Latest news with #Shenzhen
Malay Mail
9 hours ago
- Business
- Malay Mail
SY Holdings Issues Positive Profit Alert for 1H 2025: Net Profit Expected to increase by approximately 20%, Platform-Based Tech Revenue Share Surpasses 50%
SHENZHEN, CHINA - EQS Newswire - 16 July 2025 - SY Holdings Group Limited ("SY Holdings" or the "Group", Stock Code: a leading digital-intelligence technology company focused on "AI + Industrial Supply Chains", today announced a positive profit alert for the six months ended 30 June 2025. Net profit is expected to rise by approximately 20% expected increase is mainly attributable to the following:Through its platform-based development strategy, SY Holdings leverages cutting-edge technologies such as AI Agent to deeply connect industrial ecosystem and data network. By capitalizing on its differentiated risk control model featuring "transaction-focused, entity-light", SY Holdings delivers "abundant, fast, high-quality and cost-effective" platform-based services to support clients' needs in working capital. As at 30 June 2025, the Platform has cumulatively facilitated over RMB277 billion in working capital solutions for its clients, representing a year-on-year growth of over 29%, while the cumulative number of clients served exceeded 19,100, with a year-on-year growth of over 14%. Among them, small and medium enterprises ("SMEs") clients accounted for over 97% of the total, with first-time borrowers making up more than 30%. The Platform has also helped clients reduce financing costs by at least 30%.Through its self-developed "SY Cloud Platform" (the "Platform"), SY Holdings has built an efficient intelligent bridge between the industrial and capital sides, accelerating the expansion of its asset-light operating model. On this basis, the company's platform-based facilitation business accounted for 88% of total volume, while the proportion of revenue contributed by platform-based technology services has exceeded 50%. As of 30 June 2025, the Platform has connected with over 180 funding partners, representing a year-on-year increase of more than 30%. The Platform has become a key strategic partner for financial institutions in advancing their inclusive finance Platform is deeply integrated with open-source artificial intelligence ("AI") large models such as DeepSeek, Qwen and Doubao. Having undergone training and optimization with high-quality industrial data, the Platform can intelligently match project orders and procurement information based on clients' product characteristics, sales records, production capacity and performance. Meanwhile, leveraging its industrial ecosystem and international market networks, SY Holdings assists ecosystem participants in precisely connecting with overseas demand, enabling them to efficiently carry out marketing, customer acquisition, opportunity seizing, and accelerating their integration into the global industrial supply chain. As of June 30, 2025, SY Holdings leveraged AI technology to deliver value-added services to its clients. Notably, by using AI agents to support clients in securing orders, SY Holdings achieved its first milestone of generating over RMB400,000 revenue through AI-assisted order Holdings has successfully achieved a breakthrough from scratch in the new e-commerce sector in a short period of time. The company have successfully established a presence on five top-tier e-commerce platforms, unlocking a market with potential exceeding RMB10 trillion and access to over 10 million merchants. Leveraging its robust data connectivity and processing capabilities, SY Holdings empowers emerging businesses by providing actionable insights into key metrics such as sales performance, traffic trends, and inventory turnover. This enables merchants to stay ahead of the curve, predict consumer demands, and identify potential bestsellers with precision. Meanwhile, the company offers flexible working capital facilitation services based on real-time transaction data, helping merchants capitalize on every opportunity to drive growth and create blockbuster products. Additionally, SY Holdings has introduced Be Friends Holding Limited (Stock Code: 1450) as a strategic investor, enabling a rapid entry into the live-streaming e-commerce space. As at 30 June 2025, the cumulative amount of working capital facilitation in e-commerce segment has exceeded approximately RMB2.8 billion, representing an almost eightfold growth harnessing the data processing and logical reasoning capabilities of AI large models, combined with ample computing power support from Wuxi Economic Development Zone, SY Holdings integrates and analyses vast volumes of unstructured data such as contracts, documents and public opinions in real time, dynamically generating the enterprise and transaction profiles. This significantly enhances risk control efficiency and avoiding transaction fraud risks. With the strategic investment from a subsidiary of XtalPi Inc. (Stock Code: 2228), SY Holdings receives strong technical support for the development of industrial AI Agents, while deploying innovations such as AI-powered document classification and smart contract review to drive cost reduction and efficiency improvements in collaboration with ecosystem partners. As at 30 June 2025, the per capita working capital facilitated for clients grew by nearly 27%.SY Holdings is a digital intelligence technology company focusing on "AI + Industrial supply chain". In the face of the continuously growing service demand, the company is actively expanding into new tracks such as e-commerce, robotics and AI applications, it aims to assist SMEs in both precisely matching orders and providing differentiated working capital facilitation services. In the robotics sector, SY Holdings has established a strategic collaboration with Stand Robots (Wuxi) Co., Ltd. which is one of the global leaders in industrial intelligent robotics. This forward-looking initiative positions us to swiftly enter emerging industries, laying a solid foundation for sustained growth and innovation over the next the same time, SY Holdings continues to increase research and development investment and talent cultivation, and has obtained nearly 90 national invention patents and computer software copyrights, covering areas such as data verification, repayment prediction and risk control to now, SY Holdings has maintained profitability for 11 consecutive years and implemented a high dividend policy for 7 consecutive years, and has committed to a dividend payout ratio of not less than 90% conduct declaration and payment of dividends with payout ratio of no less than 90% for the financial years ending 31 December 2025 and 31 December 2026. Including the special dividend, the total dividend payout for the financial years ending 31 December 2025 is expected to reach approximately RMB950 million, implying a dividend yield exceeding 8.5%.Moving forward, SY Holdings will strengthen its industrial ecosystem and data connectivity, continuously enhancing the commercialization of AI Agent and its platform-based technology service #SYHoldings The issuer is solely responsible for the content of this announcement.
Yahoo
15 hours ago
- Business
- Yahoo
Huawei Tops China Smartphone Market for First Time in Years
(Bloomberg) -- Huawei Technologies Co. took the top spot in China's smartphone market for the first time in more than four years, a comeback fueled by new designs and software that appealed to users in a slowing market. The Dutch Intersection Is Coming to Save Your Life Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests LA Homelessness Drops for Second Year Manhattan, Chicago Murder Rates Drop in 2025, Officials Say The hardware giant held on to a roughly 18% share of the market in the June quarter, while other leading competitors like Vivo and Oppo slumped, according to IDC data. The Shenzhen device maker showed greater resilience than rivals as overall shipments in China fell 4% to 69 million units. Huawei's recovery follows years of US export restrictions, which spurred the company to develop its own hardware and technologies, including artificial intelligence chips. In 2024, Huawei launched several smartphones powered by domestically designed and manufactured semiconductors, including the world's first commercially available device with two folds. It's also added smartphones with its own operating system, transitioning away from Google's Android. IDC researchers saw the first decline in China shipments after six consecutive quarters of growth, attributing that to diminishing help from government subsidies. 'Despite the recent US-China trade truce, the broader economic environment presents ongoing challenges, with consumer confidence remaining subdued,' said Arthur Guo, senior research analyst at IDC China. 'A significant uplift in smartphone demand is unlikely in the immediate term.' Forget DOGE. Musk Is Suddenly All In on AI Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot How Hims Became the King of Knockoff Weight-Loss Drugs The New Third Rail in Silicon Valley: Investing in Chinese AI How Starbucks Is Engineering a Turnaround With Warm Vibes and Cold Foams ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
16 hours ago
- Business
- Bloomberg
Huawei Tops China Smartphone Market for First Time in Years
Huawei Technologies Co. took the top spot in China's smartphone market for the first time in more than four years, a comeback fueled by new designs and software that appealed to users in a slowing market. The hardware giant held on to a roughly 18% share of the market in the June quarter, while other leading competitors like Vivo and Oppo slumped, according to IDC data. The Shenzhen device maker showed greater resilience than rivals as overall shipments in China fell 4% to 69 million units.
The Standard
17 hours ago
- Business
- The Standard
Vanke seeks to extend some bank loans by up to 10 years
Employees walk past a logo of Vanke at its headquarters in Shenzhen, south China's Guangdong province, November 2, 2015. REUTERS/Tyrone Siu/File Photo
Courier-Mail
17 hours ago
- Automotive
- Courier-Mail
BYD, Chery caught in $185m Chinese EV subsidy scandal
Don't miss out on the headlines from Motoring. Followed categories will be added to My News. Two of China's largest electric vehicle manufacturers, BYD and Chery, have been caught up in a multimillion-dollar subsidy scandal after a government audit revealed they improperly claimed more than $80 million in taxpayer funds. China's Ministry of Industry and Information Technology, shows that from 2016 to 2020, the automakers received public subsidies for more than 13,000 vehicles that failed to meet official requirements. Preliminary results published late last month show Chery had applied for approximately 240 million yuan (approximately AUD $51 million) in funding for 8,760 electric and hybrid vehicles that did not qualify. MORE: EV boss calls for end to ute incentives BYD electric cars waiting to be loaded to the car carrier BYD "Shenzhen", which will sail to Brazil from the Taicang Port in Suzhou, in China's eastern Jiangsu province. (Photo by AFP) / China OUT BYD had 4,973,143 million yuan (approximately AUD $30 million). Both car brands accounted for close to 60 per cent of the total improper claims. The audit assessed more than 75,000 vehicles from more than a dozen automakers. In total, more than 21,700 vehicles across multiple brands were deemed ineligible accounting for 864.9 million yuan (approximately AUD $185 million) in questionable subsidies. No formal allegations of fraud have been made but the audit did flag issues such as missing supporting documents and failure to meet minimum mileage thresholds required under the phased out EV incentive scheme. Under the subsidy program, the Chinese government had previously offered generous cash rebates of up to 60,000 yuan (AUD $8400) per electric or plug-in hybrid vehicle, paid directly to manufacturers, who were supposed to pass on the subsidy to their customers as a discount on the purchase price. MORE: Jet on wheels delivers wild luxury Chery had applied for approximately 240 million yuan (approximately AUD $51 million) in funding for 8,760 electric and hybrid vehicles that did not qualify. Picture: Supplied However, this did not always happen correctly. Regulators were particularly sceptical of dealer practices and sales strategies, calling out 'zero kilometre used cars', brand new vehicles registered to dealers and resold as used stock to inflate sales figures. The Ministry has not confirmed whether any of the funds flagged in the audit have been repaired or deducted from future payments. Chery denied the allegations and has said it acted transparently and said the audit only involved subsidy applications that had not yet been paid out. BYD has not yet commented. Originally published as BYD, Chery caught in $185m Chinese EV subsidy scandal
