.7%.

Two equity placements during the year—one in May raising approximately HKD 208.70 million and another in September raising about HKD 592.87 million—reinforced capital resources for technology and overseas expansion initiatives.

The Board proposed a final dividend of RMB 0.4047 per share, up from RMB 0.3470 a year earlier, and declared a special dividend of RMB 0.2319 per share. Aggregate ordinary and special dividends total RMB 0.6366 per share. The final dividend is scheduled for payment on 17 August 2026, subject to shareholder approval at the May 2026 AGM.

Management reiterated its platform-based strategy, targeting further growth from live-streaming e-commerce, Southeast-Asian expansion and AI value-added services while maintaining its “transaction-focused, entity-light” risk-control model.