Uxin Limited (NASDAQ: UXIN) Q1 2026 Earnings Call | 06/12/2025

13 days ago

24:40

Inside Ticker

Earnings Calls

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Yuxin held its Q1 2025 earnings conference call, hosted by Jack Wayne, with CEO DK and CFO John Lin.

Key Highlights:

Strong Q1 2025 Performance: Yuxin achieved a retail transaction volume of 7,545 units, a 142% year-over-year increase, demonstrating strong business model resilience despite the Chinese New Year holiday impact. Vehicle turnover remained high at around 30 days.
Market Share and Expansion: Yuxin holds over 15% market share in its core markets of Xi'an and Hefei. The new Superstore in Wuhan, a significant automotive hub, began trial operations in February 2025 and is showing promising initial results, with sales and inventory steadily increasing. Yuxin plans to open 2-3 new locations later this year.
Financial Results (Q1 2025):
- Retail revenue: 470 million RMB (73% year-over-year increase, 16% sequential decrease).
- Average Selling Price (ASP) for retail vehicles: 62,000 RMB (down from 86,000 RMB last year due to focus on more affordable inventory).
- Wholesale transaction volume: 719 units (down 23% year-over-year).
- Total revenue (retail + wholesale): 504 million RMB (58% year-over-year increase, 16% sequential decrease).
- Gross margin: 7% (up 40 basis points from 6.6% year-ago, consistent with prior quarter).
- Adjusted EBITDA loss: 8.9 million RMB (78% reduction year-over-year), primarily due to Wuhan Superstore ramp-up expenses.
Q2 2025 Outlook: Yuxin expects retail transaction volume to be between 10,000 to 10,500 units (over 140% year-over-year growth) and total revenue to be between 616 million RMB and 630 million RMB.
Impact of New Car Price Wars: While the new car price competition, particularly in the NEV segment, has created some pricing pressure on used car segments, Yuxin manages this by:
- Dynamically adjusting pricing to maintain competitiveness and accelerate sales, minimizing inventory devaluation.
- Actively managing inventory structure to diversify away from highly sensitive, nearly new vehicles.
- Believing the current price cutting is not sustainable and a short-term situation.
NEV Business: Used NEV transactions in China are growing rapidly (over 30% year-over-year in Q1), representing about 7% of total used car transactions. NEVs currently account for approximately 9% of Yuxin's retail unit sales (January-April 2025), showing over 100% year-over-year growth for Yuxin in this segment. Uxon's systems are well-prepared to incorporate NEVs, and their share in the business is expected to naturally increase as the EV market expands.

About this video

Uxin Limited (NASDAQ: UXIN), China’s leading used car retailer, reported Q1 2026 results on June 12, 2025, showing significant year-over-year improvement in both revenue and profitability. Total revenues surged 58% year-over-year to RMB504.2 million (US$69.5 million), driven by a 141.5% increase in retail transaction volume to 7,545 units, even as total transaction volume dipped 12.4% sequentially due to seasonal factors and the Chinese New Year. Gross margin improved to 7.0%, up from 6.6% a year ago, reflecting higher penetration of value-added services. The company’s net loss narrowed sharply to RMB51.4 million (US$7.1 million), compared to RMB142.7 million a year ago. Adjusted net loss attributable to ordinary shareholders improved to RMB41.6 million (US$5.7 million) from RMB102.3 million last year, and non-GAAP adjusted EBITDA loss narrowed by 78% year-over-year to RMB8.9 million (US$1.2 million). Loss from operations was RMB35.3 million (US$4.9 million), down from RMB109.8 million in Q1 2025. Earnings per share were RMB0.00, a marked improvement from a loss per share of RMB0.43 last year. Operational highlights included the successful trial launch of Uxin’s Wuhan superstore, which is rapidly ramping up inventory and sales. The company maintained a healthy inventory structure with turnover days around 30 and reported a leading net promoter score (NPS) of 65, underscoring strong customer satisfaction. Despite the positive momentum, Uxin continues to face liquidity challenges, with current liabilities exceeding current assets by approximately RMB373.5 million and an accumulated deficit of RMB19.6 billion as of March 31, 2025. Management remains confident in its ability to address these challenges through sales growth, improved margins, and planned equity and debt financings. Outlook: Q2 2026: Retail transaction volume guidance of 10,000–10,500 units Q2 2026: Total revenue guidance of RMB630–660 million Focus on scaling the Wuhan superstore, expanding value-added services, and improving operational efficiency #Uxin #UXIN #EarningsCall #Q12026 #UsedCars #RevenueGrowth #WuhanSuperstore #ChinaAuto #Retail #Investing #InsideTicker

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