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 reports recurring developments as a China-based used car retailer with Nasdaq-listed ADRs under UXIN. News centers on unaudited operating and financial results, retail vehicle sales, gross margin trends, and other revenue from its used-car transaction model.
Company updates also cover Uxin's omni-channel retail strategy, online platform, offline superstores, in-house inspection and reconditioning capabilities, warehousing, vehicle display and sale, and after-sales services in China. Recurring announcements include superstore openings, regional expansion, strategic partnerships, financing and capital-structure disclosures, and governance matters.
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.
Uxin Limited (Nasdaq: UXIN) announced a strategic partnership with JD.com on April 22, 2021, to launch a self-operated online store for used car transactions. This collaboration aims to provide consumers with a comprehensive online used car purchase experience, including inspection, purchasing, insurance, and aftersales services.
Uxin's Chairman, Kun Dai, expressed confidence in their ability to deliver high-quality service and capitalize on China's growing used car market by leveraging JD.com’s e-commerce capabilities and Uxin’s expertise.