The parent company's net profit has shown strong growth for three consecutive years. Driven by the three waves of "AI + globalization + Web3," Yuxin Technology is advancing toward becoming the "Chief Architect" of new financial infrastructure.

The fintech industry is undergoing a profound paradigm shift. As large model technology reaches the critical point of “from frontier exploration to scaled application,” as the digital renminbi 2.0 version is formally institutionally embedded in the banking system, and as the digital demands in emerging markets in Southeast Asia and the Middle East erupt, those companies that have been deeply rooted in traditional financial IT for many years are standing at a historic strategic opportunity window.

In 2025, Yuxin Technology (300674.SZ) delivered a solid annual report: a net profit attributable to the parent company of 432 million yuan, maintaining growth for three consecutive years, with a year-on-year increase of 13.69% in 2025; a net profit attributable to the parent company excluding non-recurring gains of 415 million yuan, an 18.77% year-on-year increase; if excluding the impact of share-based payment expenses, the net profit attributable to the parent company reaches 471 million yuan, a year-on-year increase of 26.26%. Behind the sustained profit growth is Yuxin Technology’s systematic transformation anchored in the three major strategies of “AI + globalization + Web3,” fully opening a year of strategic upgrades.

Profits have grown for three consecutive years, and profitability quality continues to improve

To assess a company’s operational quality, net profit and cash flow are the two most direct measures.

In 2025, Yuxin Technology achieved operating revenue of 3.623 billion yuan, accompanied by a proactive adjustment of the business structure from scale expansion to quality deepening, achieving net profit attributable to the parent company with three consecutive years of growth, continuously releasing profitability. It is noteworthy that after excluding non-recurring gains and the impact of share-based payment expenses, the improvement in operational profitability is even more prominent—net profit attributable to the parent company excluding non-recurring gains increased by 18.77%, further reaching a growth rate of 26.26% after excluding share-based payments, indicating that profit growth comes from real enhancements in the main business rather than one-off earnings embellishment.

In terms of cash flow, Yuxin Technology achieved a net cash flow from operating activities of 621 million yuan in 2025, providing stable financial support for the company’s continuous advancement in AI strategic investment and globalization layout.

From the customer structure perspective, state-owned large banks, joint-stock banks, policy banks, and large urban commercial banks contributed a total of 57.39% to Yuxin Technology’s main business revenue, while small and medium-sized banks and rural credit cooperatives contributed 29.63%, and non-bank financial institutions and other clients contributed 12.98%. The concentration of leading financial institutions reflects the customer trust and technical barriers that Yuxin Technology has accumulated over twenty-six years in banking IT.

AI is fully embedded in four product lines, evolving from “tool empowerment” to “intelligent agent collaboration”

Industry insiders believe that the AI competition among fintech companies is essentially about “who first embeds large model capabilities into the core business processes of financial institutions.” Yuxin Technology’s chairman, Hong Weidong, defines this direction as a fundamental shift from “software developer” to “financial intelligent solutions provider.” According to the data disclosed in the 2025 annual report, this transformation has been simultaneously promoted across four product lines.

In the credit business, the implementation of AI agents has moved from the “experimental” stage to “scaled” deployment: throughout the year, Yuxin Technology explored intelligent agent implementation plans with nearly a hundred financial institutions, helping over 30 of them complete scenario validation and more than ten achieve online deployment. Products such as intelligent due diligence and intelligent approval have covered major state-owned banks, deeply embedding into high-frequency credit scenarios like material recognition, information extraction, report generation, and review access, upgrading credit approval from “rules-driven” to “model-driven.”

In the data business, the “Star” ChatBI data intelligent analysis product has completed a key leap from pilot to scaled deployment, achieving full bank-level promotion in state-owned large banks, realizing a new data consumption experience of “zero-code, conversational”; the “Star Chain” platform has supported online service calls for tens of millions of data products; AI Agent technology has transformed the delivery model from a linear process of “demand-development-delivery” to an agile model of “intelligent understanding-automated orchestration-human-machine collaboration,” significantly reducing customization costs.

In terms of regulatory business, driven by continuous regulatory policy, Yuxin Technology has won multiple key projects such as “One Form Communication,” regulatory marketplaces, trusted zones, and integrated machines, with winning amounts hitting a historical high. AI innovative scenarios such as automatic regulatory data parsing, intelligent Q&A for regulatory standards, and regulatory data interaction queries have already been applied in multiple financial institutions; at the same time, it successfully won a project for a digital internal control platform for a policy bank, further extending its capability map in the intelligent compliance field.

In the digital banking sector, Yuxin Technology’s main products have fully integrated AI large models, forming an upgraded product system of “AI + digital banking,” launching a series of products such as “mobile banking app + AI assistant,” “WeChat marketing platform + AI assistant,” and “strategy platform + AI assistant.” Throughout the year, it successively won digital comprehensive operation projects for a national joint-stock bank and several urban commercial banks, covering strategy operation platforms, points rights platforms, WeChat platforms, and more.

Supporting the above layout is Yuxin Technology’s continuous and stable R&D investment. In 2025, R&D investment reached 366 million yuan, accounting for 10.09% of revenue, consistently maintaining R&D investment at over 10% of revenue for the past five years. As of the end of the reporting period, the number of software copyrights increased to 842, and the number of patents increased to 71. Yuxin Technology has built a trinity R&D system around AI “technology + scenarios + computing power,” and focuses on constructing a standardized financial AI Agent factory, promoting high-value-added platform-based capability output; at the computing power level, it has deeply integrated domestic computing power providers such as Huawei Ascend, Haiguang, Cambrian, and Muxi, creating an AI open ecology that connects computing power, models, and financial scenarios.

However, a deeper observation is that the large-scale promotion of AI Agent factories and ChatBI products is quietly driving Yuxin Technology’s business model from traditional one-off “project development” to reusable, platform-based, standardized capability output, indicating higher gross margin potential and a more stable recurring revenue outlook. This is not just a technological upgrade, but a profound change in the way value is created and captured, which is a hidden variable that determines its future valuation ceiling.

Overseas revenue doubles, tiered global layout accelerates implementation

2025 marks an important milestone in Yuxin Technology’s globalization strategy achieving staged results.

According to the financial data in the annual report, Yuxin Technology’s overseas revenue reached 18.36 million yuan, a year-on-year increase of 102.83%; if domestic and foreign-funded bank clients are included in the statistics, related revenue totals 58.28 million yuan. Yuxin Technology has formed a tiered market development pattern of “deep cultivation in Hong Kong and Macau, layout in Southeast Asia, breakthroughs in Europe, and exploration in the Middle East and Africa,” accelerating the implementation of its globalization strategy.

Significant breakthroughs have been made in Europe: a data platform for a state-owned bank’s London branch has successfully gone live, marking the first large-scale deployment of a domestic data platform in an overseas regulatory environment, setting a reference model for domestic fintech solutions penetrating the European regulatory system. In the Hong Kong and Macau regions, a multinational bank’s new generation core banking system project for its Hong Kong and international branches successfully completed the go-live for two international branches in the second half of the year; the new contract amount for the data business line overseas doubled compared to 2024, marking the internationalization of the data business entering a phase of scale development. In Southeast Asia, Yuxin Technology, leveraging joint operations in Indonesia, is extending replicable digital operation experiences to Vietnam, Africa, and other emerging markets.

At the same time, the productization and standardization output of fintech capabilities are also continuously advancing in markets such as Hong Kong, Macau, and Indonesia, with Yuxin Technology accelerating support for overseas financial institutions to complete system digital upgrades.

Digital currency “going abroad,” Web3 dual layout opens long-term imagination space

Digital currency and Web3 are the most forward-looking layout directions in Yuxin Technology’s strategic map for 2025.

During the reporting period, Yuxin Technology successfully won a bid and implemented phase one of an overseas bank’s digital currency system project, responsible for completing the integration of digital wallets and the banking account system as well as the construction of smart contract application scenarios. The project was successfully commissioned in the fourth quarter of 2025 and entered the regulatory sandbox verification phase. This marks Yuxin Technology’s strategic extension from a domestic digital renminbi solution provider to a global digital currency ecosystem service provider.

In the Web3 field, Yuxin Technology is advancing a dual layout: on one hand, collaborating with an overseas digital wallet company to develop digital currency interface products to help banks quickly connect account systems and digital currency systems; on the other hand, independently developing smart contract consumption red envelope products based on public chains to address the scenario application needs during the process of digital currency popularization.

In a longer-term direction, Yuxin Technology has begun exploring the “Web4” field—the core logic of Web4 is to grant AI “agent action rights,” enabling it to complete payments, invoke tools, and realize collaboration between agents, gradually becoming a new “consumer” entity in the digital economy. Around tokenized deposits, asset digital financing, bond credit clearing and settlement, Yuxin Technology is systematically building payment infrastructure for the AI era.

Domestic innovation leads, “intelligent computing leasing” creates a new paradigm for financial AI

Faced with common pain points in the intelligent computing field of the financial industry, such as GPU resource shortages, difficulty in computing power coordination, and challenges in large model implementation, Yuxin Technology has launched an innovative intelligent computing leasing service solution based on “Yuxin Financial Cloud,” successfully providing intelligent computing power + scenario services for a domestic bank through a “ready-to-use cloud leasing” model, effectively addressing the high investment costs and uncertain outcome expectations for financial institutions in the AI intelligent computing field.

At the same time, Yuxin Technology won a bid for a large model platform project for a leading joint-stock bank, further consolidating its core competitiveness in key customer markets with the advantage of “high performance, low cost, high security” computing infrastructure. Six core products have completed the Kunpeng Tongyuan development, achieving comprehensive breakthroughs in the domestic innovation field through strategic collaboration with leading manufacturers such as Huawei, Alibaba, Tencent, and Baidu, from joint R&D to collaborative creation of solutions to benchmark implementation.

Conclusion

A company that has been deeply rooted in China’s banking IT field for 26 years is currently serving over 1,000 financial institutions, including the People’s Bank of China, three major policy banks, six major state-owned commercial banks, 12 joint-stock banks, and more than 380 regional banks. This client list is not only the source of Yuxin Technology’s confidence in traversing cycles but also its greatest support for deeply embedding large model capabilities into the core business of financial institutions in the AI era.

Three consecutive years of growth in net profit attributable to the parent company, and a doubling of overseas revenue—these figures collectively outline the complete transformation path of a fintech company at the turning point of industry technology waves, from stabilizing the main route to opening new routes.

The pattern of new financial infrastructure in the AI era is accelerating to take shape.