Yixin Group (02858) announced interim results. Profit attributable to shareholders of 704 million yuan increased 28.23% year-on-year

According to the Zhitong Finance App, Yixin Group (02858) announced preliminary interim results for the six months ended June 30, 2026. The group obtained revenue of RMB 6.177 billion (same unit), an increase of 13.3% over the previous year; the profit attributable to the company's owners was 704 million yuan, an increase of 28.23% over the previous year; and the basic operating profit per share was 0.104 yuan.

According to the announcement, the increase in revenue was mainly due to the growth of the trading platform business.

During the reporting period, revenue generated by the trading platform business increased 15% year-on-year from $4.346 billion in the same period last year to $4.995 billion, mainly due to increased revenue from SaaS services and guarantee services. In the reporting period, the trading platform business accounted for 80% of total revenue, compared to 79% in the same period last year.

Revenue from SaaS services increased significantly, reaching $2,989 billion in the reporting period, supported by a transaction amount of $26.3 billion. This represents a 60% year-over-year increase in revenue and a 72% increase in transaction size. The significant increase in transactions contributed mainly to the Group's cooperation with an expanded network of financial institutions. During the reporting period, the service rate (calculated by dividing SaaS revenue by transaction amount) fell to 11.4% from 12.3% in the same period last year, mainly reflecting the industry's rectification of pricing and commission practices starting in mid-2025. As industry pricing continues to normalize, the Group's monetization rate declined due to a reduction in revenue share ratios with capital partners. Despite this, lower commission expenses largely offset the impact, enabling the Group to maintain stable unit economic efficiency and resilient profitability. Although the service rate was lower, it contributed to a 72% increase in transaction amount, which far offset the impact of the rate reduction and led to a 60% year-on-year increase in SaaS revenue during the reporting period.

In the first half of 2026, Yixin Group grasped the opportunities brought by the transformation of the industry and upheld a steady and positive business strategy. Despite facing adverse factors in the overall industry, it achieved both an increase in business scale and operational quality. During the reporting period, the Group facilitated a total of about 428,000 automobile financing transactions (covering new and used cars), an increase of about 17.7% year-on-year. The total amount of financing reached about 37 billion yuan, an increase of about 13.2% year-on-year. In particular, the used car financing business continued to expand, with a financing amount of about 19.9 billion yuan, accounting for about 53.8% of the total automobile financing amount - this fully confirms that the Group has successfully grasped the structured market opportunities and the effectiveness of its used car strategy.

As a strategic pillar, the Group's fintech business (SaaS) has maintained a rapid growth momentum. Financing facilitated through fintech platforms reached over $26.3 billion, an increase of about 72.2% year-on-year. 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 rate have further increased. The number of core customers continues to grow, while the average revenue per core customer remains stable, making the Group's SaaS platform a lasting core engine for the Group's overall growth.

In terms of technological innovation, the Group has deepened the end-to-end integration of artificial intelligence in various operations. With its proprietary agent-based artificial intelligence large model matrix and its application in telemarketing, application processing, risk management, customer service and asset management, the Group's operational efficiency and service quality have been significantly improved. The Group is also advancing its Agentic AI Harness engineering framework to stay close to the cutting edge of the industry. As of June 2026, Yi Xin's Auto Finance Agentic AI has independently driven 90% of the overall business process. The Group plans to continue investing in R&D to strengthen the Group's long-term technological moat.