SY Holdings Group Limited (6069.HK) Q3 2024: 6069 Hk

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

241.66M

QoQ: 10.84% | YoY:3.12%

Gross Profit

237.33M

98.21% margin

QoQ: 11.18% | YoY:1.89%

Operating Income

170.92M

QoQ: -2.15% | YoY:15.22%

Net Income

112.43M

QoQ: 44.77% | YoY:140.79%

EPS

0.12

QoQ: 51.32% | YoY:167.86%

Revenue Trend

Margin Analysis

Key Insights

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

currentRatio

1.28

grossProfitMargin

98.2%

operatingProfitMargin

70.7%

netProfitMargin

46.5%

returnOnAssets

1.06%

returnOnEquity

2.76%

debtEquityRatio

1.26

operatingCashFlowPerShare

$1.12

freeCashFlowPerShare

$1.1

dividendPayoutRatio

0.67%

priceToBookRatio

1.34

priceEarningsRatio

12.09

Net Income vs. Revenue

Expense Breakdown

Competitive Position

Company	Gross Margin	Operating Margin	Return on Equity	P/E Ratio
6069.HK Focus	98.21%	70.70%	2.76%	12.09%
0900.HK	1.00%	70.20%	2.54%	5.85%
6806.HK	1.00%	28.80%	1.67%	6.73%
6100.HK	76.60%	14.90%	1.54%	6.95%

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

SY Holdings Group Limited (6069.HK) QQ3 2024 Earnings Analysis: Robust Platform-Driven Growth and High Margin in Chinese Financial Services

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

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

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

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