Uxin Q4 Earnings Call Highlights

2 months ago 27

MarketBeat

Mon, April 13, 2026 astatine 10:43 AM CDT 9 min read

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  • Uxin posted accelerated retail maturation with 51,110 units successful 2025 (+135% YoY) and 19,160 units successful Q4 (+124% YoY), portion expanding its superstore footprint (five stores astatine end‑2025, Tianjin opened March 2026) and targeting 4–6 caller superstores successful 2026 to transcend 10 by year‑end arsenic it pursues a long‑term accidental crossed >200 cities and an estimated >3 cardinal yearly retail market.

  • Margins were pressured by promotional pricing and aboriginal ramp costs astatine caller stores—Q4 gross borderline fell to 6.8% with an adjusted EBITDA nonaccomplishment of RMB 27.2m—but full‑year gross borderline held astatine 6.7% and adjusted EBITDA nonaccomplishment narrowed 28% YoY, and absorption expects gross borderline to retrieve to above 7% arsenic caller stores mature implicit 6–9 months.

  • For Q1 2026 Uxin guided retail measurement of 16,200–16,500 units (>110% YoY) and gross of RMB 1.05–1.07 billion, and expects ASP to inclination higher (above RMB 61,000) with gross maturation outpacing transaction maturation successful 2026.

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Uxin (NASDAQ:UXIN) highlighted accelerated maturation successful retail used-car transactions and continued enlargement of its “superstore” footprint during its net telephone for the 4th fourth and full-year ended Dec. 31, 2025. Founder and CEO Dai Kun and CFO John Lin besides discussed borderline dynamics tied to caller store ramp-ups and provided first-quarter 2026 guidance.

In prepared remarks, Dai described China’s used-car marketplace arsenic inactive comparatively aboriginal successful its improvement contempt a ample installed basal of vehicles. Management said China’s conveyance ownership has approached 370 cardinal units and that used-car transaction measurement exceeded 20 cardinal units successful 2025 for the archetypal time, representing astir 5.5% of full conveyance ownership. Dai contrasted that with 10% to 15% levels emblematic of much mature markets, suggesting important runway if China’s penetration complaint rises.

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Dai said consumers are progressively focused connected transparency successful conveyance condition, just pricing, nonrecreational service, and reliable after-sales support. He positioned Uxin’s strategy arsenic a “modern retail approach” that uses self-operated reconditioning factories to enactment conveyance quality, paired with offline superstores and an online marketplace to connection a one-stop purchasing acquisition and after-sales services.

Uxin reported full-year 2025 retail transaction measurement of 51,110 units, up 135% year-over-year, which absorption said marked the 2nd consecutive twelvemonth of much than 130% growth. Total gross for 2025 was RMB 3.24 billion, up 79% year-over-year, portion Dai added that inventory turnover days for vehicles disposable for merchantability remained unchangeable astatine astir 30 days arsenic the institution scaled.

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