Core Insights - The core viewpoint of the news is that Uxin Group has demonstrated significant growth in both sales and revenue in the second quarter, showcasing the strong potential of its warehouse-style large marketplace model [1][2]. Financial Performance - In Q2, Uxin Group's total transaction volume reached 11,606 vehicles, representing a substantial year-on-year increase of 107.1% and a quarter-on-quarter increase of 40.4% [1]. - Retail transaction volume was 10,385 vehicles, with a year-on-year growth of 153.9% and a quarter-on-quarter growth of 37.6%, marking five consecutive quarters of over 140% year-on-year growth [1]. - Total revenue for Q2 was RMB 658 million, up 64.1% year-on-year and 30.6% quarter-on-quarter; retail revenue was RMB 608 million, reflecting an 87.0% year-on-year increase and a 30.5% quarter-on-quarter increase [1]. - The company's gross margin was 5.2%, down from 6.4% in the same period last year, but overall operational quality is improving [1]. - Adjusted EBITDA loss narrowed to RMB 16.5 million, a reduction of over 50% year-on-year [1]. Operational Highlights - Uxin's major marketplaces maintained stability, with inventory turnover days around 30 days, and a customer net promoter score (NPS) of 65, significantly leading the industry [2]. - The Wuhan warehouse marketplace saw a multiple increase in sales after trial operations, validating the replicability and growth potential of the "offline warehouse large marketplace + online national purchase" model [2]. - The CFO of Uxin stated that despite the traditional off-season and the opening of new marketplaces, the company achieved rapid growth in transaction volume and revenue, with significant narrowing of losses, demonstrating the resilience and profit potential of its business model [2]. Future Outlook - The founder and CEO of Uxin indicated that the expansion of the large marketplace model is progressing smoothly, with the Wuhan marketplace exceeding expectations and steadily improving profitability, becoming a new growth engine [2]. - As more city projects are launched, the company expects continued growth in sales and revenue, further solidifying its leading position in the Chinese used car market [2].

Core Viewpoint - The company reported significant growth in both retail and total transaction volumes, indicating strong operational performance and market demand [1][2]. Financial Performance - Total transaction volume reached 8,264 vehicles, a year-on-year increase of 103.6% - Total revenue amounted to RMB 504 million, reflecting a year-on-year growth of 58.0% - Retail transaction volume was 7,545 vehicles, up 142% year-on-year - Retail revenue was RMB 466 million, showing a year-on-year increase of 72.8% - Gross margin for the quarter was 7.0%, an improvement of 0.4 percentage points compared to the same period last year - Adjusted EBITDA loss narrowed to RMB 8.9 million, a reduction of 78% year-on-year [1]. Operational Highlights - Inventory turnover days for major sales venues remained around 30 days - Net Promoter Score (NPS) maintained at 65, leading the industry - The company’s brand influence and reputation in regional markets continue to strengthen due to positive customer feedback [1]. Strategic Developments - The Wuhan warehouse sales venue, launched in February, has a building area of 140,000 square meters and includes a standardized preparation factory - This venue has quickly achieved growth in both sales and inventory, serving as a new engine for the company's performance - The success of the Wuhan venue validates the company's "offline warehouse sales venue + online national purchase" model for replication in more regional markets [1]. Future Outlook - The CFO expressed confidence in the company's cost control and operational resilience, anticipating continued growth and a positive adjusted EBITDA for the year - The CEO highlighted the strategic progress in the central market with plans to open 2 to 3 new sales venues this year to further enhance brand influence and market coverage - The company expects retail transaction volume to exceed 10,000 vehicles in the second quarter, setting a new historical record [2].