Q4 2025 Uxin Ltd Earnings Call Transcript
Key Points
- Uxin Ltd (UXIN) achieved a 135% year-over-year increase in full-year retail transaction volume, marking the second consecutive year of over 130% growth.
- Total revenues for 2025 reached RMB3.24 billion, representing a 79% increase year over year.
- The company successfully opened three new superstores in Wuhan, Zhengzhou, and Jinan, expanding its nationwide presence.
- Uxin Ltd (UXIN) maintained stable inventory turnover days at approximately 30 days, despite scaling up inventory and sales.
- The company's Net Promoter Score reached 67, indicating high customer satisfaction and strong brand reputation.
- Gross margin for the fourth quarter of 2025 was 6.8%, down from 7.5% in the previous quarter, due to promotional activities in the new car market and the ramp-up of new superstores.
- Operating expenses increased due to the initial ramp-up of new superstores, impacting profitability.
- The average selling price (ASP) for retail vehicles decreased from RMB65,000 to RMB59,000 year over year, reflecting a shift towards a more affordable inventory mix.
- Adjusted EBITDA loss for the full year was RMB57.9 million, although it narrowed by 28% year over year.
- The company faces intense price competition in the new car market, which poses challenges for the used car industry.
Ladies and gentlemen, thank you for standing by and welcome to Uxin's earnings conference call for the quarter ended December 31, 2025. (Operator Instructions) Today's conference call is being recorded. If you have any objections, you may disconnect at this time.
I would now like to turn the call over to your host for today's conference call, Ms. Ali Wong. Please go ahead, Ali.
Thank you, operator. Hello, everyone. Welcome to Uxin's earnings conference call for the fourth quarter and full year ended December 31, 2025.
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 your questions during the Q&A session that follows.
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
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