11.56B in revenue, 1.2B in net profit—Yixin Group achieves a breakthrough in automotive financial technology?

Ask AI · How Is Yixin Technology’s Transformation Leading New Trends in the Auto Finance Industry?

Produced by | China-Visit Network

Reviewed by | Li Xiaoyan

Recently, Yixin Group released its 2025 annual performance report, delivering an impressive set of results with both revenue and net profit reaching new highs. During the reporting period, the company achieved total revenue of 11.56 billion yuan, up 17% year over year; net profit was approximately 1.2 billion yuan, up 48% year over year by a wide margin, with profitability hitting a historic high. At a critical stage in the auto finance industry’s transition from extensive growth to more refined and compliant development, Yixin Group, with its clear strategic layout, strong technological enablement, and continuous structural optimization, achieved a stunning transformation from a traditional transaction platform to an AI-driven financial technology platform, demonstrating strong growth resilience and broad development prospects.

As the biggest highlight of its 2025 performance, Yixin Group’s fintech (SaaS) service revenue reached 4.5B yuan, soaring 150% year over year. Its share of total revenue jumped from 18% in 2024 to 39%, for the first time surpassing traditional loan origination services, becoming the company’s largest revenue pillar. This leapfrogging growth signals that Yixin’s strategic transformation toward “de-guarantee” and “de-risking heavy asset exposure” has entered a full harvest phase.

Yixin’s SaaS business adopts a “pure technology” model and a “traffic + technology” dual-mode synergy. In the “pure technology” model, it provides independent technical solutions to partners such as banks and financial leasing companies. In 2025, the total financing amount facilitated was 3.2 billion yuan, up 74% year over year. In the “traffic + technology” model, it integrates the strengths of channels, data, and operations to provide end-to-end full-chain services. The total financing amount facilitated throughout the year was 37.0 billion yuan, up 93% year over year. By the end of the year, the company’s SaaS platform had established cooperation with nearly 75 financial institutions and 44k auto dealers. The number of core customers grew from 17 to 24. Revenue per customer doubled, fully demonstrating the market’s high recognition of its technology service capabilities.

Technological innovation is the core driving force behind the high growth of its SaaS business. In 2025, Yixin officially launched the industry’s first agency-type AI large language model, XinMM-AM1, with a parameter scale of over 44k. It enables low-cost deployment on a single card, with response latency below 200ms. The model has been fully deployed across end-to-end business scenarios such as intelligent outbound calling, automated pre-approval, post-loan risk early warning, and intelligent quality inspection, driving business processing into a “second-level era,” and significantly improving overall operational efficiency. At the same time, the intelligent risk control system the company built relies on massive data and AI algorithms to deliver minute-level credit assessment and vehicle valuation, with its bad-debt ratio consistently outperforming the industry average, providing a solid safety barrier for stable business development.

While its technology business grew strongly, Yixin’s traditional auto financing business also achieved a structural upgrade, with second-hand vehicle finance performing especially well. In 2025, the company completed 844k financing transactions in total, up 16.2% year over year; financing transaction value reached 75.1 billion yuan, up 8.7% year over year. Among them, the financing amount for second-hand vehicles reached 42.1 billion yuan, up 38% year over year. Its share of total financing value first exceeded 56%, securing a leading position in the industry.

As the domestic auto market enters the stock/inventory era, the circulation of used cars has become a new blue ocean for the industry. With years of deep cultivation, Yixin has built clear differentiated advantages in lower-tier markets and long-tail customer segments, leveraging its channel network, risk control models, and service system. The company’s second-hand vehicle finance products have matured in terms of standardization capability, covering the entire process such as offline vehicle inspections, pledge and release procedures, and post-loan management. Service efficiency and customer experience have continued to improve, effectively meeting financing needs of consumers and dealers, and providing stable support for performance growth.

At the same time, the company has proactively optimized the structure of its traditional loan-assistance (assisted lending) business, gradually shrinking high-risk backstop businesses, and focusing on light-asset, high-margin technology services and compliant financing businesses. In 2025, the company’s average cost of funds ratio decreased from 4.5% to 3.7%. Through innovative financing tools such as issuing low-interest-rate ABS and sustainability-linked syndicated loans, it further optimized its funding structure and reduced financing costs, enhancing both profitability and financial soundness in parallel.

As a leading enterprise in the industry, Yixin Group always regards compliant operations as the lifeline of development. It actively responds to regulatory guidance and improves its internal governance system. In 2025, the company joined the Shanghai Municipal Legal Research Society’s Financial Legal Governance Professional Committee, and deeply participated in drafting industry standards and rules such as the 《Auto Finance Compliance Guidelines》 and the 《Industry Self-Discipline Convention for Sustainable Development in the Auto Finance Industry》. It also proactively promotes standardized and compliant development in the auto finance industry. At the level of business operations, the company comprehensively reviews service processes, strengthens employee compliance training, promotes fee transparency, standardizes contracts, and ensures full coverage of the fulfillment of notification obligations, thereby preventing compliance risks from the source.

Regarding consumer complaint issues that have attracted market attention, Yixin Group has always maintained a positive attitude of addressing concerns head-on and taking proactive corrective action. Since 2025, the company has further upgraded its consumer rights protection mechanisms, opened multiple feedback channels such as an official customer service hotline and an online complaint submission channel, and established a rapid response and closed-loop handling mechanism. For issues such as non-standard charges and insufficient information disclosure in certain offline partner channels, the company has already carried out comprehensive checks and rectification, strengthening channel management and accountability, and earnestly safeguarding lawful rights and interests such as consumers’ right to be informed and the right to fair transactions.

Judging from changes in the annual report’s wording, Yixin’s mentions of “GPS” related content in 2023–2025 have gradually decreased until they no longer appear. In essence, this reflects the natural shift of the company’s business focus from traditional value-added services to technology services. With regulatory oversight tightening and service models upgrading, the company has gradually standardized related fee items, promoting the transformation of value-added services from “charge-based” to “empowerment-based,” focusing on providing customers with more valuable technology and risk control services.

Yixin Group’s outstanding performance in 2025 fully validates the correctness and forward-looking nature of its strategic transformation. From a traditional platform that relied on transaction commissions, to a fintech service provider with technology output as its core, Yixin has successfully achieved an upgrade of its business model, with a qualitative leap in both anti-cycle capability and profitability quality. In the future, as digitalization and intelligentization in the auto finance industry accelerate, the company will continue to increase its R&D investment in AI technology, deepen the coverage of SaaS service scenarios, further expand its cooperation ecosystem, and consolidate its leading position in the industry.

Meanwhile, the company will keep consumer needs at the core, integrate compliant operations and user rights protection into the entire business lifecycle, and while driving performance growth, continuously improve service quality and customer satisfaction. Through technology innovation to reduce costs and increase efficiency, compliant operations to prevent risks, and high-quality services to earn trust, Yixin Group is charting a path of high-quality, sustainable development, providing a benchmark template for the transformation and upgrading of the auto finance industry.

Overall, Yixin Group’s growth trajectory in 2025 is a microcosm of the evolution of China’s auto finance industry. In the wave of industry change, only enterprises that adhere to technology enablement, lead with compliance, and put users first can ride out the cycle and go far steadily. With strategic foresight and solid capabilities, Yixin Group has already gained first-mover advantage on the new track, and in the future is expected to unlock even broader growth space by leveraging technology barriers and ecosystem advantages.