YIXIN Group Limited released its 2026 interim results, reporting solid double-digit growth across revenue, profit and core operating metrics despite industry headwinds in China’s auto market.
Revenue climbed 13.3% year-on-year to RMB6.18 billion, driven by a 59.5% surge in SaaS income to RMB2.99 billion and steady expansion of self-operated financing services. Net profit rose 28.2% to RMB703.63 million, while adjusted net profit increased 31.2% to RMB850.67 million. Gross profit margin broadened to 65%, up from 53% a year earlier, reflecting reduced commission payouts and lower funding costs.
The company facilitated 428 thousand auto-financing transactions during the half, up 17.7%, with total financing volume advancing 13.2% to RMB37.01 billion. Used-car financing accounted for 53.8% of the total at RMB19.92 billion, underlining management’s strategic focus on this segment. New-energy vehicle (NEV) financings reached 142 thousand units, a 52.0% increase, generating RMB13.80 billion in volume.
YIXIN’s FinTech platform accelerated, enabling RMB26.30 billion of financing during the period, up 72.2% year-on-year. Core clients on the platform expanded to 24 from 15, with SaaS services now contributing 48% of total revenue. Average revenue per core customer was RMB121.80 million, broadly stable versus the prior year.
Self-operated financing revenue rose 6.2% to RMB1.15 billion on a quarterly average finance-receivable balance of RMB32.6 billion. The segment’s adjusted average yield stood at 9.4%, while the average funding cost declined to 3.4%, lifting net interest spread to 6.0%.
Asset quality remained resilient: the 90-plus-day past-due ratio was 1.92%, and the 180-plus-day past-due ratio narrowed to 1.12%. Provision coverage on finance receivables was 3.58%. Credit impairment charges increased 61% to RMB1.68 billion, reflecting portfolio growth, higher used-car exposure and a proactive uplift in coverage.
Operating cash flow reached RMB501.65 million, and cash and cash equivalents totaled RMB4.68 billion at period-end. The company held RMB31.30 billion of net finance receivables and RMB32.37 billion of borrowings; gearing remained stable at 59%.
During the half YIXIN repurchased 3.32 million shares for approximately HKD4.03 million. Subsequent to 30 June, an additional 5.87 million shares were repurchased through 17 July. The Board did not declare an interim dividend.
Looking abroad, overseas financing volume reached US$150 million, with Singapore and Malaysia operations gaining share and preparations for entry into Thailand underway.
Chairman and CEO Andy Xuan Zhang said YIXIN “adhered to a prudent yet proactive strategy,” leveraging AI-driven risk controls and strong funding access to outperform a contracting domestic auto market.