Unaudited financial results of Uxin Limited (NASDAQ: UXIN)

Non-GAAP adjusted net loss from continuing operations, which leaves out share-based payment expenditures of RMB27.1 M and fair worth change of derivative liabilities in the quantity of nil, was RMB332.9 M (US$ 48.4 M) in the second quarter of 2019, a decrease from RMB399.4 M in the very same period last year.

Uxin Limited (NASDAQ: UXIN), recently reported its unaudited financial outcomes for the 2nd quarter ended June 30, 2019.

Since June 30, 2019, the Company had money and cash equivalents of RMB782.9 M (US$ 113.9 M).

Total incomes increased to RMB439.2 M (US$ 63.9 M) in the second quarter of 2019, representing a raise of 58.3% from RMB277.5 M in the same period in 2015.

Loss from continuing operations was RMB342.3 M (US$ 49.8 M) in the second quarter of 2019, a decline from RMB1,257.6 M in the exact same period in 2015.

Gross profit increased to RMB234.3 mmm (US$ 34.1 M) in the second quarter of 2019, representing a raise of 101.2% from RMB116.5 M in the same duration in 2015. Gross margin increased to 53.4% in the second quarter of 2019 from 42.0% in the very same period last year, driven by better economies of scale.

Fair value modification of acquired liabilities was nil in the second quarter of 2019, contrast to a gain of RMB1,544.2 M in the very same duration in 2015.

Uxin Limiteds (UXIN) stock rate showed weak performance of -7.12% in last 7 days, changed down -9.82% in last thirty days and it fell -44.89% in last one year. It has 308.58 M of impressive shares and its shares drift determined at 25.00.

Overall business expenses were RMB576.6 M (US$ 83.9 M) in the 2nd quarter of 2019. Overall business expenses not consisting of share-based payment expenditures were RMB549.6 M.

On Yesterday, Uxin Limited (NASDAQ: UXIN) closed with move of 0% to $2.48. Recent traded volume was 369.23 K shares versus to it an average volume of 1.24 M shares. The business holds 308.58 M shares exceptional and market cap of $765.28 M. The stock day range was recorded between a low of $2.43 and a high $2.51.

The business holds 308.58 M shares impressive and market cap of $765.28 M. The administrative and general costs, not including share-based compensation costs of RMB26.8 M, were RMB147.0 M, which represented 33.5% of total profits, a little increasing from 30.7% in the exact same period last year.
Research and development costs increased by 28.5% year-over-year to RMB56.1 M (US$ 8.2 M) in the second quarter of 2019. The research study and development costs, not consisting of share-based payment costs of RMB0.3 M, were RMB55.8 M, which represented 12.7% of total profits, contrast to 10.2% in the exact same duration last year.

Sales and marketing expenses decreased by 13.6% year-over-year to RMB346.7 M (US$ 50.4 M) in the 2nd quarter of 2019.
General and administrative expenses minimized by 81.3% year-over-year to RMB173.8 M (US$ 25.3 M) in the 2nd quarter of 2019. The decline was primarily Because of the decline in share-based compensation expenses. The basic and administrative costs, not including share-based payment expenses of RMB26.8 M, were RMB147.0 M, which represented 33.5% of total earnings, slightly increasing from 30.7% in the very same duration in 2015.
Research study and development expenditures increased by 28.5% year-over-year to RMB56.1 M (US$ 8.2 M) in the 2nd quarter of 2019. The increase was mostly Because of the boost in advantages and incomes expenditures. The research and development costs, not consisting of share-based settlement costs of RMB0.3 M, were RMB55.8 M, which represented 12.7% of total revenues, contrast to 10.2% in the same period last year.

Net loss from continuing operations was RMB359.9 M (US$ 52.4 M) in the 2nd quarter of 2019, contrast to net income from continuing operations of RMB285.1 M in the exact same period last year.

Uxin expects total incomes for the 3rd quarter of 2019 to be in the variety of RMB440M to RMB460M.

Non-GAAP adjusted loss from continuing operations, which omits share-based payment costs of RMB27.1 M, was RMB315.2 M (US$ 45.9 M) in the 2nd quarter of 2019, a reduction from RMB397.8 M in the same period last year.

Cost of revenues increased to RMB204.9 M (US$ 29.8 M) in the second quarter of 2019, representing a raise of 27.2% from RMB161.0 M in the same duration in 2015.

Ron Wolters

Ron Wolters – Technology My name is Ron Wolters, I have worked for the stock market industry for 4 years. Technology news grasps my attention the most. In early days, I started my journey with an ordinary author. Moving forward with great hard work and passion I achieve a higher position. As I believe in working hard and putting the soul in my work, I have accomplished so much success and place in Topnewsscoop.com, and now I have confidence in this, that I am the spin of this network. I have a vision of touching the sky. I wish to see this industry on a global scale one day. My other duties are that I am a contributor and an editor of the technology segment. My work is to do a critical analysis of companies and pick out the most significant information for investor network. Address: 705 Kennedy Court Worcester, MA 01609, United States of America Phone Number:  +1 774 437 8879 Email: [email protected]

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