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]
易鑫集团(02858)发布中期业绩，经调整净利润6.48亿元 同比增加28%