Yixin Group Ltd. (1YX)

Overview

Yixin Group Limited, together with its subsidiaries, stands as a prominent entity in the online automobile finance transaction sector within China. This company distinguishes itself by operating in two main business areas: Transaction Platform Business and Self-Operated Financing Business. Since its establishment in 2013, and previously known as Yixin Capital Limited, Yixin has positioned itself as a vital service provider in the auto finance industry, catering to consumers, automakers, and finance partners. With its headquarters located in Shanghai, China, Yixin Group Limited showcases a comprehensive approach to the automobile finance market, leveraging technology development activities, renewable resource utilization, and offering a broad range of services from commercial factoring to leasing and subscription services.

Products and Services

• Transaction Platform Business:

  This segment underscores Yixin's commitment to facilitating automobile financing. By partnering with auto finance entities, Yixin provides a plethora of services including auto loans to consumers, guarantee and loan facilitation services, after-market services, and software-as-a-service (SaaS) solutions. It also extends its reach to advertising and other services aimed at stakeholders in the auto industry like automakers, auto dealers, finance partners, and insurance companies. This demonstrates Yixin's role in bridging gaps between consumers and the financial aspects of automobile ownership.

• Self-Operated Financing Business:

  In this segment, Yixin offers direct auto finance solutions to consumers primarily through financing leases. This part of Yixin's business model is indicative of its ambition to cater to customer needs directly, offering services such as operating leasing services, automobile sales services, among others. By providing self-operated services, Yixin ensures a comprehensive and self-contained ecosystem for consumers looking for tailored auto finance solutions.

• Information Technology and Technology Development:

  Yixin is also deeply involved in the development and implementation of IT solutions, underscoring the technology-driven nature of its services. This involvement indicates the company's commitment to innovation and efficiency, improving both the consumer experience and the operational capabilities within the auto finance market.

• Renewable Resources Recycling and Utilization:

  A notable aspect of Yixin's operations includes its focus on the recycling and utilization of renewable resources. This initiative reflects the company's awareness and responsibility towards sustainable practices within its business operations and the broader auto industry.

• Commercial Factoring, Transaction, Leasing, and Subscription Services:

  Expanding its financial services portfolio, Yixin offers commercial factoring, showcasing its versatility in financial solutions tailored to the auto industry. Additionally, it provides transaction services, leasing, and subscription services, further broadening its value proposition to consumers and partners, and reinforcing its position as a comprehensive provider of auto finance and related services.