US Stock Market Move | Q2 growth momentum strong, used car retailer Uxin Ltd. Sponsored ADR (UXIN.US) surged over 31%.
As of the time of writing, the stock has risen more than 31%, trading at $2.09.
On Monday, the stock price of Uxin Ltd. Sponsored ADR (UXIN.US) rose sharply, with the stock up more than 31% to $2.09 at the time of writing. Uxin Ltd. Sponsored ADR group showed strong growth momentum in the second quarter of 2024, with total revenue increasing by 38.8% year-on-year and retail transaction volume rising by 142.4% year-on-year. The performance guidance indicates that the retail transaction volume in the next quarter will continue to increase by over 40% compared to the previous quarter. According to the financial report, Uxin Ltd. Sponsored ADR group achieved a total revenue of 401 million RMB in this quarter, an increase of 25.7% compared to the previous quarter and 38.8% year-on-year; the total number of used cars traded reached 5605, an increase of 38.1% quarter-on-quarter, and a 72.2% increase compared to the same period last year's 3254. Among them, the retail transaction volume reached 4090, an increase of 30.9% quarter-on-quarter and a significant increase of 142.4% compared to the same period last year's 1687, reaching a historical high.
Related Articles
QYUNS-B(02509) spent HK$47.69 million on January 2nd to repurchase 25,000 shares.
Suzhou Novosense Microelectronics (02676): Partial Exercise of Oversubscription Rights, Price Stabilization Action and End of Price Stabilization Period
On January 2nd, CHINA XLX FERT (01866) spent 3.8077 million Hong Kong dollars to repurchase 424,000 shares.
QYUNS-B(02509) spent HK$47.69 million on January 2nd to repurchase 25,000 shares.
Suzhou Novosense Microelectronics (02676): Partial Exercise of Oversubscription Rights, Price Stabilization Action and End of Price Stabilization Period
On January 2nd, CHINA XLX FERT (01866) spent 3.8077 million Hong Kong dollars to repurchase 424,000 shares.
