Recently, Shengye (6069. HK) announced the annual results of 2021. As of December 31, 2021, the scale of supply chain assets handled by the company increased by 33% to 132 billion yuan (the same below) compared with the end of 2020; The net profit was 421 million yuan, a year-on-year increase of 25%.
The main operator of Shengye is Shengye Holding Group Co., Ltd., which was incorporated in 2013. It is a supply chain technology platform. The company’s main business includes providing digital financial solutions, platform services and supply chain technology services. The service industries include large infrastructure, medicine and energy. At present, the company has a self-developed supply chain technology service cloud platform “shengyitong cloud platform”, which can convert information into credit, etc.
On the eve of Shengye’s performance release, blue whale finance conducted an exclusive interview with Shengye on the relevant contents of the company’s business and technology.
First of all, Wang Feng, general manager of Shengye industry finance department, told blue whale finance that in the service scenarios of large infrastructure, medicine and energy, from the perspective of Shengye’s current platform asset management scale, the large infrastructure sector accounts for the highest proportion, which means that the company is currently digging the deepest in the field of large infrastructure.
In terms of important data about which industries Shengye has, Wang Feng said frankly: “Our model is to pay more attention to the authenticity of transactions while paying attention to the subject’s credit. In the normal operation of the supply chain, especially the infrastructure industry, it will produce a lot of data, and the normal supply chain interaction will produce digital and online progress. For example, online bidding platform, electronic contract, online order, online acceptance and settlement, etc. we have not changed this industry, but follow the original operation of the industry pattern. These data are available, but some traditional financial institutions have not paid attention to them. We are also based on these data to accumulate and explore step by step, and deeply explore the value of these data. “
Secondly, blue whale finance and economics noted that Yuanye, Chief Strategic Officer of Shengye, had publicly mentioned that “factoring business cannot be separated from the scene.” In this regard, he told blue whale finance that although Shengye itself has no industrial scene, Shengye has the ability to implant industrial scenes through industrial technology.
In this regard, Yuanye added: “The commercial factoring market began to develop in 2013, and the number of commercial factoring enterprises increased rapidly. Eight years ago, we saw the trillion potential of the supply chain financial market, and the traditional financial model could not solve the pain point of difficult and expensive financing for small, medium-sized and micro enterprises. Therefore, under the opportunity of the outbreak of factoring license, Shengye also entered the market, and successfully obtained the factoring license in December 2013, thus opening the business of supply chain finance.”
Yuanye further explained: “with the implementation of the No. 205 policy and the formal legislation of the factoring contract chapter of the civil code, commercial factoring has won important recognition and support at the national level. At the same time, the industry has gradually moved towards” strict supervision Promote the transformation in the direction of “compliance”, and some large state-owned enterprise factoring companies need to strengthen the application of financial technology, industrial scientific and technological innovation, digital ability and risk control ability, and continue to cultivate in serving the real economy and the development of small, medium and micro enterprises. The joint venture Guojin factoring established by Shengye and Wuxi transportation group is a classic case of mixed reform of state-owned enterprises in the commercial factoring industry. “
Yuanye pointed out that there are two core reasons for Shengye’s cooperation with the above-mentioned large factoring companies: one is to implant business and services into large state-owned enterprises with high-quality industrial scenes, which is conducive to Shengye’s long-term development; Second, with the support of large state-owned enterprises, Shengye is easier to obtain financial support from large financial institutions. In addition, this model can be highly replicated.
In terms of Shengye’s core competitiveness, Yuanye said to blue whale Finance: “Although the above model can be highly replicated, it is not easy to establish cooperation with large state-owned enterprises. Therefore, there are very few institutions that can really connect industrial technology and digital finance in the market. Shengye can benchmark with JD technology, but the scenarios of the two services are still different. JD technology mainly focuses on building smart cities for the government and providing digital solutions for financial institutions, while Shengye focuses on large infrastructure construction, medicine and other countries A strategic industry. “
Finally, for the hot topic of “blockchain enabled supply chain finance” in recent years, Shengye Information Technology Department explained the company’s future plan to Lanjing finance and economics.
Shengye information technology department revealed that although the company is not equipped with blockchain at present, it will go online in the future to improve the data security in process control. Previously, the company did not introduce blockchain because it believed that the technology could not solve the problem of authenticity of data sources.
Yuanye added that the blockchain is a “process control” tool, which can ensure that the data cannot be tampered with in the circulation link, but it can not guarantee the authenticity of the source data. The core of risk control of supply chain finance lies in the authenticity and rationality of transaction data, which cannot be checked through blockchain. Shengye needs to obtain real-time data in the trading scenario, which belongs to “real risk control”. Assuming that the data source is fabricated, even if there is blockchain guarantee in the process of data flow, it can not be tampered with, nor can it avoid the fact of false transactions.
According to Shengye’s official website, its strategic institutional shareholders include China Taiping Trust Co., Ltd., Lanting investment, American Taishan investment holding group and Wuxi transportation industry group. Partners include Ningbo Tongshang bank, Bank Of China Limited(601988) , CICC payment, Qianhai exchange, Sinopharm group, yunzhu.com, China Financial Certification Center, Wuxi Guojin commercial factoring, China Construction Bank Corporation(601939) , China Everbright Bank Company Limited Co.Ltd(601818) .
