Uxin Group not only released its Q1 2022 financial report, but also released its fiscal year annual report for 2022 and an ESG Report. The annual report indicated the company's well performance in last year. And the ESG report implies the company's huge potential to lead the industry to transform better.
On July 28, Uxin Group (UXIN: NASDAQ) released its 2022 fiscal year annual financial report. Uxin Group is a China's leading online used car dealer platform. In the fiscal year 2022, its total revenue was CNY 1.64 billion, up 149% year-over-year. Uxin Group sold 15,755 used cars, an increase of 49% year-over-year compared with 10,566 in the previous fiscal year.
This fiscal year marked Uxin’s first year of full transformation into a self-build inventory model. It successfully completed its upgrade from online sales to the service model of the combination of warehouse and online integration. It has two hypermarkets in Mainland China, located at Xi’an and Hefei.
Together with its publishment of the annual financial report, Uxin also released its Q1 financial report and an ESG report. The information of its Q1 financial report has already been published via our website earlier. The ESG report is the first ESG report that Uxin published. In the ESG report, Uxin detailly explained its continuous efforts in product responsibility, technological innovation, green and low carbon, talent development, and corporate governance. Its plan of promoting green and low carbon, based upon TCFD, could improve product quality and safety through the high-quality refurbishment of used cars, in order to prolong the life cycle of used cars and achieve circular and green consumption. Uxin also created a standard for used cars, providing a fairer cost and better used car. The creation of social responsibility could promote the company’s long-term development. Uxin integrates online and offline shopping, providing a one-stop service experience. Meanwhile, it has broken the restriction of regions in the used car industry.