SY Holdings Group Limited (6069.HK) Q3 2024 Earnings Report

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SY Holdings Group Limited

6069.HK

HKD10.65 1.91%

Exchange: HKSE | Sector: Financial Services | Industry: Financial Credit Services

Q3 2024

Published: Sep 30, 2024

Earnings Highlights

Revenue of $241.66M up 3.1% year-over-year
EPS of $0.12 increased by 167.9% from previous year
Gross margin of 98.2%
Net income of 112.43M
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6069.HK

Company 6069.HK

Period Q3 2024

Currency CNY

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

SY Holdings Group Limited delivered a solid QQ3 2024 performance driven by its platform-based financing and digital solutions. Revenue rose to 241,658,000 CNY, up 3.12% YoY and 10.84% QoQ, while gross margins remained exceptionally high at 98.21%, supporting an EBITDA margin of 66.07% and an operating margin of 70.73%. Net income of 112,429,000 CNY translated to a 46.52% net profit margin and basic earnings per share of 0.12 (diluted 0.12), underscoring the high operating leverage of SY’s software-enabled financing model. Free cash flow reached 1,070,153,000 CNY with operating cash flow of 1,092,544,500 CNY, reflecting strong cash-generation discipline even as the company absorbs financing activity to support growth.

Key Performance Indicators

Revenue

Increasing

241.66M

QoQ: 10.84% | YoY: 3.12%

Gross Profit

Increasing

237.33M

98.21% margin

QoQ: 11.18% | YoY: 1.89%

Operating Income

Increasing

170.92M

QoQ: -2.15% | YoY: 15.22%

Net Income

Increasing

112.43M

QoQ: 44.77% | YoY: 140.79%

EPS

Increasing

0.12

QoQ: 51.32% | YoY: 167.86%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: 241,658,000 CNY; YoY +3.12%, QoQ +10.84%. Gross Profit: 237,334,000 CNY; Gross Margin 98.21%; YoY +1.89%, QoQ +11.18%. EBITDA: 159,669,500 CNY; EBITDA Margin 66.07%. Operating Income: 170,923,000 CNY; Margin 70.73%; YoY +15.22%, QoQ -2.15%. Net Income: 112,429,000 CNY; Net Margin 46.52%; YoY +140.79%, QoQ +44.77%. EPS: 0.12 CNY; YoY +167.86%, QoQ +51.32%. Cash Flow: CFO 1,092,544,500 CNY; Free Cash Flow 1,070,153,000 CNY; FCF per share 1.096 CNY. Balance Sheet: Total assets 10,598,922,000 CNY; Total liabilities 6,484,540,000 CNY; Total stockholders’ equity 4,070,593,000 CNY. Liquidity and leverage: Cash & equivalents 515,614,000 CNY; Short-term debt 4,962,957,000 CNY; Total debt 5,146,789,000 CNY; Net debt 4,631,175,000 CNY; Current ratio 1.277; Debt-to-equity 1.264; ROA 1.06%, ROE 2.76%, ROCE 3.62%. Valuation (as of QQ3 2024): P/E 12.09x, P/B 1.34x, P/S 22.50x, P/FCF 5.08x; Dividend yield 0.0138%.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	241.66M	3.12%	10.84%
Gross Profit	237.33M	1.89%	11.18%
Operating Income	170.92M	15.22%	-2.15%
Net Income	112.43M	140.79%	44.77%
EPS	0.12	167.86%	51.32%

Key Financial Ratios

Gross Profit Margin

Excellent

98.20%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Excellent

70.70%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Excellent

46.50%

Net profit margin is exceptional, indicating strong pricing power and operational efficiency

Return on Assets

Weak

1.06%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

2.76%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.28

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

1.26

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Value

12.09x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

1.34x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	405.09	0.20	+85.8%	View
Q4 2024	241.66	0.12	+3.1%	View
Q3 2024	241.66	0.12	+3.1%	View
Q2 2024	218.03	0.08	-11.9%	View

SY Holdings Group Limited (6069.HK) Q3 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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