Business Overview Financial Summary
Yi Xin Group is the largest Internet automobile retail trading platform in China. Powered by the Internet platform, the Group's operations are divided into two major divisions: (i) the trading platform business, which mainly includes facilitating consumer car purchase transactions, enabling the Group's auto finance partners to provide car loans to consumers, providing value-added services such as car sales networking systems for automobile dealers, and providing advertising and membership services for automobile manufacturers, automobile dealers, auto finance partners and insurance companies; and (ii) Operating financing business, that is, mainly financing rent and operating rent for consumers Provide automobile financing solutions.
Competitive advantage
The Group is the center of the automobile retail trading ecosystem
The Group has an efficient IT infrastructure
The group has strong data analysis capabilities
Risk Factors
Most of the group's loan lease agreements are settled in a short period of time and have not yet gone through a full cycle. Therefore, the asset quality of self-operated loan business may deteriorate further as loan leases receivable gradually expire or product combinations evolve
Developing self-financing business requires a large amount of capital, and future funding restrictions and failure to obtain additional financing may have a significant adverse impact on business, operating results and financial conditions
The Group has no ownership control over the daily operations of the Yi Xin Brand Experience Store or other auto dealers in the auto dealer cooperative network
Use of proceeds
Approximately 30% is used to implement sales and marketing plans
Approximately 20% is used to enhance research and technical capabilities
About 20% is used to increase financial resources to support the continued growth of self-operated financing business
Approximately 20% is used to acquire or invest in assets and businesses that complement the business and meet growth strategies
Approximately 10% is used for general working capital
