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.
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