HK Stock Market Move | YIXIN (02858) rose more than 4% against the market in the third quarter, with automobile financing transaction volume increasing by 22.6% year on year.

YIXIN (02858) rose more than 4% against the market, up 3.31% as of press time, to 2.5 Hong Kong dollars, with a turnover of 50.422 million Hong Kong dollars. On the news front, YIXIN announced that it achieved rapid growth in the third quarter. The number of the group's car transactions increased to about 235,000, a year-on-year increase of 22.6%, surpassing the industry average. Among them, the financing amount for used cars was 12.1 billion yuan, an increase of 51.3%, accounting for 56.9% of the total car financing amount. The financing transaction amount reached 21.2 billion yuan. During the period, the two major business segments of used cars and financial technology performed exceptionally well, becoming the dual engines driving the performance up.