第三季度，优信集团总交易量达15，904辆，较上一季度增长37.0%，同比增长125.7%；其中零售交易 量为14，020辆，环比增长35.0%，同比增长133.5%。零售业务仍是公司交易量增长的核心驱动力。 优信集团首席财务官林峰表示，公司盈利能力显著增强，毛利率已达到近三年最高水平，经调整后的 EBITDA亏损也大幅收窄。多项关键指标验证了"线下仓储大卖场+线上全国购"模式具备良好的可复制 性与扩张潜力。未来，公司将继续聚焦零售业务增长与经营质量提升，推动财务表现持续向好。预计第 四季度交易量将同比增长超过110%，环比增长超30%。 优信集团预计2025年第四季度零售交易量将在18,500辆至19,000辆之间。公司预计包括零售汽车销售收 入、批发汽车销售收入和其他收入在内的总收入将在11.5亿元至11.8亿元之间。 周五，优信(UXIN.US)大涨近11%，报3.48美元。财报显示，第三季度，优信实现总收入人民币8.79亿 元，环比增长33.6%，同比增长76.8%；其中零售车辆销售收入达人民币8.19亿元，环比增长34.8%，同 比增长84.3%，占总收入比重持续提高。 ...

优信集团首席财务官林峰表示，公司盈利能力显著增强，毛利率已达到近三年最高水平，经调整后的 EBITDA亏损也大幅收窄。多项关键指标验证了"线下仓储大卖场+线上全国购"模式具备良好的可复制 性与扩张潜力。未来，公司将继续聚焦零售业务增长与经营质量提升，推动财务表现持续向好。预计第 四季度交易量将同比增长超过110%，环比增长超30%。 优信集团预计2025年第四季度零售交易量将在18,500辆至19,000辆之间。公司预计包括零售汽车销售收 入、批发汽车销售收入和其他收入在内的总收入将在11.5亿元至11.8亿元之间。 智通财经APP获悉，周五，优信(UXIN.US)大涨近11%，报3.48美元。财报显示，第三季度，优信实现 总收入人民币8.79亿元，环比增长33.6%，同比增长76.8%；其中零售车辆销售收入达人民币8.19亿元， 环比增长34.8%，同比增长84.3%，占总收入比重持续提高。 第三季度，优信集团总交易量达15，904辆，较上一季度增长37.0%，同比增长125.7%；其中零售交易 量为14，020辆，环比增长35.0%，同比增长133.5%。零售业务仍是公司交易量增长的核心驱动力。 ...

Company Overview - Uxin Limited operates an online used-car marketplace based in Beijing, focusing on buying, inspecting, and refurbishing used cars [1] Investment Focus - The analysis primarily targets small- to mid-cap companies, which are often overlooked by investors, while also occasionally reviewing large-cap companies to provide a broader market perspective [1]

Financial Data and Key Metrics Changes - Retail transaction volume reached 14,020 units, representing a 134% year-over-year increase and a 35% quarter-over-quarter increase [4][14] - Retail revenue for the quarter totaled CNY 820 million, up 84% year-over-year and 35% quarter-over-quarter [15] - Gross margin for the quarter was 7.5%, up 0.5 percentage points year-over-year and up 2.3 percentage points quarter-over-quarter, marking the highest level in three years [18] - Adjusted EBITDA loss narrowed significantly to CNY 5.3 million, representing a 43% reduction year-over-year and a 68% reduction quarter-over-quarter [19] Business Line Data and Key Metrics Changes - Wholesale transaction volume was 1,884 units, representing an 81% increase year-over-year and a 54% increase quarter-over-quarter [17] - Total revenue combining both retail and wholesale reached CNY 879 million, representing a 77% increase year-over-year and a 34% increase quarter-over-quarter [17] Market Data and Key Metrics Changes - The Wuhan superstore, which opened in February, is expected to reach nearly 1,800 retail units in December, with local market share approaching 10% [5] - The Zhengzhou superstore, opened in late September, is expected to achieve approximately 900 retail units in December, with market share nearing 5% [5] Company Strategy and Development Direction - The company is expanding its superstore network, having completed all three new superstore openings planned for 2025, and plans to open four to six additional superstores in 2026 [8] - The company aims to scale its business model nationwide, driven by precise pricing, higher customer satisfaction, and superior operating efficiency [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustained and rapid growth, expecting retail transaction volume to exceed 18,500 units in Q4 2025, representing year-over-year growth of over 110% [11][20] - For the full year 2025, retail transaction volume is expected to surpass 50,000 units, reflecting year-over-year growth of over 130% [11][20] Other Important Information - The company has established strategic partnerships with local governments in Tianjin, Guangzhou, and Yinchuan to jointly invest in and operate new used car superstores [8] Q&A Session Summary Question: How does management view the sustainability of the current margin level? - Management indicated that the gross margin of 7.5% is supported by stabilized new car pricing and improved profitability at the Wuhan superstore, with expectations for further margin expansion [22][23][25] Question: What key initiatives drove the outperformance of the Zhengzhou superstore? - Management attributed the outperformance to lessons learned from the Wuhan superstore, improved pricing capabilities, and efficient operations, expecting break-even in about nine months [28][29][30] Question: What are the key similarities and differences between Uxin and Carvana? - Management highlighted that Uxin operates through both offline superstores and an online marketplace, while Carvana primarily sells online, reflecting different market realities [33][34] - Both companies share similarities in operating under an own inventory model and focusing on precise pricing to ensure efficient vehicle turnover [35][36][37]

Uxin Limited (NasdaqGS:UXIN) Q3 2025 Earnings Call December 18, 2025 08:00 AM ET Company ParticipantsDai Kun - Founder and CEONone - TranslatorJohn Lin - CFOConference Call ParticipantsWenjie Dai - AnalystFei Dai - AnalystOperatorLadies and gentlemen, thank you for standing by, and welcome to Uxin's earnings conference call for the quarter ended September 30th, 2025. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a question-and-answer session. To ...

Financial Data and Key Metrics Changes - Retail transaction volume reached 14,020 units, representing a 134% year-over-year increase and a 35% quarter-over-quarter increase [5][16] - Retail revenue for the quarter totaled CNY 820 million, up 84% year-over-year and 35% quarter-over-quarter [17] - Gross margin for the quarter was 7.5%, marking the highest level in the past three years, up from 7% a year ago and 5.2% in the prior quarter [19][22] - Adjusted EBITDA loss narrowed significantly to CNY 5.3 million, a 43% reduction year-over-year and a 68% reduction quarter-over-quarter [21] Business Line Data and Key Metrics Changes - Wholesale transaction volume was 1,884 units, representing an 81% increase year-over-year and a 54% increase quarter-over-quarter [18] - Total revenue combining retail and wholesale reached CNY 879 million, representing a 77% increase year-over-year and a 34% increase quarter-over-quarter [18] Market Data and Key Metrics Changes - The Wuhan superstore, which opened in February, is expected to reach nearly 1,800 retail units in December, with local market share approaching 10% [6] - The Zhengzhou superstore, opened in late September, is expected to achieve approximately 900 retail units in December, with market share nearing 5% [6] Company Strategy and Development Direction - The company is expanding its superstore network, having opened three new superstores in 2025, and plans to open four to six additional superstores in 2026 [9][10] - The company aims for a gross margin target of around 10% in the long term, with existing superstores already approaching this target [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustained and rapid growth, expecting retail transaction volume to exceed 18,500 units in Q4 2025, representing year-over-year growth of over 110% [12][22] - The company believes that vehicle prices will remain stable or trend upward, supporting margin improvements [28] Other Important Information - The company's Net Promoter Score (NPS) was 67, maintaining an industry-leading level for six consecutive quarters [5] - Strategic partnerships with local governments in Tianjin, Guangzhou, and Yinchuan have been announced to jointly invest in and operate new used car superstores [9] Q&A Session Summary Question: Sustainability of current margin level - Management indicated that the gross margin of 7.5% is supported by stabilized new car pricing and improved profitability at the Wuhan superstore, with expectations for further margin expansion [25][26][28] Question: Performance of Zhengzhou superstore - Management noted that the Zhengzhou superstore's sales and profitability are outperforming the Wuhan superstore due to lessons learned and improved pricing capabilities [34][36] Question: Comparison with Carvana - Management highlighted differences in sales channels, with Uxin operating through both offline superstores and an online marketplace, while sharing similarities in inventory management and customer satisfaction focus [38][42][45]

优信集团首席财务官林峰表示，公司盈利能力显著增强，毛利率已达到近三年最高水平，经调整后的 EBITDA亏损也大幅收窄。多项关键指标验证了"线下仓储大卖场+线上全国购"模式具备良好的可复制 性与扩张潜力。未来，公司将继续聚焦零售业务增长与经营质量提升，推动财务表现持续向好。预计第 四季度交易量将同比增长超过110%，环比增长超30%。 来源：新浪科技 优信集团创始人、董事长兼CEO戴琨表示，公司目前库存周转率稳定在约30天水平，客户净推荐指数 （NPS）达67分，连续六个季度保持在65分以上的行业最高水平。优信通过"更准的定价、更高的效率 和更好的客户满意度"构建出核心竞争力。武汉、郑州两个新开设的大卖场增长势头强劲，济南卖场也 已进入试营业阶段。此外，优信已与天津、广州、银川等地政府达成战略合作，共同推进仓储大卖场建 设。随着现有卖场销量稳步增长与新卖场陆续投入运营，公司零售销量有望在未来几年保持高速增长。 受益于零售交易量的持续提升，公司收入规模同步扩大。第三季度，优信实现总收入人民币8.79亿元， 环比增长33.6%，同比增长76.8%；其中零售车辆销售收入达人民币8.19亿元，环比增长34.8%，同比增 ...

Core Viewpoint - Uxin Limited reported strong financial results for the quarter ended September 30, 2025, with significant year-over-year growth in retail transaction volume and revenue, indicating a robust recovery and scalability of its business model in the used car retail sector in China [1][4][5]. Financial Performance - Non-GAAP adjusted EBITDA loss was RMB5.3 million (US$0.7 million), an improvement from a loss of RMB16.5 million in the previous quarter and a loss of RMB9.2 million in the same period last year [3][17]. - Total revenue reached RMB879 million (US$123.5 million), up 33.6% from RMB658.3 million in the last quarter and up 76.8% from RMB497.2 million in the same period last year [6][7]. - Retail revenue was RMB819 million (US$115 million), representing an 84% year-over-year growth and a 35% quarter-over-quarter growth [4][8]. - Gross margin improved to 7.5%, the highest in nearly three years, compared to 5.2% in the last quarter and 7.0% in the same period last year [11][14]. Transaction Volume - Retail transaction volume was 14,020 units, up 134% year-over-year and 35% from the previous quarter [4][6]. - Total transaction volume was 15,904 units, an increase of 37% from the last quarter and 125.7% from the same period last year [6]. Superstore Expansion - Uxin opened its fifth superstore in Jinan, Shandong Province, which can display over 1,000 vehicles, further enhancing its market presence in Northern China [20]. - The company has plans for additional superstores in 2026, indicating a strong pipeline for future growth [4][19]. Strategic Partnerships - Uxin entered into strategic partnerships for new superstores in Tianjin, Yinchuan, and Guangzhou, which are expected to enhance its supply chain and service network across northern China [21][22][23]. Business Outlook - For the fourth quarter of 2025, Uxin projects retail transaction volume to exceed 18,500 units, representing over 110% year-over-year growth [4][25]. - The company estimates total revenues for the full year 2025 to exceed RMB3,200 million, reflecting continued strong performance [25].

经过多年产业布局和精心深耕,优信集团具备横跨二手车产业链的一站式服务能力,涵盖二手车交易、汽 车金融、物流运输、售后保障,以及维修保养等环节,充分满足汽车全生命周期的所有需求。 9月29日，优信将于(美东)盘前披露2025财年中报（数据来源于纳斯达克官网，预计披露日期为美国当 地时间，实际披露日期以公司公告为准）。 资料显示，优信有限公司于2011年12月8日在开曼群岛注册成立,国内以"优信集团"著称。 优信集团创建于2011年,现已成长为中国领军的在线汽车交易综合服务供应商,旗下拥有B2B模式二手车 在线交易平台——优信拍,以及B2C模式的二手车在线交易平台——优信二手车等多个子业务。 据交易所数据显示，12月17日，优信(UXIN)盘中上涨3.2%，截至23:08，报2.745美元/股，成交21.13万 美元，总市值5.66亿美元。 财务数据显示，截至2025年03月31日，优信收入总额5.04亿人民币，同比增长25.69%；归母净利 润-5307.1万人民币，同比减少3.11%。 大事提醒： 本文源自：市场资讯 作者：行情君 ...

优信集团创建于2011年,现已成长为中国领军的在线汽车交易综合服务供应商,旗下拥有B2B模式二手车 在线交易平台——优信拍,以及B2C模式的二手车在线交易平台——优信二手车等多个子业务。 经过多年产业布局和精心深耕,优信集团具备横跨二手车产业链的一站式服务能力,涵盖二手车交易、汽 车金融、物流运输、售后保障,以及维修保养等环节,充分满足汽车全生命周期的所有需求。 本文源自：市场资讯 作者：行情君 财务数据显示，截至2025年03月31日，优信收入总额5.04亿人民币，同比增长25.69%；归母净利 润-5307.1万人民币，同比减少3.11%。 大事提醒： 9月29日，优信将于(美东)盘前披露2025财年中报（数据来源于纳斯达克官网，预计披露日期为美国当 地时间，实际披露日期以公司公告为准）。 资料显示，优信有限公司于2011年12月8日在开曼群岛注册成立,国内以"优信集团"著称。 据交易所数据显示，12月17日，优信(UXIN)开盘上涨6.02%，截至22:31，报2.82美元/股，成交2.84万美 元，总市值5.81亿美元。 ...