Gelonghui (06069.HK) announced on March 21, that for the year ended December 31, 2023, the Group's main business revenue and total revenue increased 20.4% year-on-year to RMB 963.5 million. Technology revenue (including platform service revenue and supply chain technology service revenue) was RMB 170.2 million, an increase of about 64.8% over the previous year. Technology revenue accounted for about 17.7% of the Group's main business revenue and total revenue, a significant increase from about 12.9% for the year ended December 31, 2022.

Profit after tax increased by approximately 17.2% to RMB 285.5 million from profit after tax of RMB 243.6 million for the year ended 31 December 2022. The directors proposed a dividend of HK26.9 cents per share for the year ended 31 December 2023 (HK7.5 cents per common share for the year ended 31 December 2022: HK7.5 cents per common share).

With the deepening of the Group's platformization strategy, the total number of total platform customers as of December 31, 2023 has exceeded 15,300, an increase of about 20.5% compared to more than 12,700 as of December 31, 2022. The total number of financial partners increased by 22.4% from 107 on December 31, 2022 to 131 on December 31, 2023. In the year ended December 31, 2023, the share of micro, small and medium-sized financing customers was over 97%.

As of December 31, 2023, the total amount of processed supply chain assets was approximately RMB 193 billion, an increase of approximately 21.4% over approximately RMB 159 billion as at 31 December 2022.

Shengye's “dual drive+big platform” growth strategy will continue to drive the company's development. Through strategic cooperation with core enterprises, the Group continues to use technology to embed the supply chain ecosystem, build a supply chain technology platform, and provide one-stop services for core enterprises, micro, small and medium-sized enterprises and capital parties. Shengye is also continuing to pay attention to and study the country's strategic industries and emerging industries, such as new energy, new infrastructure, e-commerce, etc., maintaining a cautious and positive open attitude, and conducting in-depth cooperation discussions on core enterprises within these industries to actively expand development opportunities.

In the future, Shengye will continue to strengthen cooperation with high-quality local state-owned enterprises, reach more local customers more efficiently by integrating into its supply chain ecosystem, and contribute to the development of the real economy. Leading state-owned enterprises in various regions usually have rich industrial scenarios and strong resource advantages, and Shengye's ability to accurately acquire customers and analyze big data through scientific and technological innovation has played a good role as a bridge and catalyst. It can efficiently connect industrial scenarios and intelligently match resources, and effectively revitalize the value of state-owned assets. In the future, the Group will continue to strengthen cooperation with high-quality state-owned enterprises, replicate successful experiences in more regions and cities, further build a digital ecosystem, help solve supply chain financing problems for micro, small and medium-sized enterprises, and help the development of the real economy.