Group 1 - The core viewpoint of the articles highlights that 易鑫集团 (E-Hi Group) reported a significant increase in revenue and adjusted net profit for the first half of 2025, driven primarily by its financial technology business [1][2] - The total revenue for the first half of 2025 reached 5.5 billion yuan, representing a year-on-year growth of 22%, while the adjusted net profit was 648 million yuan, up 28% year-on-year [1] - The financial technology segment contributed over 40% to the total financing amount, marking it as a key driver of the company's performance [1][2] Group 2 - The total transaction volume for automotive financing reached 364,000 transactions, reflecting an 11% year-on-year increase, with a financing amount of 32.7 billion yuan, which is a 4% increase [1] - The second-hand car financing transactions amounted to 222,000, showing a remarkable growth of 45%, with corresponding financing of 18.2 billion yuan, up 31% [1] - The financial technology business saw a revenue increase of 124.5% to 1.9 billion yuan, with financing facilitated through the platform reaching 15.3 billion yuan, a growth of 58.2% [2]

Financial Data and Key Metrics Changes - Operating income reached JPY 5,450,000,000, a year-on-year increase of 22% [28][30] - Net profit for the first half of the year was JPY 550,000,000, reflecting a year-on-year increase of 34% [29][34] - Asset management grew to RMB 112.1 billion, a 12% increase compared to the same period last year [29] Business Line Data and Key Metrics Changes - Automobile financing transactions reached JPY 32,700,000,000, a year-on-year increase of 4% [12] - Used car financing grew by 31% year-on-year, with transaction volume reaching 222,000 units [15] - FinTech business achieved a financing scale of CNY 1,530,000,000, a year-on-year increase of 58% [17] Market Data and Key Metrics Changes - New passenger car sales in China reached 13,530,000 units, a year-on-year increase of 13% [6] - The transaction volume of used passenger cars was 7,570,000 units, a year-on-year increase of 0.5% [6] - New energy passenger cars saw a year-on-year growth of about 33.3% [7] Company Strategy and Development Direction - The company aims to focus on core capacity building and leverage technological advantages to consolidate its leading position in auto finance [11] - Yixin plans to enhance its FinTech capabilities to empower traditional finance and improve customer experience [12] - The company is transitioning to a more lightweight business model to better fulfill its value proposition [46][49] Management Comments on Operating Environment and Future Outlook - Management noted that the industry is expected to return to rational competition due to increased regulatory policies [8] - The company anticipates that its strategic focus on technology and innovation will drive sustainable growth [11] - Management expressed confidence in achieving better performance in the second half of the year compared to the first half [70] Other Important Information - The company has established partnerships with over 100 financial institutions and is focusing on expanding its overseas business, particularly in Southeast Asia [35][40] - The penetration rate of new energy vehicles in new cars is about 54%, indicating strong market demand [18] Q&A Session Summary Question: What is the core reason behind the successful transformation and future plans? - Management emphasized the shift to a lightweight business model and the importance of AI capabilities in enhancing operational efficiency and market competitiveness [46][49] Question: How does the company view its growth in the used car market? - Management confirmed that the company is increasing its market share and highlighted the potential for further growth in the underserved used car market [56][59] Question: Can you elaborate on the impact of anti-evolution policies on the market? - Management stated that these policies promote healthier competition and stability among partners, which is beneficial for the company's long-term growth [66][68] Question: What are the achievements in overseas expansion? - Management reported significant growth in Singapore, with plans to replicate successful models in other Southeast Asian markets [39][40]

Financial Data and Key Metrics Changes - Operating income reached JPY 5,450,000,000, a year-on-year increase of 22% [31] - Net profit for the first half of the year was JPY 550,000,000, reflecting a year-on-year increase of 34% [32] - Asset management grew to RMB 112.1 billion, a 12% increase compared to the same period last year [32] Business Line Data and Key Metrics Changes - Automobile financing transactions reached JPY 32,700,000,000, a year-on-year increase of 4% [14] - Used car financing grew by 31% year-on-year, with transaction volume at 222,000 units [17] - FinTech business achieved explosive growth, reaching CNY 1,530,000,000, a year-on-year increase of 58% [19] Market Data and Key Metrics Changes - New passenger car sales in China reached 13,530,000 units, a year-on-year increase of 13% [7] - The transaction volume of used passenger cars was 7,570,000 units, a year-on-year increase of 0.5% [7] - New energy passenger cars saw a year-on-year growth of about 33.3% [8] Company Strategy and Development Direction - The company aims to focus on core capacity building and leverage technological advantages to consolidate its leading position in auto finance [12] - Yixin plans to enhance its AI capabilities and integrate them into its business model to improve efficiency and customer experience [31] - The company is exploring overseas markets, particularly in Southeast Asia, to replicate its successful business model [43] Management's Comments on Operating Environment and Future Outlook - Management noted that the industry is moving towards rational competition, emphasizing technological innovation and improved product quality [9] - The company expects to continue its solid performance in the second half of the year, building on the strong results from the first half [74] - Management highlighted the importance of AI capabilities in driving future growth and enhancing service offerings [55] Other Important Information - The company has established partnerships with over 100 financial institutions and is focusing on expanding its overseas business [38] - The penetration rate of new energy vehicles in financing reached about 52% of the total [18] - The company has applied for 18 new AI invention patents in the first half of the year [47] Q&A Session Summary Question: What is the core reason behind the successful transformation and future plans? - Management emphasized the shift to a lightweight business model to enhance value and quality, leveraging strong partnerships with financial institutions [49][50][52] Question: How does the company view its growth in the used car market? - Management confirmed that the company is increasing its market share and noted that the used car market remains relatively underserved, presenting opportunities for growth [60][62] Question: Can you elaborate on the anti-evolution policies and their impact? - Management stated that the company supports sustainable development and healthy competition, which is expected to stabilize partnerships and improve predictability in performance [70][72] Question: What are the achievements in overseas expansion? - Management reported significant success in Singapore, with plans to replicate this model in other Southeast Asian markets, focusing on new energy vehicles and technology solutions [42][43][80]

金融科技业务的高增，验证了易鑫以"科技驱动运营，创新赋能产业"理念的成功。作为AI驱动的金融科 技平台，未来易鑫还将加快人工智能大模型的迭代升级和应用层面的技术创新，持续深化科技与业务的 融合，构建强大的"智能护城河"，推动行业迈向全自动智能时代。 从业务模式来看，易鑫通过"纯技术"和"流量+科技"两种模式持续推进金融科技业务发展。"纯技术"模 式提供技术解决方案，报告期内促成融资金额达5亿元，同比增加27%；"流量+科技"模式则凭借渠道及 数据优势，提供从客户获取到资产运营的端到端支持，促成融资金额达148亿元，同比增长59.5%。 在合作网络布局上，易鑫金融科技业务的多样性和市场渗透力持续提升。截至2025年6月30日，其金融 科技平台已与逾60家机构建立了合作关系，覆盖银行、融资租赁公司、主机厂等多元主体，并在报告期 内新增6个合作项目，服务的广度与深度得到进一步拓展。 8月19日，易鑫集团(02858，以下简称"易鑫")发布2025年中期财报，作为核心战略重点的金融科技(SaaS 服务)今年上半年延续高速增长态势，成为公司业绩的主要驱动力。数据显示，易鑫金融科技业务报告 期内实现收入约19亿元(人民币 ...

从业务模式来看，易鑫通过"纯技术"和"流量+科技"两种模式持续推进金融科技业务发展。"纯技术"模 式提供技术解决方案，报告期内促成融资金额达5亿元，同比增加27%；"流量+科技"模式则凭借渠道及 数据优势，提供从客户获取到资产运营的端到端支持，促成融资金额达148亿元，同比增长59.5%。 在合作网络布局上，易鑫金融科技业务的多样性和市场渗透力持续提升。截至2025年6月30日，其金融 科技平台已与逾60家机构建立了合作关系，覆盖银行、融资租赁公司、主机厂等多元主体，并在报告期 内新增6个合作项目，服务的广度与深度得到进一步拓展。 智通财经APP获悉，8月19日，易鑫集团(02858，以下简称"易鑫")发布2025年中期财报，作为核心战略 重点的金融科技(SaaS服务)今年上半年延续高速增长态势，成为公司业绩的主要驱动力。数据显示，易 鑫金融科技业务报告期内实现收入约19亿元(人民币，下同)，同比大增124.5%；通过金科平台促成的融 资总额达153亿元，同比增长58.2%；其对融资总额的贡献占比首次突破40%大关，达到46.7%， 金融科技业务的高增，验证了易鑫以"科技驱动运营，创新赋能产业"理念的成功。作 ...

Core Insights - Yixin Group demonstrated robust growth in the first half of 2025, with total revenue, net profit, and financing transaction volume all showing double-digit year-on-year increases, despite a challenging macroeconomic environment [1] - The company's financial technology business has become a significant driver of performance, contributing over 40% to total financing [1][8] Financial Performance - Yixin achieved total revenue of 5.5 billion RMB, a year-on-year increase of 22%, and net profit of 549 million RMB, up 34% [6] - Adjusted net profit reached 648 million RMB, reflecting a 28% increase, marking a record high for the first half of the year [6] Financing Transactions - The financing transaction volume reached 364,000, representing an 11% year-on-year growth, with a total financing amount of 32.7 billion RMB, up approximately 4% [3][6] - The second-hand car financing segment performed particularly well, with transaction volume increasing by 45% to 222,000 transactions and financing amount rising by 31% to 18.2 billion RMB, accounting for 61% of total financing transactions [3][4] Strategic Initiatives - Yixin adopted a differentiated competitive strategy, focusing on partnerships with core mainstream brands and quality channels to ensure profitability in the new car business while expanding second-hand car financing services [3] - The company is also enhancing value-added services to meet the full lifecycle needs of vehicle users, which has led to a 44.5% increase in battery GAP product transactions [4] Financial Technology Growth - The financial technology segment saw a remarkable revenue increase of 124.5% to 1.9 billion RMB, with financing facilitated through the platform reaching 15.3 billion RMB, a 58.2% increase [8] - The contribution of financial technology to total financing rose to 46.7%, solidifying its role as a core growth engine for the company [8] Market Outlook - Yixin's performance is bolstered by technological innovations, particularly in artificial intelligence, which has been integrated into key business areas such as marketing and risk control [8][9] - The company plans to launch a next-generation AI model designed for automotive finance scenarios, aiming to address industry challenges and reshape the ecosystem [9]

来源：市场资讯 8月19日，易鑫集团（02858.HK，以下简称"易鑫"）发布2025年中期财报，作为核心战略重点的金融科 技（SaaS服务）今年上半年延续高速增长态势，成为公司业绩的主要驱动力。数据显示，易鑫金融科技 业务报告期内实现收入约19亿元（人民币，下同），同比大增124.5%；通过金科平台促成的融资总额 达153亿元，同比增长58.2%；其对融资总额的贡献占比首次突破40%大关，达到46.7%， 从业务模式来看，易鑫通过"纯技术"和"流量+科技"两种模式持续推进金融科技业务发展。"纯技术"模 式提供技术解决方案，报告期内促成融资金额达5亿元，同比增加27%；"流量+科技"模式则凭借渠道及 数据优势，提供从客户获取到资产运营的端到端支持，促成融资金额达148亿元，同比增长59.5%。 在合作网络布局上，易鑫金融科技业务的多样性和市场渗透力持续提升。截至2025年6月30日，其金融 科技平台已与逾60家机构建立了合作关系，覆盖银行、融资租赁公司、主机厂等多元主体，并在报告期 内新增6个合作项目，服务的广度与深度得到进一步拓展。 金融科技业务的高增，验证了易鑫以"科技驱动运营，创新赋能产业"理念的成功。 ...

易鑫集团(02858.HK)发布截至2025年6月30日止6个月中期业绩，该集团取得收入人民币54.52亿元(单位 下同)，同比增加22%;毛利28.86亿元，同比增加36%;净利润5.49亿元，同比增加34%;经调整净利润6.48 亿元，同比增加28%;基本每股经营利润0.082元。 本文源自：金融界AI电报 ...

Financial Performance - The company reported a revenue of RMB 54.52 billion for the six months ending June 30, 2025, representing a year-on-year increase of 22% [1] - Gross profit reached RMB 28.86 billion, up 36% compared to the previous year [1] - Net profit was RMB 5.49 billion, reflecting a 34% increase year-on-year [1] - Adjusted net profit stood at RMB 6.48 billion, marking a 28% increase [1] - The basic earnings per share were RMB 0.082 [1] Automotive Financing - The company facilitated approximately 364,000 automotive financing transactions during the reporting period, a growth of about 10.7% year-on-year [1] - The total financing amount reached approximately RMB 32.7 billion, an increase of 4.0% compared to the previous year [1] - The financing scale for used cars expanded significantly, with financing amounting to approximately RMB 18.2 billion, accounting for about 56% of total automotive financing [1] Financial Technology Business - The financial technology (SaaS) segment continued to expand rapidly, with financing facilitated through the platform exceeding RMB 15.3 billion, a year-on-year growth of approximately 58.2% [2] - The platform has established partnerships with over 60 financial institutions and deepened cooperation with major state-owned banks [2] - The company’s value-added services, particularly the battery GAP product, saw a transaction volume of approximately 31,000, reflecting a 44.5% year-on-year increase [2] Asset Management and Quality - The total value of automotive financial assets managed by the company surged to approximately RMB 112.1 billion, reinforcing its scale advantage in a competitive market [2] - The 90-day overdue rate remained stable at around 1.86%, indicating resilient asset quality [2] Financing Strategies - The company adopted a multi-faceted approach to further reduce capital costs, with the priority rate for asset-backed securities issued in 2025 being approximately 2.26% [3] - The company successfully issued its first dual-tranche, revolving credit, sustainability-linked syndicated loan in China, marking the largest transaction of its kind in the past five years [3] Investment in AI - The company accelerated investments in cutting-edge artificial intelligence, strategically upgrading its proprietary vertical large model [3] - The upcoming XinMM-AM1 model is designed to enhance operational efficiency and service quality in automotive finance, addressing complex decision-making and risk factors [3]

Core Viewpoint - 易鑫集团 reported a strong financial performance for the first half of 2025, with significant growth in revenue and net profit, driven by increased financing transactions and the expansion of its fintech business [1][2][4] Financial Performance - The total revenue for the six months ending June 30, 2025, was approximately RMB 5.5 billion, representing a year-on-year increase of about 22.0% [1] - The net profit for the same period was approximately RMB 549 million, up approximately 33.9% compared to the previous year [1] - Gross profit reached RMB 2.886 billion, an increase of RMB 757 million from RMB 2.129 billion in the same period last year, with gross margins of 53% and 48% for the reporting period and the first half of 2024, respectively [1] Financing Transactions - The company facilitated approximately 364,000 automotive financing transactions, a year-on-year increase of about 10.7% [2] - The total financing amount reached approximately RMB 32.7 billion, reflecting a growth of about 4.0% compared to the previous year [2] - The financing scale for used cars continued to expand, with financing amounting to approximately RMB 18.2 billion, accounting for about 56% of the total automotive financing [2] Fintech Business Expansion - The fintech business (SaaS) continued to grow rapidly, with financing facilitated through the fintech platform exceeding RMB 15.3 billion, a year-on-year increase of approximately 58.2% [2] - The fintech platform has established partnerships with over 60 financial institutions and is deepening collaborations with major state-owned banks [2] - The company is focusing on digital transformation across the entire automotive finance value chain [2] Value-Added Services - The value-added services are also developing, with the battery GAP product achieving rapid growth, with transaction volume reaching approximately 31,000, a year-on-year increase of 44.5% [2] Investment in AI - The company accelerated investments in cutting-edge artificial intelligence, strategically upgrading its proprietary vertical large model [3] - The upcoming XinMM-AM1 model is designed to address the complexities of automotive finance, enhancing operational efficiency and service quality [3]