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    UXIN   US91818X1081

UXIN LIMITED

(UXIN)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 10/26 01:35:09 pm
2.365 USD   -2.67%
10/04China's Used-Car Sales Surge Over 40% in January-August Period
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Uxin : Entered into Strategic Partnership to Build Major Used Car Inspection and Reconditioning Plant in Hefei, China

09/24/2021 | 07:52am EDT

Uxin Entered into Strategic Partnership to Build Major Used Car Inspection and Reconditioning Plant in Hefei, China

September 24, 2021

BEIJING, Sept. 24, 2021, Uxin Limited ("Uxin") and Changfeng County Government of Hefei City have recently entered into a strategic partnership to jointly invest in and build a used car inspection and reconditioning plant. With a total investment of up to RMB2.5 billion, the plant is expected to have an annual production capacity of 60,000 to 100,000 vehicles once it is in operation in the next few years. This production capacity is expected to provide Uxin with a stable and large supply of high quality used vehicles in the coming years.

信与合肥政府达成关于合投二手再制造工厂的合作

信集和合肥丰政府达成略合作,合投25亿人民共建二手再制造工厂。工厂投后,将实现6-10万台的二手再制造模,为优 信零售业务提供高量的车辆

About Uxin

Uxin Limited (Nasdaq: UXIN) is a leading nationwide online used car dealer in China. With its offerings of high-quality used cars and best-in-class purchasing services, Uxin's mission is to enable people to buy the car of their choice online. Uxin's one-stop online shopping mall provides consumers with a nationwide selection of value-for-money used cars, various value-added products and services as well as comprehensive aftersales services. Its online sales consultants offer professional consulting to facilitate a convenient and efficient car purchase for consumers in a timely fashion. Its comprehensive fulfillment network supports nationwide logistics and delivery as well as title transfers between different cities across China so as to fulfill these online transactions.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements which are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical fac including statements about Uxin's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Uxin's filings with the United States Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Uxin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media enquiries, please contact:

Investor Relations

Uxin Limited

Tel: +86 10 5691-6765

Email: ir@xin.com

Eric Yuan

Christensen

Tel: +86 10 5900 1548

Email: uxin@christensenir.com

Disclaimer

Uxin Ltd. published this content on 24 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 September 2021 11:51:04 UTC.


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Financials
Sales 2021 657 M 103 M 103 M
Net income 2021 -421 M -66,0 M -66,0 M
Net Debt 2021 1 780 M 279 M 279 M
P/E ratio 2021 -6,68x
Yield 2021 -
Capitalization 6 166 M 966 M 966 M
EV / Sales 2020 3,91x
EV / Sales 2021 6,69x
Nbr of Employees 693
Free-Float 80,6%
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 2,43 
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Spread / Average Target -
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Managers and Directors
Dai Kun Chairman & Chief Executive Officer
Feng Lin Chief Financial Officer
Zhitian Zhang Chief Operating Officer
Rong Lu Independent Director
Cheng Lu Independent Director
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