Financial Performance - The company reported a revenue of RMB 5.452 billion for the six months ending June 30, 2025, representing a year-on-year increase of 22% [1] - Gross profit reached RMB 2.886 billion, up 36% year-on-year, while net profit was RMB 549 million, reflecting a 34% increase [1] - Adjusted net profit stood at RMB 648 million, a 28% increase compared to the previous year [1] - The basic earnings per share for operating profit was RMB 0.082 [1] Automotive Financing Transactions - The company facilitated approximately 364,000 automotive financing transactions, including both new and used cars, which is a 10.7% increase from the same period last year [1] - The total financing amount reached approximately RMB 32.7 billion, marking a 4.0% year-on-year growth [1] - The financing scale for used cars expanded significantly, with financing amounting to approximately RMB 18.2 billion, accounting for about 56% of the 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 increase of 58.2% [1] - The platform has established partnerships with over 60 financial institutions and deepened collaborations with major state-owned banks, such as the Industrial and Commercial Bank of China [1] Value-Added Services - The company's value-added services are also developing, with battery GAP products achieving rapid growth, reaching approximately 31,000 transactions, a 44.5% increase year-on-year [2] - The total value of automotive financial assets managed by the company surged to approximately RMB 112.1 billion, supported by resilient asset quality, with a 90-day overdue rate stable at around 1.86% [2] Financing Strategies - The company is employing a multi-faceted approach to further reduce capital costs, with the priority rate for asset-backed securities (ABS) issued in 2025 being approximately 2.26% [2] - 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 [2] Investment in Artificial Intelligence - The company accelerated investments in cutting-edge artificial intelligence, strategically upgrading its proprietary vertical large model [3] - The next-generation Agentic large model, XinMM-AM1, is set to be launched within the year, designed specifically for the complexities of automotive finance [3] - XinMM-AM1 aims to enhance operational efficiency and service quality by providing end-to-end decision-making solutions [3]
易鑫集团发布中期业绩，经调整净利润6.48亿元 同比增加28%