Q1 2026 Uxin Ltd Earnings Call Transcript
Key Points
- Retail transaction volume reached 16,530 units, marking a 119% year-over-year increase.
- Gross margin remained stable at 7.7%, consistent with the previous quarter.
- Net promoter score improved to 68, maintaining a high industry ranking.
- The Tianjin Superstore commenced operations, expanding the company's footprint in North China.
- Strategic partnerships with municipal governments in Chengqing and Shizajuang were announced to enhance superstore operations.
- The Chinese auto market experienced a slowdown, with new vehicle sales declining by 20% year-over-year.
- Used car prices saw significant adjustments, with mainstream ICE vehicle prices dropping by 10% to 15%.
- Adjusted EBITDA loss increased to RMB34.3 million, up from RMB27.2 million in the previous quarter.
- Newly opened superstores operate at lower gross margins compared to mature locations.
- The company faces short-term pressure on profitability due to declining vehicle prices.
Ladies and gentlemen, thank you for standing by. And welcome to Uxin's earnings conference call for the quarter ended March 31, 2026. (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 first quarter ended March 31, 2026. 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 differ from our current
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