UXIN

This article first appeared on GuruFocus. Retail Transaction Volume: 16,530 units, a 119% year-over-year increase. Retail Vehicle Sales Revenue: RMB1.01 billion, up 118% year-over-year. Average Selling Price (ASP) of Retail Vehicles: RMB61,000. Wholesale Transaction Volume: 1,681 units, a 134% year-over-year increase. Total Wholesale Revenue: RMB27.9 million. Total Revenue: RMB1.074 billion, up 113% year-over-year. Gross Margin: 7%, a 0.2 percentage point increase from the prior quarter. Adjusted EBITDA Loss: RMB34.3 million, compared with RMB27.2 million in the previous quarter. Number of Superstores: Six nationwide, with the Tianjin Superstore commencing operations in March. Warning! GuruFocus has detected 4 Warning Signs with UXIN. Is UXIN fairly valued? Test your thesis with our free DCF calculator. Release Date: June 16, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Retail transaction volume reached 16,530 units, marking a 119% year-over-year increase. Gross margin remained stable at 7.7%, consistent with the previous quarter. Net promoter score improved to 68, maintaining a high industry ranking. The Tianjin Superstore commenced operations, expanding the company's footprint in North China. Strategic partnerships with municipal governments in Chengqing and Shizajuang were announced to enhance superstore operations. The Chinese auto market experienced a slowdown, with new vehicle sales declining by 20% year-over-year. Used car prices saw significant adjustments, with mainstream ICE vehicle prices dropping by 10% to 15%. Adjusted EBITDA loss increased to RMB34.3 million, up from RMB27.2 million in the previous quarter. Newly opened superstores operate at lower gross margins compared to mature locations. The company faces short-term pressure on profitability due to declining vehicle prices. Q: Why did new and used car prices start to decline in the second quarter rather than the first quarter, and how will this affect gross margins? A: Feng Lin, Chief Financial Officer: The decline in new and used car prices began in April due to a 35% drop in ICE vehicle sales. This has pressured gross margins across the used car industry. We are prioritizing healthy inventory turnover over short-term gross margin optimization. If ICE vehicle prices continue to decline, gross margins will remain under pressure, but we expect improvement in the third quarter as new car prices stabilize. Q: How does the operating performance of newly opened superstores compare with the Xi'an superstore when it first opened? A: Feng Lin, Chief Financial Officer: The Xi'an Superstore, opened in December 2022, has matured with a peak monthly retail transaction volume of 2,700 units and profitability. New superstores like Wuhan and Zhengzhou have shorter ramp-up periods, achieving significant sales growth quickly, demonstrating that our model is scalable and replicable across different cities. Q: Could you provide more details on your store opening plans for this year, and would you consider slowing down if market conditions do not improve? A: Kun Dai, Chairman of the Board & Chief Executive Officer: We plan to open four to six new superstores in 2026, with projects in Tianjin, Chongqing, Shijiazhuang, Yinchuan, Wuxi, and Guangzhou. Despite market volatility, we will not change our long-term strategy of nationwide expansion. However, we may adjust the pace of new store openings based on market conditions, prioritizing cash efficiency and inventory turnover. Q: Are you seeing a similar trend in used car sales as the growing divergence between ICE vehicles and NEVs in the new car segment? A: Kun Dai, Chairman of the Board & Chief Executive Officer: While NEV sales have declined less severely than ICE vehicles, the used car market has not seen a significant increase in NEV share due to their low ownership percentage. The used car market is driven by pricing, and current market corrections indicate a maturing auto market in China. Q: How do you plan to manage the impact of market volatility on your expansion strategy? A: Ali Wong, Investor Relations: We will remain flexible and disciplined in execution, focusing on cash efficiency, inventory turnover, and store-level operating quality. Our expansion plan to open four to six new superstores this year remains unchanged, and we aim for over 100% year-over-year growth in retail transaction volume for 2026. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

BEIJING, June 16, 2026 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced its unaudited financial results for the quarter ended March 31, 2026. Highlights for the Quarter Ended March 31, 2026 Transaction volume was 18,211 units for the three months ended March 31, 2026, representing a decrease of 15.8% from 21,634 units in the last quarter and an increase of 120.4% from 8,264 units in the same period last year. Retail transaction volume was 16,530 units, representing a decrease of 13.7% from 19,160 units in the last quarter and an increase of 119.1% from 7,545 units in the same period last year. Total revenues were RMB1,073.7 million (US$155.6 million) for the three months ended March 31, 2026, representing a decrease of 10.4% from RMB1,197.9 million in the last quarter and an increase of 112.9% from RMB504.2 million in the same period last year. Gross margin was 7.0% for the three months ended March 31, 2026, compared with 6.8% in the last quarter and 7.0% in the same period last year. Loss from operations was RMB66.6 million (US$9.7 million) for the three months ended March 31, 2026, compared with RMB58.7 million in the last quarter and RMB35.3 million in the same period last year. Non-GAAP adjusted EBITDA[1] was a loss of RMB34.3 million (US$5.0 million), compared with a loss of RMB27.2 million in the last quarter and a loss of RMB8.9 million in the same period last year. Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, commented, "In the first quarter of 2026, despite the seasonal impact of the Chinese New Year holiday, our retail transaction volume still reached 16,530 units, up 119% year over year, marking the eighth consecutive quarter of year-over-year growth above 110%. We also maintained a high quality of growth across our business. Our inventory turnover days for vehicles available for sale remained stable at approximately 30 days, gross margin stayed stable, and our net promoter score (NPS) further improved to 68, and customer satisfaction and brand reputation remain at industry-leading levels." Mr. Dai continued, "In March, our Tianjin Superstore commenced operations, bringing the number of superstores in operation to six. With the continued ramp-up of our existing superstores and the planned opening of additional superstores, we remain confident in achieving retail transaction volume growth of more than 100% year over year for full-year 2026." Mr. Feng Lin, Chief Financial Officer of Uxin, stated, "In the first quarter of 2026, retail transaction volume and revenue experienced a normal sequential decline due to the Chinese New Year holiday season, while our overall business achieved a strong year-over-year growth. Total revenue reached RMB1.07 billion, up 113% year over year. In particular, our retail vehicle sales revenue was RMB1.01 billion, representing a 118% increase year over year. Gross margin was 7.0%, an improvement of 0.2% from the prior quarter. The non-GAAP adjusted EBITDA loss was RMB34.3 million for the first quarter, primarily reflecting the upfront investments associated with the ramp-up of new superstores and the continued build-out of our superstore teams. As our existing superstores continue to mature, we expect the operating leverage to improve over time, supporting continued growth in both revenue and profitability." Financial Results for the Quarter Ended March 31, 2026 Total revenues were RMB1,073.7 million (US$155.6 million) for the three months ended March 31, 2026, representing a decrease of 10.4% from RMB1,197.9 million in the last quarter and an increase of 112.9% from RMB504.2 million in the same period last year. The quarter-over-quarter decrease was mainly due to the decrease in retail vehicle sales revenue. The year-over-year increase was mainly due to the increase in retail vehicle sales revenue. Retail vehicle sales revenue was RMB1,015.0 million (US$147.1 million) for the three months ended March 31, 2026, representing a decrease of 10.1% from RMB1,129.0 million in the last quarter and an increase of 118.0% from RMB465.5 million in the same period last year. For the three months ended March 31, 2026, retail transaction volume was 16,530 units, representing a decrease of 13.7% from 19,160 units last quarter and an increase of 119.1% from 7,545 units in the same period last year. The quarter-over-quarter decrease in retail vehicle sales revenue was mainly due to the decrease in retail transaction volume resulting from seasonality. The Chinese New Year holiday lasted from February 15 to 23 in 2026, which is the traditional used car off-season. The year-over-year increase was mainly due to the increase in retail transaction volume by 119.1%, the rapid growth in sales volume was primarily driven by the Company's new superstores in Wuhan, Zhengzhou and Jinan, which commenced trial operations in February, September and December 2025, respectively. Additionally, our established superstores in Xi'an and Hefei continued to deliver robust growth. Wholesale vehicle sales revenue was RMB27.9 million (US$4.0 million) for the three months ended March 31, 2026, compared with RMB38.2 million in the last quarter and RMB22.5 million in the same period last year. For the three months ended March 31, 2026, wholesale transaction volume was 1,681 units, representing a decrease of 32.1% from 2,474 units last quarter and an increase of 133.8% from 719 units in the same period last year. Wholesale vehicle sales represent vehicles purchased by the Company from individuals that do not meet the Company's retail standards and are subsequently sold through online and offline channels. Other revenue was RMB30.8 million (US$4.5 million) for the three months ended March 31, 2026, compared with RMB30.7 million in the last quarter and RMB16.2 million in the same period last year. Cost of revenues was RMB998.6 million (US$144.8 million) for the three months ended March 31, 2026, compared with RMB1,117.0 million in the last quarter and RMB468.9 million in the same period last year. Gross margin was 7.0% for the three months ended March 31, 2026, compared with 6.8% in the last quarter and 7.0% in the same period last year. The Company's gross margin remained relatively stable. Total operating expenses were RMB142.1 million (US$20.6 million) for the three months ended March 31, 2026. Total operating expenses excluding the impact of share-based compensation were RMB132.6 million. Sales and marketing expenses were RMB115.8 million (US$16.8 million) for the three months ended March 31, 2026, representing a decrease of 5.3% from RMB122.3 million in the last quarter and an increase of 87.6% from RMB61.7 million in the same period last year. The quarter-over-quarter decrease was mainly due to the decreased salaries for the sales teams. The year-over-year increase was mainly due to the increased employee compensation for the sales teams as a result of the increase in headcount. General and administrative expenses were RMB23.4 million (US$3.4 million) for the three months ended March 31, 2026, representing an increase of 2.7% from RMB22.8 million in the last quarter and an increase of 27.5% from RMB18.3 million in the same period last year. The year-over-year increase was mainly due to the increased employee compensation as a result of the increase in superstores. Research and development expenses were RMB2.9 million (US$0.4 million) for the three months ended March 31, 2026, representing a decrease of 12.2% from RMB3.3 million in the last quarter and an increase of 1.0% from RMB2.9 million in the same period last year. The quarter-over-quarter decrease was mainly due to the impact of share-based compensation expenses. Other operating income, net was RMB0.5 million (US$0.1 million) for the three months ended March 31, 2026, compared with RMB8.8 million for the last quarter and RMB11.9 million in the same period last year. The decrease was mainly due to the decline of gains from derecognition of certain long-aged liabilities. Loss from operations was RMB66.6 million (US$9.7 million) for the three months ended March 31, 2026, compared with RMB58.7 million in the last quarter and RMB35.3 million in the same period last year. Interest expenses were RMB23.9 million (US$3.5 million) for the three months ended March 31, 2026, compared with RMB24.7 million in the last quarter and RMB22.5 million in the same period last year. Net loss from operations was net loss of RMB91.6 million (US$13.3 million) for the three months ended March 31, 2026, compared with net loss of RMB82.8 million in the last quarter and net loss of RMB51.4 million in the same period last year. Non-GAAP adjusted EBITDA was a loss of RMB34.3 million (US$5.0 million) for the three months ended March 31, 2026, compared with a loss of RMB27.2 million in the last quarter and a loss of RMB8.9 million in the same period last year. Liquidity The Company has incurred net losses since inception. For the quarter ended March 31, 2026, the Company incurred net loss of RMB91.6 million. As of March 31, 2026, the Company had accumulated deficit in the amount of RMB20.0 billion, its current liabilities exceeded current assets by approximately RMB156.1 million, the Company's cash balance was RMB47.4 million. Based on the Company's liquidity assessment, which considers the plans to address these adverse conditions and events, including raising funds from planned equity and loan financings, growing vehicle sales volume and revenue by increasing the scale of vehicle purchase while maintaining vehicle inventory and working capital turnover by managing reasonable vehicle sale prices, improving gross profit margin by promoting value-added services offered to customers, and also adjusting its operation scale if and when necessary, the Company believes that its current cash and cash equivalents and the cash flows from operating and financing activities are sufficient for the Company to meet its anticipated working capital requirements, other capital commitments and the Company will be able to meet its payment obligations when liabilities fall due within the next twelve months from the date of this release. Recent Development Strategic Partnership with Shijiazhuang State-Owned Enterprise The Company has entered into an equity investment agreement with Hebei Chengying Investment Promotion Operation Co., Ltd. ("Hebei Chengying") to establish a subsidiary of the Company. Pursuant to the equity agreement, Uxin (Anhui) Industrial Investment Group Co., Ltd., a wholly owned subsidiary of the Company, will contribute RMB30.0 million, and Hebei Chengying will contribute RMB10.0 million, representing approximately 75% and 25% of the subsidiary's total registered capital, respectively. Chongqing Used Car Superstore Project On May 21, 2026, Uxin announced the launch of a new used car superstore project in Chongqing. The project will integrate a large-scale used car reconditioning facility with a one-stop retail experience, featuring a total capacity of more than 5,000 vehicles for display and sale. The superstore is expected to begin operations in 2026 and further strengthen Uxin's strategic presence in southwestern China. Business Outlook For the three months ended June 30, 2026, the Company expects its retail transaction volume to range between 18,000 units and 19,000 units. The Company estimates that its total revenues including retail vehicle sales revenue, wholesale vehicle sales revenue and other revenue to range between RMB1,050 million and RMB1,100 million. These forecasts reflect the Company's current and preliminary views on the market and operational conditions, which are subject to changes. Conference Call Uxin's management team will host a conference call Tuesday, June 16, 2026, 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 the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this conference including an event passcode, a unique access PIN, dial-in numbers, and an e-mail with detailed instructions to join the conference call. Conference Call Preregistration：https://dpregister.com/sreg/10209737/1042ec49cec A telephone replay of the call will be available after the conclusion of the conference call until June 23, 2026. The dial-in details for the replay are as follows: A live webcast and archive of the conference call will be available on the Investor Relations section of Uxin's website at http://ir.xin.com. About Uxin Uxin is China's leading used car retailer, pioneering industry transformation with advanced production, new retail experiences, and digital empowerment. We offer high-quality and value-for-money vehicles as well as superior after-sales services through a reliable, one-stop, and hassle-free transaction experience. Under our omni-channel strategy, we are able to leverage our pioneering online platform to serve customers nationwide and establish market leadership in selected regions through offline superstores with inventory capacities ranging from 2,000 to 8,000 vehicles. Leveraging our extensive industry data and continuous technology innovation throughout more than ten years of operation, we have established strong used car management and operation capabilities. We are committed to upholding our customer-centric approach and driving the healthy development of China's used car industry. Use of Non-GAAP Financial Measures In evaluating the business, the Company considers and uses certain non-GAAP measures, including Adjusted EBITDA and adjusted net loss from operations per share – basic and diluted, as supplemental measures to review and assess its operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines Adjusted EBITDA as EBITDA excluding share-based compensation, foreign exchange (losses)/gain, other income/(expenses), structure realignment cost which was mainly severance cost and equity in income of affiliates. The Company defines adjusted net loss attributable to ordinary shareholders per share – basic and diluted as net loss attributable to ordinary shareholders per share excluding impact of share-based compensation, deemed dividend to preferred shareholders due to triggering of a down round feature and accretion on redeemable non-controlling interests. The Company presents the non-GAAP financial measures because they are used by the management to evaluate the operating performance and formulate business plans. The Company also believes that the use of the non-GAAP measures facilitate investors' assessment of its operating performance as this measure excludes certain finance or non-cash items that the Company does not believe directly reflect its core operations. The Company believe that excluding these items enables us to evaluate our performance period-over-period more effectively and relative to our competitors. The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using Adjusted EBITDA is that it does not reflect all items of income and expenses that affect the Company's operations. Share-based compensation, other income/(expenses) and foreign exchange (losses)/gain have been and may continue to be incurred in the business. Further, the non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company's performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure. Reconciliations of Uxin's non-GAAP financial measures to the most comparable U.S. GAAP measure are included at the end of this press release. Exchange Rate Information This announcement contains translations of certain RMB amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader, except for those transaction amounts that were actually settled in U.S. dollars. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB6.8980 to US$1.00, representing the index rate as of March 31, 2026 set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Uxin's strategic and operational plans, contain forward-looking statements. Uxin may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Uxin's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Uxin's goal and strategies; its expansion plans; its future business development, financial condition and results of operations; Uxin's expectations regarding demand for, and market acceptance of, its products and services; its ability to provide differentiated and superior customer experience, maintain and enhance customer trust in its platform, and assess and mitigate various risks, including credit; its expectations regarding maintaining and expanding its relationships with business partners, including financing partners; trends and competition in China's used car e-commerce industry and other related industries; the laws and regulations relating to Uxin's industry; the general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Uxin's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Uxin does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media enquiries, please contact: Uxin Limited Investor RelationsUxin LimitedEmail: [email protected] The Blueshirt GroupMr. Jack WangPhone: +86 166-0115-0429Email: [email protected] View original content:https://www.prnewswire.com/news-releases/uxin-reports-unaudited-financial-results-for-the-quarter-ended-march-31-2026-302801230.html

Interested in Uxin Limited Sponsored ADR? Here are five stocks we like better. Uxin’s retail used-car business kept growing quickly, with Q1 retail transaction volume rising 119% year over year to 16,530 units. Revenue also more than doubled, and management said customer satisfaction and inventory turnover remained strong. Profitability faces near-term pressure as China’s auto market volatility and sharp used-car price cuts squeeze margins. Management said second-quarter gross margin will likely come under greater pressure, though it expects improvement in Q3 if price declines stabilize. The company is continuing its superstore expansion, opening its sixth location in Tianjin and targeting four to six new superstores in 2026. Uxin reaffirmed full-year guidance for more than 100% retail transaction growth and expects Q2 retail volume of 18,000 to 19,000 units. Uxin (NASDAQ:UXIN) reported continued rapid growth in retail used-car transactions for the quarter ended March 31, 2026, while management warned that sharp price adjustments in China’s auto market are pressuring near-term margins. Founder and CEO DK said retail transaction volume reached 16,530 units in the first quarter, up 119% year over year, despite the seasonal impact of the Chinese New Year holiday. He said it marked the eighth consecutive quarter in which Uxin’s retail transaction volume increased by more than 110% from the prior-year period. → Viasat's Orbiting Profits: Space Force Jackpot? DK said the company maintained inventory turnover at about 30 days and that its Net Promoter Score improved to 68 during the quarter, remaining above 65. He said Uxin’s customer satisfaction level continues to rank among the highest in the industry. CFO John Winn said retail vehicle sales revenue totaled CNY 1.01 billion, up 118% year over year and down 10% sequentially. He attributed the year-over-year revenue increase primarily to higher retail transaction volume. The average selling price for retail vehicles was CNY 61,000, compared with CNY 59,000 in the previous quarter and CNY 62,000 in the same period last year. → Meta to Follow Alphabet's Footsteps? What an Equity Raise Could Mean Wholesale transaction volume was 1,681 units in the first quarter, up 134% year over year and down 32% from the prior quarter. Wholesale revenue was CNY 27.9 million. Total revenue, including retail and wholesale, reached CNY 1.074 billion, up 113% year over year and down 10% sequentially. Winn said gross margin for the quarter was 7%, compared with 6.8% in the prior quarter and 7% a year earlier. He said newly opened superstores generally have lower gross margins than mature locations, but the larger contribution from mature superstores helped keep overall gross margin stable. → Oil Could Dip, But These 3 Energy Stocks Still Look Built to Win Adjusted EBITDA loss was CNY 34.3 million, compared with a loss of CNY 27.2 million in the previous quarter. Winn said the sequential increase was mainly due to the Chinese New Year’s seasonal effect on sales volume. Compared with the same period last year, adjusted EBITDA loss increased by about CNY 25 million, which he attributed to newly opened superstores still being in early ramp-up stages and upfront staffing investments to support expansion. DK said China’s auto market has slowed since the start of 2026. He said cumulative new vehicle sales declined 20% year over year during the first five months, with internal combustion engine vehicle sales under greater pressure. In April and May, new ICE vehicle sales fell by more than 35% year over year, according to DK. He said used-car prices also adjusted significantly beginning in April, with prices of mainstream used ICE vehicles falling 10% to 15% within one to two months. DK said such market conditions raise the requirements for used-car retailers in pricing, inventory turnover, capital efficiency and risk management. Despite the pressure on profitability, DK said China’s used-car market recorded a 2% increase in transaction volume during the first five months of the year, outperforming the new-vehicle market. He said consumer acceptance of used cars continues to improve and that lower residual values for ICE vehicles could make used cars more attractive to buyers seeking value. In response to a question from Deutsche Bank’s Bin Wang about why price declines became more visible in the second quarter, Winn said the first-quarter used-car sales environment was broadly in line with expectations, while the sharper pressure appeared after ICE vehicle sales fell significantly in April and May. He said Uxin would prioritize healthy inventory turnover over short-term gross margin optimization, meaning second-quarter gross margin would face “greater pressure.” Winn added that new-car prices appeared to have stabilized since early June and that inventory affected by earlier price volatility was being gradually cleared. He said Uxin expects gross margin to improve meaningfully in the third quarter and potentially return to normal levels, provided ICE vehicle prices do not continue to fall significantly. DK said Uxin’s Tianjin superstore officially began operations in March, becoming the company’s first project in North China. He said the location can accommodate more than 3,000 vehicles for display and sales. With Tianjin, Uxin now operates six superstores nationwide. The company has also announced strategic partnerships with local governments in Chongqing and Shijiazhuang to jointly invest in and operate used-car superstores. During the question-and-answer session, DK said Uxin expects to open four to six new superstores in 2026. He said announced projects include Chongqing, Shijiazhuang, Yinchuan, Wuxi and Guangzhou, with some approaching trial operations and others in facility preparation, team building and inventory sourcing stages. DK said Uxin would not change its long-term nationwide expansion strategy because of short-term market volatility, but it would remain flexible in execution. If market conditions remain difficult, he said the company may take a more conservative approach to new store openings, inventory ramp-up and operating expenses, while prioritizing cash efficiency, inventory turnover and store-level operating quality. In response to a question from SWS Research’s Wenjie Dai, Winn said Uxin’s Xi’an superstore, which opened in December 2022, has reached a more mature stage. He said its monthly retail transaction volume peaked at 2,700 units last year, representing roughly 25% local market share, and that it has achieved store-level profitability. Winn said newer superstores are ramping faster than earlier locations. He said Wuhan, which opened in March 2025, exceeded 1,000 monthly retail transactions within about six months, while Zhengzhou, opened in September 2025, reached that level in about four months. He attributed the faster ramp to more mature procurement, pricing and inventory systems, standardized operations, stronger brand recognition and improved site selection. For the second quarter of 2026, Winn said Uxin expects retail transaction volume of 18,000 to 19,000 units, representing year-over-year growth of 73% to 83%. Total revenue is expected to range from CNY 1.05 billion to CNY 1.1 billion. DK reaffirmed the company’s target of achieving more than 100% year-over-year growth in retail transaction volume for full-year 2026. Responding to a question from CMS’s Xing Xing Li about differences between ICE vehicles and new-energy vehicles, DK said China’s passenger vehicle sales fell nearly 22% year over year in May, with ICE vehicle sales down 39% and NEV sales down 7.5%. He said NEV retail penetration exceeded 60%, but Uxin has not seen a meaningful increase in the share of NEVs in the used-car market because NEVs still account for less than 15% of China’s total vehicle ownership. DK said the current market correction represents a reset in residual values. He said the residual value of a three-year-old used vehicle in China, measured against current new-vehicle prices, has fallen from roughly 68% to 72% to about 58% to 60%, bringing it closer to levels in mature markets such as the United States, Europe and Japan. Uxin Limited is a China-based online and offline used car e-commerce platform that connects vehicle buyers and sellers through an integrated digital marketplace. Headquartered in Beijing, the company operates a network of physical used-car malls alongside its proprietary online platform, enabling customers to browse, inspect and purchase pre-owned vehicles with transparency and convenience. The company's core business activities encompass sourcing, quality assurance and distribution of used vehicles. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Uxin Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for June 2026.

BEIJING, June 9, 2026 /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 first quarter 2026 ended March 31, 2026, before the U.S. market opens on June 16, 2026. Uxin's management team will host a conference call on Tuesday, June 16, 2026, 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 the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this conference including an event passcode, a unique access PIN, dial-in numbers, and an e-mail with detailed instructions to join the conference call. Conference Call Preregistration: https://dpregister.com/sreg/10209737/1042ec49cec A telephone replay of the call will be available after the conclusion of the conference call until June 23, 2026. The dial-in details for the replay are as follows: A live webcast and archive of the conference call will be available on the Investor Relations section of Uxin's website at http://ir.xin.com/. About Uxin Uxin is China's leading used car retailer, pioneering industry transformation with advanced production, new retail experiences, and digital empowerment. We offer high-quality and value-for-money vehicles as well as superior after-sales services through a reliable, one-stop, and hassle-free transaction experience. Under our omni-channel strategy, we are able to leverage our pioneering online platform to serve customers nationwide and establish market leadership in selected regions through offline inspection and reconditioning centers. Leveraging our extensive industry data and continuous technology innovation throughout more than ten years of operation, we have established strong used car management and operation capabilities. We are committed to upholding our customer-centric approach and driving the healthy development of the used car industry. For investor and media enquiries, please contact:Uxin Limited Investor RelationsUxin LimitedEmail: [email protected] The Blueshirt GroupMr. Jack WangPhone: +86 166-0115-0429Email: [email protected] View original content:https://www.prnewswire.com/news-releases/uxin-to-report-first-quarter-2026-financial-results-on-june-16-2026-302795101.html

Uxin posted rapid retail growth with 51,110 units in 2025 (+135% YoY) and 19,160 units in Q4 (+124% YoY), while expanding its superstore footprint (five stores at end‑2025, Tianjin opened March 2026) and targeting 4–6 new superstores in 2026 to exceed 10 by year‑end as it pursues a long‑term opportunity across >200 cities and an estimated >3 million annual retail market. Margins were pressured by promotional pricing and early ramp costs at new stores—Q4 gross margin fell to 6.8% with an adjusted EBITDA loss of RMB 27.2m—but full‑year gross margin held at 6.7% and adjusted EBITDA loss narrowed 28% YoY, and management expects gross margin to recover to above 7% as new stores mature over 6–9 months. For Q1 2026 Uxin guided retail volume of 16,200–16,500 units (>110% YoY) and revenue of RMB 1.05–1.07 billion, and expects ASP to trend higher (above RMB 61,000) with revenue growth outpacing transaction growth in 2026. Interested in Uxin Limited Sponsored ADR? Here are five stocks we like better. Uxin (NASDAQ:UXIN) highlighted rapid growth in retail used-car transactions and continued expansion of its “superstore” footprint during its earnings call for the fourth quarter and full-year ended Dec. 31, 2025. Founder and CEO Dai Kun and CFO John Lin also discussed margin dynamics tied to new store ramp-ups and provided first-quarter 2026 guidance. In prepared remarks, Dai described China’s used-car market as still relatively early in its development despite a large installed base of vehicles. Management said China’s vehicle ownership has approached 370 million units and that used-car transaction volume exceeded 20 million units in 2025 for the first time, representing about 5.5% of total vehicle ownership. Dai contrasted that with 10% to 15% levels typical of more mature markets, suggesting significant runway if China’s penetration rate rises. → This New ETF Aims to Capitalize on Surging AI Memory Chip Demand Dai said consumers are increasingly focused on transparency in vehicle condition, fair pricing, professional service, and reliable after-sales support. He positioned Uxin’s strategy as a “modern retail approach” that uses self-operated reconditioning factories to support vehicle quality, paired with offline superstores and an online marketplace to offer a one-stop purchasing experience and after-sales services. Uxin reported full-year 2025 retail transaction volume of 51,110 units, up 135% year-over-year, which management said marked the second consecutive year of more than 130% growth. Total revenue for 2025 was RMB 3.24 billion, up 79% year-over-year, while Dai added that inventory turnover days for vehicles available for sale remained stable at about 30 days as the company scaled. → 5 Space Stocks Already Climbing Ahead of the SpaceX IPO On the footprint, Dai said Uxin expanded beyond its earlier superstores in Hefei and Xi’an, opening three new superstores in Wuhan, Zhengzhou, and Jinan during 2025. He said mature superstores in Xi’an and Hefei each achieved over 20% market share in their respective cities, and he described Wuhan as the first replicated store after the model was validated, with stronger sales growth and profitability than earlier superstores at the same stage. He added that Zhengzhou and Jinan further improved upon Wuhan’s performance. Dai also outlined capabilities he said support the model, including a pricing system built on a growing dataset of “real transaction data” from self-operated used-car sales, as well as an “integrated factory warehousing retail” model where superstores are supported by reconditioning factories. He said the company has expanded into full-lifecycle services including financing, insurance, extended warranties, accessories, and repair and maintenance. → GPU Prices Are Surging—3 Ways to Play the AI Chip Shortage Dai cited a Net Promoter Score of 67 and said landmark superstores help build customer trust through in-store service, vehicle display, and experience design. Lin said fourth-quarter 2025 retail transaction volume reached 19,160 units, up 37% sequentially and 124% year-over-year. He compared that to approximately 6% year-over-year growth for the overall China used-car market during the same period. Retail revenue in the quarter was RMB 1.129 billion, up 38% sequentially and 104% year-over-year, according to Lin. He said retail average selling price (ASP) declined to RMB 59,000 from RMB 65,000 in the prior-year quarter, reflecting a shift toward a more affordable inventory mix, but increased slightly from RMB 58,000 in the prior quarter. Lin said the company believed pricing had “stabilized at a rational level” and expected ASP to remain relatively steady in the near term. On wholesale activity, Lin said Uxin sold 2,474 units in the fourth quarter, up 31% sequentially and 180% year-over-year, generating wholesale revenue of RMB 38.2 million. Total fourth-quarter revenue, combining retail and wholesale, was RMB 1.198 billion, up 36% sequentially and 101% year-over-year. Gross margin in the fourth quarter was 6.8%, down from 7.5% in the prior quarter. Lin attributed the sequential decline primarily to promotional activity in the new-car market that pressured used-car profitability, as well as the early-stage ramp of newly opened superstores in Zhengzhou (opened in September) and Jinan (opened in December). Operating expenses rose due to initial ramp-up investments in staffing and infrastructure at new superstores, and Lin reported an adjusted EBITDA loss of RMB 27.2 million for the quarter. For full-year 2025, Lin reported retail revenue of RMB 3.021 billion and said total revenue was RMB 3.24 billion. He reported full-year gross margin of 6.7%, which he said was stable versus the prior year, as improving profitability at mature superstores offset lower margins during the ramp-up of new locations. Lin said SG&A and R&D expenses totaled RMB 450 million, or 13.9% of total revenue, improving from 24.3% the prior year, which he attributed to cost control and operating leverage. Adjusted EBITDA loss for the full year was RMB 57.9 million, narrowing 28% year-over-year, and adjusted EBITDA margin improved to negative 1.8%, an improvement of 2.7 percentage points from last year. For the first quarter of 2026, Lin said Uxin expected retail transaction volume of 16,200 to 16,500 units, representing year-over-year growth of over 110%, with total revenue of RMB 1.05 billion to RMB 1.07 billion. He noted the first quarter is typically seasonally soft due to the Chinese New Year holiday. In response to an analyst question on gross margin and ASP trends, Lin said fourth-quarter gross margin was pressured by competitive pricing at new stores during early ramp-up and the time required to increase penetration of value-added services. He said it generally takes about six to nine months for new stores to reach the gross margin levels of mature stores. Lin added that, based on first-quarter 2026 operating data, the company had already seen “meaningful improvement” in gross margins at Zhengzhou and Jinan, and that overall gross margin had begun to recover from the fourth quarter, with an expectation it would return to above 7%. On pricing, Lin cited data from the China Automobile Dealers Association indicating the national average used-car transaction price began to recover in the fourth quarter of 2025, and he said Uxin saw a similar trend. Lin said Uxin’s retail ASP increased sequentially for two consecutive quarters to RMB 59,000 in the fourth quarter and expected ASP to exceed RMB 61,000 in the first quarter of 2026. He also said factors including rising raw material costs, the phase-out of purchase tax incentives and government subsidies, and regulatory guidance aimed at reducing excessive price competition could contribute to more stable new-car pricing in 2026, which he said would support used-car prices. Lin said the company expected retail ASP to show a stable-to-upward trend in 2026 versus 2025, and he said revenue growth was expected to outpace transaction volume growth given expectations for more than 100% year-over-year volume growth. Dai reiterated expansion goals for 2026. He said Uxin had five superstores in operation at the end of 2025 and opened a new superstore in Tianjin in March 2026. He said the company planned to open four to six superstores in 2026 and aimed to have more than 10 stores in operation by the end of the year. Discussing longer-term potential, Dai said the company evaluates store opportunity based on city vehicle ownership and targeted market share, and he outlined a framework in which cities with higher vehicle ownership could support larger inventory levels. He said that, over the long run, Uxin believes there are more than 200 cities across China where it could potentially operate, supporting annual retail transaction volume of more than three million units. Asked about customer acquisition for new superstores, Lin said early traffic typically comes from three channels: existing brand awareness and user traffic on the Uxin app in a new city; marketing and PR campaigns around store openings, including collaborations with local governments and local media support; and partnerships with vertical automotive platforms and media to capture third-party leads. Lin said that as stores mature, walk-in traffic and referrals increase, and customer acquisition costs decline as more traffic is generated organically through product, service quality, and customer experience. Uxin Limited is a China-based online and offline used car e-commerce platform that connects vehicle buyers and sellers through an integrated digital marketplace. Headquartered in Beijing, the company operates a network of physical used-car malls alongside its proprietary online platform, enabling customers to browse, inspect and purchase pre-owned vehicles with transparency and convenience. The company's core business activities encompass sourcing, quality assurance and distribution of used vehicles. The article "Uxin Q4 Earnings Call Highlights" was originally published by MarketBeat.

This article first appeared on GuruFocus. Retail Transaction Volume (Q4 2025): 19,160 units, up 37% sequentially and 124% year over year. Total Retail Revenue (Q4 2025): RMB1.129 billion, up 38% sequentially and 104% year over year. Average Selling Price (ASP) for Retail Vehicles (Q4 2025): RMB59,000, down from RMB65,000 year over year. Wholesale Units Sold (Q4 2025): 2,474 units, up 31% sequentially and 180% year over year. Wholesale Revenue (Q4 2025): RMB38.2 million. Total Revenue (Q4 2025): RMB1.198 billion, up 36% sequentially and 101% year over year. Gross Margin (Q4 2025): 6.8%, down from 7.5% in the previous quarter. Adjusted EBITDA Loss (Q4 2025): RMB27.2 million. Full-Year Retail Transaction Volume (2025): 51,110 units, up 135% year over year. Full-Year Retail Revenue (2025): RMB3.021 billion, up 19% year over year. Total Revenue (2025): RMB3.24 billion, up 79% year over year. Gross Margin (Full Year 2025): 6.7%, stable compared to last year. SG&A and R&D Expenses (2025): RMB450 million, 13.9% of total revenue, down from 24.3% last year. Adjusted EBITDA Loss (2025): RMB57.9 million, narrowing by 28% year over year. Adjusted EBITDA Margin (2025): -1.8%, improved by 2.7 percentage points from last year. Outlook for Q1 2026: Retail transaction volume expected between 16,200 and 16,500 units; total revenue expected between RMB1.05 billion and RMB1.07 billion. Warning! GuruFocus has detected 3 Warning Signs with UXIN. Is UXIN fairly valued? Test your thesis with our free DCF calculator. Release Date: April 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Uxin Ltd (NASDAQ:UXIN) achieved a 135% year-over-year increase in full-year retail transaction volume, marking the second consecutive year of over 130% growth. Total revenues for 2025 reached RMB3.24 billion, representing a 79% increase year over year. The company successfully opened three new superstores in Wuhan, Zhengzhou, and Jinan, expanding its nationwide presence. Uxin Ltd (NASDAQ:UXIN) maintained stable inventory turnover days at approximately 30 days, despite scaling up inventory and sales. The company's Net Promoter Score reached 67, indicating high customer satisfaction and strong brand reputation. Gross margin for the fourth quarter of 2025 was 6.8%, down from 7.5% in the previous quarter, due to promotional activities in the new car market and the ramp-up of new superstores. Operating expenses increased due to the initial ramp-up of new superstores, impacting profitability. The average selling price (ASP) for retail vehicles decreased from RMB65,000 to RMB59,000 year over year, reflecting a shift towards a more affordable inventory mix. Adjusted EBITDA loss for the full year was RMB57.9 million, although it narrowed by 28% year over year. The company faces intense price competition in the new car market, which poses challenges for the used car industry. Q: The company delivered strong growth in sales volume and revenue. Can management provide insights on changes in gross margin and expectations for 2026, especially with plans to open new superstores? A: Gross margin declined in Q4 due to the ramp-up of new superstores, which initially adopt competitive pricing strategies. It takes about six to nine months for new stores to reach mature gross margin levels. We expect gross margin to recover to above 7% in 2026. Regarding ASP, we see stabilization and expect it to trend upwards, supporting revenue growth outpacing transaction volume growth. Feng Lin, CFO Q: How should we think about customer acquisition channels for new superstores compared to mature stores? A: Customer acquisition for new superstores comes from three channels: leveraging existing brand awareness and online traffic, marketing and PR campaigns with local government support, and partnerships with vertical automotive platforms. As stores mature, walk-in traffic and referrals increase, reducing customer acquisition costs. Kun Dai, CEO Q: Could management share insights on the long-term store expansion potential across China? A: We plan to open four to six superstores in 2026, aiming for over 10 stores by year-end. China's large vehicle ownership supports our expansion, with over 200 cities potentially suitable for superstores. We estimate annual retail transaction volume could exceed 3 million units in the long run. Kun Dai, CEO Q: What are the expectations for ASP trends in 2026? A: The national average transaction price of used cars has started to recover. Our retail ASP increased sequentially, and we expect it to exceed RMB61,000 in Q1 2026. Stable new car pricing will support used car prices, leading to a stable to upward trend in ASP for 2026. Feng Lin, CFO Q: How do you plan to maintain competitive pricing and profitability in the used car market? A: We leverage our advanced pricing capabilities and real transaction data to maintain competitive pricing. Our digital systems allow real-time market response, improving vehicle-level profitability and inventory turnover efficiency. Kun Dai, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript.

BEIJING, April 10, 2026 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced its unaudited financial results for the quarter and full year ended December 31, 2025. Dear Shareholders, On behalf of Uxin Limited, I would like to express my sincere gratitude for your continued interest and support. It is my pleasure to share with you our key achievements over the past year, along with our insights into the business and outlook for the future. China's vehicle ownership has approached 370 million units, forming a large and growing base that continues to unlock significant potential for vehicle recirculation. In 2025, used car transaction volume in China exceeded 20 million units for the first time, accounting for approximately 5.5% of total vehicle ownership, well below the 10% to 15% level typically seen in more mature markets. As this percentage rises toward that level, annual used car transaction volume could reach 35 million to 50 million units based on current vehicle ownership alone. Consumer expectations for products, services and overall experience in the used car industry continue to rise. We have observed that consumers are no longer satisfied with availability alone and increasingly value transparency in vehicle condition, fair pricing, professional service, and reliable after-sales support. We believe that in this trillion-RMB market, which remains at an early stage of development, those who can systematically address these pain points will be well positioned to lead the transformation and upgrading of China's used car industry. Against this backdrop, Uxin is redefining used car transactions through a modern retail approach. We leverage our advanced self-operated reconditioning factories to ensure vehicle quality and provide one-stop purchasing experience and comprehensive after-sales support through our offline superstores and online marketplace. As a result, buying and selling used cars could become as simple, transparent, and trustworthy as purchasing standardized retail products. In 2025, despite continued intense price competition in the new car market, which created challenges for the used car industry, our business maintained strong growth momentum. Our full-year retail transaction volume reached 51,110 units, up 135% year over year, marking the second consecutive year of more than 130% growth. Total revenues reached RMB3.24 billion, representing a 79% increase year over year. Meanwhile, as both inventory and sales continued to scale up, our inventory turnover days for vehicles available for sale remained stable at approximately 30 days. During the year, we also began large-scale replication and nationwide expansion of our superstore model. Building on our existing superstores in Hefei and Xi'an, we opened three new superstores in Wuhan, Zhengzhou and Jinan, establishing a scalable operating system that can be replicated across regions. Our mature superstores in Xi'an and Hefei continued to ramp up, each achieving over 20% market share in their respective cities. Wuhan, as the first replicated superstore after our model had been validated, delivered stronger sales growth and profitability than our earlier superstores at the same stage. Zhengzhou and Jinan superstores further improved upon Wuhan's performance. These achievements are supported by core capabilities that we have built over time and continue to strengthen. First, our pricing capability continues to evolve. We have accumulated the industry's largest set of real transaction data from our self-operated used car sales, and this data continues to grow, roughly doubling each year. This enables our pricing model to become increasingly precise. Our digital systems respond rapidly to market changes, allowing us to maintain real-time pricing competitiveness on both sourcing and sales. As a result, we are well positioned to navigate industry volatility and systematically improve vehicle-level profitability while sustaining high inventory turnover efficiency. Second, we have built an innovative integrated factory-warehousing-retail business model. Each of our superstores is supported by a used car reconditioning factory, forming China's largest, most advanced and most efficient supply system for high-quality used vehicles. We have established scalable advantages over traditional dealers in quality control, reconditioning efficiency and cost optimization. Leveraging the reconditioning capabilities at our self-operated factories, we have expanded the used car service value chain and are able to provide full lifecycle vehicle services, including financing, insurance, extended warranties, accessories, and repair and maintenance services, similar to those offered by new car dealers. Compared with traditional used car dealers that primarily offer financing services, our revenue streams are more diversified, with greater potential for profitability improvement. Meanwhile, most of our superstores carry inventory of more than 2,000 vehicles and serve as a landmark used car retail destination in its local market. Landmark superstores help build customer trust. Through our in-store service, vehicle display and experience design, customers can enjoy a professional, transparent, and trustworthy retail experience at our superstores. Our Net Promoter Score has reached 67, and customer satisfaction and brand reputation remain at industry-leading levels. We believe that our sales conversion efficiency, together with our ability to generate organic traffic through strong word-of-mouth, provides us with significant advantages over traditional used car dealers. We clearly see that Uxin is advancing rapidly along a validated and continuously strengthening development path. Looking ahead to 2026, we will continue to increase inventory and sales across our existing five superstores, and we plan to open a number of new superstores during the year, further strengthening our nationwide network. Based on these plans, we expect both our full-year retail transaction volume in 2026 and total revenues to grow by more than 100%. The modernization of China's used car industry has only just begun, and Uxin is positioned to benefit from a significant market opportunity. We also recognize that truly sustainable growth is not simply about speed, but is built on the coordinated improvement of scalability, operational efficiency and customer value. We will remain focused on delivering better products and more professional services to our customers, while driving higher standards for solutions across the industry and creating long-term value for our shareholders. Kun Dai Chairman and Chief Executive Officer of Uxin Highlights for the Quarter Ended December 31, 2025 Transaction volume was 21,634 units for the three months ended December 31, 2025, an increase of 36.0% from 15,904 units in the last quarter and an increase of 129.2% from 9,439 units in the same period last year. Retail transaction volume was 19,160 units for the three months ended December 31, 2025, an increase of 36.7% from 14,020 units in the last quarter and an increase of 124.0% from 8,554 units in the same period last year. Total revenues were RMB1,197.9 million (US$171.3 million) for the three months ended December 31, 2025, an increase of 36.2% from RMB879.3 million in the last quarter and an increase of 100.7% from RMB596.8 million in the same period last year. Gross margin was 6.8% for the three months ended December 31, 2025, compared with 7.5% in the last quarter and 7.0% in the same period last year. Loss from operations was RMB58.7 million (US$8.4 million) for the three months ended December 31, 2025, compared with RMB36.5 million in the last quarter and RMB73.4 million in the same period last year. Non-GAAP adjusted EBITDA[1] was a loss of RMB27.2 million (US$3.9 million) for the three months ended December 31, 2025, compared with a loss of RMB5.3 million in the last quarter and a gain of RMB2.0 million in the same period last year. Highlights for the Full Year Ended December 31, 2025 Transaction volume was 57,408 units for the full year ended December 31, 2025, an increase of 119.6% from 26,148 units in the prior year. Retail transaction volume was 51,110 units for the full year ended December 31, 2025, an increase of 134.7% from 21,773 units in the prior year. Total revenues were RMB3,239.7 million (US$463.3 million) for the full year ended December 31, 2025, an increase of 78.6% from RMB1,814.4 million in the prior year. Gross margin was 6.7% for the full year ended December 31, 2025, compared with 6.8% in the prior year. Loss from operations was RMB173.6 million (US$24.8 million) for the full year ended December 31, 2025, compared with RMB284.4 million in the prior year. Non-GAAP adjusted EBITDA was a loss of RMB57.9 million (US$8.3 million) for the full year ended December 31, 2025, compared with RMB80.8 million in the prior year. Mr. Feng Lin, Chief Financial Officer of Uxin, stated: "Our financial performance this quarter continued to demonstrate strong momentum. In the fourth quarter, our retail transaction volume reached 19,160 units, representing a 124% year-over-year increase, while total revenue reached RMB1.198 billion, up 101% year over year. For the full year of 2025, retail transaction volume reached 51,110 units, representing a 135% year-over-year increase, and total revenue reached RMB3.24 billion, up 79% year over year. This strong performance reflects high-quality growth driven by the continued replication of our superstore model, sustained inventory turnover efficiency, and ongoing improvements in our operating capabilities. As promotional activities in China's new-car market intensified in December, and as newly opened superstores typically operate at lower margins in their early stages, our gross margin and non-GAAP adjusted EBITDA were under pressure during the quarter. We view these as normal short-term fluctuations that do not affect our overall growth trajectory. Looking ahead, with inventory and sales continuing to ramp up at our existing superstores and additional superstores coming into operation, we aim to grow both our retail transaction volume and total revenue by more than 100% in 2026." Financial Results for the Quarter Ended December 31, 2025 Total revenues were RMB1,197.9 million (US$171.3 million) for the three months ended December 31, 2025, representing an increase of 36.2% from RMB879.3 million in the last quarter and an increase of 100.7% from RMB596.8 million in the same period last year. The increases were mainly due to the increase in retail vehicle sales revenue. Retail vehicle sales revenue was RMB1,129.0 million (US$161.4 million) for the three months ended December 31, 2025, representing an increase of 37.8% from RMB819.1 million in the last quarter and an increase of 104.1% from RMB553.1 million in the same period last year. For the three months ended December 31, 2025, retail transaction volume was 19,160 units, representing an increase of 36.7% from 14,020 units last quarter and an increase of 124.0% from 8,554 units in the same period last year. The increases in retail vehicle sales revenue were mainly due to the increase in retail transaction volume. By offering quality products and services, the Company believes that its superstores have earned customer trust and established Uxin as the well-recognized brand in the regional markets where these superstores are located, leading to a high in-store customer conversion rate. Our established superstores in Xi'an and Hefei continued to deliver robust growth. Additionally, the rapid growth in sales volume was primarily driven by the Company's new superstores in Wuhan, Zhengzhou and Jinan, which commenced trial operations in February, September and December 2025, respectively. The Wuhan superstore continued to achieve strong sales growth, and the Zhengzhou superstore recorded rapid growth in both inventory levels and sales volume, while the Jinan superstore is ramping up its initial sales momentum. Wholesale vehicle sales revenue was RMB38.2 million (US$5.5 million) for the three months ended December 31, 2025, compared with RMB33.2 million in the last quarter and RMB25.5 million in the same period last year. For the three months ended December 31, 2025, wholesale transaction volume was 2,474 units, representing an increase of 31.3% from 1,884 units last quarter and an increase of 179.5% from 885 units in the same period last year. Wholesale vehicle sales represent vehicles purchased by the Company from individuals that do not meet the Company's retail standards and are subsequently sold through online and offline channels. Other revenue was RMB30.7 million (US$4.4 million) for the three months ended December 31, 2025, compared with RMB27.0 million in the last quarter and RMB18.2 million in the same period last year. Cost of revenues was RMB1,117.0 million (US$159.7 million) for the three months ended December 31, 2025, compared with RMB813.3 million in the last quarter and RMB554.9 million in the same period last year. Gross margin was 6.8% for the three months ended December 31, 2025, compared with 7.5% in the last quarter and 7.0% in the same period last year. The Company's gross margin remained stable year-over-year. The quarter-over-quarter slight decrease was primarily due to two reasons: firstly, market volatility and elevated year-end promotions in the new car market for inventory clearance pressured used vehicle margins; secondly, our new superstores were still in the initial operating stage. The Zhengzhou superstore commenced trial operations on September 27, 2025 and is still in a gross profit ramp-up phase, while the Jinan superstore just opened on December 17, 2025. Total operating expenses were RMB148.4 million (US$21.2 million) for the three months ended December 31, 2025. Total operating expenses excluding the impact of share-based compensation were RMB137.7 million. Sales and marketing expenses were RMB122.3 million (US$17.5 million) for the three months ended December 31, 2025, representing an increase of 34.1% from RMB91.2 million in the last quarter and an increase of 98.0% from RMB61.8 million in the same period last year. The increase was mainly due to the increased employee compensation for the sales teams as a result of the increase in headcount. General and administrative expenses were RMB22.8 million (US$3.3 million) for the three months ended December 31, 2025, representing a decrease of 21.9% from RMB29.1 million in the last quarter and a decrease of 67.2% from RMB69.3 million in the same period last year. The quarter-over-quarter decrease was mainly due to the decline in professional fees in relation to certain transactions in the fourth quarter of 2025. The year-over-year decrease was mainly due to the impact of share-based compensation expenses. Research and development expenses were RMB3.3 million (US$0.5 million) for the three months ended December 31, 2025, representing an increase of 7.9% from RMB3.1 million in the last quarter and representing an increase of 39.2% from RMB2.4 million in the same period last year. The year-over-year increase was mainly due to the impact of share-based compensation expenses. Other operating income, net was RMB8.8 million (US$1.3 million) for the three months ended December 31, 2025, compared with RMB21.0 million for the last quarter and RMB18.1 million in the same period last year. The decrease was mainly due to the decrease of gains from derecognition of certain long-aged liabilities. Loss from operations was RMB58.7 million (US$8.4 million) for the three months ended December 31, 2025, compared with RMB36.5 million in the last quarter and RMB73.4 million in the same period last year. Interest expenses were RMB24.7 million (US$3.5 million) for the three months ended December 31, 2025, compared with RMB24.1 million in the last quarter and RMB22.1 million in the same period last year. Net loss from operations was net loss of RMB82.8 million (US$11.8 million) for the three months ended December 31, 2025, compared with net loss of RMB60.7 million in the last quarter and net loss of RMB90.3 million in the same period last year. Non-GAAP adjusted EBITDA was a loss of RMB27.2 million (US$3.9 million) for the three months ended December 31, 2025, compared with a loss of RMB5.3 million in the last quarter and a gain of RMB2.0 million in the same period last year. Financial Results for the Full Year Ended December 31, 2025 Total revenues were RMB3,239.7 million (US$463.3 million) for the full year ended December 31, 2025, an increase of 78.6% from RMB1,814.4 million in the prior year. The increase was mainly due to the increase in retail vehicle sales revenue. Retail vehicle sales revenue was RMB3,021.2 million (US$432.0 million) for the full year ended December 31, 2025, representing an increase of 89.8% from RMB1,591.9 million in the prior year. For the full year ended December 31, 2025, retail transaction volume was 51,110 units, an increase of 134.7% from 21,773 units in the prior year. The increase in retail vehicle sales revenue was mainly due to the increase in retail transaction volume. By offering quality products and services, the Company believes that its superstores have earned customer trust and established Uxin as the well-recognized brand in the regional markets where these superstores are located, leading to a high in-store customer conversion rate. Additionally, the Company's new superstores in Wuhan, Zhengzhou and Jinan, which commenced trial operations in February, September and December 2025, respectively, are also important growth drivers. Wholesale vehicle sales revenue was RMB123.9 million (US$17.7 million) for the full year ended December 31, 2025, compared with RMB167.0 million in the prior year. For the full year ended December 31, 2025, wholesale transaction volume was 6,298 units, representing an increase of 44.0% from 4,375 units in the prior year. Wholesale vehicle sales represent vehicles purchased by the Company from individuals that do not meet the Company's retail standards and are subsequently sold through online and offline channels. Other revenue was RMB94.6 million (US$13.6 million) for the full year ended December 31, 2025, compared with RMB55.5 million in the prior year. Cost of revenues was RMB3,023.3 million (US$432.3 million) for the full year ended December 31, 2025, compared with RMB1,690.9 million in the prior year. Gross margin was 6.7% for the full year ended December 31, 2025, remaining stable compared with 6.8% in the prior year. Total operating expenses were RMB451.0 million (US$64.5 million) for the full year ended December 31, 2025. Total operating expenses excluding the impact of share-based compensation were RMB406.5 million. Sales and marketing expenses were RMB349.4 million (US$50.0 million) for the full year ended December 31, 2025, representing an increase of 53.2% from RMB228.0 million in the prior year. The increases were mainly due to the increased employee compensation for the sales teams as a result of the increase in headcount. General and administrative expenses were RMB89.7 million (US$12.8 million) for the full year ended December 31, 2025, representing a decrease of 54.9% from RMB198.9 million in the prior year. The decrease was mainly due to a decrease in share-based compensation for personnel performing general and administrative functions. Research and development expenses were RMB12.4 million (US$1.8 million) for the full year ended December 31, 2025, representing a decrease of 12.4% from RMB14.2 million in the prior year. The decrease was mainly due to a decrease of the salaries and benefits expenses of employees engaged in research and development as a result of the decrease in headcount. Other operating income, net was RMB61.1 million (US$8.7 million) for the full year ended December 31, 2025, compared with RMB32.6 million in the prior year. The increase was mainly due to gains from derecognition of certain long-aged liabilities. Loss from operations was RMB173.6 million (US$24.8 million) for the full year ended December 31, 2025, compared with RMB284.4 million in the prior year. Interest expenses were RMB94.5 million (US$13.5 million) for the full year ended December 31, 2025, representing an increase of 1.5% from RMB93.0 million in the prior year. Net loss from operations was RMB262.5 million (US$37.5 million) for the full year ended December 31, 2025, compared with a net loss of RMB342.1 million in the prior year. Non-GAAP adjusted EBITDA was a loss of RMB57.9 million (US$8.3 million) for the full year ended December 31, 2025, compared with a loss of RMB80.8 million in the prior year. Liquidity The Company has incurred net losses since inception. For the year ended December 31, 2025, the Company incurred net loss of RMB262.5 million and operating cash outflow of RMB504.4 million. As of December 31, 2025, the Company had accumulated deficit in the amount of RMB19.9 billion, its current liabilities exceeded current assets by approximately RMB233.0 million, the Company's cash balance was RMB83.0 million. Based on the Company's liquidity assessment, which considers the plans to address these adverse conditions and events, including raising funds from planned equity and loan financings, growing vehicle sales volume and revenue by increasing the scale of vehicle purchase while maintaining vehicle inventory and working capital turnover by managing reasonable vehicle sale prices, improving gross profit margin by promoting value-added services offered to customers, and also adjusting its operation scale if and when necessary, the Company believes that its current cash and cash equivalents and the cash flows from operating and financing activities are sufficient for the Company to meet its anticipated working capital requirements, other capital commitments and the Company will be able to meet its payment obligations when liabilities fall due within the next twelve months from the date of this release. Update on Equity Financing Transactions The Company has made progress on its previously disclosed equity financing transactions. Specifically, with respect to the subscription by Abundant Grace Investment Limited ("Grace"), as disclosed in the Company's announcement dated December 18, 2025, the Company has completed the issuance of all Class A ordinary shares contemplated thereunder and has received US$7.0 million in subscription proceeds. The Company currently expects to receive the remaining US$3.0 million consideration in the next few months. Additionally, with respect to the share subscription agreements with Abundant Glory Investment L.P. ("Glory"), an affiliate of NIO Capital and Prestige Shine Group Limited, as disclosed in the Company's announcement issued on December 26, 2025, which provide for an aggregate consideration of US$50.0 million, the Company has partially completed the transaction. Pursuant to the share subscription agreement, Glory has designated Gold Wings Holdings Limited as the subscriber for a portion of its investment, and the Company has issued 1,049,317,943 Class A ordinary shares to Gold Wings Holdings Limited for an aggregate consideration of US$10.0 million, which has been fully received. The closing of the remaining portion of the transaction is subject to customary closing conditions. Recent Development Strategic Partnership with State-Owned Enterprises in Jiangyin The Company has established a strategic partnership with Jiangyin Huigang Qihang Investment Partnership ("Huigang Qihang") and Jiangyin Chan Fa Ke Chuang Investment Partnership (Limited Partnership) ("Chan Fa Ke Chuang") to establish Uxin (Jiangyin) Intelligent Remanufacturing Co., Ltd. (the "Uxin Jiangyin"). Pursuant to the equity investment agreement, Uxin (Anhui) Industrial Investment Co., Ltd., a wholly owned subsidiary of the Company, will contribute RMB68.0 million, Huigang Qihang will contribute RMB16.0 million, and Chan Fa Ke Chuang will contribute RMB16.0 million, representing approximately 68%, 16%, and 16% of Uxin Jiangyin's total registered capital, respectively. Uxin Tianjin Used Car Superstore On March 31, 2026, Uxin announced the official opening of its used car superstore in the city of Tianjin. The Tianjin superstore marks Uxin's sixth superstore and integrates an in-house reconditioning facility with a showroom that can accommodate more than 3,000 vehicles for display and sale, supporting a highly standardized and efficient retail experience. Business Outlook For the three months ending March 31, 2026, the Company expects its retail transaction volume to range between 16,200 units and 16,500 units. The Company estimates that its total revenues including retail vehicle sales revenue, wholesale vehicle sales revenue and other revenue to range between RMB1,050 million and RMB1,070 million. These forecasts reflect the Company's current and preliminary views on the market and operational conditions, which are subject to changes. Conference Call Uxin's management team will host a conference call on Friday, April 10, 2026, 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 the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this conference including an event passcode, a unique access PIN, dial-in numbers, and an e-mail with detailed instructions to join the conference call. Conference Call Preregistration：https://dpregister.com/sreg/10208025/103bb8e12f9 A telephone replay of the call will be available after the conclusion of the conference call until April 17, 2026. The dial-in details for the replay are as follows: U.S.: +1 855 669 9658 International: +1 412 317 0088 Replay PIN: 9596914 A live webcast and archive of the conference call will be available on the Investor Relations section of Uxin's website at http://ir.xin.com. About Uxin Uxin is China's leading used car retailer, pioneering industry transformation with advanced production, new retail experiences, and digital empowerment. We offer high-quality and value-for-money vehicles as well as superior after-sales services through a reliable, one-stop, and hassle-free transaction experience. Under our omni-channel strategy, we are able to leverage our pioneering online platform to serve customers nationwide and establish market leadership in selected regions through offline superstores with inventory capacities ranging from 2,000 to 8,000 vehicles. Leveraging our extensive industry data and continuous technology innovation throughout more than ten years of operation, we have established strong used car management and operation capabilities. We are committed to upholding our customer-centric approach and driving the healthy development of China's used car industry. Use of Non-GAAP Financial Measures In evaluating the business, the Company considers and uses certain non-GAAP measures, including Adjusted EBITDA and adjusted net loss from operations per share – basic and diluted, as supplemental measures to review and assess its operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines Adjusted EBITDA as EBITDA excluding share-based compensation, foreign exchange (losses)/gain, other income/(expenses), structure realignment cost which was mainly severance cost and equity in income of affiliates. The Company defines adjusted net loss attributable to ordinary shareholders per share – basic and diluted as net loss attributable to ordinary shareholders per share excluding impact of share-based compensation, deemed dividend to preferred shareholders due to triggering of a down round feature and accretion on redeemable non-controlling interests. The Company presents the non-GAAP financial measures because they are used by the management to evaluate the operating performance and formulate business plans. The Company also believes that the use of the non-GAAP measures facilitate investors' assessment of its operating performance as this measure excludes certain finance or non-cash items that the Company does not believe directly reflect its core operations. The Company believe that excluding these items enables us to evaluate our performance period-over-period more effectively and relative to our competitors. The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using Adjusted EBITDA is that it does not reflect all items of income and expenses that affect the Company's operations. Share-based compensation, other income/(expenses) and foreign exchange (losses)/gain have been and may continue to be incurred in the business. Further, the non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company's performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure. Reconciliations of Uxin's non-GAAP financial measures to the most comparable U.S. GAAP measure are included at the end of this press release. Exchange Rate Information This announcement contains translations of certain RMB amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader, except for those transaction amounts that were actually settled in U.S. dollars. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB6.9931 to US$1.00, representing the index rate as of December 31, 2025 set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Uxin's strategic and operational plans, contain forward-looking statements. Uxin may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Uxin's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Uxin's goal and strategies; its expansion plans; its future business development, financial condition and results of operations; Uxin's expectations regarding demand for, and market acceptance of, its products and services; its ability to provide differentiated and superior customer experience, maintain and enhance customer trust in its platform, and assess and mitigate various risks, including credit; its expectations regarding maintaining and expanding its relationships with business partners, including financing partners; trends and competition in China's used car e-commerce industry and other related industries; the laws and regulations relating to Uxin's industry; the general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Uxin's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Uxin does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media enquiries, please contact: Uxin Limited Investor Relations Uxin Limited Email: [email protected] The Blueshirt Group Mr. Jack Wang Phone: +86 166-0115-0429 Email: [email protected] View original content:https://www.prnewswire.com/news-releases/uxin-reports-unaudited-financial-results-for-the-quarter-and-full-year-ended-december-31-2025-302739037.html

BEIJING, April 6, 2026 /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 full year 2025 ended December 31, 2025, before the U.S. market opens on April 10, 2026. Uxin's management team will host a conference call on Friday, April 10, 2026, 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 the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this conference including an event passcode, a unique access PIN, dial-in numbers, and an e-mail with detailed instructions to join the conference call. Conference Call Preregistration: https://dpregister.com/sreg/10208025/103bb8e12f9 A telephone replay of the call will be available after the conclusion of the conference call until April 17, 2026. The dial-in details for the replay are as follows: A live webcast and archive of the conference call will be available on the Investor Relations section of Uxin's website at http://ir.xin.com/. About Uxin Uxin is China's leading used car retailer, pioneering industry transformation with advanced production, new retail experiences, and digital empowerment. We offer high-quality and value-for-money vehicles as well as superior after-sales services through a reliable, one-stop, and hassle-free transaction experience. Under our omni-channel strategy, we are able to leverage our pioneering online platform to serve customers nationwide and establish market leadership in selected regions through offline inspection and reconditioning centers. Leveraging our extensive industry data and continuous technology innovation throughout more than ten years of operation, we have established strong used car management and operation capabilities. We are committed to upholding our customer-centric approach and driving the healthy development of the used car industry. For investor and media enquiries, please contact: Uxin Limited Investor Relations Uxin Limited Email: [email protected] The Blueshirt Group Mr. Jack Wang Phone: +86 166-0115-0429 Email: [email protected] View original content:https://www.prnewswire.com/news-releases/uxin-to-report-fourth-quarter-and-full-year-2025-financial-results-on-april-10-2026-302733590.html

This article first appeared on GuruFocus. Retail Transaction Volume: 14,020 units, a 134% increase year over year and a 35% increase quarter over quarter. Retail Revenue: RMB820 million, up 84% year over year and 35% quarter over quarter. Average Selling Price (ASP): RMB58,000, compared to RMB59,000 in the prior quarter and RMB74,000 in the same period last year. Wholesale Transaction Volume: 1,884 units, an 81% increase year over year and a 54% increase quarter over quarter. Total Revenue: RMB879 million, a 77% increase year over year and a 34% increase quarter over quarter. Gross Margin: 7.5%, up from 7% a year ago and 5.2% in the prior quarter. Net Loss: RMB5.3 million, a 43% reduction year over year and a 68% reduction quarter over quarter. Guidance for Q4 2025: Retail transaction volume expected to exceed 18,500 units, with total revenue expected to exceed RMB1.15 billion. Warning! GuruFocus has detected 3 Warning Signs with UXIN. Is UXIN fairly valued? Test your thesis with our free DCF calculator. Release Date: December 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Retail transaction volume reached 14,020 units, marking the 6th consecutive quarter of year-over-year growth above 130%. Inventory turnover remained efficient at around 30 days despite significant expansion. Customer satisfaction is industry-leading, with a net promoter score of 67 for six consecutive quarters. Gross margin improved to 7.5%, the highest level in the past three years. Expansion of the superstore network is progressing smoothly, with three new superstores opened in 2025. Average selling price (ASP) for retail vehicles decreased to 58,000 RMB from 74,000 RMB in the same period last year. Despite growth, the company still reported a net loss of RMB5.3 million for the quarter. The wholesale transaction volume remains relatively low at 1,884 units. The company faces challenges in maintaining stable vehicle prices due to market competition. New superstores take approximately 9 months to reach break-even, indicating a significant ramp-up period. Q: Congratulations on achieving a gross margin of 7.5% this quarter, a three-year high. How does management view the sustainability of this margin level, and what factors could drive further improvements? A: (Feng Lin, CFO) This quarter's gross margin of 7.5% is a new high since transitioning to the self-operated model. Two main drivers are the stabilization of new car pricing, which supports used car profitability, and improved profitability at our Wuhan superstore. Looking ahead, we see room for further margin extension due to stable vehicle prices and improved pricing capabilities. Our long-term target gross margin is around 10%. Q: Following the opening of the Zhengzhou superstore, sales and profitability ramped up faster than in Wuhan. What initiatives drove this performance, and how long do you expect new superstores to reach stable operations? A: (Feng Lin, CFO) Zhengzhou's superstore benefited from lessons learned in Wuhan, leading to smoother operations. Our pricing system has adapted well to the Zhengzhou market, supporting strong early profitability. We expect new superstores to break even in about 9 months and reach planned capacity in 18 to 24 months. Q: Could management comment on the key similarities and differences between Carvana's model and Uxin's? A: (Feng Lin, CFO) The main difference is the sales channel; Carvana sells online, while Uxin operates both offline superstores and an online marketplace. Both companies focus on precise pricing and customer satisfaction. Carvana's annual retail volume is around 500,000 units, while Uxin's is about 50,000 units. We aim to reach Carvana's sales volume within 4 to 5 years. Q: What are the expectations for retail transaction volume and revenue growth in the coming quarters? A: (Feng Lin, CFO) For the fourth quarter, we expect retail transaction volume to exceed 18,500 units, representing over 110% year-over-year growth. Total revenue is expected to exceed RMB1.15 billion. For the full year 2025, we anticipate retail transaction volume to surpass 50,000 units, reflecting over 130% year-over-year growth. Q: How does Uxin plan to expand its superstore network, and what are the strategic goals for 2026? A: (Kun Dai, CEO) We plan to open 4 to 6 additional superstores in 2026, marking a phase of accelerated expansion. Strategic partnerships with local governments in Tianjin, Guangzhou, and other regions will support this growth. These projects are designed to support a capacity of more than 3,000 vehicles each, strengthening our long-term growth foundation. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

BEIJING, Dec. 18, 2025 /PRNewswire/ -- 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 Transaction volume was 15,904 units for the three months ended September 30, 2025, an increase of 37.0% from 11,606 units in the last quarter and an increase of 125.7% from 7,046 units in the same period last year. Retail transaction volume was 14,020 units for the three months ended September 30, 2025, an increase of 35.0% from 10,385 units in the last quarter and an increase of 133.5% from 6,005 units in the same period last year. Total revenues were RMB879.3 million (US$123.5 million) for the three months ended September 30, 2025, an increase of 33.6% from RMB658.3 million in the last quarter and an increase of 76.8% from RMB497.2 million in the same period last year. Gross margin was 7.5% for the three months ended September 30, 2025, compared with 5.2% in the last quarter and 7.0% in the same period last year. Loss from operations was RMB36.5 million (US$5.1 million) for the three months ended September 30, 2025, compared with RMB43.1 million in the last quarter and RMB38.6 million in the same period last year. Non-GAAP adjusted EBITDA[1] was a loss of RMB5.3 million (US$0.7 million) for the three months ended September 30, 2025, compared with a loss of RMB16.5 million in the last quarter and a loss of RMB9.2 million in the same period last year. Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, commented, "In the third quarter of 2025, we delivered a retail transaction volume of 14,020 units, up 134% year over year, marking the sixth consecutive quarter of year-over-year growth above 130%. Our inventory turnover remained around 30 days, and our net promoter score (NPS) improved to 67, sustaining an industry-leading level of 65 or above for six straight quarters. Our data-driven pricing system and superior retail experience continue to drive strong performance across our new superstores. The Wuhan location, which opened in February, is on track to reach nearly 1,800 retail units in December and is expected to maintain a robust growth trajectory. Our Zhengzhou superstore, opened in September, is projected to reach close to 900 units in December, with both sales ramp-up and profitability improving even faster than Wuhan. These results reinforce that our business model is highly scalable and can be successfully replicated across regions nationwide." Mr. Dai continued, "Our Jinan superstore also opened in December, completing the three new superstores we originally planned for 2025. Looking ahead, we have a number of superstore pipelines in 2026. The continued ramp-up of newly launched stores, together with sustained growth across our existing network, will be key drivers of our performance in the coming years." Mr. Feng Lin, Chief Financial Officer of Uxin, stated, "Our financial performance this quarter continued to demonstrate strong momentum as our total revenue reached RMB879 million. Our retail revenue in particular was RMB819 million, representing an 84% year-over-year growth and 35% quarter-over-quarter growth. As pricing in China's new-car market stabilizes, profitability across the used-car retail sector has also improved in the quarter. As such, our gross margin reached 7.5%, the highest level in nearly three years, and we recorded a substantial reduction in our non-GAAP adjusted EBITDA loss. We expect this strong performance to continue into the next quarter. For the fourth quarter of 2025, we project retail transaction volume to exceed 18,500 units, up over 110% year over year and more than 30% sequentially. For the full year of 2025, we expect to deliver over 50,000 retail units, representing more than 130% growth compared with 2024." Financial Results for the Quarter Ended September 30, 2025 Total revenues were RMB879.3 million (US$123.5 million) for the three months ended September 30, 2025, representing an increase of 33.6% from RMB658.3 million in the last quarter and an increase of 76.8% from RMB497.2 million in the same period last year. The increases were mainly due to the increase in retail vehicle sales revenue. Retail vehicle sales revenue was RMB819.1 million (US$115.0 million) for the three months ended September 30, 2025, representing an increase of 34.8% from RMB607.6 million in the last quarter and an increase of 84.3% from RMB444.4 million in the same period last year. For the three months ended September 30, 2025, retail transaction volume was 14,020 units, representing an increase of 35.0% from 10,385 units last quarter and an increase of 133.5% from 6,005 units in the same period last year. By offering quality products and services, the Company believes that its superstores have earned customer trust and established Uxin as the well-recognized brand in the regional markets where these superstores are located, leading to a high in-store customer conversion rate. Additionally, since opening in February 2025, the Wuhan superstore continued to achieve strong sales growth. Wholesale vehicle sales revenue was RMB33.2 million (US$4.7 million) for the three months ended September 30, 2025, compared with RMB29.9 million in the last quarter and RMB37.8 million in the same period last year. For the three months ended September 30, 2025, wholesale transaction volume was 1,884 units, representing an increase of 54.3% from 1,221 units last quarter and an increase of 81.0% from 1,041 units in the same period last year. Wholesale vehicle sales represent vehicles purchased by the Company from individuals that do not meet the Company's retail standards and are subsequently sold through online and offline channels. Other revenue was RMB27.0 million (US$3.8 million) for the three months ended September 30, 2025, compared with RMB20.8 million in the last quarter and RMB15.0 million in the same period last year. Cost of revenues was RMB813.3 million (US$114.2 million) for the three months ended September 30, 2025, compared with RMB624.1 million in the last quarter and RMB462.4 million in the same period last year. Gross margin was 7.5% for the three months ended September 30, 2025, compared with 5.2% in the last quarter and 7.0% in the same period last year. The increases in gross margin was primarily due to two reasons: Firstly, the intense price competition in China's new car market has eased during the three months ended September 30, 2025, contributing to a rapid recovery in the gross margin for used cars to a higher level; secondly, there was a positive contribution from the Wuhan superstore, which commenced trial operations in late February 2025 and has moved past its start-up phase while continuing to strengthen its performance in gross margin for used vehicles. Total operating expenses were RMB123.4 million (US$17.3 million) for the three months ended September 30, 2025. Total operating expenses excluding the impact of share-based compensation were RMB109.3 million. Sales and marketing expenses were RMB91.2 million (US$12.8 million) for the three months ended September 30, 2025, representing an increase of 22.9% from RMB74.2 million in the last quarter and an increase of 62.7% from RMB56.1 million in the same period last year. The increases were mainly due to the increased employee compensation for the sales teams as a result of the increase in headcount. General and administrative expenses were RMB29.1 million (US$4.1 million) for the three months ended September 30, 2025, representing an increase of 49.9% from RMB19.4 million in the last quarter and an increase of 11.8% from RMB26.1 million in the same period last year. The increases were mainly due to the increases in professional fees in relation to certain recent transactions. Research and development expenses were RMB3.1 million (US$0.4 million) for the three months ended September 30, 2025, remaining stable compared with RMB3.1 million in the last quarter and representing an increase of 30.8% from RMB2.4 million in the same period last year. The year-over-year increase was mainly due to the impact of share-based compensation expense. Other operating income, net was RMB21.0 million (US$2.9 million) for the three months ended September 30, 2025, compared with RMB19.4 million for the last quarter and RMB10.8 million in the same period last year. The year-over-year increase was mainly due to gains from derecognition of certain long-aged liabilities. Loss from operations was RMB36.5 million (US$5.1 million) for the three months ended September 30, 2025, compared with RMB43.1 million in the last quarter and RMB38.6 million in the same period last year. Interest expenses were RMB24.1million (US$3.4 million) for the three months ended September 30, 2025, compared with RMB23.1 million in the last quarter and RMB24.1 million in the same period last year. Net loss from operations was net loss of RMB60.7 million (US$8.5 million) for the three months ended September 30, 2025, compared with net loss of RMB67.6 million in the last quarter and net loss of RMB59.2 million in the same period last year. Non-GAAP adjusted EBITDA was a loss of RMB5.3 million (US$0.7 million) for the three months ended September 30, 2025, compared with a loss of RMB16.5 million in the last quarter and a loss of RMB9.2 million in the same period last year. Liquidity The Company has incurred net losses since inception. For the quarter ended September 30, 2025, the Company incurred net loss of RMB60.7 million and operating cash outflow of RMB172.4 million, and the Company's current liabilities exceeded current assets by approximately RMB229.7 million and the Company had accumulated deficit in the amount of RMB19.8 billion as of September 30, 2025. Based on the Company's liquidity assessment, which considers the management's plan to address these adverse conditions and events including growing its vehicle sales revenue by increasing the sales volume, improving the gross profit margin by increasing the value-added services offered to its customers, maintaining vehicle turnover rate by managing reasonable vehicle prices, raising funds from planned financings, and adjusting its operation scale if and when necessary, the Company believes that it is probable to effectively implement these plans and accordingly, its current cash and cash equivalents and the cash flows from operating and financing activities are sufficient for the Company to meet its anticipated working capital requirements and other capital commitments and the Company will be able to meet its payment obligations when liabilities that fall due within the next twelve months from the date of this release. Recent Development Since October 2025, Uxin has made meaningful progress in expanding its superstore footprint, supported by new strategic partnerships in Tianjin, Yinchuan, and Guangzhou. Uxin Jinan Used Car Superstore On December 17, 2025, Uxin announced the official opening of its used car superstore in the city of Jinan in Shandong Province. The Jinan location marks Uxin's fifth large-scale superstore, following successful openings in Xi'an, Hefei, Wuhan, and Zhengzhou. Phase one of the Jinan superstore encompasses approximately 40,000 square meters and can accommodate more than 1,000 vehicles for display and sale at full capacity. The superstore's launch will further strengthen Uxin's market presence across Northern China and the Shandong province, accelerating the shift toward scaled, branded, and standardized used car retailing in the area. Uxin Tianjin Used Car Superstore On November 12, 2025, Uxin entered into a strategic partnership with the local government authorities in Tianjin to jointly invest, together with selected local companies, in the Uxin Tianjin Used Car Superstore. The project is expected to combine a large-scale reconditioning facility with a one-stop retail experience and provide capacity for more than 3,000 vehicles for display and sale. The first phase of the superstore is scheduled to commence operations in the first half of 2026. Leveraging Tianjin's strategic location and logistics advantages, the superstore will serve as a regional hub for the Beijing–Tianjin–Hebei area, further strengthening Uxin's supply chain and service network across northern China. Uxin Yinchuan Used Car Superstore On November 11, 2025, Uxin formed a strategic partnership with the local government authorities in Yinchuan to jointly invest, alongside a local state-owned enterprise, in the Uxin Yinchuan Used Car Superstore. The new superstore is expected to have capacity to display approximately 3,000 vehicles for sale, representing another step in Uxin's nationwide rollout of large-scale retail superstores. As the capital of the Ningxia Hui Autonomous Region and a key hub in China's westward development strategy, Yinchuan provides a strategic gateway to the northwest, and the superstore is expected to expand Uxin's coverage across Ningxia and the broader northwestern region while enhancing supply-chain efficiency and the customer service network. Uxin Guangzhou Used Car Superstore On October 31, 2025, Uxin entered into a strategic partnership with local government authorities in the city of Guangzhou to jointly invest in the Uxin Guangzhou Used Car Superstore. The new superstore is designed to accommodate over 3,000 vehicles for display and sale. The project will be co-developed by Uxin Limited and the Guangzhou Development District Transportation Investment Group, a leading industrial investment and operations platform in Guangzhou with strong capabilities in infrastructure development and industrial integration. This partnership marks another milestone in Uxin's nationwide expansion of its used car superstore network, following the successful openings of superstores in Xi'an, Hefei, Wuhan, and Zhengzhou. Entry into Definitive Agreement for Financing On December 18, 2025,Uxin entered into a definitive agreement with Abundant Grace Investment Limited (the "Investor"), an entity affiliated with Mr. Bin Li, a director of Uxin. Pursuant to the definitive agreement, the Investor agreed to purchase 1.2 billion Class A Ordinary Shares of the Company at a price of US$0.00833 per Class A Ordinary Share of the Company (equivalent to US$2.5 per American depositary share of the Company) for a total consideration of US$10 million, which is expected to be paid in multiple installments. The closings of the subscriptions are subject to customary closing conditions. Business Outlook For the three months ending December 31, 2025, the Company expects its retail transaction volume to range between 18,500 units and19,000 units. The Company estimates that its total revenues including retail vehicle sales revenue, wholesale vehicle sales revenue and other revenue to range between RMB1,150 million and RMB1,180 million. For the full year 2025, the Company expects its retail transaction volume to exceed 50,000 units. The Company estimates that its total revenues including retail vehicle sales revenue, wholesale vehicle sales revenue and other revenue to exceed RMB3,200 million. These forecasts reflect the Company's current and preliminary views on the market and operational conditions, which are subject to changes. Conference Call Uxin's management team will host a conference call on Thursday, December 18, 2025, at 8:00 A.M. U.S. Eastern Time (9:00 P.M. Beijing/Hong Kong time on the same day) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this conference including an event passcode, a unique access PIN, dial-in numbers, and an e-mail with detailed instructions to join the conference call. Conference Call Preregistration: https://dpregister.com/sreg/10205104/1008c4d12c0 A telephone replay of the call will be available after the conclusion of the conference call until December 25, 2025. The dial-in details for the replay are as follows: U.S.: +1 855 669 9658 International: +1 412 317 0088 Replay PIN: 1934452 A live webcast and archive of the conference call will be available on the Investor Relations section of Uxin's website at http://ir.xin.com. About Uxin Uxin is China's leading used car retailer, pioneering industry transformation with advanced production, new retail experiences, and digital empowerment. We offer high-quality and value-for-money vehicles as well as superior after-sales services through a reliable, one-stop, and hassle-free transaction experience. Under our omni-channel strategy, we are able to leverage our pioneering online platform to serve customers nationwide and establish market leadership in selected regions through offline superstores with inventory capacities ranging from 2,000 to 8,000 vehicles. Leveraging our extensive industry data and continuous technology innovation throughout more than ten years of operation, we have established strong used car management and operation capabilities. We are committed to upholding our customer-centric approach and driving the healthy development of China's used car industry. Use of Non-GAAP Financial Measures In evaluating the business, the Company considers and uses certain non-GAAP measures, including Adjusted EBITDA and adjusted net loss from operations per share – basic and diluted, as supplemental measures to review and assess its operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines Adjusted EBITDA as EBITDA excluding share-based compensation, foreign exchange (losses)/gain, other income/(expenses), structure realignment cost which was mainly severance cost and equity in income of affiliates. The Company defines adjusted net loss attributable to ordinary shareholders per share – basic and diluted as net loss attributable to ordinary shareholders per share excluding impact of share-based compensation, deemed dividend to preferred shareholders due to triggering of a down round feature and accretion on redeemable non-controlling interests. The Company presents the non-GAAP financial measures because they are used by the management to evaluate the operating performance and formulate business plans. The Company also believes that the use of the non-GAAP measures facilitate investors' assessment of its operating performance as this measure excludes certain finance or non-cash items that the Company does not believe directly reflect its core operations. The Company believe that excluding these items enables us to evaluate our performance period-over-period more effectively and relative to our competitors. The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using Adjusted EBITDA is that it does not reflect all items of income and expenses that affect the Company's operations. Share-based compensation, other income/(expenses) and foreign exchange (losses)/gain have been and may continue to be incurred in the business. Further, the non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company's performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure. Reconciliations of Uxin's non-GAAP financial measures to the most comparable U.S. GAAP measure are included at the end of this press release. Exchange Rate Information This announcement contains translations of certain RMB amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader, except for those transaction amounts that were actually settled in U.S. dollars. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.1190 to US$1.00, representing the index rate as of September 30, 2025 set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Uxin's strategic and operational plans, contain forward-looking statements. Uxin may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Uxin's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Uxin's goal and strategies; its expansion plans; its future business development, financial condition and results of operations; Uxin's expectations regarding demand for, and market acceptance of, its products and services; its ability to provide differentiated and superior customer experience, maintain and enhance customer trust in its platform, and assess and mitigate various risks, including credit; its expectations regarding maintaining and expanding its relationships with business partners, including financing partners; trends and competition in China's used car e-commerce industry and other related industries; the laws and regulations relating to Uxin's industry; the general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Uxin's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Uxin does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media enquiries, please contact: Uxin Limited Investor Relations Uxin Limited Email: [email protected] The Blueshirt Group Mr. Jack Wang Phone: +86 166-0115-0429 Email: [email protected] View original content:https://www.prnewswire.com/news-releases/uxin-reports-unaudited-financial-results-for-the-quarter-ended-september-30-2025-and-announces-entry-into-definitive-agreement-for-financing-302645556.html