Original title: Youxin Used Car Quarterly Report: Total Revenue of 76.4 Million Higher Than Revenue Guidelines Source: Financial Industry Website

On December 17, Beijing time, China's leading online used car mall Youxin Group (Nasdaq: UXIN) released an unaudited financial performance report for the second quarter of fiscal year 2021 (hereinafter referred to as financial report) as of September 30, 2020. This is the first financial report since Youxin completely transformed the online car shopping model. Financial reports show that pure online transactions and revenue both increased month-on-month compared to the previous quarter, with transaction volume increasing by 55.9%.

Youxin Pure's online trading volume for the quarter was 2,653 units, up 55.9% from 1,702 units in the previous quarter; Youxin 2C's GMV was 293 million yuan, total revenue was 76.4 million yuan, and 2C revenue was 61.3 million yuan, higher than the company's previous guidance expectations.

At the beginning of 2020, due to the pandemic, the entire used car industry was greatly affected. Youxin turned the crisis into an opportunity and quickly completely transformed online, from a model combining online and offline to a model of pure online car purchases. Since September of this year, Youxin has launched a self-operated model to increase control over vehicle sources and supply chains. Although compared with the same period last year, Youxin's sales volume in this quarter was lower due to business model transformation, there was still a significant increase from the previous quarter.

It is worth mentioning that Youxin made every effort to build user reputation during the quarter and achieved good results. The Net Customer Recommendation Index (NPS) continues to rise sharply, exceeding 45% in September, which means that this ratio far exceeds the industry average.

Dai Kun, founder, chairman and CEO of Youxin, said that Youxin will be committed to providing users with excellent value for money used cars and first-class online car purchase services. User trust and word-of-mouth recommendations are the core driving force for future sales growth, and a solid foundation for achieving enterprise development and creating long-term value for shareholders.