易鑫集团2025年年度报告

目錄 247374288112120121122124126127224225 執行董事 202635𦐼202635 20263 520263 5 非執行董事 獨立非執行董事 22 1C19 1826 PO Box 309, Ugland HouseGrand Cayman, KY1-1104Cayman Islands 20263 5𦐼202635 709 3651 Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands 18317M www.yixincars.com 2858 20252025(GDP)5.0%2026 202520256.0% 202571021.1% 202584.416.2%7518.7%42156% 115.614.3202512311,258.3901.89% 202510(ABS)2.13%2025620257 (SaaS)40391.1%45.0150%2025123170 202511XinMM-AM12025(Lightof Brilliance Scenario)2025100 20252016-202010%ESG 2026 2026 10.050.0%4.020.0%202662620265262026518 張序安202635 20252025(GDP)5.0% 20253.7%2024 20253.8% 202520251.2 2025(CAAM)(CADA)6.0% 202530.109.2% 2025202515.740.4% 2025(CPCA)12.8117.5%50% 20257.1021.1% 2025 2025 2025120252025202592025-20262025122026 202520255202520257202511 202532025620258202591202512 20255620259 1.宏觀經濟風險 2.融資環境及利率風險 3.汽車行業及市場競爭風險 4.監管合規及政策風險 交易平台業務 (OEM)SaaSSaaS 自營融資業務 2025(SaaS) (1) 84.472.616%7516919% 30.737.619%33138715% 53.735.054%56% SAAS服務 2025(SaaS) (SaaS)202540391%45150% 75(SaaS) (SaaS) 3274% +37093% (SaaS) (1)1 20241724(SaaS)99%2025(ARPCC)1.8620241.04 2025 強化技術基礎，引領行業大型模型創新：2025XinMM-AM1XinMM-AM1 推進全鏈路智能化，率先於貸前環節落地： 行業及資本市場的雙重認可：20257(WAIC)202511(Light of Brilliance Scenarios)202512100100 展望2026年： 2025 XPortXPort2025XPort50% 20251,500 2026 (i)(ii)(iii)(iv)(v)經調整營業利潤 經調整淨利潤 20.412024123114.38 經調整淨利潤 (1): 2025123120241231 202520241231 收入 2024123198.8817%115.60SaaS202520241231 交易平台業務 2024123178.9418%92.91SaaS80%2024123180% SaaS403202545.01150%91%SaaS202412318.6%202511.2% 202443.1841%25.46SaaS 2024123117.7327%22.4419.952024123115.2431%249GAP 自營融資業務 202419.9314%22.69 2024123119.6013%22.06264304(1)9.7%9.4% 50.982024123152.513%202441.3840.45202410.079.56(1)4.5%3.7% 64.612024123146.3618.2539%2024123156%47% 交易平台業務 20251.45.1% (1)SaaS 自營融資業務 20251.16.0%0.80.3 (2) 銷售及營銷費用 10.19202410.202,100202412311,400 行政費用 202412314.4343%6.34202510,100202412313,100202412314.1229%5.32 營運及服務開支 202412312.8636%3.88600 研發費用 202412312.3362%3.781,60020241231900 信用減值虧損 2024123115.6549%23.33 其他收入及其他（虧損）╱ 利得淨額 1,10020244,500202420252024 營業利潤 16.992024123111.34 財務成本淨額 5,500202412312,800 所得稅費用 5.15202412312.80 期內利潤 11.99202412318.10 股息 2025123110.04.020246.56.52026356,787,178,701950.2838.62024878.5 合併資產負債表的節選財務資料 應收融資租賃款 2025123131520241231281 (1) 到期日概況 2025123134.6% 資產負債表外貸款 202512318642025123131 逾期率 (2)90180 20251231180901801.31%1.89%202412311.39%1.86% 歷史逾期率 3030(MOB) 20251231202130 20251231202130 20251231202130 內部控制 20171116 40 (i)(ii)(iii)(iv) ••• ••• •15•GPS• •10••• 360360360 現金及現金等價物 2025123145.062024123142.13 2025123140.992024123133.44 52024123120 借款和資金來源 2025123131320241231269(i)20251231117(ii)1962025123138% 2025123185722 202565.2LPR 20257( i )MTN(ii)GREENTECH7,000 202511Xingyao No.8AAAAsfABNAAA 20257AAA 流動資產淨值 2025123133.402024123146.4428%20251231254202412312302025123122120241231183 權益總額 2025123117020241231165 (1)(2)(3) 流動比率 202412311.25202512311.15 資產負債比率 58%2024123155% 資本負債比率 202512311.85202412311.64 總計 外匯風險 2128 所持重大投資 2018613Yusheng可換股票據購買協議Yusheng2.6020.40可換股票據20.00156.931,3000.0001YushengPre-APre-A系列優先股Pre-AYusheng40.63%YushengYushengA-1A-2Yusheng2038612到期日YushengPre-A ( i )2,1001.65( i i )Yusheng2018613Yusheng2018613 2019112020124,3003.351,2009,500YushengYusheng 1,2009,400YushengYusheng 20236 YushengYusheng10,000Yusheng 20251231Yusheng362,387,0002,547,146,00020241231358,752,0002,578,853,0004.7%202412315.3% 重大投資及資本資產的未來計劃 僱員及薪酬政策 202512314,773202412314,278202479202424 12.962024123110.19 重大收購及出售 資產抵押 2128 或有負債 2025123120241231 張序安先生5020131225200620181 19992003 曾令祺先生542025227201420 姜東先生542026352015320176201712202412Yusheng20112201536002972008120101699 720117 高先生532016920223242026352013420168 1993720156 曾偉業先生572025520252TME169807002014 袁天凡先生732017620171161988101991101996200619998200668199962007765199372017850620133201981288601288 •P15201522024416•36320167 19756 郭淳浩先生62201762017116202411633720214292021517219120161恒基陽光4352018111 19856 董莉女士55201762017116202152020216166699202343202115202312292023816688591202042020958WUBA20071120157銳迪科RDA201412015719922005 19927200411199410 嚴志雄先生6420252273019912200472021122024420246202592025571333202352025460121126111984111988419936 宋睿先生522019120223242017201819962017 19957 楊曉光先生5020206201420163360GEGE 鄭文華先生CA (Singapore)Gemini20 13.51B(1)2025 20263520263520259 13.51B(1) 20251231 20141119Yixin AutomotiveTechnology Group Limited (i)(ii) 5 3 2025 20251231 20265262025123110.04.06,787,178,701950.2838.6 10.04.0 2025123122 20251231233,550,189202429,500,000 20251231 2025123117,513,795,000202418,672,568,000 2025123112412536 2025123112 38 202512313132024123126920251231(i)117(ii)19628 202572025112024202412 20251231124,7002024164,400 224 20251231 C12024338(a)8(b) 2024 1.首次公開發售前股份期權計劃 2017526