lease liabilities 12,310 11,047 1,520
Current portion of finance
lease liabilities 51,160 51,984 7,153
Short-term borrowing from
third parties 71,181 105,584 14,529
Short-term borrowing from
related party 7,000 9,500 1,307
Current portion of long-term
debt (i) 291,950 - -
Total current liabilities 885,148 577,620 79,482
--------------- ------------ -----------
Non-current liabilities
Consideration payable to
WeBank (ii) - 41,947 5,772
Finance lease liabilities 1,191,246 1,210,420 166,559
Operating lease liabilities 154,846 153,171 21,077
Total non-current
liabilities 1,346,092 1,405,538 193,408
--------------- ------------ -----------
Total liabilities 2,231,240 1,983,158 272,890
=============== ============ ===========
Mezzanine equity
Redeemable non-controlling
interests 149,991 151,641 20,866
Total Mezzanine equity 149,991 151,641 20,866
--------------- ------------ -----------
Shareholders' deficit
Ordinary shares 39,806 39,807 5,478
Additional paid-in capital 18,928,837 18,942,103 2,606,521
Subscription receivable from
shareholders (107,879) (80,786) (11,117)
Accumulated other
comprehensive income 225,090 223,874 30,806
Accumulated deficit (19,378,705) (19,430,176) (2,673,681)
Total Uxin's shareholders'
deficit (292,851) (305,178) (41,993)
--------------- ------------ -----------
Non-controlling interests (231) (240) (33)
--------------- ------------ -----------
Total shareholders' deficit (293,082) (305,418) (42,026)
=============== ============ ===========
Total liabilities, mezzanine
equity and shareholders'
deficit 2,088,149 1,829,381 251,730
=============== ============ ===========
* Share-based compensation charges included are as follows:
For the three months ended June 30,
---------------------------------------
2023 2024
------------- ------------------------
RMB RMB US$
Sales and marketing 332 136 19
General and administrative 9,425 11,784 1,622
Research and development 394 128 18
Uxin Limited
Unaudited Reconciliations of GAAP And Non-GAAP Results
(In thousands except for number of shares and per share data)
For the three months ended June 30,
---------------------------------------------
2023 2024
------------- ------------------------------
RMB RMB US$
Net loss, net of tax (91,602) (49,830) (6,855)
Add: Income tax expense 165 38 5
Interest income (102) (16) (2)
Interest expenses 5,120 22,858 3,145
Depreciation 6,413 16,577 2,281
EBITDA (80,006) (10,373) (1,426)
------------- -------------- --------------
Add: Share-based
compensation expenses 10,151 12,048 1,659
- Sales and marketing 332 136 19
- General and
administrative 9,425 11,784 1,622
- Research and
development 394 128 18
Other income (2,367) (633) (87)
Other expenses 272 800 110
Foreign exchange
(losses)/gains 425 (479) (66)
Dividend from long-term
investment (11,970) - -
Net gain from
extinguishment of debt - (35,222) (4,847)
Fair value impact of the
issuance of senior
convertible preferred
shares 36,869 - -
------------- -------------- --------------
Non-GAAP adjusted EBITDA (46,626) (33,859) (4,657)
============= ============== ==============
For the three months ended June 30,
---------------------------------------------
2023 2024
------------- ------------------------------
RMB RMB US$
Net loss attributable to
ordinary shareholders (91,600) (51,471) (7,081)
Add: Share-based
compensation expenses 10,151 12,048 1,659
- Sales and marketing 332 136 19
- General and
administrative 9,425 11,784 1,622
- Research and
development 394 128 18
Fair value impact of the
issuance of senior
convertible preferred
shares 36,869 - -
Add: accretion on
redeemable non-
controlling interests - 1,650 227
Non-GAAP adjusted net
loss attributable to
ordinary shareholders (44,580) (37,773) (5,195)
============= ============== ==============
Net loss per share for
ordinary shareholders -
basic (0.06) - -
Net loss per share for
ordinary shareholders -
diluted (0.06) - -
Non-GAAP adjusted net
loss to ordinary
shareholders per share -
basic and diluted (0.03) - -
Weighted average shares
outstanding - basic 1,423,659,403 56,412,679,304 56,412,679,304
Weighted average shares
outstanding - diluted 1,423,659,403 56,412,679,304 56,412,679,304
Note: The conversion of Renminbi (RMB) into U.S. dollars $(USD)$ is based
on the certified exchange rate of USD1.00 = RMB7.2672 as of June 28,
2024 set forth in the H.10 statistical release of the Board of Governors
of the Federal Reserve System.
View original content:https://www.prnewswire.com/news-releases/uxin-reports-unaudited-first-quarter-of-fiscal-year-2025-financial-results-302255388.html
SOURCE Uxin Limited
(END) Dow Jones Newswires
September 23, 2024 04:34 ET (08:34 GMT)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.