Changes in Hong Kong stocks | Yixin Group (02858) rose nearly 7% to pilot automobile distribution and consumption reform, and the nearby company is the largest Internet car finance trading platform in the country

The Zhitong Finance App learned that Yixin Group (02858) rose nearly 7%. As of press release, it had risen 5.49% to HK$1.73, with a turnover of HK$146 million.

According to the news, Li Gang, director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce, said at the press conference of the State Information Office on March 17 that he will organize and carry out pilot automobile distribution and consumption reforms, actively support places that are in a position to do so to try first in promoting the efficient circulation of used cars and developing the automobile aftermarket, and focus on cultivating new growth points for automobile consumption.

According to reports, Yixin Group is the largest online auto finance trading platform in China. The company previously announced annual results. The group's revenue was RMB 9.888 billion, up 48% year on year; net profit was RMB 810 million, up 46% year on year; adjusted net profit exceeded RMB 1 billion for the first time, up 19% year on year. In 2024, the Group handled a total of 726,000 financing transactions (including new and used cars), an increase of 7% over the previous year. The total amount of financing reached RMB 69.1 billion, an increase of 5% over the previous year.