Summary by Moomoo AI
Yixin Group's business update for the third quarter of 2024 showed that, although total sales of new passenger cars and used cars in China fell 0.9% year-on-year, the Group's total financing transactions reached approximately 192,000, an increase of 5.2% year-on-year. Of these, about 99,000 new cars were traded and 93,000 used cars were traded, with a total financing of about RMB18.5 billion. New energy vehicle sales grew by 33.5% year-on-year, and financing transactions increased to approximately 53K, an increase of 26.8% year-on-year.The FinTech (SaaS) business achieved significant growth in the third quarter of 2024, generating approximately RMB5.6 billion in financing, an increase of 87.2% year-on-year. New energy vehicles account for approximately 60.6% of new car financing in SaaS mode. In addition...Show More
