Company Profile

 

Yixin Group (2858.HK) is an online automobile finance transaction platform in China. For the six months ended June 30, 2018, our total financed automobile transactions reached approximately 218 thousand, representing an increase of 58% period on period. Our accumulated total financed automobile transactions reached approximately 850 thousand as at June 30, 2018.

 

Our Business Model

 

Leveraging our leading online automobile retail transaction platform, we are dedicated to developing and strengthening our ecosystem, the participants of which comprise consumers, automakers, auto dealers, auto finance partners, and aftermarket service providers. This ecosystem facilitates transactions throughout consumers’ automobile transactions cycles and automobiles’ life cycles

 

    

 

 

Our Business Segments

 

We operate our business in two segments: transaction platform business and self-operated financing business.

 

1) The transaction platform business is comprised of: (i) loan facilitation services, whereby we primarily earn service fees from consumer borrowers or banks that have extended auto loans to consumers, and (ii) advertising and other services, where we primarily earn advertising fees from automakers, auto dealers, auto finance partners, and insurance companies that have advertised on our platform, services fees from auto dealers for promotional services.

 

2) Self-operated financing business is comprised of: (i) financing lease services, whereby we primarily generate interest revenues from consumers, and (ii) other self-operated services, whereby we primarily generate rental revenues from consumers and the revenues from sales of automobiles to auto dealers.