Uxin Limited (NASDAQ:UXIN) Q3 2023 Earnings Conference Call April 11, 2023 8:00 AM ET Company Participants Jack Wang - IR Kun Dai - Chairman of the Board & CEO John Lin - CFO Operator Ladies and gentlemen, thank you for standing by, and welcome to Uxin's Earnings Conference Call for the Quarter Ended December 31, 2022. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a Q&A session. Today's conference call is being recorded. If you have any question ...

Uxin Limited (NASDAQ:UXIN) Q2 2023 Earnings Conference Call December 30, 2022 8:00 AM ET Company Participants Jack Wang - Investor Relations Kun Dai - Chairman of the Board & Chief Executive Officer John Lin - Chief Financial Officer Conference Call Participants Tom Kerr - Zacks Investment Research Fai Dai - TF Securities Operator Ladies and gentlemen, thank you for standing by. And welcome to Uxin's Conference Call for the Quarter Ended September 30th 2022. At this time, all participants are in a listen-on ...

Uxin Limited (NASDAQ:UXIN) Q1 2023 Results Conference Call September 30, 2022 8:00 AM ET Company Participants Joyce Tang - IR Director Kun Dai - CEO John Lin - CFO Conference Call Participants Tom Kerr - Zacks Investment Research Fai Dai - TF Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to Uxin's Earnings Conference Call for the First Quarter of Fiscal Year 2023. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a ...

Uxin Limited (NASDAQ:UXIN) Q3 2022 Earnings Conference Call July 28, 2022 8:00 AM ET Company Participants Joyce Tang - IR Director Kun Dai - CEO John Lin - CFO Conference Call Participants Karl Birkenfeld - American Trust Investment Services Yin Ying - China Securities Operator Ladies and gentlemen, thank you for standing by and welcome to Uxin Earnings Call for the Fourth Quarter and Fiscal Year Ended March 31, 2022. At this time, all participants are in a listen-only mode. After management's prepared rema ...

Financial Data and Key Metrics Changes - Total transaction volume increased by 111% year-over-year to 4,879 units in Q3 2022, and grew by 33% compared to the previous quarter [6] - Retail sales volume increased by 61.3% quarter-over-quarter, while overall sales volume increased by 33.4% quarter-over-quarter [14] - Revenue reached RMB 506.65 million, representing a quarter-over-quarter growth of 46.5% and a year-over-year growth of 56.9% [16] - Gross margin was stable at 4.1%, compared to 4.2% in the previous quarter [16] - Non-GAAP adjusted loss from continuing operations was RMB 68.6 million, compared to RMB 43.2 million in the previous quarter [17] Business Line Data and Key Metrics Changes - The newly opened Hefei IRC significantly boosted retail inventory capacity, allowing for enhanced sales and operational efficiency [14] - Approximately 25% of used cars in retail inventory were procured from customers in the quarter, indicating a focus on increasing vehicle sourcing from consumers [9] Market Data and Key Metrics Changes - The company experienced disruptions in operations due to COVID-19, particularly affecting the Xi'an IRC, but the Hefei IRC's performance helped mitigate some impacts [24] - The used car market in China continues to grow, with transaction volumes exceeding 70 million units and 1 trillion RMB in value [35] Company Strategy and Development Direction - The company is committed to refining and upgrading its products and services to drive high-quality sales growth through customer reputation [8] - The omni-channel sales model integrates online and offline sales, allowing for better risk diversification and minimizing COVID-19 impacts [24] - Future expansion plans include extending the IRC network and enhancing reconditioning capabilities to strengthen competitive advantages [31][36] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by COVID-19 and the Chinese New Year holiday but expressed confidence in overcoming these obstacles [12] - The company expects total revenues for Q4 2022 to be in the range of RMB 440 million to 460 million, reflecting a slowdown in revenue growth but continued retail sales volume increase [20] Other Important Information - The company received a $10 million capital injection from strategic investors and expects to receive an additional $12.5 million soon [16] - The average selling price of vehicles is expected to decrease to around RMB 100,000 to RMB 120,000 to cater to diverse customer needs [26] Q&A Session Summary Question: Impact of COVID-related lockdown on vehicle inventory and retail sales growth for 2022 - Management noted that operations were affected by COVID-19, but the Hefei IRC's performance helped mitigate impacts, and retail sales volumes are expected to achieve solid growth for the full year [24] Question: Details on inventory turnover and average selling price trends during 2021 - The overall inventory turnover is around six days, with the average selling price currently at RMB 140,000, expected to decrease in the future [26] Question: Future expansion plans and the development of the used car market - The company plans to invest in IRCs and reconditioning centers to enhance capabilities and reduce costs, while also focusing on an omni-channel sales model [36]