The following is a summary of the Uxin Limited (UXIN) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Q4 reported total retail revenue of RMB 269 million, reflecting a 2% year-over-year increase.

• Gross profit margin for the quarter improved to 6.6%, showing substantial growth from the same period last year.

• Adjusted EBITDA for fiscal year 2024 was RMB 176 million loss; a nearly 40% reduction from previous fiscal year.

Business Progress:

• Launched strategic partnership with Zhengzhou Airport District government for a new superstore with a joint investment of RMB 170 million.

• Plans for expansion include increasing the number of superstores, aiming for rapid growth in sales volumes.

• Enhanced retail operational capabilities, achieving significant improvement in inventory turnover and sales efficiency.

Opportunities:

• The ongoing expansion of the used car market in China, supported by favorable government policies and incentives, provides a growth avenue for Uxin.

• Anticipates adjusting to new car price stabilization and leveraging this for improved profitability in used cars.

Risks:

• Intense price competition among domestic car manufacturers and changing economic conditions in China pose challenges to profitability.

More details: Uxin IR

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