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]

Uxin Limited (NASDAQ:UXIN) Q2 2022 Earnings Conference Call December 15, 2021 8:00 AM ET Corporate Participants Joyce Tang - IR Director Kun Dai - Founder, Chief Executive Officer John Lin - Chief Financial Officer Conference Call Participants Fei Dai - TF Securities Jay Jin - China Securities Tengwei Liu - CITIC Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to Uxin's Earnings Conference Call for the Quarter Ended September 30, 2021. At this time, all participants are in a ...

Financial Data and Key Metrics Changes - In Q1 2022, total revenues reached RMB278 million, a 42% increase quarter-over-quarter and a 348% increase year-over-year [16] - Transaction volume was 3,011 units, up from 1,719 units in the previous quarter and down from 3,887 units in the same period last year [15] - Non-GAAP adjusted loss from continuing operations decreased to RMB45 million from RMB98 million in the previous quarter and RMB133 million in the same period last year [17] Business Line Data and Key Metrics Changes - Retail volume was 679 units, while wholesale volume was 2,332 units, indicating a shift towards wholesale sales due to capital constraints [15][16] - Gross margin was 4%, slightly down from 4.6% in the previous quarter but improved from a negative 28.4% in the same period last year [16] Market Data and Key Metrics Changes - The company noted that the shortage of auto chips has a short-term positive impact on the used car market, as delays in new car deliveries may lead consumers to opt for used cars instead [21] - The market for used cars in China is growing, with increasing consumer acceptance and favorable industry policies [22] Company Strategy and Development Direction - The company aims to enhance vehicle sourcing, reconditioning capacity, and offline showroom expansion to improve customer experience and sales conversion [9][10] - A strategic partnership with the Changfeng County Government aims to build a used car inspection and reconditioning plant with an investment of RMB2.5 billion, expected to produce 60,000 to 100,000 vehicles annually [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in recovering business momentum following the first tranche of new investment received in July, which has improved cash position and operational capacity [12][13] - The company expects total revenues for Q2 2022 to be in the range of RMB310 million to RMB330 million, reflecting positive operational conditions [18] Other Important Information - The company celebrated its 10th anniversary, emphasizing its commitment to providing high-quality used vehicles and services [11] - The operational model of the Xi'an IRC has matured and is ready for replication in new regions, with plans to expand into Hefei [26] Q&A Session Summary Question: Impact of auto chip shortage on used car sales - Management indicated that the chip shortage has a boosting effect on the used car industry as delays in new car deliveries may lead consumers to purchase used cars instead [21] Question: Long-term impact of EV sales on the used car industry - Management acknowledged the rapid increase in EV sales and stated that they are preparing to offer services for used EVs, indicating a proactive approach to market changes [23] Question: Future strategic focus and sales growth drivers - Management highlighted that with improved capital, they are focusing on enhancing procurement and production capacity, which will naturally lead to increased sales conversions [25]

Uxin Limited (NASDAQ:UXIN) Q4 2021 Earnings Conference Call July 30, 2021 8:00 AM ET Company Participants Eric Yuan - Investor Relations Kun Dai - Founder & Chief Executive Officer John Lin - Chief Financial Officer Conference Call Participants Eddy Wang - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by and welcome to Uxin's Earnings Conference Call for the Fourth Quarter ended March 2021. At this time, all participants are in a listen-only mode. After management’s prepared remarks, ...

Financial Performance - Total revenues for the quarter ended March 31, 2021, were RMB196.0 million (US$29.9 million), a decrease from RMB322.9 million in the previous quarter and an increase from RMB103.9 million in the same period last year[17] - Total revenues for the twelve months ended March 31, 2021, were RMB657.4 million (US$100.3 million), down from RMB1,356.1 million for the same period last year[18] - Retail vehicle sales revenue for the quarter was RMB124.6 million (US$19.0 million), with a transaction volume of 988 units, all sold from the company's own inventory[21] - Retail vehicle sales revenue for the twelve months ended March 31, 2021, was RMB463.5 million (US$70.7 million), with a retail transaction volume of 3,603 units[31] - Total revenues for the three months ended June 30, 2021, are expected to be in the range of RMB260 million to RMB280 million[49] Loss and Expenses - Non-GAAP adjusted loss from continuing operations decreased by 40% to RMB98 million (US$15 million) compared to RMB162.5 million in the previous quarter[8] - Net loss from continuing operations for the twelve months ended March 31, 2021, was RMB717.0 million (US$109.4 million), significantly reduced from RMB3,066.5 million in the previous year[18] - Total operating expenses for the three months ended March 31, 2021, were RMB124.4 million (US$19.0 million), with sales and marketing expenses decreasing by 79.9% year-over-year to RMB38.1 million (US$5.8 million)[24] - Non-GAAP adjusted loss from continuing operations for the three months ended March 31, 2021, was RMB98.0 million (US$15.0 million), significantly improved from RMB2,218.1 million in the same period last year[29] - Gross margin for the twelve months ended March 31, 2021, was negative 2.5%, compared to 52.5% for the same period in 2020[33] - Total operating expenses for the twelve months ended March 31, 2021, were RMB782.7 million (US$119.5 million), with a 67.0% year-over-year decrease in sales and marketing expenses[34][35] Operational Improvements - Gross margin improved to 4.6% for the quarter ended March 31, 2021, compared to 2.9% in the previous quarter and negative 6.6% in the same period last year[17] - The company transformed into an inventory-owning model, enhancing vehicle quality through strict inspection standards, which contributed to a net promoter score (NPS) of 42, up from 10 in June 2020[6] - The first inspection and reconditioning center (IRC) in Xi'an became operational in March 2021, aimed at improving supply chain management and operational efficiency[9] Financing and Investments - The company secured financing of up to US$315 million from NIO Capital and Joy Capital, addressing previous working capital constraints[12] - The company has entered into agreements for a total investment of up to US$315 million from NIO Capital and Joy Capital, with the first tranche completed for US$100 million[42][47] Corporate Governance - The company has made changes to its Board of Directors, appointing new directors effective July 12, 2021[48] Financial Reporting and Guidance - The company utilizes non-GAAP financial measures to assess its operating performance, excluding share-based compensation[54] - Uxin's forward-looking statements include expectations regarding market conditions and operational strategies, which are subject to risks and uncertainties[59] - The company emphasizes the importance of reviewing its financial information in its entirety, rather than relying on a single financial measure[57] - Investor relations contact information is provided for further inquiries[61] - A telephone replay of the earnings conference call will be available until August 6, 2021[52] Currency Exchange - The exchange rate used for RMB to USD conversion is RMB6.5518 to USD1.00 as of March 31, 2021[58]

Uxin Limited (NASDAQ:UXIN) Q3 2021 Earnings Conference Call April 28, 2021 8:00 AM ET Company Participants Eric Yuan - IR Kun Dai - Founder and CEO Zhen Zeng - CFO Conference Call Participants Operator Ladies and gentlemen, thank you for standing by and welcome to Uxin’s Earnings Conference Call for the Quarter Ended December 31, 2020. At this time, all participants are in a listen-only mode. And after management’s prepared remarks, there will be a Q&A session. Today’s conference call is being recorded. If ...

Uxin Limited (NASDAQ:UXIN) Q2 2021 Earnings Conference Call December 17, 2020 8:00 AM ET Company Participants Nancy Song - Investor Relations Director Kun Dai - Founder and Chief Executive Officer Zhen Zeng - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by and welcome to Uxin’s Earnings Conference Call for the Quarter Ended September 30, 2020. And at this time, all participants are in listen-only mode. And after management’s prepared remarks, the ...