Yixin Group (02858) announced interim results. Adjusted net profit of 648 million yuan increased 28% year over year

According to the Zhitong Finance App, Yixin Group (02858) announced its interim results for the six months ended June 30, 2025. The group obtained revenue of RMB 5.452 billion (same unit), up 22% year on year; gross profit of RMB 2,886 million, up 36% year on year; net profit of 549 million yuan, up 34% year on year; adjusted net profit of RMB 648 million, up 28% year on year; basic operating profit of RMB 0.082 yuan per share.

In the first half of 2025, Yixin Group achieved steady growth. During the reporting period, the Group facilitated a total of about 364,000 automobile financing transactions (including new and used cars), an increase of about 10.7% over the same period last year. The total amount of financing reached approximately $32.7 billion, an increase of about 4.0% over the same period last year. The scale of used car financing continued to expand, reaching about 18.2 billion yuan, accounting for about 56% of total automobile financing.

As a strategic priority, the Group's fintech business (SaaS) continued to expand rapidly in the first half of 2025. The amount of financing facilitated through fintech platforms exceeded 15.3 billion yuan, an increase of about 58.2% over the previous year. The platform further enhances the variety of solutions and market penetration. As of June 30, 2025, Yixin Group's fintech platform has established partnerships with more than 60 financial institutions and continues to deepen cooperation with large state-owned banks (such as the Industrial and Commercial Bank of China). As a strategic priority, our fintech business is driving the company's digital transformation across the automotive finance value chain.

Yixin Group's value-added services are also continuously developing. In the first half of 2025, battery GAP products achieved rapid growth, with a transaction volume of about 31 thousand transactions, an increase of 44.5% over the previous year, effectively addressing NEV users' concerns about battery health and residual value.

As of June 30, 2025, the total value of auto finance assets (assets under management) managed by the Group jumped to about 112.1 billion yuan, consolidating the scale advantage in fierce market competition. This growth was supported by resilient asset quality, and the 90-day overdue rate at the end of the reporting period stabilized at around 1.86%.

In terms of financing, the Group continues to take a multi-pronged approach to further reduce the cost of capital. The priority coupon rate for asset-backed securities (ABS) issued in June 2025 is approximately 2.26%. Yixin Group further uses non-public targeted debt financing instruments (PPN), ultra-short-term financing notes (SCP) and other credit instruments to ensure the seamless operation of its multi-channel financing ecosystem. Notably, in June 2025, Yixin Group successfully issued its first double-stage, revolving credit syndicated loan linked to sustainable development in China under the arrangement of Mizuho Bank. This landmark transaction is the largest of its kind in the past five years, demonstrating Yixin Group's commitment to a leading position in sustainable finance.

In the first half of 2025, Yixin Group accelerated investment in cutting-edge artificial intelligence. We strategically upgraded our proprietary vertical large model, combined with expert hybrid (MoE) architecture and advanced inference acceleration to drastically reduce inference costs. Yixin Group is preparing to launch the next generation Agentic big model XinMM-AM1 within this year. Specially designed for the complexity of auto finance, including long decision cycles, complex user interactions, and multi-dimensional risk factors. XinMM-AM1 will perform the functions of an intelligent assistant and provide end-to-end decision-making solutions, which can greatly improve operational efficiency and service quality, and ultimately reshape the industrial ecosystem.