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Yuxin’s net loss last year narrowed by 44%. The stock price fell by more than 16% from a high of 16%.

March 14, 2019 23:04
source: First finance

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March 14th, the first share of domestic used car e-commerceExcellent letterAnnounced the fourth quarter of 2018 financial report and the full year financial report. After the release of the earnings report, the stock price of the company rose by 16%, and then the line plummeted and fell, which once fell more than 18%. As of press time, the decline was over 15%.

The data shows that UCI’s revenue in the fourth quarter of last year achieved a high-than-expected high growth rate for the third consecutive quarter. Last year, the net loss for the year was 1,533.8 million yuan, a year-on-year narrowing of 44%.

In Q18 of 2018, the revenue of Youxin was 1,136.7 million yuan, an increase of 61.6% over the same period of the previous year. In the whole year of 2018, the revenue of Youxin was 3.351 billion yuan, a year-on-year increase of 69.9%.

Q4, 2018, Youxin 2CEasy carThe number of vehicles was 168,000, a year-on-year increase of 93.6%; 2C transaction revenue was 320 million yuan, a year-on-year increase of 263.2%.

For the whole year of 2018, the net loss of the platform was 1,533.8 million yuan, and the net loss for the same period of the previous year was 2,777.8 million yuan, a year-on-year narrowing of 44%. Under non-GAAP (Non-GAAP), the platform's annual net loss was 1,671.3 million yuan, compared with 1.661 billion yuan in the same period last year. In Q18, 2018, the platform's net loss was 314.6 million yuan, a net loss of 901.6 million yuan in the same period last year; non-GAAP Q4 quarter net loss was 242.4 million yuan, compared with 488.7 million yuan in the same period last year.

In 2018, the overall GMV of the company was over 55 billion, and the overall transaction volume exceeded 800,000. Sales revenue increased by 69.9% year-on-year to 3.32 billion, which was recorded throughout the year.interest rateReached 65.6%. In the fourth quarter, recorded hairinterest rate68.9%, refreshing the record of single-quarter gross profit margin since the listing of Youxin.

Dai Xin, founder, chairman and chief executive officer (CEO) of Youxin Group, said: This is the first year-end after the listing of Youxin.PerformanceSingle, high-speed growth data means that consumers' recognition of Unisys brand services also represents the growing maturity of the business model of Youxin, which continues to lead the rapid transformation of the used car industry in China.

Dai Wei said that in the future, Youxin will continue to expand its 2C business, especially the nationwide purchase of cross-regional trading services, and continue to consolidate China's leading position in used car e-commerce.

(Article source: First Finance)

                (Editor: DF155)

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