Core Viewpoint - 易鑫集团's performance in H1 2025 shows significant growth in revenue and net profit, driven by its financial technology services and the increasing share of used car financing in its business model [1][2] Financial Performance - In H1 2025, 易鑫集团 achieved total revenue of 5.452 billion and net profit attributable to shareholders of 549 million, representing year-on-year increases of 22% and 33.93% respectively [1] - The company's total automotive financing reached 32.7 billion, up 4% year-on-year, with financing facilitated by financial technology amounting to 15.3 billion, a 58.2% increase, accounting for 46.7% of total financing [1] Revenue Structure - The revenue structure indicates that the trading platform and self-operated financing contributed 80% and 20% to the total revenue respectively [1] - Financial technology service revenue surged by 124% to 1.87 billion, increasing its share of total revenue by 16 percentage points to 39% [1] Service Fee and Transaction Growth - The number of automotive financing transactions reached approximately 364,000, an 11% increase year-on-year, with used car financing transactions rising by 45% to 222,000, now representing 61% of total transactions [2] - The financing scale for used cars grew by 31% to 18.2 billion, making up 55.7% of the total financing [2] - The net service fee rate for the trading platform increased by 1.1 percentage points to 4.8%, while the self-operated net interest margin rose by 0.9 percentage points to 5.8% [2] Credit Quality - The 90+ overdue rate remained stable at 1.86%, showing no significant change year-on-year or quarter-on-quarter [2] - The credit impairment loss increased by 59% year-on-year to 1.043 billion, while the provision coverage ratio improved by 11 percentage points to 207% [2] Industry Outlook - The automotive finance industry is expected to continue optimizing due to regulatory policies against high-interest rates, positioning 易鑫集团 favorably to enhance its market share and revenue through its advanced financial technology capabilities [2]

Core Viewpoint - The strategic cooperation signed by Beijing Xinlifang Technology Development Co., Ltd. marks a significant milestone towards "technology services + industrial empowerment," aiming to promote resource factor "two-way openness" and multi-directional integration of industrial technology, thereby assisting regional industrial upgrades and efficient transformation of scientific and technological achievements [1][4]. Group 1: Strategic Cooperation - The signing ceremony involved Beijing Xinlifang Technology and eight strategic partners, focusing on high-end scientific instruments and testing in advanced fields [1][5]. - The cooperation aims to create an innovative joint entity involving government, industry, academia, research, and application, providing exemplary solutions for industry transformation and upgrading [3][4]. Group 2: Regional Focus and Industry Support - The collaboration will emphasize capacity building in regions such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Chengdu-Chongqing area, promoting standardization and deep integration of local instruments and testing industry chains [7]. - The partnership aims to support strategic emerging industries like biomedicine, new materials, semiconductors, and artificial intelligence, contributing to new economic growth momentum [7]. Group 3: Company Background - Beijing Xinlifang Technology Development Co., Ltd. was established in 2005 and is recognized as a national high-tech enterprise, focusing on driving the healthy and rapid development of the scientific instrument and testing industry through "Internet + technology services" [8]. - The company provides professional SaaS and information services to thousands of scientific instrument enterprises and testing institutions, enhancing product quality and technological progress in China [8].