Uxin Limited announced its unaudited financial results for the quarter ended June 30, 2025, reporting a retail transaction volume of 10,385 units. This represents a 154% year-over-year increase and marks the fifth consecutive quarter of growth above 140%.
Total revenues for the quarter reached RMB658.3 million (US$91.9 million), an increase of 64.1% year-over-year. Retail vehicle sales revenue grew by 87.0% year-over-year to RMB607.6 million (US$84.8 million), driven by improved inventory availability and the ramp-up of the new Wuhan superstore.
The gross margin for Q2 2025 was 5.2%, a decrease from 7.0% in the prior quarter and 6.4% in the same period last year. This decline was attributed to aggressive promotions in China's new car sector and the early-stage ramp-up of the Wuhan superstore. Uxin expects its overall gross margin to recover to approximately 7.5% in the third quarter of 2025.
Non-GAAP adjusted EBITDA was a loss of RMB16.5 million (US$2.3 million) for the quarter, compared to a loss of RMB8.9 million in the previous quarter. The Wuhan superstore, which commenced trial operations in February 2025, performed ahead of expectations, achieving monthly sales of about 1,400 units.
For the third quarter ending September 30, 2025, Uxin expects retail transaction volume to range between 13,500 and 14,000 units, representing over 125% year-over-year growth. Total revenues are projected to be between RMB830 million and RMB860 million. The company also raised its full-year 2025 retail transaction volume growth guidance to approximately 130% compared to calendar year 2024.
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