US Stock Market Move | Uxin Ltd. Sponsored ADR (UXIN.US) surged more than 11%, achieving EBITDA profit for the first time after quarterly adjustments.

On Wednesday, Uxin Ltd. Sponsored ADR (UXIN.US) surged more than 11% to $4.788. On April 30th, Uxin Ltd. Sponsored ADR group released its unaudited financial performance report for the fourth quarter and full year of 2024 ending on December 31st. In the fourth quarter of 2024, Uxin Ltd. Sponsored ADR group achieved its first ever positive adjusted EBITDA for a single quarter, with a profit of 2 million RMB, compared to a loss of 43.8 million RMB in the same period last year. In the fourth quarter of 2024, Uxin Ltd. Sponsored ADR total transaction volume reached 9,439 vehicles, a year-on-year increase of 116.8%; total revenue was 597 million RMB, a 20.0% increase quarter-on-quarter, and a 45.4% increase year-on-year. Among them, retail transaction volume was 8,554 vehicles, a quarter-on-quarter increase of 42.4%, and a year-on-year increase of 177.6%, marking the third consecutive quarter of year-on-year growth of over 100%; retail revenue reached 553 million RMB, a 24.5% increase quarter-on-quarter, and a 73.3% increase year-on-year. During the same period, the group's gross profit margin was 7.0%, an increase of 2.2 percentage points year-on-year.