Yixin Group (02858) unveiled its preliminary interim results for 2026 on August 19. During the first half of the year, despite significant pressure across the broader automotive industry, the company leveraged its prudent operational strategy and technology-driven advantages to demonstrate robust counter-cyclical resilience, achieving simultaneous improvements in both business scale and operational quality.
During the period, Yixin's auto financing transaction volume reached 428,000 deals, up 17.7% year-on-year, while the total financing amount hit RMB 37 billion, marking a 13.2% increase. Core metrics including total revenue and adjusted net profit all recorded double-digit growth. Notably, the fintech segment, serving as the key business engine, facilitated financing of RMB 26.3 billion, a surge of 72.2% year-on-year.
Business Scale Grows Against the Tide with Simultaneous Gains in Revenue and Profit
The domestic automotive sector remains in a phase of deep adjustment. According to statistics from the China Association of Automobile Manufacturers and the China Automobile Dealers Association, total sales of passenger vehicles, including both new and used cars, fell by 4.4% year-on-year in the first half. Concurrently, with stricter regulatory oversight and heightened compliance demands, the "Matthew Effect" in the auto finance industry has become more pronounced, with market share increasingly consolidating among platform companies that excel in capital, distribution channels, technology, and risk control.
Against this backdrop, Yixin adhered to a path of steady development, continuously reinforcing its core business capabilities, and achieved counter-trend growth in its operational performance. Data shows the company completed 428,000 auto financing transactions in the first half, up 17.7% year-on-year, with the financing transaction value rising 13.2% to RMB 37 billion. Among these, used car financing transactions climbed 23% year-on-year to 273,000 deals, with the corresponding financing amount reaching RMB 19.9 billion, an increase of 9.3%. The share of used cars in total auto financing rose to approximately 54%, further optimizing the business structure.
This achievement is attributed to Yixin's continued implementation of a differentiated competitive strategy. In the used car segment, the company has deepened its distribution network, expanded coverage of long-tail customers, streamlined service processes, and implemented precise risk-based pricing, thereby consistently improving customer conversion rates while maintaining controlled risk. Yixin stated that although the used car market remained roughly flat year-on-year in the first half, the company holds a positive outlook on the segment's long-term growth potential.
The growth and structural optimization of its core business directly drove simultaneous increases in revenue and profitability. According to the report, Yixin generated total revenue of approximately RMB 6.2 billion in the first half, up 13.3% year-on-year. Net profit reached approximately RMB 704 million, a 28.2% increase from the same period last year, while adjusted net profit grew 31.2% to around RMB 850 million.
Fintech Continues Rapid Expansion with Notable AI-Driven Gains
As a strategic pillar, the fintech (SaaS) business sustained its rapid growth trajectory in the first half, emerging as the core growth driver for overall performance. During the period, revenue from this segment grew 59.5% year-on-year to nearly RMB 3 billion, while financing facilitated through the fintech platform reached RMB 26.3 billion, up 72.2%. As of the end of June, Yixin's fintech platform had established partnerships with approximately 80 financial institutions, further enhancing the diversity of platform solutions and market penetration.
Yixin noted in the report that as the industry shifts from a "scale-driven" model toward one that balances efficiency with compliance, the value of fintech solutions in improving transaction efficiency and optimizing risk management has become more pronounced. The robust growth of the fintech business is underpinned by Yixin's continuous reinforcement of technological innovation. In the first half, the company deepened the end-to-end integration of AI across its entire operational chain. Leveraging its proprietary Agentic large model matrix and Agentic AI Harness engineering framework, its intelligent agent capabilities now cover core functions including telemarketing, application processing, risk management, customer service, and asset management, significantly boosting operational efficiency and service quality.
During the period, 90% of Yixin's business processes were autonomously driven by automotive finance Agentic AI, resulting in a 45.4% improvement in operational efficiency. Furthermore, Yixin made tangible progress in overseas markets. In the first half of 2026, the company prioritized Southeast Asia as its strategic focus for international expansion. International business financing reached approximately USD 150 million during the period, positioning Yixin among the leading non-bank automotive financial service providers in Singapore and Malaysia. The company plans to gradually expand into new markets such as Thailand in the second half, with expectations of a further increase in overseas revenue contribution.
Looking ahead, Yixin stated it will continue to uphold a proactive yet prudent operational philosophy, deepen its AI practices, and leverage its strengths in technology, risk control, and distribution channels to steadily expand market share while safeguarding asset quality, aiming to deliver a strong full-year performance.