Core Insights - Uxin Limited has announced a strategic partnership with Wuhan City Economic & Technological Development Zone to establish a joint venture aimed at developing a new used car super store in Wuhan City, Hubei Province [1][2] - The joint venture will see Uxin contribute RMB66.7 million, representing 66.7% of the total registered capital, while Wuhan Junshan will contribute RMB33.3 million, representing 33.3% [1] - Wuhan City is a significant automotive market in China, with a population of approximately 12 million and a GDP of around RMB2.0 trillion, and over 4 million cars [2] Company Overview - Uxin is recognized as China's leading used car retailer, focusing on industry transformation through advanced production, new retail experiences, and digital empowerment [3] - The company offers high-quality vehicles and superior after-sales services, emphasizing a customer-centric approach and a hassle-free transaction experience [3] - Uxin employs an omni-channel strategy, leveraging both online platforms and offline inspection and reconditioning centers to establish market leadership [3]

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The Chinese used car dealer is finally showing signs of a turnaround.Shares of Uxin (UXIN 48.45%), the Chinese online used-car dealer, were soaring today after the company delivered better-than-expected results in its fiscal first-quarter earnings report.As of 1:27 p.m., the stock was up 42.6% on the news. Uxin delivers strong growthUxin, which went public in 2018, has struggled for years, since before more recent challenges with the Chinese e-commerce sector and weak consumer spending in China.The company ...

Financial Data and Key Metrics - Retail sales for Q1 2025 reached 4,090 units, a 31% sequential increase and 142% year-over-year growth [4] - Total retail vehicle sales revenue was RMB325 million, a 74% year-over-year increase [10] - Average selling price (ASP) of retail vehicles decreased from RMB111,000 to RMB79,000 year-over-year [10] - Wholesale transaction volume was 1,515 units, a 3% year-over-year decline, with wholesale revenue of RMB63.9 million [11] - Gross margin remained stable at 6.4% [11] - Adjusted EBITDA loss was RMB33.9 million, a reduction of RMB5.9 million sequentially and RMB12.8 million year-over-year [11] Business Line Performance - Retail sales growth driven by increased inventory levels and improved market conditions [15] - Over 60% of vehicles acquired directly from private owners, enhancing supply chain efficiency and pricing margins [7] - Expansion of high-margin value-added services such as financing, insurance, and extended warranties [7] Market Performance - Nationwide used car sales increased by 6.4% year-over-year, indicating market recovery [9] - Inventory turnover days remained healthy at approximately 30 days, significantly faster than the industry average of 55-60 days [4][23] Strategic Direction and Industry Competition - Company plans to increase inventory levels by 2-3 times by the end of 2024 to meet growing consumer demand [6] - Strategic partnerships with local governments, including a new superstore in Zhengzhou, to expand market presence [8] - Focus on enhancing customer satisfaction, with Net Promoter Score (NPS) reaching 65, the highest in the industry for nine consecutive quarters [5] Management Commentary on Operating Environment and Future Outlook - Management expects retail transaction volume to reach 5,800-6,000 units in Q2 2025, representing over 40% sequential growth [12] - Adjusted EBITDA loss is anticipated to narrow to under RMB10 million in Q2 2025, with positive adjusted EBITDA expected in Q3 2025 [12] - Secured a $7.5 million financing agreement with Dida to support inventory expansion and future growth [12] Other Important Information - Company achieved a significant reduction in fixed monthly expenses compared to the same period last year [18] - New superstores in other regions will be supported by local government investment and internal capital [18] Q&A Session Summary Question: Factors driving strong retail sales growth and sustainability - Three key factors: recovery in the used car market, improved brand presence and service capabilities, and proactive inventory expansion [15] - Sales growth expected to remain strong, with inventory planned to increase by 1-2 times by year-end [16] Question: Financial management plans and cash position - Operating cash flow has improved, and new investments secured to enhance liquidity [17] - Primary focus on increasing retail inventory, with inventory levels steadily rising to fuel sales growth [17] - Additional financing plans in progress to support future business expansion [18] Question: Observations on market conditions and consumer demand for used cars - Price wars in the new car market have eased, leading to a rebound in used car demand [22] - Lower vehicle prices have opened up a broader market, with consumers increasingly viewing used cars as a high-value option [22]

BEIJING, Sept. 23, 2024 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced its unaudited financial results for the first quarter ended June 30, 2024.Highlights for the Quarter Ended June 30, 2024Transaction volume was 5,605 units for the three months ended June 30, 2024, an increase of 38.1% from 4,058 units in the last quarter and an increase of 72.2% from 3,254 units in the same period last year.Retail transaction volume was 4,090 unit ...

BEIJING, Sept. 18, 2024 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced that it will release its unaudited financial results for the first quarter of fiscal year 2025 ended June 30, 2024, before the U.S. market opens on September 23, 2024.Uxin's management team will host a conference call on Monday, September 23, 2024, at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong time on the same day) to discuss the financial results. I ...

BEIJING, Sept. 13, 2024 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company", together with its subsidiaries, the "Group") (Nasdaq: UXIN), China's leading used car retailer, today announced that it has entered into a memorandum of understanding ("MOU") with Pintu (Beijing) Information Technology Co., Ltd. ( the "Investor"), an indirect wholly-owned subsidiary of Dida Inc. (HKEX: 2559), on September 12, 2024 with respect to a proposed investment in the Company by the Investor (the "Proposed Investment").Pur ...

Uxin Limited (NASDAQ:UXIN) Q4 2024 Results Conference Call July 31, 2024 8:00 AM ET Company Participants Jack Wang - IR, Blue Shirt Group Kun Dai - Chairman and CEO John Lin - CFO Conference Call Participants Fei Dai - Tianfeng Securities Operator Ladies and gentlemen, thank you for standing by and welcome to the Uxin Limited Fourth Quarter and Fiscal Year 2024 Earnings Conference Call. [Operator Instructions] Today's conference call is being recorded. If you have any objections, you may disconnect at this ...

BEIJING, July 31, 2024 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced its unaudited financial results for the fourth quarter and fiscal year ended March 31, 2024.Dear Shareholders,First and foremost, on behalf of Uxin, I would like to extend our heartfelt gratitude for your unwavering support and trust. It is my pleasure to share with you the remarkable business progress we have made over the past fiscal year, as well as our strategi ...

BEIJING, July 25, 2024 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced that it will release its financial results for the fourth quarter and fiscal year 2024 ended March 31, 2024, before the U.S. market opens on July 31, 2024.Uxin's management team will host a conference call on Wednesday, July 31, 2024, at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong time on the same day) to discuss the financial results. In advance of th ...