YIXIN (02858) has released its preliminary interim results for the six months ended June 30, 2026, reporting robust growth across key financial metrics.
The company generated revenue of RMB 6.177 billion, representing a 13.3% increase year-on-year. Profit attributable to owners of the company surged 28.23% to RMB 704 million, with basic operating earnings per share reaching RMB 0.104.
The revenue uptick was primarily driven by the expansion of its transaction platform business, which saw revenue climb 15% to RMB 4.995 billion from RMB 4.346 billion in the same period last year. This growth was underpinned by increased income from SaaS services and guarantee services. The transaction platform segment now accounts for 80% of total revenue, up slightly from 79% in the prior corresponding period.
SaaS service revenue recorded a notable 60% year-on-year increase, reaching RMB 2.989 billion, supported by a substantial 72% expansion in facilitated transaction volume to RMB 26.3 billion. This surge in facilitated transactions was largely attributable to the group's collaboration with an expanded network of financial institutions.
The service fee rate, calculated as SaaS revenue divided by facilitated transaction volume, declined to 11.4% from 12.3% in the prior year period, reflecting industry-wide adjustments to pricing and commission practices that began in mid-2025. As industry pricing continues to normalize, the group's monetization rate has decreased due to lower revenue-sharing ratios with funding partners. However, reduced commission expenses largely offset this impact, enabling the group to maintain stable unit economics and resilient profitability. Despite the lower fee rate, the 72% surge in facilitated transaction volume more than compensated for the rate reduction, driving the 60% year-on-year growth in SaaS revenue.
During the first half of 2026, YIXIN seized opportunities arising from industry transformation while maintaining a prudent yet proactive business strategy. Despite prevailing industry headwinds, the group achieved simultaneous improvements in both business scale and operational quality.
In the reporting period, the group facilitated approximately 428,000 auto financing transactions covering both new and used vehicles, representing a year-on-year growth of about 17.7%. Total financing volume reached approximately RMB 37 billion, up 13.2% year-on-year. Notably, the used vehicle financing business continued its expansion, with financing volume reaching approximately RMB 19.9 billion, accounting for roughly 53.8% of total auto financing volume—a testament to the group's success in capturing structural market opportunities and the effectiveness of its used vehicle strategy.
The fintech (SaaS) business, serving as a strategic pillar, maintained rapid growth momentum. Financing facilitated through the fintech platform exceeded RMB 26.3 billion, growing approximately 72.2% year-on-year. As of June 30, 2026, the group's fintech platform had established partnerships with approximately 80 financial institutions. The diversity of platform solutions and market penetration have further improved. Core client numbers continued to grow while average revenue per core client remained stable, positioning the SaaS platform as a sustained core engine for the group's overall growth.
On the technological innovation front, the group deepened its end-to-end integration of artificial intelligence across various operations. Leveraging its proprietary agentic AI large model matrix and its applications in telemarketing, application processing, risk management, customer service, and asset management, the group has significantly enhanced operational efficiency and service quality. The group has also advanced its Agentic AI Harness engineering framework to stay at the forefront of industry development. As of June 2026, YIXIN's auto finance Agentic AI autonomously drove 90% of overall business processes. The group plans to continue investing in research and development to consolidate its long-term technological moat.