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)
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