Quarterly ResultJun 16, 2026, 09:02 AM
Uxin Q1 2026 Revenues Down 10.4% QoQ to RMB1.07B; YoY Up 112.9%
AI Summary
Uxin Ltd. reported its unaudited financial results for the quarter ended March 31, 2026. While transaction volume and total revenues saw a sequential decline due to seasonality, they experienced significant year-over-year growth. The company reported a loss from operations of RMB66.6 million and a non-GAAP adjusted EBITDA loss of RMB34.3 million. Uxin also announced a strategic partnership with Shijiazhuang State-Owned Enterprise and the launch of a new used car superstore project in Chongqing.
Key Highlights
- Transaction volume decreased 15.8% QoQ to 18,211 units, but increased 120.4% YoY.
- Total revenues decreased 10.4% QoQ to RMB1,073.7 million, but increased 112.9% YoY.
- Gross margin remained stable at 7.0%.
- Loss from operations was RMB66.6 million, compared to a loss of RMB58.7 million last quarter and RMB35.3 million last year.
- Non-GAAP adjusted EBITDA loss was RMB34.3 million, compared to a loss of RMB27.2 million last quarter and RMB8.9 million last year.
- Uxin announced a strategic partnership with Shijiazhuang State-Owned Enterprise for a new subsidiary.
- A new used car superstore project was launched in Chongqing, expected to begin operations in 2026.
Price Impact
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