Uxin Ltd. Sponsored ADR (UXIN.US) financial report: Retail sales volume in the second quarter of 24 increased by 142% year-on-year, and is expected to increase by another 40% in the third quarter compared to the second quarter.

On September 23, 2024, Uxin Ltd. Sponsored ADR group (UXIN.US), a second-hand car retail company, released its unaudited financial performance report for the first quarter of the 2025 fiscal year (which corresponds to the second quarter of 2024). The Uxin Ltd. Sponsored ADR group showed strong growth momentum in this quarter, with total revenue increasing by 38.8% year-on-year and retail transaction volume increasing by 142.4% year-on-year. The performance forecast indicates that the retail transaction volume will continue to grow by over 40% in the next quarter. According to the financial report, Uxin Ltd. Sponsored ADR group achieved a total revenue of 401 million RMB in this quarter, a quarter-on-quarter increase of 25.7% and a year-on-year increase of 38.8%. The total transaction volume of used cars reached 5,605 vehicles, a quarter-on-quarter increase of 38.1% and a significant increase of 72.2% from the same period last year's 3,254 vehicles. Among these, the retail transaction volume reached 4,090 vehicles, a quarter-on-quarter increase of 30.9% and a significant increase of 142.4% from the same period last year's 1,687 vehicles, hitting a historical high. In terms of gross profit margin, Uxin Ltd. Sponsored ADR group maintained a gross profit margin of 6.4% in this quarter, compared to 6.1% in the same period last year. The group also significantly narrowed its losses, with adjusted EBITDA losses decreasing by 27% year-on-year. By improving sales, refining management, and controlling costs, the company further improved its financial situation. According to the financial report, for the third quarter of 2024, the company expects the retail transaction volume to be between 5,800 and 6,000 vehicles, with a quarter-on-quarter growth of over 40%. At the same time, total revenue is expected to reach between 480 million and 500 million RMB, with a quarter-on-quarter increase of approximately 25%. The report also predicts that the adjusted EBITDA loss will be reduced to within 10 million RMB, with a quarter-on-quarter reduction of 60%, approaching breakeven. The company expects to achieve EBITDA profitability in the fourth quarter.