Uxin’s 2C transaction volume exceeds 97,000 units in 2019

Uxin’s 2C transaction volume exceeds 97,000 units in 2019
On April 27th, Beijing time, Uxin Group (Nasdaq: UXIN) released its 2019 annual results showing that the volume of 2C transactions in 2019 exceeded 97,000 units, an increase of 153.8%; expected 2C business revenue is 13.4.7 billion, an annual increase of 264.5%.At the same time, the company continued to operate business feasibility12.9.2 billion yuan, 24 compared with the same period last year.The advantage of $ 8.8 billion is 50%.In the Q4 2019 quarter, the turnover exceeded 28,000 vehicles, an annual increase of 26.5%; total revenue 4.6.6 billion, an increase of 61 per year.2%; 2C business income 3.8.8 billion yuan, an increase of 64 from the same period last year.6%; achieve gross profit 2.7.6 billion yuan, an increase of 108 from the same period last year.8%; gross margin is 59.2%, higher than 45 in the same period last year.7%.At the same time, excluding the influence of the guarantee responsibility and credit loss provision factors generated by the historical loan assistance business, the company has the potential to continue its business operations.4.4 billion US dollars, exceeding the expected upper limit.Dai Kun, founder, chairman and chief executive officer of Uxin, introduced that in 2020, Uxin accelerated the implementation of two major strategies, namely “service model upgrade” and “cost structure optimization” to adjust its business.In terms of service model upgrade, standardize charging standards, transform service methods and purchase processes to enhance consumers’ online shopping experience; and optimize cost structure, simplify the management structure and related processes on the basis of replacing purchase service processes.On March 24th, Beijing time, 58 Tongcheng announced a long-term agreement with Uxin Group, a used car e-commerce platform, to 1.Acquired assets related to Uxinpai’s business for US $ 0.5 billion.After the completion of this transaction, 58 Tongcheng will build an efficient second-hand car industry circulation system based on the flow advantage of the second-hand car platform and integrate the auction business of Uxinpai.In May 2019, Uxin issued an announcement to announce the completion of a new round of financing. Uxin and 58 cities reached a strategic cooperation. Huaping Investment, TPG and other investment institutions continued to follow the investment, and the amount of funds raised was about 2.300 million US dollars.Editor Xu Chao proofreading Liu Jun

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