Uxin reports 29.7% Q2 revenue growth, raises annual guidance to 130%.
ByAinvest
Monday, Sep 29, 2025 1:07 pm ET1min read
UXIN--
The company's Wuhan superstore, opened in February, exceeded expectations with monthly sales of 1,400 units. Uxin also launched its fourth superstore in Zhengzhou on September 27, 2025, further expanding its market presence [1]. The retail vehicle sales segment drove the growth, generating RMB607.6 million (US$84.8 million), up 87.0% from the same period last year [1].
However, profitability metrics show persistent challenges. Gross margin contracted to 5.2% from 7.0% in the previous quarter and 6.4% a year ago, primarily due to aggressive new car promotions in China and the early-stage ramp-up of the Wuhan superstore [1]. The operational loss widened to RMB43.1 million (US$6.0 million) from RMB35.3 million in the previous quarter, though it improved from RMB62.5 million year-over-year. Non-GAAP adjusted EBITDA showed a loss of RMB16.5 million (US$2.3 million), deteriorating from RMB8.9 million last quarter but improving substantially from RMB33.9 million a year ago [1].
Management has raised its full-year growth guidance to 130% compared to 2024, with Q3 2025 projections of 13,500-14,000 retail units (125% YoY growth), revenues between RMB830-860 million, and a gross margin recovery to approximately 7.5% [1]. The liquidity position remains challenging, with current liabilities exceeding current assets by RMB202.2 million and an accumulated deficit of RMB19.7 billion. However, management believes current cash and planned financings are sufficient to meet obligations for the next twelve months [1].
Uxin's expansion strategy continues with the September 27 opening of its fourth superstore in Zhengzhou, following successful launches in Xi'an, Hefei, and Wuhan, demonstrating the company's ability to scale its business model across major Chinese cities [2].
Uxin reports Q2 revenue of $91.89mln, a 29.7% increase. The company has raised its full-year growth guidance to 130%. Strong transaction volume growth is attributed to expanding market presence and effective business strategies.
Uxin (NASDAQ: UXIN), a leading used car retailer in China, has released its unaudited financial results for the second quarter of 2025, showcasing significant growth in transaction volume and revenues. The company reported a retail transaction volume of 10,385 units, representing a 153.9% year-over-year (YoY) increase and a 37.6% sequential growth [1]. Total revenues reached RMB658.3 million (US$91.9 million), up 64.1% YoY and 30.6% sequentially [1].The company's Wuhan superstore, opened in February, exceeded expectations with monthly sales of 1,400 units. Uxin also launched its fourth superstore in Zhengzhou on September 27, 2025, further expanding its market presence [1]. The retail vehicle sales segment drove the growth, generating RMB607.6 million (US$84.8 million), up 87.0% from the same period last year [1].
However, profitability metrics show persistent challenges. Gross margin contracted to 5.2% from 7.0% in the previous quarter and 6.4% a year ago, primarily due to aggressive new car promotions in China and the early-stage ramp-up of the Wuhan superstore [1]. The operational loss widened to RMB43.1 million (US$6.0 million) from RMB35.3 million in the previous quarter, though it improved from RMB62.5 million year-over-year. Non-GAAP adjusted EBITDA showed a loss of RMB16.5 million (US$2.3 million), deteriorating from RMB8.9 million last quarter but improving substantially from RMB33.9 million a year ago [1].
Management has raised its full-year growth guidance to 130% compared to 2024, with Q3 2025 projections of 13,500-14,000 retail units (125% YoY growth), revenues between RMB830-860 million, and a gross margin recovery to approximately 7.5% [1]. The liquidity position remains challenging, with current liabilities exceeding current assets by RMB202.2 million and an accumulated deficit of RMB19.7 billion. However, management believes current cash and planned financings are sufficient to meet obligations for the next twelve months [1].
Uxin's expansion strategy continues with the September 27 opening of its fourth superstore in Zhengzhou, following successful launches in Xi'an, Hefei, and Wuhan, demonstrating the company's ability to scale its business model across major Chinese cities [2].
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