Yixin Group Co., Ltd. announced unaudited consolidated results for the six months ended June 30, 2024. During this period, the Group's revenue reached RMB 4.5 billion, a year-on-year increase of 57%. Net profit was RMB 0.41 billion, an increase of 54% compared to the same period last year. Yixin Group realized a cumulative financing transaction of 0.329 million, an increase of 5.3% from the same period last year. The financing amount was RMB 31.5 billion, an increase of 3.5% from the same period last year. New energy automobile financing business continued to grow rapidly, with financing amount reaching RMB 7.1 billion, a year-on-year increase of 63.1%. The revenue of financial technology business was RMB 0.835 billion, a year-on-year increase of 867.3%. The scale of asset management of...Show More

Yixin Group Co., Ltd. announced unaudited consolidated results for the six months ended June 30, 2024. During this period, the Group's revenue reached RMB 4.5 billion, a year-on-year increase of 57%. Net profit was RMB 0.41 billion, an increase of 54% compared to the same period last year. Yixin Group realized a cumulative financing transaction of 0.329 million, an increase of 5.3% from the same period last year. The financing amount was RMB 31.5 billion, an increase of 3.5% from the same period last year. New energy automobile financing business continued to grow rapidly, with financing amount reaching RMB 7.1 billion, a year-on-year increase of 63.1%. The revenue of financial technology business was RMB 0.835 billion, a year-on-year increase of 867.3%. The scale of asset management of the group steadily expanded, managing automobile finance assets reaching RMB 99.6 billion. Yixin successfully consolidated its leading market position, with good asset quality and resilience, with a delinquency rate of 1.86% for over 90 days. In terms of financing, this group continuously reduces financing costs, and the face value interest rate of the asset-backed commercial paper issued in June 2024 reached a historical low of 2.97%.