YIXIN (02858) announced preliminary annual results for the year ended December 31, 2025. The company recorded revenue of RMB 115.6 billion, an increase of 16.91% year-on-year. Net profit reached RMB 11.99 billion, up 47.98% compared to the previous year. Gross profit was RMB 64.61 billion, reflecting a 39.37% increase. The board proposed a final dividend of HK 10.0 cents per share and a special dividend of HK 4.0 cents per share.
Revenue growth was primarily driven by the expansion of YIXIN's transaction platform business and its proprietary financing operations. Specifically, growth in the transaction platform business benefited from the continued expansion of SaaS services and was supported by an increase in the total value of used car financing transactions facilitated through the platform. Meanwhile, revenue from the proprietary financing business also showed sustained growth, mainly attributable to the expansion of the financing receivables portfolio. As interest income is recognized over the lease term using the effective interest method, the increase in the average balance of interest-bearing financing receivables contributed to higher interest income.
In 2025, YIXIN adhered to a prudent yet proactive operational philosophy and continued to strengthen its core capabilities. During the reporting period, the group facilitated approximately 844,000 vehicle financing transactions (including new and used cars), representing a year-on-year increase of approximately 16.2%. The total financing amount reached approximately RMB 75.1 billion, up about 8.7% from the prior year. The scale of used car financing continued to expand, with financing amounts totaling approximately RMB 42.1 billion, accounting for about 56% of the group's total vehicle financing volume.
As one of the group's key strategic focuses, the fintech (SaaS) business maintained rapid growth during the reporting period. The financing amount facilitated through the fintech platform reached approximately RMB 40.3 billion, an increase of about 91.1% year-on-year. The platform accelerated product iterations and ecosystem expansion, further enhancing its service coverage and market influence. Revenue from the fintech business surged to approximately RMB 4.5 billion, up about 150% compared to the previous year. The fintech platform continued to expand its diversified network of financial partners, establishing cooperation with over 70 financial institutions by December 31, 2025.
Looking ahead, the group will continue to leverage fintech as a strategic pillar, focusing on optimizing system efficiency and user experience while expanding its institutional partner network to broaden its market presence and consolidate its industry leadership. The group is increasing its investment in cutting-edge artificial intelligence technologies, accelerating the application of its self-developed vertical large models in core business areas such as customer acquisition, risk management, asset recovery, and customer service. In November 2025, YIXIN officially launched XinMM-AM1, the automotive finance industry's first agent-based AI large model. While technological breakthroughs lay the foundation for development, sustainable differentiated competitiveness stems from deep integration and scalable application. This strategic focus was fully demonstrated during the 2025 World Internet Conference Wuzhen Summit, where YIXIN received the "Light of Brilliance Scenario Award" at the Internet Light Expo and won first prize in the "Open Source Model Application Competition." These honors not only affirm the group's innovative practices in end-to-end AI solutions but also further solidify its leading position in the "AI + automotive finance" field.
Furthermore, the group was included in the newly established "Hong Kong Exchange Tech 100 Index" at the end of 2025, reflecting the capital market's high recognition of YIXIN's technological strength and sustainable growth potential. In the future, YIXIN will continue to deeply embed AI into its operational processes, building end-to-end intelligent decision-making loops in core business segments. Additionally, in 2026, YIXIN will allocate more resources to advance its international layout. Through prior efforts, the group has established a solid foundation in Southeast Asian markets, particularly in Singapore and Malaysia, and has quickly risen to rank among the top three independent used car financial service providers in both markets. Going forward, YIXIN will accelerate its overseas expansion by deeply integrating local market demands and assessing the competitive landscape, relying on its dual-drive model of "finance + technology."