Core Insights - Xinyi Technology reported a 2025 semi-annual revenue of 7.06 billion yuan, an increase of 11.5% year-on-year, and a net profit attributable to shareholders of 1.49 billion yuan, up 38.4% year-on-year [1] - The company achieved a transaction volume of 54 billion yuan in Q2 2025, reflecting a year-on-year growth of 10.9% [1] Domestic Business - The domestic market shows resilience with stable risk indicators, supported by regulatory encouragement for consumer credit [2] - The number of borrowers in the domestic market reached 2.2 million, a year-on-year increase of 22.2%, with an average loan size of 10,056 yuan, up 1% year-on-year [2] - The company actively reduced low-quality asset gaps to maintain stable risk indicators, with a first-day overdue rate of 4.7% and a 30-day repayment rate of 89% [2] Overseas Business - Overseas revenue reached 797 million yuan in Q2 2025, a year-on-year increase of 42%, contributing approximately 22% to total revenue [3] - The company is expanding into new markets such as Pakistan, with the Philippines market accounting for 45% of overseas loan transaction volume [3] - The issuance of $150 million convertible bonds at a 2.5% coupon rate is expected to lower funding costs and enhance profit contributions from overseas operations [3]