HK Stock Market Move | YIXIN (02858) rises more than 6% in the morning, the total financing amount in the first quarter increased by about 27.9% year-on-year, and the company's AI strategy is steadily advancing.

YIXIN (02858) rose over 6% in the morning, as of the press release, rose 4.73%, reporting 1.55 Hong Kong dollars, with a turnover of 267.701 million Hong Kong dollars. On the news front, recently, YIXIN announced that in the first quarter of 2026, the group financed approximately 226 thousand automobile transactions, including new and used cars. The total financing amount reached approximately 19.6 billion yuan, an increase of about 27.9% compared to the first quarter of 2025. In the first quarter of 2026, the group's financing for used cars increased by about 31.3% year-on-year, reaching approximately 11.2 billion yuan. This growth reflects the positive results of the group's continued effective strategy of providing more accurate risk pricing and expanding profitable used car product portfolios. Western pointed out that in Q1 2026, the company's AI-driven autonomous driving process ratio has increased to 65%. The company has established a "Harness" three-tier AI governance framework (Human Harness, Agentic Harness, Data Harness) to promote achieving seamless millisecond-level handover between man and machine and end-to-end auditability, which is expected to continue to reduce costs and increase efficiency. In terms of overseas business, in Q1 2026, the company's total overseas financing amount was approximately $62 million, an increase of about three times year-on-year, and the dealer network expanded to approximately 1,000.