Uxin Ltd. Stock Price, News & Analysis

Uxin Limited (Nasdaq: UXIN), a top e-commerce platform for used cars in China, unveiled its first Environmental, Social and Governance (ESG) Report, focusing on sustainability and corporate responsibility. The report highlights Uxin's initiatives in carbon reduction, product responsibility, and consumer rights protection. Key efforts include enhancing vehicle quality, promoting new energy vehicles, and implementing a robust logistics system. Uxin emphasizes a commitment to integrating sustainable development into its operations, aiming for a positive impact on both business growth and the environment.

Uxin Limited (Nasdaq: UXIN), a prominent e-commerce platform for used cars in China, will announce its unaudited financial results for Q4 and FY 2022 on July 28, 2022. The results pertain to the period ending March 31, 2022. A conference call is scheduled for the same day at 8:00 A.M. Eastern Time to discuss these results. Participants can preregister online to receive access details. The call will also be available for replay until August 4, 2022, and a live webcast will be available on the Investor Relations section of Uxin’s website.

Uxin Limited (Nasdaq: UXIN) announced the issuance of 183,495,146 Class A ordinary shares to 58.com Holdings Inc. for the release of its obligations under a convertible promissory note. Each share was valued at $1.03 per American Depositary Share (ADS), effectively extinguishing the note and releasing both parties from historical claims. This strategic move enhances Uxin's financial standing, allowing the company to focus on its core business as a leading e-commerce platform for used cars in China.

Uxin Limited (Nasdaq: UXIN) announced a strategic financing agreement with Nio Capital for the subscription of 714,285,714 senior convertible preferred shares, totaling US$100 million. This represents approximately 20% of Uxin's total issued ordinary shares post-transaction. The funds will primarily be allocated to developing a new Inspection and Reconditioning Plant in Hefei and enhancing capacity for quality used cars, aiming to support long-term growth.

Uxin Limited (Nasdaq: UXIN) has received a notification from Nasdaq indicating its American depositary shares (ADSs) have been trading below the minimum bid price of $1.00 for 30 consecutive business days. The company has until November 14, 2022, to regain compliance with the Nasdaq Listing Rules, which may be extended for an additional 180 days if necessary. Uxin assures that business operations remain unaffected and it will actively monitor its ADS price to meet compliance requirements.

Uxin Limited (Nasdaq: UXIN), a leading online used car dealer in China, announced a binding term sheet with shareholders Nio Capital and Joy Capital on May 16, 2022. The investors plan to subscribe to senior convertible preferred shares worth US$100 million, complementary to a prior financing of up to US$315 million announced in June 2021. The shares will be issued at US$0.23377 each, subject to definitive agreements to be signed by June 30, 2022. Uxin aims to enhance its online car buying experience through a comprehensive service platform.

Uxin Limited (UXIN) reported its Q3 FY2022 financial results, showing a significant rise in transaction volume and revenues. For the period ending December 31, 2021, transaction volume increased to 4,865 units, up 33.4% QoQ and 110.9% YoY. Total revenues reached RMB506.6 million (US$79.5 million), reflecting a 46.5% QoQ and 56.9% YoY growth. The gross margin was 4.1%, slightly lower than 4.2% in the previous quarter but improved from 2.9% YoY. Despite a loss from operations at RMB72.8 million (US$11.4 million), Uxin's operational metrics have shown resilience amid COVID-19 challenges.

Uxin Limited (Nasdaq: UXIN), a prominent online used car dealer in China, will announce its third quarter fiscal year 2022 financial results on March 29, 2022, prior to U.S. market opening. The results encompass the period ending December 31, 2021. Management will conduct a conference call on the same day at 8:00 A.M. U.S. Eastern Time to discuss these results. Interested participants must register online to join the call. A replay will be available until April 5, 2022. Uxin continues to enhance its services, providing a vast selection of used cars and comprehensive aftersales support.

Uxin Limited (Nasdaq: UXIN) reported its unaudited financial results for Q3 2021, ending September 30. Transaction volume reached 3,648 units, a 21% increase from Q2 2021. Total revenues were RMB345.9 million (US$53.7 million), up 24.5% from the previous quarter and significantly higher than RMB76.4 million in Q3 2020. The gross margin rose to 4.2%, compared to 4.0% last quarter and negative 22.4% year-over-year. However, the company recorded a loss from continuing operations of RMB45.9 million (US$7.1 million), an improvement from RMB50.7 million last quarter and RMB162.6 million in Q3 2020.