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Uxin Ltd - UXIN STOCK NEWS

Welcome to our dedicated news page for Uxin (Ticker: UXIN), a resource for investors and traders seeking the latest updates and insights on Uxin.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Uxin's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Uxin's position in the market.

News
Uxin Announces Entry into a Term Sheet for Financing
Rhea-AI Summary
Uxin (UXIN) has announced a term sheet agreement with Xin Gao Group and an investment fund for financing of approximately US$34.8 million, subject to definitive agreements. Xin Gao, controlled by Uxin's CEO, will invest at US$0.004858 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.32%
Tags
none
-
News
Uxin Announces Results of Extraordinary General Meeting
Rhea-AI Summary
Uxin Limited announces the approval of an increase in authorized share capital by creating 190,000,000,000 new Class A Ordinary Shares, totaling US$20,000,000 divided into 200,000,000,000 shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.49%
Tags
none
-
News
Uxin to Hold an Extraordinary General Meeting on March 1, 2024
Rhea-AI Summary
Uxin Limited, a leading used car retailer in China, will hold an Extraordinary General Meeting of Shareholders on March 1, 2024, to consider and approve the increase in authorized share capital. The Chairman has set the Record Date as February 5, 2024, for shareholders to receive notice of the EGM. Holders of ordinary shares and American depositary shares are entitled to attend and vote at the meeting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.9%
Tags
none
News
Uxin Limited Announces Successful Validation of Superstore Business Model, Significant Reduction in Losses, and Target of Achieving Overall Profitability by 2024
Rhea-AI Summary
Uxin Limited (UXIN) announced its financial results for the first and second quarters of fiscal year 2024, showing robust growth despite challenging economic conditions and a competitive used car market in China. The company achieved a 35.6% sequential increase in retail transaction volume for the second quarter, significantly outpacing the industry's growth. The flagship Changfeng superstore, a joint venture with the Hefei local government, commenced trial operations, with plans to drive sustained business growth. Uxin's superstore business model has proven successful, maintaining inventory turnover days below 45 and expanding gross margin to 6.2%. The company also narrowed its overall adjusted EBITDA loss by almost half year-over-year, with the Xi'an superstore achieving positive EBITDA in September. The company aims to achieve overall adjusted EBITDA profitability by September 2024 or earlier.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.3%
Tags
none
-
News
Uxin Reports Unaudited Second Quarter of Fiscal Year 2024 Financial Results
Rhea-AI Summary
Uxin (UXIN) announces Q2 2023 financial results, reporting a 19.4% increase in transaction volume and RMB356.1 million in total revenues, but a 35.8% decrease in transaction volume and 42.5% decrease in revenues year-over-year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.3%
Tags
earnings
-
News
Uxin Reports Unaudited First Quarter of Fiscal Year 2024 Financial Results
Rhea-AI Summary
Uxin Limited (UXIN) announced unaudited financial results for Q1 ended June 30, 2023. Total revenues were RMB289.0 million, a 15.9% decrease from the last quarter. Retail vehicle sales revenue decreased by 29.1%, while wholesale vehicle sales revenue increased by 28.5%. Non-GAAP adjusted EBITDA was a loss of RMB46.6 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.3%
Tags
earnings
News
Uxin to Report First and Second Quarter Fiscal Year 2024 Financial Results on November 28, 2023
Rhea-AI Summary
Uxin Limited (UXIN) will release its unaudited financial results for the first and second quarters of fiscal year 2024 on November 28, 2023. The management team will host a conference call to discuss the financial results at 8:00 A.M. U.S. Eastern Time on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.64%
Tags
conferences earnings
-
News
Uxin Announces RMB1.5 Billion Equity Investment in Its Hefei Subsidiary
Rhea-AI Summary
Uxin Limited announces equity investment agreement with Hefei Construction Investment to support its used car super store in Hefei City.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
none
-
News
Uxin Reports Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results
Rhea-AI Summary
Uxin Limited announces unaudited financial results for Q4 and FY2023, with retail transactions increasing by 105% YoY. China's used car market shows a 15% increase in transactions compared to the previous year. Uxin's offline superstores reshape the used car buying experience. Uxin's end-to-end digital decision-making forms a competitive advantage. Financial situation improves with debt restructuring and credit supply chain financing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.96%
Tags
earnings
News
Uxin to Report Fourth Quarter and Fiscal Year 2023 Financial Results on August 14, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.84%
Tags
conferences earnings
Stock UXIN logo
Uxin Ltd

Nasdaq:UXIN

UXIN Rankings

#3361 Ranked by Market Cap
#5161 Ranked by Stock Gains
N/A Ranked by Dividends

UXIN Stock Data

351.45M
42.93M
14.63%
16.64%
0.05%
Software Publishers
Information
Link
British Virgin Islands
Beijing

About UXIN

uxin group is china's largest online used car transaction platform. uxin offers b2b, b2c and c2b services through two main brands uxin auction (优信拍) and uxin used car (优信二手车). by creating a nationwide, data-enabled supply chain and increasing transparency in the transaction process, uxin is increasing efficiency and strengthening trust in china's used car industry. its efforts have already been recognized by international investment firms and leading tech companies, who have invested over $1 billion in the company.