Q4 2024 Uxin Ltd Transition Period Ending December 31, 2024 Earnings Call Transcript
Key Points
- Uxin Ltd (UXIN) achieved a significant year-over-year increase in retail transaction volume, growing by over 130% in 2024.
- The company reported positive adjusted EBITDA for the first time on a quarterly basis in Q4 2024, indicating improved financial health.
- Uxin Ltd (UXIN) maintained an efficient inventory turnover cycle of approximately 30 days, supporting sustained sales growth.
- The company's Net Promoter Score improved to 65 in Q4 2024, reflecting enhanced customer satisfaction and loyalty.
- Uxin Ltd (UXIN) plans to open two to four new superstores in 2025, aiming for over 100% growth in retail transaction volume and positive full-year adjusted EBITDA.
- The average selling price for retail vehicles decreased significantly, impacting revenue despite increased sales volume.
- Wholesale revenue declined by 31% year over year in Q4 2024, indicating challenges in that segment.
- The company faced macroeconomic headwinds and an intense price war in the new car segment, affecting the used-car market.
- Uxin Ltd (UXIN) operated its Xi'an and Hefei superstores at less than 50% capacity, indicating underutilization of resources.
- The company's cash balance remained relatively low, necessitating external financing to support business expansion.
Greetings and welcome to the Uxin fourth-quarter and full-year 2024 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Mr. Jack Wang. Please go ahead, sir.
All right, thank you, operator, and hello, everyone. Welcome to Uxin's earnings conference call for the fourth quarter and full year ended December 31, 2024. On the call with me today, we have DK, our founder and CEO; and John Lin, our CFO. DK will review business operations and company highlights, followed by John, who will discuss financials and guidance. They will both be available to answer questions during the Q&A session that follows.
And before we proceed, I would like to remind you that this call may contain forward-looking statements, which are inherently subject to risks and uncertainties that may cause actual results to differ from our current expectations. For detailed discussions of the risks and uncertainties, please refer to our
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