Yixin (02858.HK) shines in the first quarter with its financial technology business, resulting in a 56.5% increase in financing amount to approximately 6.1 billion yuan.

According to the Financial Intelligence App, on May 13th, the AI-driven financial technology platform Yixin Group (02858, hereinafter referred to as "Yixin") released some business updates and unaudited operating data for the first quarter of this year. Looking at the performance of the first quarter, the company continues to maintain its upward trend, with a total of 172,000 car financing transactions (including new and used cars) and corresponding financing amount of 15.3 billion yuan (RMB) during the period. During the period, the performance of used car financing and financial technology (SaaS) business was impressive, with a year-on-year increase of approximately 31.9% in the number of used car financing transactions to approximately 104,000, and a financing amount of approximately 6.1 billion yuan facilitated by the financial technology platform, achieving a strong year-on-year increase of 56.5%.