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
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
