Core Viewpoint - Uxin (UXIN.US) experienced a significant increase of nearly 11%, closing at $3.48, following the release of its third-quarter financial results, which demonstrated strong revenue growth and improved profitability metrics [1] Financial Performance - In Q3, Uxin achieved total revenue of RMB 879 million, representing a quarter-over-quarter increase of 33.6% and a year-over-year increase of 76.8% [1] - Retail vehicle sales revenue reached RMB 819 million, with a quarter-over-quarter growth of 34.8% and a year-over-year growth of 84.3%, indicating an increasing share of total revenue [1] Transaction Volume - The total transaction volume for Uxin in Q3 was 15,904 vehicles, marking a 37.0% increase from the previous quarter and a 125.7% increase year-over-year [1] - Retail transaction volume was 14,020 vehicles, with a quarter-over-quarter growth of 35.0% and a year-over-year growth of 133.5%, highlighting retail as the core driver of transaction volume growth [1] Future Projections - Uxin forecasts that by Q4 2025, retail transaction volume will be between 18,500 and 19,000 vehicles [1] - The company anticipates total revenue, including retail and wholesale vehicle sales, to be between RMB 1.15 billion and RMB 1.18 billion [1] Profitability and Business Model - The CFO of Uxin, Lin Feng, stated that the company's profitability has significantly improved, with gross margin reaching its highest level in nearly three years, and adjusted EBITDA losses substantially narrowed [1] - Key metrics validate the replicability and expansion potential of the "offline warehouse superstore + online national purchase" model [1] - The company plans to continue focusing on retail business growth and improving operational quality to drive ongoing financial performance [1] - Q4 transaction volume is expected to grow over 110% year-over-year and more than 30% quarter-over-quarter [1]

Core Insights - Uxin (UXIN.US) experienced a nearly 11% increase in stock price, reaching $3.48 following its earnings report [1] Financial Performance - In Q3, Uxin reported total revenue of RMB 879 million, a quarter-over-quarter increase of 33.6% and a year-over-year increase of 76.8% [1] - Retail vehicle sales revenue reached RMB 819 million, with a quarter-over-quarter growth of 34.8% and a year-over-year growth of 84.3%, continuing to increase its share of total revenue [1] Transaction Volume - The total transaction volume for Uxin in Q3 was 15,904 vehicles, representing a 37.0% increase from the previous quarter and a 125.7% increase year-over-year [1] - Retail transaction volume was 14,020 vehicles, with a quarter-over-quarter growth of 35.0% and a year-over-year growth of 133.5%, indicating that retail business remains the core driver of transaction volume growth [1] Future Projections - Uxin forecasts retail transaction volume to be between 18,500 and 19,000 vehicles by Q4 2025 [1] - The company expects total revenue, including retail and wholesale vehicle sales, to be between RMB 1.15 billion and RMB 1.18 billion [1] Profitability and Business Model - Uxin's CFO noted a significant enhancement in profitability, with gross margin reaching its highest level in nearly three years, and adjusted EBITDA losses substantially narrowing [1] - Key metrics validate the replicability and expansion potential of the "offline warehouse superstore + online national purchase" model [1] - The company plans to continue focusing on retail business growth and improving operational quality to drive ongoing financial performance [1] - Uxin anticipates Q4 transaction volume to grow over 110% year-over-year and more than 30% quarter-over-quarter [1]

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]

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, marking the sixth consecutive quarter of growth above 130% [4][13] - Retail revenue for the quarter totaled RMB 820 million, up 84% year-over-year and 35% quarter-over-quarter [14] - Gross margin improved to 7.5%, the highest level in the past three years, up 0.5 percentage points year-over-year and 2.3 percentage points quarter-over-quarter [16] - Adjusted EBITDA loss narrowed significantly to RMB 5.3 million, a 43% reduction year-over-year and a 68% reduction quarter-over-quarter [17] Business Line Data and Key Metrics Changes - Wholesale transaction volume was 1,884 units, representing an 81% year-over-year increase and a 54% quarter-over-quarter increase [15] - Total revenue combining retail and wholesale reached RMB 879 million, representing a 77% increase year-over-year and a 34% increase quarter-over-quarter [15] 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 opened three new superstores in 2025, and plans to open four to six additional superstores in 2026 [7] - The company aims to scale its business model nationwide through improved pricing accuracy, customer satisfaction, and operational efficiency [8][9] - The long-term target gross margin is around 10%, with existing superstores already approaching this target [25] Management 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 over 110% year-over-year growth [10][18] - The company believes that stable market conditions will support continued growth, with expectations for total revenue to exceed RMB 1.15 billion in Q4 2025 [18] Other Important Information - The company has established strategic partnerships with local governments in Tianjin, Guangzhou, and Yinchuan to jointly invest in new used car superstores [7] Q&A Session Summary Question: Sustainability of the current gross 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 due to reduced competition and improved pricing capabilities [21][22][23][25] Question: Performance of the Zhengzhou superstore compared to Wuhan - Management noted that the Zhengzhou superstore has achieved higher sales and profitability in a shorter time frame due to lessons learned from the Wuhan superstore and improved pricing capabilities [28][30][31] Question: Comparison with Carvana's model - Management highlighted differences in sales channels, with Uxin operating through both offline superstores and an online marketplace, while also noting similarities in inventory management and focus on customer satisfaction [32][33][34][36]

Exhibit 99.1 Uxin Reports Unaudited Financial Results for the Quarter Ended September 30, 2025 and Announces Entry into Definitive Agreement for Financing BEIJING, December 18, 2025 – Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced its unaudited financial results for the quarter ended September 30, 2025. Highlights for the Quarter Ended September 30, 2025 Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, commented, "In the third qua ...

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]

Core Viewpoint - Uxin Group reported significant growth in transaction volume and revenue for Q3, driven primarily by retail sales, indicating a strong operational performance and potential for future expansion [2][3]. Financial Performance - Total transaction volume reached 15,904 vehicles in Q3, a 37.0% increase quarter-over-quarter and a 125.7% increase year-over-year [2]. - Retail transaction volume was 14,020 vehicles, reflecting a 35.0% quarter-over-quarter growth and a 133.5% year-over-year increase [2]. - Total revenue for Q3 was RMB 879 million, up 33.6% from the previous quarter and up 76.8% year-over-year [2]. - Retail vehicle sales revenue was RMB 819 million, with a quarter-over-quarter increase of 34.8% and a year-over-year increase of 84.3%, contributing significantly to total revenue [2]. Profitability - Gross margin improved to 7.5% in Q3, up from 5.2% in the previous quarter, indicating enhanced operational efficiency [2]. - Adjusted EBITDA loss narrowed significantly to RMB 5.3 million, a 43% reduction year-over-year and a 68% reduction quarter-over-quarter [2]. Strategic Focus - The company aims to continue focusing on retail business growth and improving operational quality to enhance financial performance [3]. - Future transaction volume is expected to grow over 110% year-over-year and more than 30% quarter-over-quarter in Q4 [3]. Operational Insights - Inventory turnover rate is stable at approximately 30 days, and the Net Promoter Score (NPS) is at 67, maintaining a high level for six consecutive quarters [3]. - New large warehouses in Wuhan and Zhengzhou are showing strong growth, with a new location in Jinan entering trial operations [3]. - Strategic partnerships with local governments in cities like Tianjin, Guangzhou, and Yinchuan are being established to promote warehouse development [3].

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].

Group 1 - The core viewpoint of the news is that Uxin (UXIN) has shown a stock price increase of 3.2% on December 17, reaching $2.745 per share, with a total market capitalization of $566 million [1] - As of March 31, 2025, Uxin's total revenue is reported at 504 million RMB, reflecting a year-on-year growth of 25.69%, while the net profit attributable to shareholders is a loss of 53.071 million RMB, a decrease of 3.11% year-on-year [1] Group 2 - Uxin is scheduled to disclose its fiscal year 2025 interim report on September 29, with the actual disclosure date subject to company announcement [2] - Founded on December 8, 2011, Uxin has become a leading online automotive transaction service provider in China, operating multiple sub-businesses including a B2B used car trading platform and a B2C used car trading platform [2] - Uxin has developed a comprehensive service capability across the used car industry chain, covering transactions, automotive finance, logistics, after-sales support, and maintenance, thereby meeting all needs throughout the automotive lifecycle [2]