Uxin (NASDAQ: UXIN) shares plummeted 5.98% in intraday trading following the release of its Full Year 2024 financial results. Despite reporting a 30% year-over-year increase in revenue to CN¥1.81 billion, investors appeared to focus on the company's widening losses, triggering a significant sell-off.

The Chinese used car e-commerce platform disclosed that its net loss expanded by 13% compared to the previous fiscal year, reaching CN¥348.7 million. This translates to a loss per share of CN¥2.39, which, while an improvement from the CN¥64.67 loss per share in FY 2023, still indicates ongoing profitability challenges for the company.

While Uxin's revenue growth demonstrates the expanding market for its services, the persistent and growing losses suggest that the company is struggling to achieve profitability despite its increasing scale. Investors seem to be losing patience with the company's financial performance, as reflected in today's sharp stock price decline. The market reaction highlights the importance of bottom-line results, even in the face of top-line growth, particularly in the current economic climate where profitability is increasingly scrutinized.