Uxin Limited (UXIN) 28 Apr 212021 Q3 Earnings call transcript

Ladies and gentlemen, thank you for standing by and welcome to Uxin’s Earnings Conference Call for the Quarter Ended December 31, 2020. At this time, all participants are in a listen-only mode. And after management’s prepared remarks, there will be a Q&A session. Today’s conference call is being recorded.

If you have any objections, you may disconnect at this time. to conference call call like host to now today's for to would turn over the your I Eric Yuan. sir. ahead go Please

Thank December Welcome for everyone. you, earnings operator. call conference to the XXXX. Uxin’s ended quarter Hello,

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Before forward-looking or the which remind U.S. may applicable provisions we under on Uxin Act like statements. that you any based to involve current and to differ forward-looking the are risks as to Reform results statements, management’s that start, obligations I about could statements would and actual knowledge not from of events this those call the statements the uncertainties, assumptions XXXX. materially except Private update of law. undertake any Safe future known in cause contain Securities Litigation does under These forward-looking made Harbor unknown required and

over Please For will with our turn our that, the With and about I potential go D.K. to ahead call please sir. filings refer SEC. the CEO, the more uncertainties, information to now risks

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comparable with However, this our industry is we more believe peers.

expenses, With gross RMBXXX million mainly operating in to last our to also operating related continuing cutting we and overall we expect expenses expenses liabilities with the cost million million RMBXXX expenses was [Indiscernible] year. loans. and in same period RMBXXX To decreased cost the actions facilitated rise the due in about compared and quarters. will management. improved coming operational through the various also in and margin cost the the last Total quarter gradually historically Total that transformation talk completed, last more for efficiencies decrease

compared around by in inventory salaries business our were items of efficient model, car professional before classified strategy, by and expenses fees aim cost adoption only the whereas marketing most to the in most reclassified our decreased expenses XX% employees Due marketing we grow of level. corresponding and part expenses for with after as as year-over-year, period revenues. As decreased XX% been services at the sourcing, such sales The the sales a van to have of inspections, engaged and the the benefits XXXX.

this expenses costs quarter year-over-year a labor expenses a with excluding X% operating costs decreased expenses be speaking, pay, XX% the total previous a quarters. the by Overall speaking labor of may overall expenses, severance not labor So and and comparable quarter-over-quarter.

last X, our in and RMBXXX for cost the financials will million of million RMBXXX be and About was the cash RMBXXX believe based months quarter the position. our compared long adjusted we from three was run. million compensation last period and same our with ahead, compared XXXX RMBXXX expensive share was for loss in quarter excluding the year. RMBXXX December the loss December Looking three continuing ended period months million ended productive in last million benefit XX, average same Non-GAAP The and the saving net the impact operations ongoing year. million XXXX last RMBXXX

with cash XXXX we million XXXX. RMBXXX RMBXXX equivalents compared of As of December XX, and of September as million cash had XX,

our remove subject significantly terms will operation. improved. This for our to $XXX that XX, the million ended in continuing potential the the three of the of be company's fulfillment the concerns XXXX. help ongoing months up sums this results Assuming is We believe investment on sheet. up cash position the December is That a investment completed, to financial will

used festival XX, car offseason the due Chinese Moving traditional to market to our XXXX spring the March holiday. The in guidance. was ended quarter

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question you. from Thank of comes line first the [Indiscernible] Our Capital. [Operator Instructions]

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Ladies you. conclude the that conference today thank Thank for and and for gentlemen does participating. you

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