YIXIN (02858) announced its interim results for the six months ended June 30, 2025, reporting revenue of RMB 5.452 billion, representing a 22% year-over-year increase. Gross profit reached RMB 2.886 billion, up 36% year-over-year, while net profit totaled RMB 549 million, increasing 34% compared to the same period last year. Adjusted net profit stood at RMB 648 million, marking a 28% year-over-year growth, with basic earnings per share of RMB 0.082.

YIXIN achieved steady growth in the first half of 2025. During the reporting period, the group facilitated approximately 364,000 auto financing transactions (including new and used vehicles), representing an increase of approximately 10.7% compared to the same period last year. Total financing volume reached approximately RMB 32.7 billion, up about 4.0% year-over-year. Used car financing continued to expand, with financing amounts reaching approximately RMB 18.2 billion, accounting for about 56% of total auto financing.

The group's financial technology (SaaS) business, as a strategic priority, continued rapid expansion in the first half of 2025. Financing facilitated through the FinTech platform exceeded RMB 15.3 billion, growing approximately 58.2% year-over-year. The platform further enhanced solution diversity and market penetration.

As of June 30, 2025, YIXIN's FinTech platform had established partnerships with over 60 financial institutions and continued to deepen cooperation with major state-owned banks, including Industrial and Commercial Bank of China. As a strategic focus, the financial technology business is driving the company's digital transformation across the entire auto finance value chain.

YIXIN's value-added services also continued to develop. In the first half of 2025, the Battery GAP product achieved rapid growth with approximately 31,000 transactions, up 44.5% year-over-year, effectively addressing concerns about battery health and residual value for new energy vehicle users.

As of June 30, 2025, the group's total managed auto finance assets reached approximately RMB 112.1 billion, consolidating its scale advantage in the competitive market. This growth was supported by resilient asset quality, with the 90+ day overdue rate remaining stable at approximately 1.86% as of the end of the reporting period.

In terms of financing, the group continued to adopt a multi-pronged approach to further reduce capital costs. The asset-backed securities (ABS) issued in June 2025 carried a senior tranche coupon rate of approximately 2.26%. YIXIN further utilized private placement notes (PPN), super short-term commercial paper (SCP), and other credit instruments to ensure seamless operation of its multi-channel financing ecosystem.

Notably, in June 2025, YIXIN successfully issued its first dual-tranche, revolving, sustainability-linked syndicated loan in China, arranged by Mizuho Bank. This milestone transaction was the largest of its kind in the past five years, demonstrating YIXIN's commitment to leadership in sustainable finance.

In the first half of 2025, YIXIN accelerated investments in cutting-edge artificial intelligence. The company strategically upgraded its proprietary vertical large model, incorporating Mixture of Experts (MoE) architecture and advanced inference acceleration to significantly reduce inference costs. YIXIN is prepared to launch its next-generation Agentic large model XinMM-AM1 within this year. Designed specifically for the complexities of auto finance, including long decision cycles, complex user interactions, and multi-dimensional risk factors, XinMM-AM1 will function as an intelligent assistant and provide end-to-end decision solutions, significantly enhancing operational efficiency and service quality while ultimately reshaping the industry ecosystem.