Yixin Group reports strong first half 2025 growth driven by FinTech

Yixin Group Limited reported a 22.0% year-on-year increase in total revenue, reaching RMB5.5 billion for the first half of 2025. Net profit surged by 33.9% to RMB549 million compared to the same period last year. The Group facilitated approximately 364 thousand auto financing transactions, a 10.7% year-on-year increase, with the total financing amount growing 4.0% to RMB32.7 billion. Used vehicle financing expanded to RMB18.2 billion, representing about 56% of the total auto financing amount.

The FinTech (SaaS) business was a key driver, with facilitated financing exceeding RMB15.3 billion, an impressive 58.2% year-on-year growth. Average revenue per core customer for FinTech increased by 87% to RMB123 million. The Group’s total auto finance assets under management (AUM) reached RMB112.1 billion, maintaining a stable 90+ days past due ratio of approximately 1.86%.

Gross profit rose by 36% to RMB2,886 million. However, loan facilitation services revenue decreased by 24% to RMB1,421 million due to a strategic shift towards SaaS. Operating expenses generally increased, with administrative expenses up 36% and research and development expenses up 60%, reflecting investment in the FinTech team.