Uxin Limited (UXIN) CEO Kun Dai on Q3 2019 - Earnings Call Transcript

Uxin Limited (NASDAQ:UXIN) Q3 2019 Earnings Conference Call November 27, 2019 8:00 AM ET

Company Participants

Nancy Song - IR Director
Kun Dai - Founder & CEO
Zhen Zeng - CFO

Conference Call Participants

Eddy Wang - Morgan Stanley
Ronald Keung - Goldman Sachs
Ashley Xu - Credit Suisse

Operator

Ladies and gentlemen, thank you for standing by and welcome to Uxin's Third Quarter 2019 Earnings Conference Call. [Operator Instructions] After management prepared remarks there will be a Q&A session. [Operator Instructions]

I would now like to turn the call over to Nancy Song, Investor Relations Director of Uxin. Please go ahead.

Nancy Song

Thank you, operator. Hello, everyone. Welcome to Uxin's third quarter 2019 earnings conference call. Today D.K. our Founder and CEO and Zhen Zeng, our CFO will discuss our financial results for the third quarter. Following the prepared remarks, D.K. and Zhen will be available to answer your questions.

Before we start, I would like to remind you that our statements today will contain forward-looking statements that we make under the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. These statements are based on the management's current knowledge and assumptions about future events that involve risks and uncertainties, which could cause actual results to differ materially from our expectations. Uxin does not undertake any obligations to update any forward-looking statement, except as required under applicable law. For more information about the potential risks and uncertainties, please refer to the Company's filings with the SEC.

With that, I will now turn the call over to our CEO. D.K, please.

Kun Dai

Thank you, Nancy. Hello everyone, thank you for joining our third quarter 2019 earnings conference call. We are pleased to report a solid set of results for this quarter. Our total revenue increased by 33% year-over-year to RMB461