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Published: 2021-12-07 06:01:59 ET
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EX-99.1 3 tm2126524d4_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

Financial Information of the Variable Interest Entities of Uxin Limited

 

The following tables set forth the assets, liabilities, results of operations and cash flows of the variable interest entities of Uxin Limited (the “VIEs”), which are Youxin Internet (Beijing) Information Technology Co., Ltd., and Youxin Yishouche (Beijing) Information Technology Co., Ltd., and their subsidiaries taken as a whole. Transactions between the VIEs and their subsidiaries are eliminated for the periods presented.

 

   March 31, 2020   March 31, 2021 
   RMB   RMB 
         
   (in thousands) 
Cash and cash equivalents    1,852    299 
Amounts due from related parties    195,345    207,313 
Accounts receivable    2,613    2,202 
Other receivables, net    32,578    43,493 
Inventory    2,120    - 
Prepaid expense and other current assets    2,545    2,514 
Long-term investments    6,065    5,666 
Property, equipment and software, net    4,224    3,531 
Intangible assets, net    375    313 
Total assets    247,717    265,331 
Accounts payable    4    4 
Amounts due to related parties    779,960    815,459 
Other payables and accruals    74,018    65,472 
Total liabilities    853,982    880,935 

 

   For the year ended December 31,   For the three
months ended
March 31,		   For the fiscal
year ended
March 31,		 
   2018   2019   2020   2021 
   RMB   RMB   RMB   RMB 
                 
   (in thousands) 
Total revenues    416,578    160,626    6,393    6,160 
Cost of revenues    (156,093)   (46,670)   (4,828)   (14)
Net (loss)/income    (85,882)   (47,672)   44,704    (9,341)
                     
Net cash used in operating activities    (51,713)   (45,393)   (31,962)   (1,825)
Net cash (used in)/generated from investing activities    (67,516)   3,071    157,405    23 
Net cash generated from/(used in) financing activities    81,489    319    (149,528)   249 
Net decrease in cash and cash equivalents    (37,740)   (42,003)   (24,085)   (1,553)
Cash and cash equivalents at beginning of the period    105,680    67,940    25,937    1,852 
                     
Cash and cash equivalents reclassified as held for sale assets    -    25,024    -    - 
Cash and cash equivalents at end of the period    67,940    913    1,852    299