On September 29th, Beijing time, Uxin Group (UXIN.US), China's leading used car retailer, released its unaudited second quarter financial results for the period ended June 30, 2025. The financial report showed that the company's sales volume and revenue achieved substantial growth both year-on-year and quarter-on-quarter, with the warehouse-style mega store model demonstrating strong growth potential.

In the second quarter, Uxin Group's total transaction volume reached 11,606 vehicles, representing a significant year-on-year increase of 107.1% and a quarter-on-quarter growth of 40.4%. Retail transaction volume was 10,385 vehicles, up 153.9% year-on-year and 37.6% quarter-on-quarter, marking the fifth consecutive quarter with year-on-year growth exceeding 140%.

Benefiting from the rapid increase in sales volume, Uxin Group's total revenue in the second quarter reached RMB 658 million, up 64.1% year-on-year and 30.6% quarter-on-quarter. Retail revenue was RMB 608 million, up 87.0% year-on-year and 30.5% quarter-on-quarter, remaining the primary support for the business.

The company's gross margin was 5.2%, which declined from 6.4% in the same period last year, but overall operational quality continued to improve steadily. Under Non-GAAP measures, adjusted EBITDA loss further narrowed to RMB 16.5 million, representing a reduction of over 50% year-on-year.

On the operational front, Uxin's mega stores maintained stability with inventory turnover days of approximately 30 days, and the Net Promoter Score (NPS) remained at 65, continuing to significantly lead the industry. The Wuhan warehouse mega store achieved multiple-fold sales growth after trial operations, further validating the replicability and growth potential of the "offline warehouse mega store + online nationwide shopping" model.

Lin Feng, Chief Financial Officer of Uxin Group, stated that against the backdrop of the traditional off-season and new store openings, the company still achieved high-speed growth in transaction volume and revenue with significantly narrowed losses, fully demonstrating the resilience and profit potential of the business model. He expects gross margin to rebound strongly in the third quarter.

Dai Kun, Founder, Chairman and Chief Executive Officer of Uxin Group, indicated that the replication and expansion of the mega store model is progressing smoothly. The Wuhan store performance exceeded expectations with steadily improving profitability, becoming a new growth engine. As more city projects are gradually implemented, the company's sales volume and revenue will continue to grow, continuously consolidating its leading position in China's used car market.