YIXIN (02858) announced its interim results, with a profit attributable to shareholders of 704 million yuan, an increase of 28.23% year-on-year.

YIXIN (02858) announced its preliminary interim results for the six months ended June 30, 2026, reporting revenue of RMB 6.177 billion, an increase of 13.3% year-on-year; profit attributable to the company's shareholders reached RMB 704 million, a year-on-year increase of 28.23%; basic operating profit per share was RMB 0.104. The announcement stated that the increase in revenue was primarily due to the growth of the trading platform business. During the reporting period, revenue from the trading platform business rose from RMB 4.346 billion for the same period last year to RMB 4.995 billion, reflecting a year-on-year increase of 15%, mainly due to higher income from SaaS services and guarantee services. During the reporting period, trading platform business accounted for 80% of total revenue, compared to 79% in the same period last year. Income from SaaS services saw a significant increase, reaching RMB 2.989 billion during the reporting period, supported by a transaction amount of RMB 26.3 billion. This represents a year-on-year revenue growth of 60% and a 72% expansion in transaction scale. The substantial growth in facilitated transactions is mainly attributed to the Group's collaboration with an expanded network of financial institutions. During the reporting period, the service fee rate (calculated as SaaS revenue divided by the facilitated transaction amount) decreased from 12.3% in the same period last year to 11.4%, primarily reflecting the industry's rectification of pricing and commission practices since mid-2025. As industry pricing normalizes, the Group's monetization rate has declined due to a reduction in the profit-sharing ratio with funding partners. Nevertheless, the lower commission expenses largely offset this impact, allowing the Group to maintain stable unit economics and resilient profitability. Despite the lower service fee rate, the 72% growth in facilitated transaction amounts has far outweighed the effect of the fee rate reduction, driving a 60% year-on-year increase in SaaS revenue during the reporting period. In the first half of 2026, YIXIN seized the opportunities brought about by the industry's transformation, adhering to a prudent yet proactive business strategy, and achieved dual improvements in business scale and operational quality despite facing adverse factors in the overall industry. During the reporting period, the Group facilitated approximately 428,000 auto financing transactions (covering both new and used cars), representing a year-on-year growth of about 17.7%. The total financing amount reached approximately RMB 37 billion, an annual increase of about 13.2%. Notably, the used car financing business continued to expand, reaching a financing amount of approximately RMB 19.9 billion, accounting for about 53.8% of the total auto financing amountclearly demonstrating the Group's successful capture of structural market opportunities and the effectiveness of its used car strategy. The Group's fintech business (SaaS) remains a strategic pillar, maintaining a rapid growth momentum. Financing facilitated through the fintech platform exceeded RMB 26.3 billion, representing a year-on-year growth of approximately 72.2%. As of June 30, 2026, the Group's fintech platform has established partnerships with around 80 financial institutions. The diversity of the platform's solutions and market penetration have further improved. The number of core clients continues to grow, and the average revenue per core client remains stable, making the Group's SaaS platform a lasting core engine for overall growth. In terms of technological innovation, the Group has deepened the end-to-end integration of artificial intelligence into its operations. With its proprietary agency-style AI large model matrix and applications in telemarketing, application processing, risk management, customer service, and asset management, the Group's operational efficiency and service quality have been significantly enhanced. The Group has also advanced its Agentic AI Harness engineering framework to stay at the forefront of the industry. As of June 2026, YIXIN's auto finance Agentic AI autonomously drove 90% of overall business processes. The Group plans to continue its R&D investments to strengthen its long-term technological moat.