SY Holdings Group Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the year, the Group is expected to record an increase of approximately 17% in profit for the year ended 31 December 2023 as compared to that for the year ended 31 December 2022. The expected increase was primarily attributable to: Increase in revenue from the platform-based services.

The increase is mainly contributed by the expansion of the loan facilitation business of the Group, which underscores the Group's platformized strategy to empower the digital finance with technology and to navigate the inclusive finance, as well as the diversification of the Group's revenue towards platform origination; and Growth in share of results of associates. This growth is primarily attributed to the surging profits of the associated commercial factoring companies which are jointly invested by the Group and state-owned enterprises (SOEs) in Wuxi, Ningbo, Xiamen and Qingdao respectively. The Group exports comprehensive supply chain technology services and inclusive digital financing solutions to joint ventures.

Simultaneously, leveraging the credit endorsement from high-quality SOEs in various regions enables the Group to reduce cost of capital, achieve complementary advantages and deepen the platformization cooperation between the Group and its partners.