Yixin Group Limited ("Yixin" or the "Company") announced its interim financial report on June 30, 2024. During the reporting period, the Company and its subsidiaries (the "Group") primarily engage in the business of providing loan facilitation services, guarantee services, value-added services, and software-as-a-service (SaaS) services in China ("Trading Platform Business"), as well as providing financing leasing services, factoring services, and other car services ("Self-operated Financing Business"). In the first half of 2024, the Group generated revenue of RMB 4.468 billion, an increase of 57% compared to the same period last year; gross profit was RMB 2.129 billion, an increase of 50%; operating profit was RMB 0.577 billion, an increase of 127%; net profit was RMB 0.41 billion, an increase of 54%. During the period, the Group...Show More

Yixin Group Limited ("Yixin" or the "Company") announced its interim financial report on June 30, 2024. During the reporting period, the Company and its subsidiaries (the "Group") primarily engage in the business of providing loan facilitation services, guarantee services, value-added services, and software-as-a-service (SaaS) services in China ("Trading Platform Business"), as well as providing financing leasing services, factoring services, and other car services ("Self-operated Financing Business"). In the first half of 2024, the Group generated revenue of RMB 4.468 billion, an increase of 57% compared to the same period last year; gross profit was RMB 2.129 billion, an increase of 50%; operating profit was RMB 0.577 billion, an increase of 127%; net profit was RMB 0.41 billion, an increase of 54%. During the period, the Group continued to expand its business scale and acquired the remaining 67.7966% equity of Dalian Rongxin Financing Guarantee Co., Ltd. ("Dalian Rongxin") to make it a wholly-owned subsidiary of the Group, in order to strengthen the Trading Platform Business. In addition, the Group adopted the 2024 Share Incentive Plan during the reporting period and granted 250,000,000 share options to employees as incentives and to retain talent.