Uxin Reports Q1 Loss but Revenue Rises by 38.8%

In a recent report, Uxin disclosed a first-quarter net loss of RMB 49.8 million, narrowing from last year's loss. Total revenues surged by 38.8% to RMB 401.2 million due to increased vehicle sales. The outlook for the second quarter shows cautious optimism with expected revenue growth.

Date: 23-09-2024

AI Rating: 7

Uxin's report highlights several important metrics that could influence stock prices. Firstly, the net income has improved, with a net loss of RMB 49.8 million, a decrease from RMB 91.6 million a year ago. This improvement indicates a move towards operational stability, which can positively affect investor sentiment.

The company's significant revenue growth of 38.8% to RMB 401.2 million is a strong positive indicator. This increase is attributed to a rise in retail vehicle sales revenue, demonstrating robust demand in their market. Such growth can attract investor interest and support a stronger stock price.

The transaction volume of 5,605 units marks a striking 72.2% increase, suggesting improved market penetration and consumer confidence. The projected transaction volume for Q2 is within the range of 5,800 to 6,000 units, which shows consistency and ongoing demand.

For the second quarter, the estimates for total revenues between RMB 480 million to RMB 500 million coupled with an expected non-GAAP adjusted EBITDA loss of less than RMB 10 million reflect cautious optimism. If these targets are met or exceeded, it could further positively impact stock performance.

Stocks: UXIN