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 Limited (Nasdaq: UXIN) is described by the company as China’s leading used car retailer, and its news flow reflects this focus on large-scale used car retailing and omni-channel operations. Company announcements highlight the opening and ramp-up of used car superstores in cities such as Xi'an, Hefei, Wuhan, Zhengzhou, and Jinan, as well as strategic partnerships with local authorities in Guangzhou, Tianjin, and Yinchuan to develop additional large-capacity superstores.
On this page, readers can follow Uxin’s press releases on topics such as unaudited quarterly financial results, used car transaction volumes, revenue trends, and gross margin developments. The company’s news also covers liquidity discussions, management’s plans for sales growth and operational efficiency, and updates on the rollout of new superstores that integrate showrooms with reconditioning facilities.
Uxin’s disclosures frequently describe how its omni-channel strategy, extensive industry data, and technology innovation support its used car management and operations. News items provide details on the scale and design of new projects, including planned vehicle display capacities and collaborations with local government authorities and enterprises. Financing-related announcements, such as share subscription agreements with investors including affiliates of NIO Capital, Prestige Shine Group Limited, and Abundant Grace Investment Limited, are also part of the company’s regular updates.
Investors and followers of UXIN stock can use this news feed to monitor Uxin’s expansion of its used car superstore network across China, its reported operating metrics, and its capital-raising activities, all based on official company communications and SEC-furnished press releases.
Uxin Limited (Nasdaq: UXIN) will report its unaudited financial results for Q2 FY2022 on December 15, 2021. The results cover the period ending September 30, 2021. Management will host a conference call at 8:00 a.m. ET on that date. Participants must preregister online due to COVID-19 restrictions. A replay of the call will be available until December 22, 2021. Uxin, as a leading online used car dealer in China, aims to facilitate convenient car purchases through its digital platform, offering high-quality used cars and comprehensive aftersales services.
Uxin Limited (NASDAQ: UXIN) announced its inclusion in the MSCI Global Small Cap Index - China, effective after the U.S. market close on November 30, 2021. This milestone reflects Uxin's successful business transformation to an inventory-owning model. CFO John Lin stated this achievement highlights the company's commitment to innovation and customer-centric practices. The MSCI index, which consists of 254 constituents, represents approximately 14% of the China equity universe. Uxin aims to empower consumers to purchase quality used cars online efficiently.
Uxin Limited (Nasdaq: UXIN) announced its unaudited financial results for the quarter ended June 30, 2021. The company reported total revenues of RMB277.8 million (US$43.0 million), a significant increase from RMB62.2 million year-over-year. Transaction volume rose to 3,011 units, but decreased from 3,887 units in the same period last year. The gross margin improved to 4.0%, a recovery from negative 28.4% last year. Loss from continuing operations narrowed to RMB50.7 million (US$7.9 million) from RMB128.4 million last year. Uxin expects revenues between RMB310 million and RMB330 million for Q3 2021.
Uxin Limited (Nasdaq: UXIN), a top online used car dealer in China, will report its unaudited financial results for Q1 FY2022, ending June 30, 2021, on September 24, 2021, before U.S. market opening. A conference call hosted by management will occur on the same day at 8:00 a.m. ET. Due to COVID-19, pre-registration is required for participants. Uxin is focused on providing a wide selection of value-for-money used cars and comprehensive aftersales services to enhance consumer experience.
Uxin Limited (Nasdaq: UXIN), a leading online used car dealer in China, announced the filing of its annual report on Form 20-F for the fiscal year ending March 31, 2021, with the SEC on July 30, 2021. The report, accessible via the company's investor relations site and the SEC's website, includes audited consolidated financial statements. Uxin provides a nationwide selection of high-quality used cars, comprehensive aftersales services, and a convenient online purchasing experience, aiming to facilitate efficient car buying across China.
Uxin Limited (Nasdaq: UXIN) reported its fourth quarter and fiscal year results for the year ended March 31, 2021. Total revenues were RMB196 million (US$29.9 million), down from RMB322.9 million in the prior quarter. The company achieved a gross margin of 4.6%, up from 2.9% previously. For the fiscal year, revenues totaled RMB657.4 million (US$100.3 million), reflecting a decline from RMB1.36 billion the previous year. Uxin’s non-GAAP adjusted loss from continuing operations decreased by 40% to RMB98 million compared to the last quarter. With US$315 million in new funding, Uxin aims to strengthen its inventory-owning model and expand operations.
Uxin Limited (Nasdaq: UXIN) is set to announce its unaudited financial results for the fourth quarter and fiscal year 2021 on July 30, 2021. The results cover the period ending March 31, 2021. A conference call will follow at 8:00 a.m. U.S. Eastern Time. Due to COVID-19, preregistration is required for participants, and the details will be provided upon registration. A replay of the call will be accessible until August 6, 2021, and further information can be found on Uxin's Investor Relations webpage.
Uxin Limited (NASDAQ: UXIN) has successfully closed the first tranche of its financing transaction, raising US$100 million by issuing senior convertible preferred shares to NIO Capital and Joy Capital. Concurrently, convertible notes worth US$69 million were converted into Class A ordinary shares. The company has made significant changes to its Board of Directors, appointing four new members and seeing several resignations. Uxin aims to enhance its business development with this new board composition, following a pivotal business transformation.
Uxin Limited (Nasdaq: UXIN), a major online used car dealer in China, announced a substantial investment of up to US$315 million from NIO Capital and Joy Capital. Concurrently, they agreed to convert US$69 million in convertible notes into Class A ordinary shares. Over ten key investors will refrain from selling their shares for nine months. The company aims to leverage its strong market position to drive growth in China's evolving used car sector, focusing on delivering value to customers. The investment reflects confidence in Uxin's strategy amid market challenges.
Uxin Limited (UXIN) announced its Q4 2020 financial results, reporting total revenues of RMB322.9 million (US$49.5 million), down from RMB466.4 million year-over-year. The company completed its transition to an inventory-owning model, with 99% of transactions from its own inventory. Gross margin improved to 2.9%, up from negative 22.4% in the previous quarter. Despite a net loss of RMB172.9 million (US$26.5 million), this was a significant decrease from RMB966.7 million a year ago. Uxin also revealed a strategic partnership with JD.com and potential investments of up to US$300 million from Asian funds.