China's online auto finance group Yixin at near 4-mth peak on strong results

Yixin

01/03/2024 03:09

** Shares of Chinese online auto finance solutions provider
Yixin Group Ltd  2858.HK  jump as much as 25.9% to HK$0.73,
their highest since Nov 9
    ** Stock on track for the biggest one-day pct rise since
debut in November 2017 if gains hold; biggest gainer in Hang
Seng Composite Index  .HSCI  
    ** Yixin said its 2023 net profit jumped 49.7% YoY to 555
mln yuan ($77.12 mln) with revenue up 28.7% YoY to 6.39 bln yuan
    ** Hang Seng Composite Index  .HSCI  climbs 0.03%, while
Hang Seng Commerce & Industry Index  .HSNC  and Hang Seng Index
 .HSI  both add 0.3%
    ** Stock up 16.4% YTD 
    
($1 = 7.1965 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))