Uxin Limited ADS - UXIN STOCK NEWS

Uxin Limited announces unaudited financial results for Q4 and FY2023, with retail transactions increasing by 105% YoY. China's used car market shows a 15% increase in transactions compared to the previous year. Uxin's offline superstores reshape the used car buying experience. Uxin's end-to-end digital decision-making forms a competitive advantage. Financial situation improves with debt restructuring and credit supply chain financing.

Uxin Limited (Nasdaq: UXIN) reported its unaudited financial results for Q3 2022, ending December 31, 2022. The company's total revenues fell to RMB470.5 million (US$68.2 million), a 24.0% decline from the previous quarter. Transaction volume also decreased to 4,897 units, representing a 19.1% quarter-over-quarter drop. However, the retail transaction volume rose by 76.7% year-over-year, indicating growth in retail sales despite operational challenges. The gross margin decreased to 0.6%, down from 4.1% year-over-year, while the operating loss improved to RMB96.5 million (US$14.0 million). The company aims for single-store profitability by end of 2023 amid a recovering market. Uxin has made significant efforts in optimizing its cost structure and expects to maintain a stable inventory while navigating ongoing market volatility.

Uxin Limited (Nasdaq: UXIN), a leading used car e-commerce platform in China, announced that NIO Capital has met its payment obligations, totaling $80 million, for its subscription of senior convertible preferred shares. This commitment is part of a $100 million agreement established in June 2022. Additionally, Uxin fulfilled all payment obligations under a convertible promissory note amounting to $61.6 million, initially issued in June 2019 and revised in June 2021. Uxin is focused on enhancing its market presence through superior customer experience and operational capabilities in the used car sector.

Uxin Limited (Nasdaq: UXIN), a leading used car e-commerce platform in China, has announced the rescheduling of its earnings release for Q3 FY 2023, initially set for March 31, 2023. The new release date is April 11, 2023. This delay aims to finalize arrangements that could significantly enhance the company's financial standing. Additionally, a conference call will occur on the same day at 8:00 A.M. U.S. Eastern Time to discuss these results. Uxin focuses on providing quality vehicles and excellent service through its comprehensive online platform combined with physical inspection centers.

Uxin Limited (Nasdaq: UXIN), a leading Chinese e-commerce platform for used cars, will release its unaudited financial results for Q3 FY2023, ending December 31, 2022, on March 31, 2023, before U.S. market open. A conference call will follow at 8:00 A.M. ET the same day. Participants must preregister via a provided link to receive access details. A replay of the call will be available until April 7, 2023. Uxin continues to strengthen its market position using its online platform and offline centers, aiming for superior customer service and industry leadership.

Uxin Limited (Nasdaq: UXIN) reported its Q2 financial results for the period ending September 30, 2022, revealing total revenues of RMB618.8 million (US$87.0 million), a slight decrease of 1.2% from the previous quarter but a substantial 78.9% increase year-over-year. Transaction volume rose to 6,050 units, up 10.5% sequentially and 65.8% annually. Retail transaction volume hit 3,109 units, reflecting a 29.2% quarter-over-quarter increase and 202.7% year-over-year growth. The gross margin was 1.3%, while the loss from operations reached RMB106.4 million (US$15.0 million).

Uxin Limited (UXIN) will report its unaudited financial results for Q2 FY2023, ending September 30, 2022, before U.S. markets open on December 30, 2022. A conference call will follow at 8:00 A.M. ET on the same day, allowing management to discuss the financial results. Participants need to preregister via the provided link to receive access details. A replay of the call will be available until January 6, 2023. Uxin continues to be a leader in China’s used car e-commerce market, focusing on customer-centric services and innovative technology.

Uxin Limited (Nasdaq: UXIN) has upgraded its Xi’an Inspection and Reconditioning Center (IRC) and superstore, establishing it as the largest self-owned used car marketplace in Northwest China. The new IRC, expanded to 150,000 square meters, includes a reconditioning factory with a capacity of 40,000 units annually and a superstore accommodating 3,000 vehicles. This digitized facility offers enhanced operational efficiency and various customer services at a single location, marking a significant milestone in Uxin’s strategy to lead the transformation of China's used car industry.