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Benzinga
Benzinga
World
The Bamboo Works

Yixin Finds New Road To Profits as Auto Loan Agent

Cango Autohome

Key Takeaways:

  • Yixin posted a $43 million adjusted net profit last year, as its newer auto loan facilitation business rose 65% and its credit impairment losses dropped sharply
  • The company’s asset quality has improved notably since its shift to loan facilitation from its previous business as a direct lender
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