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瑞士格羅諾2024年11月25日 /美通社/ -- 過去幾年間,Pini Group 透過有機成長及併購方式拓展其專業能力並集成多項互補能力,在一輪改頭換面之後搖身一變,成為全新的實體公司。此集團的增長和多元化經營,成為各種工程和設計專業的搶手資源。如此重大的變化,需要一個準確反映這種演變的新名稱: ARX Group Management (from left: Edda Rettinger, Aymen Cheikh Mhamed, Andrea Galli –Group CEO–, Cristina Pagani, Roberto Schuerch, Davide Merlini, Andrea Polli) ARX 自 2025 年起,新名稱將影響 ARX 所在的所有 25 個國家。 ARX 作為全球人才社群,是新舊精華的代表所在。每間作出貢獻的公司,都擁有數十年的業界領導地位和創新能力。集合專業知識在同一屋簷下,足以提升整個集團的能力和潛力。ARX 從複雜的工程以至可持續基礎設施和未來派設計,將許多領域的不可能化作可能。 在利用更廣泛的技能組合的同時,ARX 始終保持其聲譽和創始實體的價值觀。 這間新企業對瑞士根源和對可持續發展的承諾始終如一,並準備在今年打入 ENR Top 225 International Design Firms 的前 100 強。 儘管正式過渡日期為 2025 會計年度的 1 月 1 日,但目前過渡已在進行中。為了讓 25 個國家的所有法律實體都有時間進行必要調整,轉換階段將延長 12 個月。 榮獲 Swiss EY Entrepreneur of the Year™ 2024 集團行政總裁 Andrea Galli:「此發展反映我們有能力做得更多。在 ARX,我們渴望展示我們的各種特色產品,證明我們『周身刀張張利』,同時展現我們分支公司的實力。我們的敏捷專責小組在世界各地,與成千上萬的同事合作。我們持續專注於我們的使命,逐步改變社區:Make It Happen。」 Roberto Gerosa 主席說:「我們是一個由精選工程和設計領域的專家組成的綜合網絡,隨著我們整合人才和專業知識而擴大。為解決複雜的設計項目,ARX 能夠適應動態且具有挑戰性的全球環境。我們的團隊深入研究小眾科技挑戰,同時監督廣泛的跨領域項目。這種多功能性,使我們能夠自信地面對從精確到廣泛,由本地至全球的任何挑戰。」 請與我們一起慶祝 ARX 的進化;且看這聰明的心靈網絡能做到什麼。 ARX 的名稱 ARX 這名字可能讓人想起一條弧形線 ─ ─ 連接地圖上城市的彎曲線,並且在強大的專家網絡中連結我們的分支機構。這名字也讓人想起拱門 —— 一種優雅的結構,提供強大和美麗,反映了瑞士的具體性和穩定性價值觀。這名字甚至讓人想起方舟 —— 最強的船隻,可以迎接最大挑戰的船隻,帶領我們穿越我們現在的五大洲。ARX 與所有這些隱喻都有著密切的關係! 關於 ARX 的事實 總部: ARX, c/o Pini Group Holding SA, Via Cantonale 109, 6537 Grono, Switzerland 國家:阿爾巴尼亞、阿根廷、澳洲、奧地利、玻利維亞、巴西、智利、丹麥、埃及、厄瓜多爾、法國、德國、印度、以色列、義大利、尼泊爾、挪威、秘魯、葡萄牙、沙烏地阿拉伯、瑞士、突尼西亞、土耳其、阿拉伯聯合大公國、美國。 HC 數量:超過 1,500 人 辦公室數目:56 間 專業範疇:基礎設施、城市、能源、工業 網域:機場、橋樑與其他結構、建築物 - 建築學、建築物 - 土木工程、纜車、數碼與創新、環境、設備、地質、岩土工程與特殊地基、水力發電、都會區、核電廠、石油與天然氣、管道與網路、港口/海事工程、鐵路、河川工程,、道路、交通與流動、隧道與地下、水/廢水處理 董事會:Roberto Gerosa(主席)、Daniele Stocker(副主席)、Fiona Trachsel(成員)、Andrea Galli(行政總裁) 集團管理:Andrea Galli(行政總裁)、Aymen Cheikh Mhamed(營運總監)、Edda Rettinger(人力資源總監)、Davide Merlinir(北歐地區人力資源總監暨風險管控總監)、Cristina Pagani(中歐地區風險管控總監)、Andrea Polli(歐洲南部風險管控總監)、Roberto Schuerch(北美地區風險管控總監) 聯絡方式: ARX c/o Pini Group Holding SA, Via Cantonale 109, 6537 Grono, Switzerland arx.ing info@arx.ing ARX launch Event, Dubai 13.11.2024 Portrait Roberto Gerosa (Chairman) Portrait Andrea Galli (CEO)
革新尊貴醫療及養生方案 助高端客戶及家人實踐健康長壽全新健康無限方案及市場罕有養生顧問服務精選超過500名不同領域專科醫生及醫療人員 全方位照顧治療及復康需要 香港2024年11月25日 /美通社/ -- 高端客戶對財富規劃有高要求之外,同時特別重視健康。友邦香港及澳門致力於產品創新,更追求增值服務上的突破,特別「以健康為先」(Health comes first) 作為高端客戶策略核心,深入了解高端客戶的痛點,透過建立可持續的醫療服務生態圈,助客戶獲得最理想身心狀態,達至財富與健康的雙平衡。 圖為友邦香港及澳門及精選醫療團隊的合作代表, (由左至右) 包括:香港綜合腫瘤中心及希愈醫療行政總裁唐嘉其先生;香港中文大學醫院行政總裁馮康醫生;友邦香港及澳門首席產品主張策劃及醫療保健官梁莉斯女士;友邦香港及澳門首席執行官馮偉昌先生;友邦香港及澳門醫療主管周一嶽醫生;港怡醫院執行總裁,IHH醫療(北亞洲)區域首席執行官曾慶亷醫生;尚至醫療董事總經理黃寶蓮女士 最近友邦香港及澳門宣布升級皇牌高端醫療保障,推出革命性「極臻‧至尊醫療計劃」[1],此醫療計劃糅合保障及養生方案,包括尊貴禮賓服務[2]、精選醫療團隊[3],[7],以及健康獎賞。另外於推廣期[4]內客戶亦可體驗全新健康無限方案[5],[6], [#],全力支援高端客戶及其家人的身心靈健康,共同實踐健康長壽 (longer healthspan)。 友邦香港及澳門首席產品主張策劃及醫療保健官梁莉斯女士表示:「醫療進步提高生存率,但同時增加了醫療方案的複雜性,高端客戶面對不同的新療法及各項醫療服務,加上醫療通脹加劇及各項醫療服務碎片化,要尋找適合的治療方案並非易事,萬一延誤治療,隨時影響生命健康。 我們了解客戶的需要,特別精心建構了精選醫療團隊[3],[7],整個團隊覆蓋面廣泛,不單止有資深專科醫生提供治療,亦有物理治療師、營養師及中醫等跨專業癌症醫護專業人員照顧客戶從治療到復康的每個環節。新產品及服務將為業界設立新標準,提升客戶體驗,推動社會主動管理健康,助大眾實踐『健康長久好生活』。 」 高端客戶日理萬機,特別需要專屬服務照顧他們各種健康需求。因此計劃亦設有尊貴禮賓服務專線[7],串連多項醫療及養生服務[6],包括預約精選醫療團隊[7],[11],快速連接優質醫療資源。再配合由市場罕見[9]的專屬養生顧問[5]提供的個人化養生指導,助客戶超越自身年齡的狀態,實踐健康長壽。 全新健康無限方案[5],[6], [#]助客戶實踐健康長壽 另外,高端客戶明白健康需要未雨綢繆,可是坊間健康服務眾多,未必每項都有科學根據支持。友邦香港及澳門首次推出健康無限方案[5],[6], [#],通過以科學為本的評估,儘早為客戶找出影響健康的根源及風險因素,並透過精確測量和持續監測,提供個人化的保健支援,讓客戶的身體機能、心理健康、和代謝機能達到最佳狀態,增強整體健康水平。此方案於推廣期[4]內讓客戶免費體驗。 「極臻‧至尊醫療計劃」[1]主要特點: 1. 尊貴禮賓服務專線[7] 輕鬆一鍵連接醫療及養生服務:包括24小時一般健康熱線[10]預約精選醫療團隊[7],[11],以及市場罕有[9]的專屬養生顧問[5],[7],與客戶緊密溝通,迅速回應其獨有養生需要,並提供個人化指導。特設市場首創[9]兒童與青少年成長與發展支援熱線[6],[7],[10],提供專業育兒支援,幫助他們培養和諧的親子關係、管理育兒壓力等。 2. 精選醫療團隊[3],[7]提供跨專業癌症治療[6],[7]及護理:超過500名涵蓋不同專科領域的醫護專業人員,包括外科醫生、腫瘤科醫生及其他醫療專業人員,超過8成具有10年執業經驗以上。團隊更擴張至物理治療師、營養師及中醫等,去照顧客戶在診斷、治療及復康的每一步。 3. 市場首創[9]「健康賞」[12]兌換升級養生服務[6]或醫療保障[8] :無論有治療需要或無索償都有獎賞,透過實質獎賞,鼓勵客戶實踐健康生活,例如將網絡治療獎賞惠益、住院現金惠益、次級病房現金惠益、日間手術現金惠益和無索償惠益存到「健康賞」[12],以兌換自選養生療程、身體檢查、接種疫苗[6],或提升醫療保障[8],又或抵銷合資格醫療費等。 「極臻‧至尊醫療計劃 —首護摯寶」[13]為初生寶寶提供即時護盾:「極臻‧至尊醫療計劃」[1]的保單現有受保人[14]將合資格投保「極臻‧至尊醫療計劃 —首護摯寶」[13],為出生當日及出生後90日內的初生嬰兒提供保障,初生嬰兒住院賠償及手術費用賠償涵蓋先天性疾病,保單限額高達10萬港元。「極臻‧至尊醫療」系列亦提供明珠版本,切合不同客戶的需要。 客戶於推廣期[4]內成功投保「極臻‧至尊醫療計劃」[1],可享「兒童與青少年成長與發展初步評估服務」[6],[15] 或由「友邦峻宇養生庭」[16]提供的全新健康無限方案[5],[6], [#]及免費養生療程服務[5],[6], [#]。 以上資料僅供參考,並不構成任何銷售建議及/或有關產品之推介。在此文件中的產品資料並不包含保單的完整條款,有關產品特點、條款及細則、不保事項及主要產品風險之詳情,請參閱相關產品之產品簡介及保單契約或瀏覽網站。 備註: 1. 有關「極臻‧至尊醫療計劃」的詳情,請參閱產品簡介。 2. 上述服務(「服務」)為額外增值服務,並不構成保障內容的一部分,且並非保證。服務只適用於「極臻‧至尊醫療」系列之受保人。服務取決於受保人的資格、服務及服務供應商(如適用)的可用性及相關條款及細則約束,並且「極臻‧至尊醫療」系列之保單須仍然生效。 3. 精選醫療團隊指由AIA指定的第三方醫療網絡服務供應商。醫療網絡服務供應商是獨立的承辦商,並非AIA的代理人或僱員或代表。我們並不保證某醫療網絡所提供之服務或醫療網絡之數目。 4. 客戶於推廣期2024年11月11日 至2024年12月31日期間遞交「極臻‧至尊醫療」系列,「極臻‧至尊醫療」系列包括「極臻‧至尊醫療計劃」及「極臻‧至尊明珠醫療計劃」 (「極臻‧至尊醫療計劃 — 首護摯寶 」及「極臻‧至尊明珠醫療計劃 — 首護摯寶」除外) 。 5. 此服務不適用於18歲以下的受保人。 6. 此等服務由友邦指定的第三方服務供應商在香港提供,不適用於澳門區域,並可不時更改。此等服務的範圍及地點由本公司絕對酌情決定及本公司有絕對酌情權對服務的範圍及/或地點作不時的更改,而無須作另行事先通知。有關服務詳情、地點及安排可於保單繕發後在本公司的網頁獲取。本公司對該等第三方服務供應商提供的任何服務或建議不承擔任何責任。 7. 上述增值服務並不構成保障內容的一部分。第三方服務供應商提供的轉介或服務並不明確表示有資格申請「極臻‧至尊醫療計劃」的理賠。客戶須自行完全負責不在增值服務涵蓋範圍的任何費用,並受其相關條款和條件約束。請注意,「極臻‧至尊醫療計劃」的實際理賠金額將以提交完整的索償文件、受保人於「極臻‧至尊醫療計劃」下可享的保障內容、不保事項、保單契約、條款及細則為準。詳情請向我們查詢。AIA保留任何時候修改、暫停或終止任何此等服務的權利,恕不另行通知。 8. 受條款和條件約束。詳情請參閱本產品簡介內之「極臻‧至尊醫療計劃」保障一覽表H部分及保單契約。 9. 有關市場首創的陳述,(i)就「健康賞」,截至2024年11月1日,與香港主要保險公司提供的個人醫療保險計劃比較;(ii)就臨床試驗藥物惠益,此計劃特點於2024年4月22日首次由AIA推出市場,當時與香港主要保險公司之個人醫療保險計劃比較為市場首創;(iii)就兒童及青少年成長與發展支援熱線,截至2024年8月12日,與香港主要保險公司提供的個人醫療保險計劃比較。有關養生顧問為市場罕有的陳述,截至2024年8月12日,與香港主要保險公司提供的個人醫療保險計劃比較。 10. 熱線提供的一般資訊僅供參考,不應被視為任何形式的醫療意見、診斷、治療或建議。如果您有疑問及/或認為有需要,請立即向醫療服務供應商尋求醫療意見,不要忽視或拖延尋求醫療意見和治療。 11. 於指定服務時間內,服務由友邦指定的第三方服務供應商提供,並可不時酌情更改。 12. 健康賞惠益 (無索償獎金惠益除外) 受限於每年限額、網絡保障的額外每年限額及個人終身賠償限額。在極臻‧至尊醫療計劃保單生效日起120日後,「健康賞」中的金額可隨時用作兌換指定獎賞。「健康賞」中的結餘不能被退還或兌換為現金,亦不能用以支付任何保單的任何保費。於此計劃取消或終止時,任何餘額將會即時喪失。 13. 有關「極臻‧至尊醫療計劃 — 首護摯寶的詳情,請參閱產品簡介。 14. 「極臻‧至尊醫療計劃 – 首護摯寶」的受保人必須為準媽媽,有關投保資格的詳情,請參閱產品簡介。 15. 此服務只適用於18歲以下的受保人。 16. 友邦峻宇養生庭的唯一營運商為Sustainable Wellness Limited(「Sustainable Wellness」),其為Humansa Company Limited之全資附屬公司並為友邦的獨立第三方。就友邦峻宇養生庭內及為友邦峻宇養生庭所提供的服務及/或產品(「服務」),Sustainable Wellness將完全及單獨負責。使用以上服務受限於友邦峻宇養生庭的條款和細則。 # 只限推廣期內供受保人試用,並非用於推廣友邦峻宇會會籍之用。 關於友邦香港及澳門 友邦保險於1931年開始經營香港的業務。友邦香港及澳門友邦保險至今擁有接近17,000名財務策劃顧問[1],以及獨立理財顧問、保險經紀和銀行合作夥伴。我們的團隊為超過360萬客戶[2]提供專業服務及不同類型產品,包括個人壽險、團體人壽、意外、醫療、退休金、個人財物保險及設有多款投資選擇的投資連繫壽險計劃。我們亦專注為高淨值客戶特有的財務需要設計超卓產品方案。 1 截至2024年6月30日 2 包括友邦香港及澳門友邦保險的個人人壽、團體保險及退休金客戶 (截至2024年6月30日)
人工智能創新引領潮流 -「智慧出行大獎」得主勇奪「全年大獎」最高殊榮 香港2024年11月25日 /美通社/ -- 由香港貨品編碼協會(GS1 HK)籌辦、數字政策辦公室策動的2024香港資訊及通訊科技獎「智慧出行獎」頒獎典禮於11月22日順利舉行。該獎項設有智慧交通、智慧物流、智慧旅遊三個組別,經過初選評估及評審委員會的逐一面試審核,根據參賽者的表現頒發金、銀、銅獎及優異證書。此外,為了激發更多人工智能的創新應用,今年特別增設「最佳人工智能應用」獎,以表彰在相關領域中應用人工智能技術取得卓越成就的參賽作品。 (上圖) 今年的「智慧出行大獎」由港鐵公司聯合香港科技大學的「鐵路營運客流量預測及規劃 - 以港鐵推動城市前行」項目獲得,更從八個類別大獎中勇奪「全年大獎」最高殊榮。 (下圖) 香港貨品編碼協會總裁林潔貽(灰色外套女士)與一眾香港資訊及通訊科技獎 - 「智慧出行獎」得主合照。 今年的「智慧出行大獎」由港鐵公司聯合香港科技大學的「鐵路營運客流量預測及規劃 - 以港鐵推動城市前行」項目獲得,該項目同時獲得「智慧出行(智慧交通)金獎」及「最佳人工智能應用獎」;並榮獲由最終評審委員會從八個類別大獎中甄選出的「全年大獎」。項目應用大數據校準的數位孿生模型,預測在不同情況下港鐵網路的客流量,使營運團隊能及早規劃及執行相應的營運安排和管理措施。評審一致認為該模型出色地展示了如何將開放數據與港鐵的乘客數據相結合,以調整預測模型。這不僅能更準確地模擬活躍旅客的行為模式,還能自動更新,從而在面對突發情況時能夠及時做出更合適的出行安排,提升交通系統的效率,為整個社會帶來實質效益。 其他優秀得獎作品包括:結合工業機械人、機械視像程式、攝像頭及傳感器和控制軟件的智能中藥散劑包裝方案;以數碼技術連接倉庫管理系統的飛機零部件的一站式供應鏈管理平台;以及整合了先進的室內地圖和定位技術的無障礙導航智慧城市應用程式等等。獲獎作品請參閱下表。如欲了解更多作品詳情,請瀏覽網頁:https://www.gs1hk.org/SmartMobilityAward。 GS1 HK總裁林潔貽祝賀所有得獎者,並樂見本地企業積極應用人工智能技術,推動創新科技發展。她表示:「今年多數得獎者作品展現了高度創意,融入人工智能元素,並緊貼可持續發展的全球大趨勢,針對業界需求解決各種痛點,體現香港科技人才的成就和無限潛力。本會將一如既往地與政府及業界夥伴合作,以國際標準持續推動『Go Digital ‧ Go Green』,致力於將香港塑造成為一個世界級的智慧城市。」 2024香港資訊及通訊科技獎「智慧出行獎」得獎名單如下:(以英文公司 / 機構名稱字母順序排列) 組別 獎項 機構名稱 得獎項目 智慧出行 大獎 港鐵公司 / 香港科技大學 鐵路營運客流量預測及規劃 以港鐵推動城市前行 智慧出行 最佳人工智能應用獎 港鐵公司 / 香港科技大學 鐵路營運客流量預測及規劃 以港鐵推動城市前行 智慧交通 金獎 港鐵公司 / 香港科技大學 鐵路營運客流量預測及規劃 以港鐵推動城市前行 銀獎 香港特別行政區政府運輸署 / 快易通有限公司 / 奧雅納工程顧問 不停車繳費系統「易通行」 銅獎 港鐵公司 / 香港應用科技研究院有限公司 緊急通訊新突破:AI驅動的自然語言處理傳譯用於Tetra無線電中的應急即時通訊 優異證書 香港物流機械人研究中心有限公司 / 香港特別行政區政府渠務署 不倒翁球形地下管道檢測機械人 智慧物流 金獎 香港生產力促進局 智能包裝@中藥 金獎 順豐供應鏈 - 香港及澳門 / 國泰航空有限公司 Wing to Shelf Tracker 銅獎 百佳超級市場 / 極智嘉國際有限公司 / 卡車聯科技服務有限公司 PNS網購物流中心 優異證書 裕利醫藥有限公司 Automation Warehouse 智慧旅遊 金獎 蜂圖科技有限公司 CityGeni - 智慧城市應用程式,為旅客和市民提供無障礙導航 銀獎 Locolla Limited / WiTricity HK Limited LocoBike 銅獎 嶺勤科技有限公司 Yoswit智能酒店系統 優異證書 攜程商旅控股(香港)有限公司 數位商旅解決方案 有關得獎作品詳情,請瀏覽:https://www.gs1hk.org/sites/default/files/2024-11/SMA%202024%20booklet_single%20page_AW10%20%286%29_0.pdf 如欲了解「智慧出行獎」詳情,請瀏覽:https://www.gs1hk.org/SmartMobilityAward 請於此下載更多圖片。 關於香港貨品編碼協會 香港貨品編碼協會(GS1 HK)於1989年由香港總商會成立,是GS1®環球組織的香港分會,提供全球供應鏈標準(包括產品編碼及條碼)及一系列相關平台、解決方案及服務,助企業數碼化,提升供應鏈透明度及效率、確保產品真確性、促進線上線下貿易及推動可持續價值鏈。 GS1 HK目前有近 8,000名企業會員,涵蓋約20種行業,包括零售消費品、食品及餐飲、醫療護理、成衣、物流及資訊科技。本會與各貿易夥伴、業界組織、政府及資訊科技公司積極建立協作生態,實踐「智能商貿,優質生活」的願景。 GS1®是一家提供全球供應鏈標準的非牟利組織,總部位於比利時的首都布魯塞爾,擁有118個分會,遍及全球150個國家。網址:www.gs1hk.org。
台北2024年11月25日 /美通社/ -- 作為領先的Web3基礎設施提供商,KryptoGO推出了創新的錢包解決方案,幫助企業以低成本快速提供安全穩定的加密貨幣支付服務,無需自行開發。透過「錢包即服務」(Wallet as a Service, WaaS),KryptoGO 提供企業簡單易用的加密貨幣支付解決方案,讓他們在 Web3 領域迅速立足,專注於業務發展,而不需擔心技術開發和運營問題。 為什麼選擇 KryptoGO 的錢包解決方案? 自行開發一個安全的多鏈加密貨幣錢包面臨眾多挑戰,企業不僅要處理嚴格的安全措施,還需要保持交易速度的穩定性,同時控制高昂的開發與運營成本。根據近期 PwC 的全球 CEO 調查,安全問題、監管風險和運營復雜性,都是企業在採用數位資產解決方案時遇到的主要障礙。Coinbase也指出,87%的《財富》500強企業高層認為,缺乏清晰的法規是他們進行數位資產投資的主要挑戰。KryptoGO的WaaS解決方案正是針對這些問題,通過提供可輕鬆整合的白牌錢包服務,幫助企業確保高效的運行效能與合規性。 競爭優勢:交易速度提升與交易費用最小化 KryptoGO不僅解決了安全和監管問題,更從技術方面進一步提高了企業的競爭力。透過多次基準測試和性能評估,KryptoGO 成功優化了交易速度並減少交易費用。在TRON區塊鏈上,KryptoGO的交易通知速度可達1.2秒,並且將交易手續費降低了至少20%,這些優勢來自 KryptoGO 團隊在區塊鏈開發和數據索引優化上的深厚專業。這些技術創新確保了 KryptoGO 提供比其他錢包更快、更高效且更穩定的交易體驗。 KryptoGO helped Ocean Wallet offer the lowest USDT transfer fees on the TRON blockchain. 成功案例:為 Ocean Wallet 打造出市場領先的加密錢包 Ocean Wallet 是KryptoGO 在企業加密貨幣白牌錢包客製解決方案的成功案例之一。在短短兩個月內,Ocean Wallet成功推出功能齊全、具競爭力的加密貨幣錢包,且無需聘請任何開發人員。憑藉KryptoGO高彈性的解決方案,Ocean Wallet能夠根據其目標市場的需求,專注於TRON生態系統中的穩定幣支付,實現了快速進入市場、提供無縫的加密支付體驗,且最大限度地降低了開發成本。 建構加密貨幣支付的未來 對於希望快速進入Web3領域的企業來說,一個客製化的錢包解決方案是關鍵。KryptoGO的錢包即服務(WaaS)使企業能夠以最少的開發資源快速導入加密貨幣支付。若您也希望像 Ocean Wallet 一樣,利用 KryptoGO 提供的解決方案迅速進入 Web3 領域,並提升您的業務競爭力,立即與我們聯繫,或前往 www.kryptogo.com,探索更多可能。 媒體聯絡方式:pr@kryptogo.com
Analytic Partners Placed Highest for Ability to Execute and Furthest for Completeness of Vision MIAMI, Nov. 25, 2024 /PRNewswire/ -- Analytic Partners, the Commercial Intelligence company for insights-driven brands, today announced it has been recognised as a Leader in the inaugural Gartner® Magic Quadrant™ for Marketing Mix Modelling (MMM) Solutions. Analytic Partners is positioned highest in Ability to Execute and furthest in Completeness of Vision. "We believe our position as a Leader underscores our dedication to our customers and our ongoing commitment to innovation," said Nancy Smith, President and CEO of Analytic Partners. "We appreciate the extensive research Gartner has done in guiding our industry forward. This recognition, we feel, highlights the critical role Commercial Analytics plays in delivering forward-looking decision-making for lasting, meaningful growth." Elevating Insights Beyond MMM and MTA Analytic Partners' longstanding commitment to deliver insights and solutions extends well beyond Multi-Touch Attribution (MTA) and MMM. Analytic Partners' Commercial Analytics solution integrates all factors driving performance outcomes – including finance, supply chain and other enterprise functions. This holistic, company-wide approach provides a forward-looking decision-making framework that brands rely on to measure both short-term and long-term impact, ensuring sustained growth. GPS Enterprise: A Powerful Platform for Enabling Growth Powered by the GPS Enterprise platform, Commercial Analytics combines data science and technology to deliver actionable insights that enable brands to make proactive, forward-looking commercial decisions. This end-to-end platform, informed by ROI Genome intelligence, ensures streamlined data management, application of advanced analytics and multi-objective optimisations to help brands meet their growth goals. Recognition Extends to Gartner Critical Capabilities Report for MMM Solutions Analytic Partners Placed Highest for Ability to Execute and Furthest for Completeness of Vision The recognition also extends beyond the Magic Quadrant™. In the accompanying Critical Capabilities report for MMM Solutions, Analytic Partners received the highest scores across all eight Use Cases, including: Highest score in Complex Marketing Analytics Highest score in Business Scenario Planning Highest score in Data Management Highest score in Media Optimisation Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high, and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables businesses to get the most from market analysis in alignment with their unique business and technology needs. To read the full Magic Quadrant™ report, access a complimentary copy here. Gartner, Magic Quadrant for Marketing Mix Modelling Solutions, Matt Wakeman, David Walters, Joseph Enever, Weicong Zhao, 19 November 2024 GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's Research & Advisory organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Analytic Partners Analytic Partners is the leader in Commercial Analytics, providing adaptive solutions for deeper business understanding, right-time planning and optimisation for marketing and beyond. We turn data into expertise so our customers can create powerful connections with their customers and achieve commercial success. For more information, visit analyticpartners.com.
BEIJING, Nov. 25, 2024 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced its unaudited financial results for the quarter ended September 30, 2024. Highlights for the Quarter Ended September 30, 2024 Transaction volume was 7,046 units for the three months ended September 30, 2024, an increase of 25.7% from 5,605 units in the last quarter and an increase of 81.4% from 3,884 units in the same period last year. Retail transaction volume was 6,005 units, an increase of 46.8% from 4,090 units in the last quarter and an increase of 162.6% from 2,287 units in the same period last year. Total revenues were RMB497.2 million (US$70.9 million) for the three months ended September 30, 2024, an increase of 23.9% from RMB401.2 million in the last quarter and an increase of 39.6% from RMB356.1 million in the same period last year. Gross margin was 7.0% for the three months ended September 30, 2024, compared with 6.4% in the last quarter and 6.2% in the same period last year. Loss from operations was RMB38.6 million (US$5.5 million) for the three months ended September 30, 2024, compared with RMB62.5 million in the last quarter and RMB66.4 million in the same period last year. Non-GAAP adjusted EBITDA[1] was a loss of RMB9.2million (US$1.3 million), compared with a loss of RMB33.9 million in the last quarter and a loss of RMB45.9 million in the same period last year. Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, commented, "We are excited to report another record-breaking quarter. From July to September 2024, our retail transaction volume reached 6,005 units, marking a 47% sequential increase and a 163% year-over-year growth. Our superstore model has proven to be successful, showcasing strong competitiveness and significant growth potential. Customer satisfaction, measured by NPS, has risen to 66, maintaining the highest level in the industry for 11 consecutive quarters. Looking ahead, we will continue to enhance our inventory levels, expand value-added services, and optimize our service network. We anticipate retail transaction volume to be within the range of 7,800 units to 8,100 units from October to December, representing over a 150% year-over-year increase." Mr. Dai continued, "Additionally, our expansion into new regions is progressing smoothly. Following our partnership agreement with the Zhengzhou Airport Economic Zone, we are pleased to announce a new collaboration with the Wuhan Municipal Government. Both Zhengzhou and Wuhan are provincial capital cities with about 5 million vehicles each, offering excellent conditions for operating used car superstores. The new superstores in these two cities will continuously drive sales growth and enhance our performance in the coming years." Mr. Feng Lin, Chief Financial Officer of Uxin, said: "To better align with customary practices and to synchronize the financial reporting cycles of our parent company and Chinese subsidiary, we have adjusted our fiscal year. After this change, our fiscal year will coincide with the calendar year, running from January 1 to December 31, instead of the previous period from April 1 to March 31. This change aims to make our financial disclosures more accessible and understandable for our investors. Building on this alignment, we delivered robust financial results in the quarter. Total revenues were RMB497 million, with retail vehicle sales revenue reaching RMB444 million, a year-over-year increase of 79%. Our gross margin further improved to 7% compared to the previous quarter. Adjusted EBITDA loss narrowed to RMB 9.2 million, representing an 80% reduction year-over-year. Looking ahead, we are on track to achieve our first positive quarterly EBITDA in the upcoming quarter, a significant milestone in our financial performance. With these strong results, the company is now firmly positioned for sustainable, long-term growth." [1]This is a non-GAAP measure. We believe non-GAAP measures help investors and users of our financial information understand the effect of adjusting items on our selected reported results and provide alternate measurements of our performance, both in the current period and across periods. See our Financial Supplement, filed as Exhibit 99.1 to our Current Report on Form 6-K on November 25, 2024 with the SEC, "Unaudited Reconciliations of GAAP And Non-GAAP Results" for a reconciliation and additional information on non-GAAP measures. Financial Results for the Quarter Ended September 30, 2024 Total revenues were RMB497.2 million (US$70.9 million) for the three months ended September 30, 2024, an increase of 23.9% from RMB401.2 million in the last quarter and an increase of 39.6% from RMB356.1 million in the same period last year. The increases were mainly due to the increase of retail vehicle sales revenue. Retail vehicle sales revenue was RMB444.4 million (US$63.3 million) for the three months ended September 30, 2024, representing an increase of 36.8% from RMB325.0 million in the last quarter and an increase of 78.5% from RMB248.9 million in the same period last year. For the three months ended September 30, 2024, retail transaction volume was 6,005 units, an increase of 46.8% from 4,090 units in the last quarter and an increase of 162.6% from 2,287 units in the same period last year. The increases in retail vehicle sales revenue were mainly due to the increase of retail transaction volume. By offering superior products and services, the Company's superstores have built strong customer trust and established Uxin as the leading brand in regional markets, leading to a high in-store customer conversion rate. Additionally, as the overall used car market began to recover starting from mid-year, the Company proactively expanded the inventory size while maintained an inventory turnover rate much faster than the industry average. Wholesale vehicle sales revenue was RMB37.8 million (US$5.4 million) for the three months ended September 30, 2024, a decrease of 40.8% from RMB63.9 million in the last quarter and a decrease of 61.9% from RMB99.3 million in the same period last year. For the three months ended September 30, 2024, wholesale transaction volume was 1,041 units, representing a decrease of 31.3% from 1,515 units in the last quarter and a decrease of 34.8% from 1,597 units in the same period last year. Wholesale vehicle sales refer to vehicles purchased by the Company from individuals that do not meet the Company's retail standards and are subsequently sold through online and offline channels. The decreases were mainly due to improved inventory capacity and reconditioning capabilities, and an increased number of acquired vehicles were reconditioned to meet the Company's retail standards, rather than being sold through wholesale channels. Other revenue was RMB15.0 million (US$2.1 million) for the three months ended September 30, 2024, compared with RMB12.3 million in the last quarter and RMB7.9 million in the same period last year. Cost of revenues was RMB462.4 million (US$65.9 million) for the three months ended September 30, 2024, compared with RMB375.6 million in the last quarter and RMB334.0 million in the same period last year. Gross margin was 7.0% for the three months ended September 30, 2024, compared with 6.4% in the last quarter and 6.2% in the same period last year. Firstly, the Company is increasing the proportion of vehicles acquired directly from individual car owners intending to sell their existing cars, which on average are more profitable compared to other vehicle supply channels. Secondly, the Company is focusing on enhancing the penetration of high-margin value-added services, which will further improve its gross profit margin. Total operating expenses were RMB84.3 million (US$12.0 million) for the three months ended September 30, 2024. Sales and marketing expenses were RMB56.1 million (US$8.0 million) for the three months ended September 30, 2024, a decrease of 5.5% from RMB59.4 million in the last quarter and an increase of 15.7% from RMB48.4 million in the same period last year. Compared with the same period last year, in addition to the increased salaries for the sales teams, the year-over-year increase was also attributed to the increase in right-of-use assets depreciation expenses as a result of relocation to the Company's Hefei Superstore in September 2023. General and administrative expenses were RMB26.1 million (US$3.7 million) for the three months ended September 30, 2024, representing a decrease of 7.3% from RMB28.1 million in the last quarter and a decrease of 25.7% from RMB35.1 million in the same period last year. Due to the execution of multiple rounds of cost-saving and efficiency-enhancing initiatives, salaries and benefits expenses for personnel performing general and administrative functions decreased accordingly. Research and development expenses were RMB2.4 million (US$0.3 million) for the three months ended September 30, 2024, representing a decrease of 30.1% from RMB3.4 million in the last quarter and a decrease of 74.4% from RMB9.2 million in the same period last year. The decreases mainly resulted from less IT service acquired by the Company's research and development functions and decrease in salaries and benefits expenses of employees engaged in these functions. Other operating income, net was RMB10.8 million (US$1.5 million) for the three months ended September 30, 2024, compared with RMB2.8 million for the last quarter and RMB3.2 million in the same period last year. The increases were mainly due to proceeds from government award. Loss from operations was RMB38.6 million (US$5.5 million) in the three months ended September 30, 2024, compared with RMB62.5 million for the last quarter and RMB66.4 million in the same period last year. Interest expenses were RMB24.1 million (US$3.4 million) for the three months ended September 30, 2024, representing an increase of 5.4% from RMB22.9 million in the last quarter and an increase of 212.5% from RMB7.7 million in the same period last year. The year-over-year increase was mainly due to the increase of interest expenses on finance lease liabilities relating to the lease of Changfeng Superstore in September, 2023. Net loss from operations was RMB59.2 million (US$8.4 million) for the three months ended September 30, 2024, compared with a net loss of RMB49.8 million for the last quarter and net loss of RMB57.1 million for the same period last year. Non-GAAP adjusted EBITDA was a loss of RMB9.2 million (US$1.3 million) for the three months ended September 30, 2024, compared with a loss of RMB33.9 million in the last quarter and a loss of RMB45.9 million in the same period last year. Liquidity As of September 30, 2024, the Company had cash and cash equivalents of RMB29.1 million, compared to RMB23.3 million as of March 31, 2024. The Company has incurred accumulated and recurring losses from operations, and cash outflows from operating activities. In addition, the Company's current liabilities exceeded its current assets by approximately RMB403.6 million as of September 30, 2024. The Company's ability to continue as a going concern is dependent on management's ability to increase sales, achieve higher gross profit margin and control operating costs and expenses to reduce the cash that will be used in operating cash flows, and to enter into financing arrangements, including but not limited to renewal of the existing borrowings and obtaining new debt and equity financings. There is uncertainty regarding the implementation of these business and financing plans, which raises substantial doubt about the Company's ability to continue as a going concern. The accompanying unaudited financial information does not include any adjustment that is reflective of these uncertainties. Recent Development Equity Investment Agreement with Wuhan Junshan Urban Asset Operation Co., Ltd. On October 16, 2024, the Company, through its wholly-owned subsidiary Uxin (Anhui) Industrial Investment Co., Ltd. ("Uxin Anhui"), entered into an equity investment agreement with Wuhan Junshan Urban Asset Operation Co., Ltd. ("Wuhan Junshan"), a company indirectly controlled by Wuhan City Economic & Technological Development Zone, to establish a subsidiary of the Company. Uxin Anhui will contribute RMB66.7 million and Wuhan Junshan will contribute RMB33.3 million, representing approximately 66.7% and 33.3% of the subsidiary's total registered capital, respectively. Share Subscription Agreement with Lightwind Global Limited On November 4, 2024, Uxin announced that, in connection with the memorandum of understanding previously announced on September 13, 2024, the Company has entered into a share subscription agreement ("Share Subscription Agreement") with Lightwind Global Limited (the "Investor"), an indirect wholly-owned subsidiary of Dida Inc. (HKEX: 2559). Pursuant to the Share Subscription Agreement, the Company agreed to issue and sell, and the Investor agreed to subscribe for 1,543,845,204 Class A ordinary shares of the Company for an aggregate subscription amount of US$7.5 million, based on a subscription price of US$0.004858 per share. The completion of transaction is subject to the closing conditions set forth in the Share Subscription Agreement. Change in Fiscal Year On November 22, 2024, the Company's Board of Directors has approved a change in the Company's fiscal year end from March 31 to December 31. The primary purpose of this change is to streamline the Company's financial reporting with global standards and align with industry practices, enhancing comparability with peers. This adjustment also allows the Company to better synchronize operational planning and reporting cycles with market trends and customer demands, ensuring more effective communication with stakeholders and investors. The Company will file a transition report on Form 20-F to cover the transition period from April 1, 2024 to December 31, 2024 in due course as required under applicable regulations. Business Outlook For the three months ending December 31, 2024, the Company expects its retail transaction volume to be within the range of 7,800 units to 8,100 units. The Company estimates that its total revenues including retail vehicle sales revenue, wholesale vehicle sales revenue and other revenue to be within the range of RMB560 million to RMB580 million. The Company expects its Non-GAAP adjusted EBITDA to be positive. These forecasts reflect the Company's current and preliminary views on the market and operational conditions, which are subject to changes. Conference Call Uxin's management team will host a conference call on Monday, November 25, 2024, at 8:00 A.M. U.S. Eastern Time (9:00 P.M. Beijing/Hong Kong time on the same day) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this conference including an event passcode, a unique access PIN, dial-in numbers, and an e-mail with detailed instructions to join the conference call. Conference Call Preregistration: https://dpregister.com/sreg/10194615/fe03e343b8 A telephone replay of the call will be available after the conclusion of the conference call until December 2, 2024. The dial-in details for the replay are as follows: U.S.: +1 877 344 7529 International: +1 412 317 0088 Replay PIN: 4912684 A live webcast and archive of the conference call will be available on the Investor Relations section of Uxin's website at http://ir.xin.com. About Uxin Uxin is China's leading used car retailer, pioneering industry transformation with advanced production, new retail experiences, and digital empowerment. We offer high-quality and value-for-money vehicles as well as superior after-sales services through a reliable, one-stop, and hassle-free transaction experience. Under our omni-channel strategy, we are able to leverage our pioneering online platform to serve customers nationwide and establish market leadership in selected regions through offline inspection and reconditioning centers. Leveraging our extensive industry data and continuous technology innovation throughout more than ten years of operation, we have established strong used car management and operation capabilities. We are committed to upholding our customer-centric approach and driving the healthy development of the used car industry. Use of Non-GAAP Financial Measures In evaluating the business, the Company considers and uses certain non-GAAP measures, including Adjusted EBITDA and adjusted net loss from operations per share – basic and diluted, as supplemental measures to review and assess its operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines Adjusted EBITDA as EBITDA excluding share-based compensation, fair value impact of the issuance of senior convertible preferred shares, foreign exchange (losses)/gains, other income/(expenses), equity in income of affiliates and dividend from long-term investment, net gain from extinguishment of debt. The Company defines adjusted net loss attributable to ordinary shareholders per share – basic and diluted as net loss attributable to ordinary shareholders per share excluding impact of share-based compensation, fair value impact of the issuance of senior convertible preferred shares, deemed dividend to preferred shareholders due to triggering of a down round feature and accretion on redeemable non-controlling interests. The Company presents the non-GAAP financial measures because they are used by the management to evaluate the operating performance and formulate business plans. The Company also believes that the use of the non-GAAP measures facilitates investors' assessment of its operating performance as this measure excludes certain finance or non-cash items that the Company does not believe directly reflect its core operations. The Company believes that excluding these items enables us to evaluate our performance period-over-period more effectively and relative to our competitors. The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using Adjusted EBITDA is that it does not reflect all items of income and expenses that affect the Company's operations. Share-based compensation, foreign exchange (losses)/gains and other income/(expenses) have been and may continue to be incurred in the business. Further, the non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company's performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure. Reconciliations of Uxin's non-GAAP financial measures to the most comparable U.S. GAAP measure are included at the end of this press release. Exchange Rate Information This announcement contains translations of certain RMB amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader, except for those transaction amounts that were actually settled in U.S. dollars. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.0176 to US$1.00, representing the index rate as of September 30, 2024 set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Uxin's strategic and operational plans, contain forward-looking statements. Uxin may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Uxin's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: impact of the COVID-19 pandemic, Uxin's goal and strategies; its expansion plans; its future business development, financial condition and results of operations; Uxin's expectations regarding demand for, and market acceptance of, its services; its ability to provide differentiated and superior customer experience, maintain and enhance customer trust in its platform, and assess and mitigate various risks, including credit; its expectations regarding maintaining and expanding its relationships with business partners, including financing partners; trends and competition in China's used car e-commerce industry; the laws and regulations relating to Uxin's industry; the general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Uxin's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Uxin does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media enquiries, please contact: Uxin Limited Investor RelationsUxin LimitedEmail: ir@xin.com The Blueshirt GroupMr. Jack WangPhone: +86 166-0115-0429Email: Jack@blueshirtgroup.co Uxin Limited Unaudited Consolidated Statements of Comprehensive Loss (In thousands except for number of shares and per share data) For the three months ended September 30, For the six months ended September 30, 2023 2024 2023 2024 RMB RMB US$ RMB RMB US$ Revenues Retail vehicle sales 248,910 444,399 63,326 435,759 769,366 109,634 Wholesale vehicle sales 99,335 37,826 5,390 193,982 101,723 14,495 Others 7,822 14,995 2,137 15,348 27,315 3,892 Total revenues 356,067 497,220 70,853 645,089 898,404 128,021 Cost of revenues (334,033) (462,360) (65,886) (605,414) (837,959) (119,408) Gross profit 22,034 34,860 4,967 39,675 60,445 8,613 Operating expenses Sales and marketing (48,443) (56,060) (7,988) (94,991) (115,413) (16,446) General and administrative (35,116) (26,074) (3,716) (68,219) (54,194) (7,723) Research and development (9,219) (2,361) (336) (18,080) (5,741) (818) Reversal of credit losses, net 1,141 162 23 1,837 162 23 Total operating expenses (91,637) (84,333) (12,017) (179,453) (175,186) (24,964) Other operating income, net 3,214 10,824 1,542 10,199 13,607 1,939 Loss from operations (66,389) (38,649) (5,508) (129,579) (101,134) (14,412) Interest income 45 10 1 146 26 4 Interest expenses (7,710) (24,095) (3,434) (12,829) (46,953) (6,691) Other income 11,435 1,498 213 13,802 2,131 304 Other expenses (378) (1,331) (190) (650) (2,131) (304) Net gain from extinguishment of debt - - - - 35,222 5,019 Foreign exchange gains 964 969 138 539 1,448 206 Fair value impact of the issuance of senior convertiblepreferred shares 5,017 - - (31,852) - - Loss before income tax expense (57,016) (61,598) (8,780) (160,423) (111,391) (15,874) Income tax expense (108) - - (273) (38) (5) Equity in income of affiliates, net of tax - 2,429 346 - 2,429 346 Dividend from long-term investment - - - 11,970 - - Net loss, net of tax (57,124) (59,169) (8,434) (148,726) (109,000) (15,533) Add: net loss/(profit) attribute to redeemable non-controlling interests and non-controlling interestsshareholders 19 (1,668) (238) 21 (3,309) (472) Net loss attributable to UXIN LIMITED (57,105) (60,837) (8,672) (148,705) (112,309) (16,005) Deemed dividend to preferred shareholders due totriggering of a down round feature (278,800) - - (278,800) - - Net loss attributable to ordinary shareholders (335,905) (60,837) (8,672) (427,505) (112,309) (16,005) Net loss (57,124) (59,169) (8,434) (148,726) (109,000) (15,533) Foreign currency translation, net of tax nil 292 (6,763) (964) 3,606 (7,979) (1,137) Total comprehensive loss (56,832) (65,932) (9,398) (145,120) (116,979) (16,670) Add: net loss/(profit) attribute to redeemable non-controlling interests and non-controlling interestsshareholders 19 (1,668) (238) 21 (3,309) (472) Total comprehensive loss attributable to UXINLIMITED (56,813) (67,600) (9,636) (145,099) (120,288) (17,142) Net loss attributable to ordinary shareholders (335,905) (60,837) (8,672) (427,505) (112,309) (16,005) Weighted average shares outstanding – basic 1,428,081,692 56,418,967,059 56,418,967,059 1,425,861,229 56,415,815,208 56,415,815,208 Weighted average shares outstanding – diluted 1,428,081,692 56,418,967,059 56,418,967,059 1,425,861,229 56,415,815,208 56,415,815,208 Net loss per share for ordinary shareholders, basic (0.24) (0.00) (0.00) (0.30) (0.00) (0.00) Net loss per share for ordinary shareholders, diluted (0.24) (0.00) (0.00) (0.30) (0.00) (0.00) Uxin Limited Unaudited Consolidated Balance Sheets (In thousands except for number of shares and per share data) As of March 31, As of September 30, 2024 2024 RMB RMB US$ ASSETS Current assets Cash and cash equivalents 23,339 29,094 4,146 Restricted cash 594 674 96 Accounts receivable, net 2,089 2,976 424 Loans recognized as a result of payments underguarantees, net of provision for credit losses ofRMB7,995 and RMB7,833 as of March 31, 2024 andSeptember 30, 2024, respectively - - - Other receivables, net of provision for credit losses ofRMB22,739 and RMB22,739 as of March 31, 2024 andSeptember 30, 2024, respectively 18,080 17,601 2,508 Inventory, net 110,494 182,818 26,051 Prepaid expenses and other current assets 71,787 88,258 12,577 Total current assets 226,383 321,421 45,802 Non-current assets Property, equipment and software, net 74,243 69,017 9,835 Long-term investments (i) 279,300 - - Other non-current assets 268 - - Finance lease right-of-use assets, net 1,339,537 1,353,638 192,892 Operating lease right-of-use assets, net 168,418 160,243 22,834 Total non-current assets 1,861,766 1,582,898 225,561 Total assets 2,088,149 1,904,319 271,363 LIABILITIES, MEZZANINE EQUITY ANDSHAREHOLDERS' DEFICIT Current liabilities Accounts payable 80,745 82,751 11,792 Other payables and other current liabilities 370,802 316,484 45,100 Current portion of operating lease liabilities 12,310 11,402 1,625 Current portion of finance lease liabilities 51,160 182,964 26,072 Short-term borrowing from third parties 71,181 129,423 18,443 Short-term borrowing from related party 7,000 2,000 285 Current portion of long-term debt (i) 291,950 - - Total current liabilities 885,148 725,024 103,317 Non-current liabilities Long-term borrowings from related party (iii) - 52,555 7,489 Consideration payable to WeBank (ii) - 34,608 4,932 Finance lease liabilities 1,191,246 1,123,092 160,039 Operating lease liabilities 154,846 149,846 21,353 Total non-current liabilities 1,346,092 1,360,101 193,813 Total liabilities 2,231,240 2,085,125 297,130 Mezzanine equity Redeemable non-controlling interests 149,991 153,308 21,846 Total Mezzanine equity 149,991 153,308 21,846 Shareholders' deficit Ordinary shares 39,806 39,816 5,674 Additional paid-in capital 18,928,837 18,960,679 2,701,875 Subscription receivable from shareholders (107,879) (60,467) (8,616) Accumulated other comprehensive income 225,090 217,111 30,938 Accumulated deficit (19,378,705) (19,491,014) (2,777,450) Total Uxin's shareholders' deficit (292,851) (333,875) (47,579) Non-controlling interests (231) (239) (34) Total shareholders' deficit (293,082) (334,114) (47,613) Total liabilities, mezzanine equity and shareholders'deficit 2,088,149 1,904,319 271,363 (i) Long-term borrowing outstanding as of March 31, 2024 was pledged with the equity interest the Group holds in aninvestment. The long-term borrowing will be due in December 2024. In December 2023, the Group entered into a supplementary agreement with theborrower, mutually agreed that if the Group successfully disposes the investment pledged and pays the borrower cash proceeds of RMB240.0million, the remaining principal and interests will be waived. In conjunction with the sale of investment transaction, the Group also entered into afinancial advisory agreement and a supplement agreement in which the Group will incur the advisory expense of RMB36.9 million upon thesuccessful completion of the sale of investment. However, if the sale of investment transaction fails, the Group is still obligated to repay all theprincipal and interests under the original borrowing agreement. Given the uncertainty of the sale of investment, the Group did not account for theextinguishment of the borrowing as a result of a troubled debt restructuring until the completion of the sale of investment and settlement of theborrowing in April 2024. As of the settlement date, the investment was disposed at a consideration of RMB271.3 million, whereas the Group stillentitled a cash dividend of RMB8.0 million from the investee that was subsequently received in July 2024. Accordingly, the Group derecognized theinvestment with a carrying value of RMB279.3 million with no gains/losses from the disposal recognized. Concurrently, the Group also repaid theborrower RMB240.0 million and incurred the advisory expense of RMB36.9 million. Accordingly, the Group recognized the net gain fromextinguishment of debt amounting to RMB35.2 million for the quarter ended June 30, 2024, which is the difference between the total amount ofborrowing of RMB312.1 million derecognized (including principal of RMB292.0 million and interests of RMB20.1 million)and the aggregate amount of RMB240.0 million repaid and the advisory expense of RMB36.9 million.(ii) On June 21, 2024, the Company entered into another supplemental agreement with WeBank which revised and extendedthe repayment schedule of RMB30.0 million each due on June 30, 2024 and December 31, 2024 respectively to the monthlyrepayments of RMB2.5 million for each month from December 2024 to November 2026. As of September 30, 2024, theGroup classified the payables to Webank amounting to RMB34.6 million repayable after twelve months from September 30, 2024 as "Considerationpayable to WeBank" in non-current liabilities.(iii) On September 12, 2024, the Company's Anhui subsidiary ("Uxin Anhui") entered into a loan agreement with Pintu (Beijing) informationTechnology Co., Ltd. ("Pintu Beijing"), pursuant to which Pintu Beijing agreed to extend loan to Uxin Anhui in a principal amount of the RMBequivalent of US$7.5 million for a term of 18 months from the drawdown date unless other repayment schedule is negotiated and mutually agreed byUxin Anhui and Pintu Beijing. The interest rate is 5.35% per annum within 12 months after the drawdown date, and 8% per annum after 12 monthsuntil the loan is repaid in full. The loan is guaranteed by Uxin's Shaanxi subsidiary pursuant to a guarantee agreement entered on the same date. OnSeptember 13, 2024, Uxin Anhui made the drawdown of this loan, and the total RMB amount received was RMB53.4 million, which was classified as"Long-term borrowings from related party" in non-current liabilities. * Share-based compensation charges included are as follows: For the three months ended September 30, For the six months ended September 30, 2023 2024 2023 2024 RMB RMB US$ RMB RMB US$ Sales and marketing 661 — — 993 136 19 General and administrative 12,243 13,992 1,994 21,668 25,776 3,673 Research and development 885 — — 1,279 128 18 Uxin Limited Unaudited Reconciliations of GAAP And Non-GAAP Results (In thousands except for number of shares and per share data) For the three months ended September 30, For the six months ended September 30, 2023 2024 2023 2024 RMB RMB US$ RMB RMB US$ Net loss, net of tax (57,124) (59,169) (8,434) (148,726) (109,000) (15,533) Add: Income tax expense 108 - - 273 38 5 Interest income (45) (10) (1) (146) (26) (4) Interest expenses 7,710 24,095 3,434 12,829 46,953 6,691 Depreciation 6,684 15,479 2,206 13,097 32,056 4,568 EBITDA (42,667) (19,605) (2,795) (122,673) (29,979) (4,273) Add: Share-based compensation expenses 13,789 13,992 1,994 23,940 26,040 3,710 - Sales and marketing 661 - - 993 136 19 - General and administrative 12,243 13,992 1,994 21,668 25,776 3,673 - Research and development 885 - - 1,279 128 18 Other income (11,435) (1,498) (213) (13,802) (2,131) (304) Other expenses 378 1,331 190 650 2,131 304 Foreign exchange gains (964) (969) (138) (539) (1,448) (206) Equity in income of affiliates, net of tax - (2,429) (346) - (2,429) (346) Dividend from long-term investment - - - (11,970) - - Net gain from extinguishment of debt - - - - (35,222) (5,019) Fair value impact of the issuance of seniorconvertible preferred shares (5,017) - - 31,852 - - Non-GAAP adjusted EBITDA (45,916) (9,178) (1,308) (92,542) (43,038) (6,134) For the three months ended September 30, For the six months ended September 30, 2023 2024 2023 2024 RMB RMB US$ RMB RMB US$ Net loss attributable to ordinary shareholders (335,905) (60,837) (8,672) (427,505) (112,309) (16,005) Add: Share-based compensation expenses 13,789 13,992 1,994 23,940 26,040 3,710 - Sales and marketing 661 - - 993 136 19 - General and administrative 12,243 13,992 1,994 21,668 25,776 3,673 - Research and development 885 - - 1,279 128 18 Fair value impact of the issuance of seniorconvertible preferred shares (5,017) - - 31,852 - - Add: accretion on redeemable non-controllinginterests - 1,668 238 - 3,318 473 Deemed dividend to preferred shareholders dueto triggering of a down round feature 278,800 - - 278,800 - - Non-GAAP adjusted net loss attributable toordinary shareholders (48,333) (45,177) (6,440) (92,913) (82,951) (11,822) Net loss per share for ordinary shareholders - basic (0.24) (0.00) (0.00) (0.30) (0.00) (0.00) Net loss per share for ordinary shareholders – diluted (0.24) (0.00) (0.00) (0.30) (0.00) (0.00) Non-GAAP adjusted net loss to ordinary shareholdersper share – basic and diluted (0.03) (0.00) (0.00) (0.07) (0.00) (0.00) Weighted average shares outstanding – basic 1,428,081,692 56,418,967,059 56,418,967,059 1,425,861,229 56,415,815,208 56,415,815,208 Weighted average shares outstanding – diluted 1,428,081,692 56,418,967,059 56,418,967,059 1,425,861,229 56,415,815,208 56,415,815,208 Note: The conversion of Renminbi (RMB) into U.S. dollars (USD) is based on the certified exchange rate of USD1.00 = RMB7.0176 as of September 30, 2024 set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System.
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