Uxin(UXIN)2025-04-30 10:54Financial Performance - The fair value of down round feature triggered for the senior convertible preferred shares resulted in a deemed dividend of RMB2,060.3 million (US$285.3 million) for the fiscal year ended March 31, 2024[586]. - Provision for loan recognized as a result of payment under the guarantee amounted to RMB10.3 million (US$1.5 million) and is fully provided[584]. - Changes in expected term by one year could increase or decrease deemed dividends by approximately RMB236.4 million to RMB399.5 million for the year ended March 31, 2024[586]. Cash and Cash Equivalents - As of March 31, 2024, the company had RMB-denominated cash and cash equivalents and restricted cash of RMB17.3 million, and U.S. dollar-denominated cash balances of US$0.9 million[751]. Market Conditions and Risks - Inflation in the PRC has not materially impacted the company's results of operations, with year-over-year percent changes in the consumer price index being 1.5%, 1.8%, and -0.3% for December 2021, 2022, and 2023 respectively[752]. - The company has not been exposed to material risks due to changes in market interest rates and has not used any derivative financial instruments to manage interest risk exposure[748]. - The company does not believe it currently has any significant direct foreign exchange risk, as substantially all revenues and expenses are denominated in RMB[749]. Valuation Methods - The expected volatility of future share price was estimated based on the price volatility of shares of comparable public companies operating in similar businesses[577]. - The fair value of warrant liabilities is determined using the Black-Scholes option pricing model, which involves complex and subjective variables[576]. - The company modified the market condition of the RSU in October 2023, resulting in an increase in the fair value of the award[579].