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ROI exceeds 20%! China's wealthy flock to the $1.7 trillion "high-yield market"......
Chinese wealthy investors are pursuing the $1.7 trillion private crediting market, ignoring warnings of rising default rates, because some of these trades have an roi exceeding 20%.
Yixin Group Reports Strong H1 Profit
YIXIN: 2024 Interim Report
Yixin Group (02858) rose more than 5% in Hong Kong stocks, with a year-on-year net profit growth of 54% in the first half of the year, continuously driving the development of electric vehicles and CNI Xiangmi Lake fintech index.
Yixin (02858) rose more than 5%, as of press time, up 5.41%, at HKD 0.78, with a turnover of HKD 7.0612 million.
Yixin Group's H1 Attributable Profit Jumps 54% as Revenue Surges
Continued growth in the first half of the year: Yixin Group's adjusted net profit increased steadily by 23% year-on-year to 0.507 billion.
On August 15th, Yixin Group (02858.HK), a professional domestic auto finance trading platform, announced its mid-term performance, with all operating indicators continuing to improve and both revenue and net income achieving growth. During the period, the business of electric vehicles, fintech (SaaS services) and others continued to accelerate, further consolidating its leading position as a third-party auto finance trading platform. According to the disclosure, Yixin completed 0.329 million auto financing transactions from January to June, a year-on-year increase of 5.3%; financing transaction volume reached 31.5 billion yuan, a year-on-year increase of 3.5%; and it achieved a revenue of 4.5 billion yuan, a year-on-year increase.
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