News in the afternoon of April 28thYouxinThe group today released its results for the third quarter of fiscal year 2021. According to the financial report, as of December 31, 2020, the trading volume of Youxin 2C was 2307 vehicles; the total revenue was 323 million yuan, and the gross profit margin was 2.9%, compared with the previous quarter-22.4%.

In the third quarter of 2021, Youxin Non-GAAP posted a continuing operating loss of 162.5 million yuan, compared with 178.3 million yuan in the previous quarter and 576.5 million yuan in the same period last year. The net loss was 172.9 million yuan, compared with 258.9 million yuan in the previous quarter and 966.7 million yuan in the same period last year.

The financial report revealed that at the beginning of this month, Youxin signed binding letters of intent with two well-known Asian funds, with a total amount of up to 300 million US dollars. Youxin's financing work is going on as expected.

According to Dai Kun, founder, chairman and CEO of Youxin, Youxin has completed the transformation to a self-built inventory model, and in March this year, Youxin has established and put into operation the first used car supermarket in Xi'an that integrates storage, display, testing and equipment. Last week,JD.com GroupStart strategic cooperation with Youxin Group. Financial report revealed that Youxin will launch its own used car online store in JD.com.

As of press time, the price of Youxin was up 1.97%.