Uxin Limited, an investment holding company, operates as a used car retailer in the People’s Republic of China. The company offers used-car acquisition, inspection, reconditioning, warehousing, and pre-sales and after-sales services; and warranty and repair, door-to-door delivery, and title transfers and vehicle registration services, as well as value-added products and services, such as auto financing options and insurance products. It sells used vehicles directly to its customers through its e-commerce platform, as well as to wholesalers through offline dealership. The company was founded in 2011 and is headquartered in Beijing, the People’s Republic of China.
Uxin Reports Unaudited Financial Results for the Quarter Ended June 30, 2026
Uxin reported Q2 FY26 revenue of RMB1,151.2 million (US$169.7 million), up 74.9% year over year, with transaction volume of 21,899 units, up 88.7% YoY.
Profitability deteriorated sharply: gross margin fell to -0.7% from 5.2% a year ago, net loss widened to RMB178.4 million from RMB67.6 million, and adjusted EBITDA loss reached RMB119.8 million, which management attributed to a rapid downturn in used-car prices and accelerated inventory sell-through.
Liquidity is a key watch item: cash was just RMB82.6 million, current liabilities exceeded current assets by RMB201.0 million, and the company is relying on planned equity and loan financings, including US$50.0 million committed by NIO Capital affiliates and Prestige Shine, of which US$4.0 million remains to be funded.
Management guided Q3 retail volume of 20,500-21,000 units, revenue of RMB1,160-1,190 million, and a gross margin recovery above 6.0%; CEO Kun Dai also committed to buying up to US$5.0 million of ADSs over 12 months.