UXIN

BEIJING, Sept. 24, 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 June 30, 2026. Highlights for the Quarter Ended June 30, 2026 Transaction volume was 21,899 units for the three months ended June 30, 2026, representing an increase of 20.3% from 18,211 units in the last quarter and an increase of 88.7% from 11,606 units in the same period last year. Retail transaction volume was 19,610 units, representing an increase of 18.6% from 16,530 units in the last quarter and an increase of 88.8% from 10,385 units in the same period last year. Total revenues were RMB1,151.2 million (US$169.7 million) for the three months ended June 30, 2026, representing an increase of 7.2% from RMB1,073.7 million in the last quarter and an increase of 74.9% from RMB658.3 million in the same period last year. Gross margin was -0.7% for the three months ended June 30, 2026, compared with 7.0% in the last quarter and 5.2% in the same period last year. Loss from operations was RMB151.9 million (US$22.4 million) for the three months ended June 30, 2026, compared with RMB66.6 million in the last quarter and RMB43.1 million in the same period last year. Non-GAAP adjusted EBITDA[1] was a loss of RMB119.8 million (US$17.7 million), compared with a loss of RMB34.3 million in the last quarter and a loss of RMB16.5 million in the same period last year. [1] This is a non-GAAP measure. We believe non-GAAP measures help investors and users of our financial information understand the effect of adjusting items on our selected reported results and provide alternate measurements of our performance, both in the current period and across periods. See our Financial Supplement, furnished as Exhibit 99.1 to our Current Report on Form 6-K on September 24, 2026 with the SEC, "Unaudited Reconciliations of GAAP And Non-GAAP Results" for a reconciliation and additional information on non-GAAP measures. Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, commented, "Despite a sharp decline in used car prices during the second quarter of 2026, our retail transaction volume reached 19,610 vehicles, up 89% year over year and 19% sequentially. Our Net Promoter Score remained at 65 or above for the ninth consecutive quarter, maintaining our industry-leading customer satisfaction. In response to the market downturn, we moved quickly to sell through inventory affected by decreasing prices. While this put significant pressure on near-term profitability, it allowed us to realign our inventory more quickly with the new pricing environment." Mr. Dai continued, "Over the past several months, we have further strengthened our operations through this period of adjustment. Our pricing is more accurate, inventory turnover is significantly faster, and per-vehicle profitability continues to recover. With a more measured approach to inventory purchasing, we expect retail transaction volume of 20,500 to 21,000 vehicles in the third quarter. Our focus remains on improving store-level performance and overall operating efficiency to translate our growing scale into stronger profitability." Mr. Feng Lin, Chief Financial Officer of Uxin, stated, "Total revenue reached RMB1.15 billion in the second quarter, including RMB1.08 billion in retail vehicle sales revenue, which increased 78% year over year and approximately 7% sequentially. The rapid decline in automotive market prices, together with our decision to accelerate inventory sales, weighed on profitability. Gross margin declined to negative 0.7%, and our adjusted EBITDA loss was RMB120 million. We view the pressure on second-quarter profitability as largely a near-term consequence of the market's sharp price adjustment. With market volatility easing and our operating efficiency improving, we believe the business is back on track for healthy, long-term growth. We expect our overall gross margin to recover to above 6% for the third quarter." Financial Results for the Quarter Ended June 30, 2026 Total revenues were RMB1,151.2 million (US$169.7 million) for the three months ended June 30, 2026, representing an increase of 7.2% from RMB1,073.7 million in the last quarter and an increase of 74.9% from RMB658.3 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 RMB1,080.8 million (US$159.3 million) for the three months ended June 30, 2026, representing an increase of 6.5% from RMB1,015.0 million in the last quarter and an increase of 77.9% from RMB607.6 million in the same period last year. For the three months ended June 30, 2026, retail transaction volume was 19,610 units, representing an increase of 18.6% from 16,530 units last quarter and an increase of 88.8% from 10,385 units in the same period last year. The quarter-over-quarter increase in retail vehicle sales revenue was mainly due to the increase in retail transaction volume. The Company's new superstore in Tianjin commenced trial operations in March 2026 and saw rapid increases in both inventory levels and sales. The year-over-year increase was mainly due to the 88.8% increase in retail transaction volume, the rapid growth in sales volume was primarily driven by the Company's new superstores in Wuhan, Zhengzhou, Jinan and Tianjin, which commenced trial operations in February, September, December 2025 and March 2026, respectively. Wholesale vehicle sales revenue was RMB37.4 million (US$5.5 million) for the three months ended June 30, 2026, compared with RMB27.9 million in the last quarter and RMB29.9 million in the same period last year. For the three months ended June 30, 2026, wholesale transaction volume was 2,289 units, representing an increase of 36.2% from 1,681 units last quarter and an increase of 87.5% from 1,221 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 RMB33.0 million (US$4.9 million) for the three months ended June 30, 2026, compared with RMB30.8 million in the last quarter and RMB20.8 million in the same period last year. Cost of revenues was RMB1,159.8 million (US$170.9 million) for the three months ended June 30, 2026, compared with RMB998.6 million in the last quarter and RMB624.1 million in the same period last year. Gross margin was -0.7% for the three months ended June 30, 2026, compared with 7.0% in the last quarter and 5.2% in the same period last year. The decreases in gross margin were mainly due to market conditions across the automotive industry, including: i) short‑term aggressive price reductions in the new‑car sector drove a rapid downturn in used‑vehicle market prices, which put substantial temporary pressure on the gross margin of the Company's existing used vehicle inventory; ii) rising oil prices suppressed customer demand for gasoline cars and increased inventory turnover pressure, which compressed the Company's gross margin. As market conditions began to stabilize and following the Company's new strategy for accelerating inventories turnover, the company entered a new steady and efficient procurement-to-sales cycle. The Company expects that its overall gross margin will gradually recover to above 6.0% in the third quarter of 2026. Total operating expenses were RMB145.3 million (US$21.4 million) for the three months ended June 30, 2026. Total operating expenses excluding the impact of share-based compensation were RMB135.3 million. Sales and marketing expenses were RMB119.2 million (US$17.6 million) for the three months ended June 30, 2026, representing an increase of 3.0% from RMB115.8 million in the last quarter and an increase of 60.6% from RMB74.2 million in the same period last year. The quarter-over-quarter increase was mainly due to the increased marketing expenses for promotion activities. 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 RMB22.0 million (US$3.2 million) for the three months ended June 30 2026, representing a decrease of 6.0% from RMB23.4 million in the last quarter and an increase of 13.0% from RMB19.4 million in the same period last year. The quarter-over-quarter decrease was mainly due to the reduction in compensation for personnel performing general and administrative functions. The year-over-year increase was mainly due to the increased employee compensation as a result of the increase in the number of superstores. Research and development expenses were RMB4.1 million (US$0.6 million) for the three months ended June 30, 2026, representing an increase of 40.4% from RMB2.9 million in the last quarter and an increase of 33.1% from RMB3.1 million in the same period last year. The increases were mainly due to the launch of new projects for R&D activities. Other operating income, net was RMB2.0 million (US$0.3 million) for the three months ended June 30, 2026, compared with RMB0.5 million in the last quarter and RMB19.4 million in the same period last year. The year-over-year decrease was mainly due to the decline of gains from derecognition of certain long-aged liabilities. Loss from operations was RMB151.9 million (US$22.4 million) for the three months ended June 30, 2026, compared with RMB66.6 million in the last quarter and RMB43.1 million in the same period last year. Interest expenses were RMB25.0 million (US$3.7 million) for the three months ended June 30, 2026, compared with RMB23.9 million in the last quarter and RMB23.1 million in the same period last year. Net loss from operations was net loss of RMB178.4 million (US$26.3 million) for the three months ended June 30, 2026, compared with net loss of RMB91.6 million in the last quarter and net loss of RMB67.6 million in the same period last year. Non-GAAP adjusted EBITDA was a loss of RMB119.8 million (US$17.7 million) for the three months ended June 30, 2026, compared with a loss of RMB34.3 million in the last quarter and a loss of RMB16.5 million in the same period last year. Liquidity The Company has incurred net losses since inception. For the quarter ended June 30, 2026, the Company incurred gross loss of RMB8.6 million, net loss of RMB178.4 million and operating cash outflow of RMB63.8 million. As of June 30, 2026, the Company had accumulated deficit in the amount of RMB20.1 billion, its current liabilities exceeded current assets by approximately RMB201.0 million, the Company's cash balance was RMB82.6 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 granular inventory management and 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 As of June 30, 2026, the Company had received proceeds in aggregate of US$15.0 million from parties designated by NIO Capital under the previously announced share subscription agreements dated December 26, 2025 (the "Share Subscription Agreements") in exchange for 1,573,976,915 Class A ordinary shares issued at a purchase price of US$0.00953 per share (equivalent to US$2.859 per American depositary share). These proceeds represent a portion of the US$20.0 million committed by affiliates of NIO Capital under the Share Subscription Agreements. Under the Share Subscription Agreements, affiliates of NIO Capital and Prestige Shine Group Limited committed to invest an aggregate of US$50.0 million in the Company. By the date of this announcement, the Company received additional proceeds of US$4.0 million from the entity designated by NIO Capital under previously announced equity financings with NIO Capital. Following receipt of these proceeds, a further US$4.0 million remains to be funded under the Share Subscription Agreements. The Company has also been informed by the party designated by NIO Capital that it expects to proceed with the closing of the remaining US$4.0 million investment in accordance with the terms of the Share Subscription Agreements at the agreed subscription price of US$2.859 per ADS, subject to applicable closing conditions. Recent Development Management Share Purchase Plan On June 18, 2026, Uxin announced that Mr. Kun Dai, chairman of the board of directors and chief executive officer of the Company, intends to use his personal funds to purchase up to an aggregate of US$5.0 million of the Company's American depositary shares during the 12-month period starting from June 25, 2026, subject to applicable rules and regulations and Uxin's insider trading policy. Shaoxing Used Car Superstore Project On July 20, 2026, Uxin announced the launch of a new used car superstore project in Shaoxing. The project will integrate a large-scale used car reconditioning facility with a one-stop retail experience, featuring a total capacity of more than 2,500 vehicles for display and sale. The superstore is expected to further strengthen Uxin's strategic presence in the Yangtze River Delta. Business Outlook For the three months ended September 30, 2026, the Company expects its retail transaction volume to range between 20,500 units and 21,000 units. The Company estimates that its total revenues including retail vehicle sales revenue, wholesale vehicle sales revenue and other revenue to range between RMB1,160 million and RMB1,190 million. The Company expects its gross profit margin to be above 6.0%. 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 Thursday, September 24, 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/10211877/104dc33b51a A telephone replay of the call will be available after the conclusion of the conference call until October 1, 2026. The dial-in details for the replay are as follows: U.S.: +1 855 669 9658International: +1 412 317 0088Replay PIN: 7037596 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) 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 the 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 facilitates investors' assessment of its operating performance as these measures exclude certain finance or non-cash items that the Company does not believe directly reflect its core operations. The Company believes that excluding these items enables it to evaluate its performance period-over-period more effectively and relative to its 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 measures, 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 measures 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 RMB6.7851 to US$1.00, representing the index rate as of June 30, 2026 set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. The Company makes no representation that the RMB or US$ 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-june-30-2026-302888958.html

This article first appeared on GuruFocus. - Retail Transaction Volume: 19,610 units, up 89% year over year and 19% sequentially. - Wholesale Transaction Volume: 2,289 units, up 88% year over year and 36% sequentially. - Retail Vehicle Sales Revenue: RMB1.08 billion, up 78% year over year and approximately 7% sequentially. - Wholesale Revenue: RMB37.4 million. - Total Revenue: RMB1.51 billion, up 75% year over year and 7% sequentially. - Average Selling Price (ASP): RMB55,000, compared with RMB59,000 in the same period last year and RMB61,000 last quarter. - Gross Margin: Negative 0.7%, compared with 5.2% in the same period last year and 7% in the previous quarter; expected to recover to above 6% in Q3. - Adjusted EBITDA Loss: RMB120 million, primarily reflecting the temporary impact of lower gross margin. - Inventory Turnover: Approximately 30 days in Q2, shortened from approximately 30 days to approximately 20 days overall. - Net Promoter Score (NPS): 68, continuing to rank among the highest in the industry. - Q3 Retail Transaction Volume Guidance: 20,500 to 21,000 units, representing year-over-year growth of nearly 50%. - Q3 Total Revenue Guidance: RMB1.16 billion to RMB1.19 billion. - Financing: Received $4 million in investment proceeds from NIO Capital; remaining $4 million investment proceeding at $2.86 per ADS; Joy Capital actively advancing ODI filing. - Warning! GuruFocus has detected 3 Warning Signs with UXIN. - Is UXIN fairly valued? Test your thesis with our free DCF calculator. Release Date: September 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. - Retail transaction volume reached 19,610 units, up 89% year over year and 19% sequentially, significantly outperforming the broader used car market. - Net Promoter Score (NPS) remained at 68, continuing to rank among the highest in the industry. - Inventory turnover shortened from approximately 30 days to around 20 days, reducing price risk and improving capital efficiency. - Gross margin is expected to recover to above 6% in Q3 2026, with per unit profitability already recovering rapidly since the beginning of the third quarter. - Six new superstores are under development in Yinchuan, Guangzhou, Wuxi, Chongqing, Shijiazhuang, and Shaoxing, supporting nationwide expansion. - Q3 2026 retail transaction volume guidance of 20,500 to 21,000 units represents year-over-year growth of nearly 50%. - CEO Kun Dai established a Rule 10b5-1 trading plan to purchase up to $5 million of ADS, demonstrating confidence in the company's long-term value. - NIO Capital has confirmed it will proceed with the remaining $4 million investment at $2.86 per ADS, and Joy Capital is advancing its ODI filing. - Gross margin turned negative at -0.7% in Q2 2026, compared with 5.2% in the same period last year and 7% in the previous quarter. - Average selling price (ASP) of retail vehicles declined to RMB55,000 from RMB59,000 year over year and RMB61,000 sequentially. - Adjusted EBITDA loss was RMB120 million, primarily due to the temporary impact of lower gross margin. - New passenger vehicle sales in China declined by more than 20% year over year in Q2 2026, with ICE car sales down nearly 40%, pressuring the used car market. - Nationwide used car transactions declined by 6% year over year in July and by 11% in August, indicating continued market weakness. - Nearly 30,000 brick-and-mortar used car dealerships exited the market in the first half of 2026, and 50,000 to 60,000 are expected to exit for the full year, representing more than 20% of the industry. - The company maintains a prudent operating approach due to elevated risks in the automotive market, which may limit aggressive growth or inventory procurement. - The CEO's share purchase plan is subject to a 90-day cooling-off period and will be carried out gradually, with actual purchases dependent on trading volume and other factors. Q: Uxin has further shortened its inventory turnover from approximately 30 days to around 20 days. Could management discuss how you have been able to achieve such rapid turnover? Is this primarily the result of proactively reducing inventory in response to the current market environment? Or is this an operating level you expect to maintain over the long term?A: CFO Feng Lin attributed the improvement to two main factors: the application of AI across pricing, price adjustments, and risk alerts, which has enhanced pricing accuracy, coverage, and response speed; and deeper integration of end-to-end operating systems spanning inspection, reconditioning, inventory management, and CRM. He emphasized that faster turnover reduces price risk exposure and inventory impairment losses without sacrificing per-unit profitability, and allows the same inventory capital and workforce to support larger sales volumes. He stated that around 20 days is not a short-term defensive strategy but a core operating target the company intends to maintain over the long term. Q: The automotive market experienced a significant adjustment in the second quarter. Could management share what you have been seeing recently in terms of used car market conditions and the competitive landscape? How do you view the industry outlook for the remainder of 2026?A: CEO Kun Dai noted that overall auto consumption remains weak, with nationwide passenger vehicle retail sales down more than 20% year over year in both July and August, and ICE car retail sales down approximately 40%. Used car transactions declined 6% year over year in July and 11% in August. He believes the most severe price adjustment occurred in the second quarter and that conditions are gradually stabilizing. Industry consolidation continues, with nearly 30,000 used car dealerships exiting in the first half and an expected 50,000 to 60,000 exits for the full year, representing more than 20% of the industry. Uxin expects retail transaction volume to grow nearly 50% year over year in Q3, significantly outperforming the broader industry, and will adjust inventory procurement prudently based on market conditions. Q: The company previously announced a plan by the CEO to purchase additional company shares. Could management provide an update on the execution of this plan?A: CEO Kun Dai stated that given recent share price performance, he decided to use his own funds to purchase additional Uxin shares in the open market as a demonstration of confidence in the company's long-term value. An entity controlled by him established a Rule 10b5-1 trading plan on June 30 to purchase up to $5 million of ADS at a price of no more than $2.85 per ADS. Following the required 90-day cooling-off period, purchases will be eligible to begin on September 28, 2026, and will be carried out gradually in accordance with the pre-established plan and applicable securities trading rules. Q: What drove the decline in gross margin to negative 0.7% in the second quarter, and what is the outlook for margin recovery?A: CFO Feng Lin explained that rapid price adjustments in the second quarter, particularly for new ICE cars, directly impacted the gross margin of existing inventory, and the company proactively accelerated sell-through of affected cars. With the inventory reset now largely complete and turnover accelerating, per-unit profitability has recovered significantly since the beginning of the third quarter. The company expects overall gross margin to recover to above 6% in the third quarter. Q: What were the key financial results for the second quarter of 2026?A: CFO Feng Lin reported retail transaction volume of 19,610 units, up 89% year over year and 19% sequentially. Retail vehicle sales revenue totaled RMB1.08 billion, up 78% year over year and approximately 7% sequentially. Wholesale transaction volume was 2,289 units, up 88% year over year and 36% sequentially, with wholesale revenue of RMB37.4 million. Total revenue reached RMB1.51 billion, up 75% year over year and 7% sequentially. Adjusted EBITDA loss was RMB120 million, primarily reflecting the temporary impact of lower gross margin. Q: How has the average selling price (ASP) trended, and what is the outlook?A: CFO Feng Lin stated that the ASP of retail vehicles was RMB55,000 in the second quarter, compared with RMB59,000 in the same period last year and RMB61,000 in the previous quarter. While lower market prices drove the decline, rapid sales volume growth offset the impact. He noted that the current price range covers the car buying needs of the vast majority of mainstream consumers and that, as price volatility gradually eases, ASP is not expected to decline significantly from current levels and should remain relatively stable overall. Q: What is the company's guidance for the third quarter of 2026?A: CFO Feng Lin guided retail transaction volume of between 20,500 and 21,000 units, representing year-over-year growth of nearly 50%, with total revenue between RMB1.16 billion and RMB1.19 billion and gross margin recovering to above 6%. He added that as gross margin recovers and operating efficiency improves, profitability is expected to improve further. Q: What is the status of the company's recent financing activities?A: CFO Feng Lin provided an update, stating that the company recently received $4 million in investment proceeds from NIO Capital, with the closing of the remaining $4 million investment proceeding as planned. NIO Capital has confirmed it will proceed with the remaining investment at $2.86 per ADS. Meanwhile, Joy Capital is actively advancing the overseas direct investment (ODI) filing process for its investment in the company. Q: How is Uxin positioned relative to the broader used car industry consolidation?A: CEO Kun Dai stated that traditional operating models are rapidly losing ground as the industry shifts from a fragmented, non-standardized model toward a more scaled, standardized, and digitalized retail model. He believes the next two to three years will be a critical period for reshaping China's used car market, and Uxin will maintain its leading position. The company continues to strengthen core capabilities in vehicle pricing, inspection and reconditioning, inventory turnover, and customer service, while six new superstores in Yinchuan, Guangzhou, Wuxi, Chongqing, Shijiazhuang, and Shaoxing are under development. Q: What operational metrics demonstrate Uxin's outperformance in the second quarter?A: CEO Kun Dai highlighted that retail transaction volume reached 19,610 units, up 89% year over year and 19% sequentially, significantly outper For the complete transcript of the earnings call, please refer to the full earnings call transcript.

- Interested in Uxin Limited Sponsored ADR? Here are five stocks we like better. - Strong growth: Uxin's second-quarter retail volume rose 89% year over year to 19,610 vehicles, while total revenue increased 75% to CNY1.151 billion. - Margins came under pressure: Rapid declines in new gasoline-vehicle prices pushed gross margin to negative 0.7% from 7% in the prior quarter, resulting in a CNY120 million adjusted EBITDA loss as Uxin accelerated inventory sell-through. - Recovery expected: Uxin targets 20,500–21,000 retail units and CNY1.16–1.19 billion in third-quarter revenue, with gross margin above 6%. Management also aims to sustain approximately 20-day inventory turnover to limit pricing risk and improve capital efficiency. Uxin (NASDAQ:UXIN) reported second-quarter retail vehicle sales growth that outpaced China's broader used-car market, while rapid price declines in new internal-combustion-engine vehicles pressured the company's margins and prompted accelerated inventory sell-through. Retail transaction volume reached 19,610 units for the quarter ended June 30, up 89% from a year earlier and 19% sequentially, according to Founder and CEO Kun Dai. Retail vehicle sales revenue totaled CNY1.08 billion, an increase of 78% year over year and about 7% from the prior quarter. Total revenue, including wholesale and other operations, was CNY1.151 billion, up 75% year over year and 7% sequentially. → Microsoft's 8% Dividend Hike: Confidence Signal or Distraction From Capex Math? Dai said China's automotive sector entered a period of accelerated consolidation in 2026. Domestic new passenger-vehicle sales declined more than 20% year over year in the second quarter, while internal-combustion-engine vehicle sales fell nearly 40%, according to management. Used-car demand proved comparatively resilient during the quarter, with nationwide used-car transactions declining about 1.4% year over year, Dai said. However, the sharp decline in new-car prices, especially for gasoline-powered vehicles, flowed into the used-car market and affected the value of Uxin's existing inventory. → Paramount Skydance Clears a Major Warner Bros. Discovery Hurdle—Here's What Comes Next Chief Financial Officer John Lin said the company's retail average selling price fell to CNY55,000, compared with CNY59,000 a year earlier and CNY61,000 in the prior quarter. While lower vehicle prices reduced average selling prices, higher transaction volume offset part of that effect, he said. Uxin's wholesale volume was 2,289 units, up 88% year over year and 36% sequentially, producing wholesale revenue of CNY37.4 million. → Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again? Uxin posted a gross margin of negative 0.7% in the second quarter, compared with 5.2% a year earlier and 7% in the first quarter. Lin attributed the decline to the rapid adjustment in auto prices and the company's decision to accelerate the sale of vehicles affected by those price movements. The company reported an adjusted EBITDA loss of CNY120 million, which Lin said primarily reflected the temporary pressure on gross margin. Sales and marketing expenses remained broadly stable despite expansion of the company's business and superstore network, he added. Management said the inventory reset is now largely complete. Uxin expects third-quarter gross margin to recover to above 6% as per-unit profitability improves and inventory turnover accelerates. Dai said Uxin's net promoter score remained at 68 during the quarter. He also pointed to continued investments in digital systems, including pricing, inspection, reconditioning, inventory management and customer relationship management tools. - Second-quarter retail volume: 19,610 vehicles, up 89% year over year. - Second-quarter total revenue: CNY1.151 billion, up 75% year over year. - Second-quarter gross margin: negative 0.7%, versus 7% in the prior quarter. - Second-quarter adjusted EBITDA loss: CNY120 million. Lin said inventory turnover was approximately 30 days in the second quarter, while the company has reduced turnover to about 20 days in recent months during the third quarter. Management attributed the improvement to AI-enabled tools used for pricing, price adjustments and risk alerts, as well as tighter integration across its operating systems. According to Lin, faster turnover reduces exposure to vehicle price declines and inventory impairment risk. He said Uxin views turnover of about 20 days as a long-term operating target rather than a temporary defensive measure, and expects it to support greater capital efficiency and operating leverage without sacrificing per-unit profitability. Dai said the company has validated its warehouse-style superstore model and plans to continue expanding its national footprint. Six new superstores in Yinchuan, Guangzhou, Wuxi, Chongqing, Shijiazhuang and Shaoxing are under development, while Uxin continues discussions with additional cities regarding new partnerships. For the third quarter, Uxin expects retail transaction volume of 20,500 to 21,000 units, representing nearly 50% year-over-year growth. The company forecast total revenue of CNY1.16 billion to CNY1.19 billion and gross margin above 6%. Management said it will maintain a cautious inventory procurement strategy given continued industry risks. Dai said nationwide used-car transactions fell 6% year over year in July and 11% in August, although management believes the most severe price adjustment occurred in the second quarter and conditions have begun to stabilize. The company expects industry consolidation to continue. Dai said nearly 30,000 brick-and-mortar used-car dealerships exited the market in the first half, and Uxin estimates that 50,000 to 60,000 dealerships could leave the industry for the full year. Separately, Lin said Uxin recently received $4 million in investment proceeds from NIO Capital. The remaining $4 million investment is proceeding as planned at $2.86 per American depositary share, while Joy Capital continues work on the overseas direct investment filing process for its investment. Dai also said an entity he controls established a Rule 10b5-1 trading plan on June 30 to purchase up to $5 million of Uxin ADSs at no more than $2.85 per ADS. Following the required cooling-off period, purchases under the plan may begin Sept. 28 and would be carried out gradually, subject to the plan and market-volume constraints. Uxin Limited (NASDAQ: UXIN) is a China-based used automobile retailer and e-commerce company. The company operates an online platform that connects consumers with used vehicles and supports the purchase and sale of cars through digital tools and related transaction services. Uxin's business activities have included vehicle sourcing, inspection and reconditioning, pricing information, online listings, sales assistance, and vehicle delivery. The company has also offered services designed to support used-car transactions, such as financing and other automotive-related solutions, subject to applicable regulations and market conditions. Founded in 2015, Uxin initially developed as an online used-car marketplace before expanding toward an integrated retail model. 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 Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for September 2026.

BEIJING, Sept. 16, 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 second quarter 2026 ended June 30, 2026, before the U.S. market opens on September 24, 2026. Uxin's management team will host a conference call on Thursday, September 24, 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/10211877/104dc33b51a A telephone replay of the call will be available after the conclusion of the conference call until October 1, 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-second-quarter-2026-financial-results-on-september-24-2026-302880395.html

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.