Precio Yixin Group Ltd (02858.HK)

Yixin Group Ltd. operates as an investment holding company, which engages in automotive finance transaction platform. The company is headquartered in Shanghai, Shanghai and currently employs 4,539 full-time employees. The company went IPO on 2017-11-16. The company is committed to providing consumers with automotive financing and value-added services, as well as fintech solutions for partners across the automotive finance ecosystem by leveraging its AI-driven capabilities and technology empowerment. The firm operates its business through two segments. The Transaction Platform Business segment is mainly comprised of loan facilitation services, which is responsible for facilitating auto loans offered by financial institutions to consumers. The Segment also includes other trading platform services, such as software as a service (SaaS) services, guarantee services and auto value-added services like battery guaranteed asset protection (GAP). Self-operated Financing Business segment mainly includes financial lease services, as well as other self-operated services such as other operating leasing services and auto sales services.