The Zhitong Finance App learned that on December 17, the second quarter report published by UXIN.US (UXIN.US) was poor, and the stock price in the US stock market plummeted on the same day.

According to the company's financial data, in the second quarter of fiscal year 2021, the total revenue of Youxin Used Cars was 76.4 million yuan (RMB, same below), compared to 397 million yuan, down 80.76% year on year; net loss was 259 million yuan, compared with 202 million yuan in the same period last year, up 28.22% year on year; under non-GAAP, net loss was 275 million yuan, up 34.8% year on year.

The company said that the decline in total revenue in Q2 was mainly due to a decrease in 2C trading volume and GMV due to changes in the company's business model. However, Youxin expects total revenue to reach 275 million to 290 million yuan in the quarter ending December 31, 2020.

As of the close of the US stock market on December 17, EST, the stock closed down 20.71% to $1.11.