易鑫集团(02858)2025三季报：汽车融资交易量同比增22.6%，增速领跑行业

Core Viewpoint - E-Chain Group (02858) reported strong growth in its core business for Q3 2025, with a significant increase in auto financing transaction volume and value, driven by the robust performance of its used car and fintech segments [1][2]. Group 1: Business Performance - In Q3 2025, E-Chain achieved an auto financing transaction volume of 235,000, representing a year-on-year growth of 22.6%, surpassing the overall industry growth rate [2]. - The total financing amount reached approximately 21.2 billion RMB, with used car financing becoming a key growth driver, increasing by about 51.3% to around 12.1 billion RMB, accounting for approximately 56.9% of total auto financing [2][3]. - The company successfully capitalized on the growth opportunities in the used new energy vehicle market, with used new energy vehicle financing amounting to 1.5 billion RMB, representing 22.5% of the total new energy vehicle financing [2]. Group 2: Operational Strategies - E-Chain's refined operational strategy in the used car sector has led to effective cost control through an iterative risk pricing system, ensuring healthy business growth and reasonable returns [3]. - The company has also focused on value-added services in the automotive aftermarket, with battery GAP products seeing a transaction volume of 22,400, reflecting a year-on-year growth of approximately 48.8% [3]. Group 3: Fintech Growth - E-Chain's fintech (SaaS) business experienced substantial growth in Q3 2025, facilitating financing of approximately 11.4 billion RMB, a year-on-year increase of about 102%, contributing 53.7% to the total financing amount [4]. - The expansion of the cooperation ecosystem has strengthened the fintech business, with two new financial institution partnerships established during the quarter, enhancing the platform's service boundaries and industry influence [4]. Group 4: AI Strategy - The company is advancing its artificial intelligence strategy, deploying a new product "X Call" designed to enhance efficiency in the pre-financing stage, improving online marketing, document processing, and customer management [5]. - The integration of AI technology with core business operations is expected to strengthen E-Chain's competitive advantage in the automotive finance sector, enabling sustainable business growth [5].