Welcome to our dedicated page for Uxin Ltd. news (Ticker: UXIN), a resource for investors and traders seeking the latest updates and insights on Uxin Ltd. stock.
Uxin Ltd (Nasdaq: UXIN) operates China's leading used car e-commerce platform, combining digital innovation with nationwide supply chain solutions. This page provides centralized access to official announcements and market-moving developments for this automotive transaction pioneer.
Investors and industry observers will find verified updates on strategic partnerships, operational milestones, and financial performance. Track UXIN's progress in enhancing transaction transparency through AI-powered inspections, cross-channel retail expansions, and integrated financial services.
Content includes earnings reports, management commentary, partnership announcements, and technology initiatives. Bookmark this page for real-time updates on UXIN's role in shaping China's $150B used car market through digital transformation.
Uxin Limited (Nasdaq: UXIN) reported its unaudited financial results for Q3 2022, ending December 31, 2022. The company's total revenues fell to RMB470.5 million (US$68.2 million), a 24.0% decline from the previous quarter. Transaction volume also decreased to 4,897 units, representing a 19.1% quarter-over-quarter drop. However, the retail transaction volume rose by 76.7% year-over-year, indicating growth in retail sales despite operational challenges. The gross margin decreased to 0.6%, down from 4.1% year-over-year, while the operating loss improved to RMB96.5 million (US$14.0 million). The company aims for single-store profitability by end of 2023 amid a recovering market. Uxin has made significant efforts in optimizing its cost structure and expects to maintain a stable inventory while navigating ongoing market volatility.
Uxin Limited (Nasdaq: UXIN), a leading used car e-commerce platform in China, announced that NIO Capital has met its payment obligations, totaling $80 million, for its subscription of senior convertible preferred shares. This commitment is part of a $100 million agreement established in June 2022. Additionally, Uxin fulfilled all payment obligations under a convertible promissory note amounting to $61.6 million, initially issued in June 2019 and revised in June 2021. Uxin is focused on enhancing its market presence through superior customer experience and operational capabilities in the used car sector.
Uxin Limited (Nasdaq: UXIN), a leading used car e-commerce platform in China, has announced the rescheduling of its earnings release for Q3 FY 2023, initially set for March 31, 2023. The new release date is April 11, 2023. This delay aims to finalize arrangements that could significantly enhance the company's financial standing. Additionally, a conference call will occur on the same day at 8:00 A.M. U.S. Eastern Time to discuss these results. Uxin focuses on providing quality vehicles and excellent service through its comprehensive online platform combined with physical inspection centers.
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