Company Profile
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Introduction to Xixiangfeng Group
INTRODUCTION OF XIXIANGFENG GROUP

Founded in 2007, Xixiangfeng Group is a well‑known comprehensive automotive service provider in China. On November 9, 2023, the Group was successfully listed on the Main Board of the Hong Kong Stock Exchange under stock code 02473.HK, making it China’s first automotive finance‑lease public‑listed enterprise.

Over the years, the Group has forged ahead with firm commitment to its core values. Focused on the automotive main track, it leverages strengths including manufacturer‑direct procurement, nationwide direct‑operated outlets, differentiated strategies, professional teams, asset management and risk control to integrate high‑quality resources. It operates four major business segments: financial leasing, online car‑hailing, operating leasing and used‑car export. Keeping pace with cutting‑edge industry technologies, the Group delivers comprehensive digital empowerment across business scenarios. Since its establishment, the Group has built 111 directly‑operated stores nationwide, served more than 220,000 customers with mobility solutions, and managed over 35,000 vehicles in aggregate.

With years of development, all business segments of Xixiangfeng Group have achieved substantial growth. In automotive financial leasing, the Group holds a leading market position, covering second‑, third‑tier and lower‑tier cities across 26 provincial‑level administrative regions. In online car‑hailing sales and leasing, Xidi Ride‑Hailing, its deep‑cooperation project with Didi, has expanded to 72 cities with more than 10,000 self‑owned ride‑hailing vehicles. For operating leasing, the self‑developed and self‑operated brand Yueye Car Rental offers flexible and diversified car‑rental services, operating more than 200 service outlets in over 80 cities nationwide. In used‑car export, the Group obtained official used‑car export qualifications in 2023 and has actively expanded overseas markets covering countries in Eurasia, Central Asia, Southeast Asia, the Middle East and Africa.

As an automotive service provider, Xixiangfeng Group’s core competitiveness lies in diversified capital & vehicle sourcing, technology empowerment, risk control and user‑centric operations. The Group maintains a diversified capital portfolio covering manufacturer‑sponsored finance, banks, commercial leasing, financial leasing, factoring, trusts and state‑owned enterprise supply‑chain financing. Drawing on 19‑year industry expertise, it secures high‑quality, stable and cost‑effective vehicle supplies.

For its full‑lifecycle “single‑vehicle” business, end‑to‑end digital intelligence has been implemented across vehicle procurement, sales leads, transactions, delivery, customer usage, vehicle repossession and remarketing. By deploying digital management systems and intelligent technologies, the Group improves both operational efficiency and user experience.

It continuously upgrades its risk‑control system centered on digital and intelligent risk management, building robust front‑, middle‑ and back‑end risk‑control frameworks to sustain sound business performance. At the front‑end, risk pre‑positioning is realized via automated credit assessment. The cloud‑based intelligent credit‑review system co‑developed with Xiamen University completes automated credit evaluation within 10 seconds and enables vehicle pickup in 29 minutes. Continuous identification, assessment, evaluation and monitoring support advanced risk prediction and mitigation. At the middle‑end, nearly 20 self‑developed patented monitoring systems deliver precise vehicle positioning alongside real‑time monitoring, troubleshooting and processing capabilities. At the back‑end, an in‑house stable on‑site team, underpinned by 19‑year‑refined scientific management models, delivers end‑to‑end capabilities including early‑warning monitoring, in‑process governance, vehicle repossession and legal support.

Adhering to a user‑oriented philosophy and its service slogan “Listen to every voice, serve every moment”, the Group applies self‑developed systems including ERP, WeCom SCRM, SaaS collection platform, BIP data platform, 52Che APP and WeCom work‑order systems. Fine‑grained management is applied at every key service touchpoint to elevate service quality and consistently optimize user experience.

Nineteen years of persistence has cemented Xixiangfeng Group’s reputation as a time‑honored brand in automotive services. Upholding the tenet of “Meeting every mobility need of users” and the mission of “Making vehicle ownership and usage more convenient, affordable and reassuring”, the Group delivers comprehensive automotive services for customers.

2025
The overseas business has expanded to Uzbekistan, accelerating global development; it has successfully joined the Hang Seng Composite Index and been included in the Stock Connect underlying securities.
2024
The used car export business is booming, with successful penetration into multiple national markets; the Group is also laying out the low-altitude economy to build a new engine for economic growth.
2023
operations expanded to 25 provincial regions, obtained a license for used car exports, and successfully listed on the Hong Kong Stock Exchange Main Board in November (stock code: 2473.HK).
2022
officially renamed as "Xixiangfeng Financing Leasing Group Co., Ltd."
2019
officially renamed as "Xixiangfeng Group Co., Ltd.," supporting the electrification of the ride-hailing industry and expanding into the three northeastern provinces.
2018
established service points across 24 provincial regions, entered the ride-hailing market, and founded the subsidiary "XiDi Automobile Service."
2017
expanded nationwide in automotive financing and leasing, established an automotive aftermarket service platform, and developed a new energy car-sharing platform.
2015
officially approved as part of the "13th Batch of Domestic Financing Leasing Pilot Enterprises."
2012
recognized as a "Key Road Transportation Enterprise" by the Ministry of Transport of the People's Republic of China.
2008
starting from Fuzhou, the company rapidly expanded nationwide, establishing 20 Xixiangfeng branded stores.
2007
Fuzhou Xixiangfeng Automobile Leasing Service Co., Ltd. was established.