USANA Philippines Receives Two AP Stevie Awards
Company recognized for excellence in marketing and sustainability
MANILA, Philippines, June 11, 2025 /PRNewswire/ -- USANA Philippines, a leader in health and wellness, has recently been recognized with two silver awards at the recent Asia Pacific Stevie Awards (AP Stevies). The awards highlight USANA's commitment to innovation, sustainability, and excellence.
The AP Stevie Awards are widely considered to be one of the world's premier business awards, recognizing innovation in the workplace in all 29 nations of the Asia-Pacific region.
"We are immensely proud to receive these prestigious awards, which are a testament to USANA's unwavering commitment to innovation, sustainability, excellence, and most importantly, our customers," said Cherry Ampig, USANA Philippines general manager. "These recognitions not only validate our efforts, but also motivate us to take that next step and do even more for our customers and the global USANA family."
To learn more about USANA, please visit here.
USANA Philippines won silver in the Innovation in Content Marketing/Branded Editorial category for its efforts in transforming its marketing department and creating content like their "Good Morning, USANA" show, doctor-centric content, user-generated content and challenges, and Viber and direct messaging campaigns. All of these strategies help position USANA as a pillar in the industry and create significant engagement with customers.
USANA Philippines also won in the Innovation in Sustainability category for its recent sustainability initiatives. Last year, the market created a campaign to help recycle discarded plastic product bottles used by employees and customers. Approximately 8,000 kilos of plastic bottles were collected and then turned into 200 plastic chairs that were donated to a local school. USANA Philippines also led a service trip on Malapascua Island where they planted USANA Garden Towers to provide a sustainable source of nutritious food to those in the area. Each Garden Tower is made of durable material, can hold up to 120 plants, and uses 30% less water.
About USANAUSANA (NYSE:USNA) prides itself in providing consumers nutritional products around the world. From its award-winning supplements to its innovative Celavive skincare and Active Nutrition lines, USANA has proven for over 30 years why it's a company you can trust. How about giving us a try? Shop at USANA.com or learn more at whatsupUSANA.com.
Media Contact: +1 (801) 954-7645 media(at)USANAinc(dot)com
View original content:https://www.prnewswire.com/apac/news-releases/usana-philippines-receives-two-ap-stevie-awards-302478141.html
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Uxin Reports Unaudited Financial Results for the Quarter Ended March 31, 2025
BEIJING, June 12, 2025 /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 March 31, 2025. Highlights for the Quarter Ended March 31, 2025 Transaction volume was 8,264 units for the three months ended March 31, 2025, a decrease of 12.4% from 9,439 units in the last quarter and an increase of 103.6% from 4,058 units in the same period last year. Retail transaction volume was 7,545 units, a decrease of 11.8% from 8,554 units in the last quarter and an increase of 141.5% from 3,124 units in the same period last year. Total revenues were RMB504.2 million (US$69.5 million) for the three months ended March 31, 2025, a decrease of 15.5% from RMB596.8 million in the last quarter and an increase of 58.0% from RMB319.2 million in the same period last year. Gross margin was 7.0% for the three months ended March 31, 2025, compared with 7.0% in the last quarter and 6.6% in the same period last year. Loss from operations was RMB35.3 million (US$4.9 million) for the three months ended March 31, 2025, compared with RMB73.4 million in the last quarter and RMB109.8 million in the same period last year. Non-GAAP adjusted EBITDA[1] was a loss of RMB8.9 million (US$1.2 million), compared with a gain of RMB2.0 million in the last quarter and a loss of RMB39.7 million in the same period last year. [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 June 12, 2025 with the SEC, "Unaudited Reconciliations of GAAP And Non-GAAP Results" for a reconciliation and additional information on non-GAAP measures. Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, commented, "we once again delivered strong performance in the first quarter of 2025, achieving retail vehicle transaction volume of 7,545 units, representing a 142% year-over-year increase, despite the temporary impact of the Chinese New Year holiday. Our inventory structure remained healthy with turnover days around 30, and our industry-leading NPS (net promoter score) of 65 underscores the strength of our customer experience. Additionally, our newly launched superstore in Wuhan began trial operations during the quarter, with both inventory and sales ramping up rapidly. As we continue to expand our footprint and scale our operations, we expect our retail transaction volume in the second quarter to exceed 10,000 units, setting a new record for Uxin." Mr. Feng Lin, Chief Financial Officer of Uxin, stated, "despite the seasonal slowdown during the Chinese New Year in the quarter, we continued to improve our financial performance with retail revenue reaching RMB466 million, a 73% year-over-year increase. Gross margin also expanded by 40 basis points year-over-year to 7%,and remained consistent with the prior quarter. Importantly, we maintained our commitment to disciplined cost management and further enhancement in operational efficiency. While we incurred some upfront expenses associated with the launch of our new superstore in Wuhan, our non-GAAP adjusted EBITDA loss narrowed significantly to RMB8.9 million, representing a 78% year-over-year reduction. As our new superstore scales and sales volume at existing locations continues to grow, we remain confident in our trajectory toward sustainable growth and improved profitability." Financial Results for the Quarter Ended March 31, 2025 Total revenues were RMB504.2 million (US$69.5 million) for the three months ended March 31, 2025, a decrease of 15.5% from RMB596.8 million in the last quarter and an increase of 58.0% from RMB319.2 million in the same period last year. The quarter-over-quarter decrease was mainly due to the decrease in retail vehicle sales revenue. The year-over-year increase was mainly due to the increase in retail vehicle sales revenue. Retail vehicle sales revenue was RMB465.5 million (US$64.2 million) for the three months ended March 31, 2025, representing a decrease of 15.8% from RMB553.1 million in the last quarter and an increase of 72.8% from RMB269.4 million in the same period last year. For the three months ended March 31, 2025, retail transaction volume was 7,545 units, a decrease of 11.8% from 8,554 units last quarter and an increase of 141.5% from 3,124 units in the same period last year. The quarter-over-quarter decrease in retail vehicle sales revenue was mainly due to the decrease in retail transaction volume resulting from seasonality. The Chinese New Year holiday lasted from January 28 to February 4, 2025, which is the traditional used car off-season. The year-over-year increase was mainly due to the increase in retail transaction volume by 141.5% while partially offset by the decline of retail average selling price. Wholesale vehicle sales revenue was RMB22.5 million (US$3.1 million) for the three months ended March 31, 2025, compared with RMB25.5 million in the last quarter and RMB39.7 million in the same period last year. For the three months ended March 31, 2025, wholesale transaction volume was 719 units, representing a decrease of 18.8% from 885 units last quarter and a decrease of 23.0% from 934 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. Other revenue was RMB16.2 million (US$2.2 million) for the three months ended March 31, 2025, compared with RMB18.2 million in the last quarter and RMB10.1 million in the same period last year. Cost of revenues was RMB468.9 million (US$64.6 million) for the three months ended March 31, 2025, compared with RMB554.9 million in the last quarter and RMB298.1 million in the same period last year. Gross margin was 7.0% for the three months ended March 31, 2025, compared with 7.0% in the last quarter and 6.6% in the same period last year. The Company's gross margin remained stable quarter-over-quarter. The year-over-year increase in gross margin was mainly due to the increase in our value-added services penetration rate, which generally have higher gross profit margin. Total operating expenses were RMB82.5 million (US$11.4 million) for the three months ended March 31, 2025. Total operating expenses excluding the impact of share-based compensation were RMB72.7 million. Sales and marketing expenses were RMB61.7 million (US$8.5 million) for the three months ended March 31, 2025, a decrease of 0.1% from RMB61.8 million in the last quarter and an increase of 21.4% from RMB50.8 million in the same period last year. The year-over-year increase was mainly due to the increased salaries for the sales teams. General and administrative expenses were RMB18.3 million (US$2.5 million) for the three months ended March 31, 2025, representing a decrease of 73.6% from RMB69.3 million in the last quarter and a decrease of 75.7% from RMB75.3 million in the same period last year. The decreases were mainly due to the impact of share-based compensation expenses. Research and development expenses were RMB2.9 million (US$0.4 million) for the three months ended March 31, 2025, representing an increase of 21.0% from RMB2.4 million in the last quarter and a decrease of 51.9% from RMB6.0 million in the same period last year. The year-over-year decrease was mainly due to a decrease of the salaries and benefits expenses of employees engaged in research and development. Other operating income, net was RMB11.9 million (US$1.6 million) for the three months ended March 31, 2025, compared with RMB18.1 million for the last quarter and RMB0.9 million in the same period last year. The quarter-over-quarter decrease was mainly due to the decline of proceeds from government grant. The year-over-year increase was mainly due to the increase in liability waiver gain. Loss from operations was RMB35.3 million (US$4.9 million) for the three months ended March 31, 2025, compared with RMB73.4 million in the last quarter and RMB109.8 million in the same period last year. Interest expenses were RMB22.5 million (US$3.1 million) for the three months ended March 31, 2025, representing an increase of 2.0% from RMB22.1 million in the last quarter and a decrease of 6% from RMB24.0 million in the same period last year. Net loss from operations was net loss of RMB51.4 million (US$7.1 million) for the three months ended March 31, 2025, compared with net loss of RMB90.3 million in the last quarter and net loss of RMB142.7 million in the same period last year. Non-GAAP adjusted EBITDA was a loss of RMB8.9 million (US$1.2 million) for the three months ended March 31, 2025, compared with a gain of RMB2.0 million in the last quarter and a loss of RMB39.7 million in the same period last year. Liquidity The Company has incurred net losses since inception. For the quarter ended March 31, 2025, the Company incurred net loss of RMB51.4 million and operating cash outflow of RMB24.4 million, and the Company's current liabilities exceeded current assets by approximately RMB373.5 million and the Company had accumulated deficit in the amount of RMB19.6 billion as of March 31, 2025. Based on the Company's liquidity assessment, which considers the management's plan to address these adverse conditions and events including growing its vehicle sales revenue by increasing the sales volume, improving the gross profit margin by increasing the value-added services offered to its customers, maintaining vehicle turnover rate by managing reasonable vehicle prices, and raising funds from planned equity and debt financings, and also adjusting its operation scale if and when necessary, the Company believes that it is probable to effectively implement these plans and accordingly, its current cash and cash equivalents which included funds from the equity financings completed during the first quarter of 2025, funds from the planned equity and debt financings and the cash flows from operations are sufficient for the Company to meet its anticipated working capital requirements and other capital commitments and the Company will be able to meet its payment obligations when liabilities that fall due within the next twelve months from the date of this release. Business Outlook For the three months ended June 30, 2025, the Company expects its retail transaction volume to range between 10,000 units and 10,500 units. The Company estimates that its total revenues including retail vehicle sales revenue, wholesale vehicle sales revenue and other revenue to range between RMB630 million and RMB660 million. 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 Thursday, June 12, 2025, at 8:00 A.M. U.S. Eastern Time (8:00 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： A telephone replay of the call will be available after the conclusion of the conference call until June 19, 2025. The dial-in details for the replay are as follows: U.S.: +1 877 344 7529 International: +1 412 317 0088 Replay PIN: 3857318 A live webcast and archive of the conference call will be available on the Investor Relations section of Uxin's website at 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, foreign exchange (losses)/gain, other income/(expenses), structure realignment cost which was mainly severance cost and equity in income of affiliates. 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, 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 facilitate 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 believe 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, other income/(expenses) and foreign exchange (losses)/gain 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 RMB7.2567 to US$1.00, representing the index rate as of March 31, 2025 set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. The Company makes no representation that the RMB or US$ 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@ The Blueshirt GroupMr. Jack WangPhone: +86 166-0115-0429Email: Jack@ Uxin Limited Unaudited Consolidated Statements of Comprehensive Loss (In thousands except for number of shares and per share data)For the three months ended March 31, 20242025 RMBRMBUS$ Revenues Retail vehicle sales269,421465,51864,150 Wholesale vehicle sales39,72222,5473,107 Others10,00816,1642,227 Total revenues319,151504,22969,484Cost of revenues(298,109)(468,888)(64,614) Gross profit21,04235,3414,870Operating expenses Sales and marketing(50,815)(61,703)(8,503) General and administrative (75,336)(18,334)(2,526) Research and development(6,027)(2,899)(399) Reversal of credit losses, net35939554 Total operating expenses(131,819)(82,541)(11,374)Other operating income, net93511,9481,646Loss from operations(109,842)(35,252)(4,858)Interest income871 Interest expenses(23,970)(22,542)(3,106) Other income6226,285866 Other expenses(4,086)(655)(90) Foreign exchange gains511776107 Loss before income tax expense(136,757)(51,381)(7,080) Income tax expense(12)-- Equity in loss of affiliates, net of tax (5,951)-- Net loss, net of tax(142,720)(51,381)(7,080) Add: net profit attribute to redeemable non-controlling interests and non-controlling interests shareholders(1,629)(1,690)(233) Net loss attributable to UXIN LIMITED(144,349)(53,071)(7,313) Deemed dividend to preferred shareholders due to triggering of a down round feature(1,781,454)-- Net loss attributable to ordinary shareholders(1,925,803)(53,071)(7,313)Net loss(142,720)(51,381)(7,080) Foreign currency translation, net of tax nil667510 Total comprehensive loss(142,654)(51,306)(7,070) Add: net profit attribute to redeemable non-controlling interests and non-controlling interestsshareholders(1,629)(1,690)(233) Total comprehensive loss attributable to UXIN LIMITED(144,283)(52,996)(7,303)Net loss attributable to ordinary shareholders(1,925,803)(53,071)(7,313) Weighted average shares outstanding – basic4,465,415,46158,275,586,72258,275,586,722 Weighted average shares outstanding – diluted4,465,415,46158,275,586,72258,275,586,722Net loss per share for ordinary shareholders, basic(0.43)(0.00)(0.00) Net loss per share for ordinary shareholders, diluted(0.43)(0.00)(0.00) Uxin Limited Unaudited Consolidated Balance Sheets (In thousands except for number of shares and per share data)As of December 31,As of March 31, 20242025RMBRMBUS$ ASSETS Current assets Cash and cash equivalents25,112103,36614,244 Restricted cash76766892 Accounts receivable, net4,1502,750379 Loans recognized as a result of paymentsunder guarantees, net of provision for creditlosses of RMB7,710 and RMB7,707 as of December 31, 2024 and March 31, 2025, respectively--- Other receivables, net of provision for credit losses of RMB21,113 and RMB15,149 as of December 31, 2024 and March 31, 2025, respectively14,99812,4681,718 Inventory, net207,390189,90526,170 Prepaid expenses and other current assets86,97781,25911,198 Total current assets339,394390,41653,801Non-current assets Property, equipment and software, net71,42073,93110,188 Finance lease right-of-use assets, net1,346,7281,339,818184,632 Operating lease right-of-use assets, net 194,388193,23226,628 Total non-current assets1,612,5361,606,981221,448Total assets1,951,9301,997,397275,249LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' DEFICIT Current liabilities Accounts payable81,58483,89211,561 Other payables and other current liabilities306,391275,27837,934 Current portion of operating lease liabilities14,56313,3451,839 Current portion of finance lease liabilities183,852184,75225,460 Short-term borrowing from third parties174,616167,28523,052 Short-term borrowings from related parties (i)1,00039,3835,427 Total current liabilities762,006763,935105,273Non-current liabilities Long-term borrowings from related party (i)53,913-- Long-term borrowings from third party-14,3561,978 Consideration payable to WeBank27,23719,8382,734 Finance lease liabilities1,141,1181,159,433159,774 Operating lease liabilities180,920180,20724,833 Total non-current liabilities1,403,1881,373,834189,319Total liabilities2,165,1942,137,769294,592Mezzanine equity Redeemable non-controlling interests (ii)154,977170,66623,518 Total Mezzanine equity154,977170,66623,518Shareholders' deficit Ordinary shares (iii)39,81642,6215,873 Additional paid-in capital (iii)19,007,94819,151,2162,639,108 Subscription receivable from shareholders (iii)(60,467)(96,343)(13,276) Accumulated other comprehensive income227,718227,79331,391 Accumulated deficit(19,583,017)(19,636,088)(2,705,924) Total Uxin's shareholders' deficit(368,002)(310,801)(42,828) Non-controlling interests(239)(237)(33) Total shareholders' deficit(368,241)(311,038)(42,861)Total liabilities, mezzanine equity and shareholders' deficit1,951,9301,997,397275,249(i) Long-term borrowing from related party outstanding as of December 31, 2024 amounted to RMB53.9 million. On September 12, 2024, the Company's Anhui subsidiary ("Uxin Anhui") entered into a loan agreement with Pintu (Beijing) information Technology Co., Ltd. ("Pintu Beijing"), pursuant to which Pintu Beijing agreed to extend loan to Uxin Anhui in a principal amount of the RMB equivalent of US$7.5 million for a term of 18 months from the drawdown date unless other repayment schedule is negotiated and mutually agreed by Uxin 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 months until 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. On September 13, 2024, Uxin Anhui made the drawdown of this loan, and the total RMB amount received was classified as "Long-term borrowings from related party" in non-current liabilities. Subsequently in November 2024, the Company entered into a Share Subscription Agreement with Lightwind Global Limited ("Lightwind", a wholly-owned subsidiary of Pintu Beijing). Pursuant to this agreement and subject to the fulfilment of specified conditions, Uxin agreed to allot and issue, while Lightwind agreed to subscribe for, a total of 1,543,845,204 Class A Ordinary Shares of the Company, with an aggregate subscription amount of US$7.5 million. When the specified conditions were fulfilled and a repayment schedule of the long-term loan of US$7.5 million was mutually agreed, Lightwind shall invest equivalent amount in the Company after Uxin Anhui repays the loan under the repayment schedule to Pintu Beijing. In March 2025, a revised repayment schedule was mutually agreed by Uxin Anhui and Pintu Beijing. Pursuant to which, Uxin Anhui fully repaid the total amount of principal and interests, amounting to RMB55.0 million, to Pintu Beijing by 2 installments, RMB15.0 million in March 2025 and RMB40.0 million in April 2025. Concurrently, Lightwind made an equivalent investment in the Company as the specified conditions for the investment had been fulfilled. As of March 31, 2025, the Company classified all remaining borrowings of RMB38.4 million as "Short-term borrowings from related parties" in current liabilities based on the revised repayment schedule.(ii) On October 16, 2024, the Company, through Uxin Anhui, entered into an 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, Wuhan Youxin Intelligent Remanufacturing Co., Ltd. ("Uxin Wuhan"). Uxin Anhui will contribute RMB66.7 million and Wuhan Junshan will contribute RMB33.3 million, representing approximately 66.7% and 33.3% of Uxin Wuhan's total registered capital, respectively. As of March 31, 2025, the Company and Wuhan Junshan each made contributions of RMB14.0 million to Uxin Wuhan, respectively, and the investment from Wuhan Junshan was recognized as redeemable non-controlling interests.(iii) On March 4, 2025, the Company entered into a share subscription agreement with Fame Dragon Global Limited (the "Investor"), an investment vehicle of NIO Capital, pursuant to which the Investor agreed to purchase 5,738,268,233 Class A Ordinary Shares of the Company for a total consideration of US$27.8 million. As of March 31, 2025, the Company has issued 3,911,092,516 Class A Ordinary Shares of the Company to the Investor and entities designated by the Investor with the receipts of US$14.0 million in March 2025 and US$5.0 million in April 2025, respectively. For the consideration of US$5.0 million that had not been received as of March 31, 2025 while the corresponding shares had been issued in advance in March 2025, the Group classified it as "Subscription Receivable from Shareholders" under the shareholders' substance, the Company issued a forward contract to the Investor, as the Investor is obligated to purchase the shares, and the Company is required to issue them upon the satisfaction of the closing conditions at the pre-agreed price and amount which shall be a deemed dividend to the forward contract holder recorded in the additional paid-in capital. In addition, given that this forward contract is considered indexed to the Company's own stock and meet the requirement for equity classification, it was also classified under the Company's equity and was initially measured at fair value amounting to RMB180.8 million with no subsequent remeasurement. * Share-based compensation charges included are as follows:For the three months ended March 31, 20242025 RMBRMBUS$ Sales and marketing—1,166161 General and administrative40,3888,0251,106 Research and development—61785 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 March 31, 20242025 RMBRMBUS$ Net loss, net of tax(142,720)(51,381)(7,080)Add: Income tax expense12-- Interest income(8)(7)(1) Interest expenses23,97022,5423,106 Depreciation15,76016,5932,287 EBITDA(102,986)(12,253)(1,688)Add: Share-based compensation expenses40,3889,8081,352 - Sales and marketing-1,166161 - General and administrative40,3888,0251,106 - Research and development-61785 Other income(622)(6,285)(866) Other expenses4,08665590 Foreign exchange gains(511)(776)(107) Structure realignment cost13,948-- Equity in loss of affiliates, net of tax 5,951--Non-GAAP adjusted EBITDA(39,746)(8,851)(1,219)For the three months ended March 31, 20242025 RMBRMBUS$ Net loss attributable to ordinary shareholders(1,925,803)(53,071)(7,313) Add: Share-based compensation expenses40,3889,8081,352 - Sales and marketing-1,166161 - General and administrative40,3888,0251,106 - Research and development-61785 Add: accretion on redeemable non-controlling interests1,6501,688233 Deemed dividend to preferred shareholders due to triggering of a down round feature1,781,454--Non-GAAP adjusted net loss attributable to ordinary shareholders(102,311)(41,575)(5,728)Net loss per share for ordinary shareholders - basic(0.43)(0.00)(0.00) Net loss per share for ordinary shareholders – diluted(0.43)(0.00)(0.00) Non-GAAP adjusted net loss to ordinary shareholders per share – basic and diluted(0.02)-- Weighted average shares outstanding – basic4,465,415,46158,275,586,72258,275,586,722 Weighted average shares outstanding – diluted4,465,415,46158,275,586,72258,275,586,722Note: The conversion of Renminbi (RMB) into U.S. dollars (USD) is based on the certified exchange rate of USD1.00 = RMB7.2567 as of March 31, 2025 set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. 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DIGI Leads Sustainable Retail Revolution at NRF APAC with COMBO, a Game-Changing Bulk Shopping Innovation
SINGAPORE, June 12, 2025 /PRNewswire/ -- DIGI, a global leader in retail solutions, showcased COMBO, a pioneering zero waste bulk system newly introduced to Asia, alongside a comprehensive range of sustainable retail technologies at the second edition of NRF APAC, held at Marina Bay Sands. Revolutionizing Bulk Shopping for Sustainability and Convenience Building on its successful debut at EuroCIS 2025 in Düsseldorf, Germany, COMBO captivated attendees at the three-day NRF APAC event with its innovative integration of REVO, a bulk bag dispenser, and the DRS-1000 reverse weighing scale. The DRS-1000 is the world's first OIML-approved reverse weighing system for trade, which removes the need for shoppers to tare their containers and streamlines weighing through automatic product call-up, reducing errors. Each REVO bulk bag replaces the equivalent of 40 standard packages, enabling retailers to significantly reduce packaging waste while protecting products from cross-contamination, humidity, and oxidation. Equipping Retailers for a Sustainable Future "Retailers often lack the right tools to advance their green missions. As a leader in retail innovation, we are continuously refining our solutions to empower them in achieving their sustainability goals." said Masayasu Takashima, Managing Director of DIGI Singapore. DIGI's commitment to sustainability was further demonstrated through its diverse portfolio showcased at NRF APAC, designed to boost operational efficiency while promoting environmental responsibility. Other sustainable innovations featured included: LX-5600: The world's first tray sealer that extends food freshness, reducing in-store food waste. DRV-100: A PET bottle reverse vending machine that preserves plastic quality for recycling. SM-6000 AI: An AI-powered self-service scale equipped with fraud prevention features. InfoTag: Durable electronic shelf labels with a lifespan of up to 10 years. Enchant Digital Poster: 28.5'' energy-efficient, full-color digital signage solution. DIGI's participation at NRF APAC 2025 reinforces its leadership in driving retail innovation and sustainability across the Asia-Pacific region, aligning with the event's focus on green technologies and future-ready retail solutions. DIGI will continue its commitment to sustainable innovation by participating in the inaugural NRF Retail's Big Show Europe in September. About DIGI At DIGI Group, we are committed to developing innovative products and services that prioritize environmental sustainability and contribute to a greener future. Our efforts focus on three core themes: circular economy, zero waste, and water safety — ensuring access to safe and reliable water for all. We believe that responsible product and service creation lies at the heart of our mission and will shape a better tomorrow for generations to come. Learn more: Press contact: Kai Lim – View original content to download multimedia: SOURCE DIGI SINGAPORE PTE LTD Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Colliers releases 2024 Global Sustainability Report; announces refreshed sustainability strategy, 'Built to Last'
BANGALORE, India, June 12, 2025 /PRNewswire/ -- Colliers (NASDAQ: CIGI), (TSX: CIGI), a leading diversified real estate professional services firm, released its 2024 Global Sustainability Report, highlighting the firm's achievements and progress against targets established in 2021. The company's refreshed sustainability strategy, Built to Last, elaborately conveyed through the report, includes targets for addressing the firm's own GHG emissions and helping its clients do the same. The strategic framework rests on three interconnecting themes - Environmental Sustainability, Workplace Experience, and Ethical Governance & Practices. Environmental Sustainability addresses the growing need for decarbonization pathways that enhance asset resilience and align with climate change mitigation goals. Workplace Experience focuses on people – their safety, well-being, and acceptance. And Ethical Governance & Practices emphasizes the firm's commitment to ethical business conduct and transparent governance, particularly around data privacy and proactive cybersecurity measures to protect the interests of internal and external stakeholders. Inclusiveness and instilling a sense of belonging among its people remain a key area of focus for the firm. Several of the firm's Asia Pacific markets including India strengthened their Employee Assistance Programme (EAP) offering to make services, personalized support and wellness workshops more accessible to employees. Further, the enhanced employee referral program has broadened the hiring pool by leveraging employees' social networks. Asia Pacific highlights in the report include: 39.6% reduction in Scope 1 and 2 emissions per square foot from a 2021 baseline Secured WELL Health-Safety Ratings in all Colliers offices in Asia Pacific 108% participation in Colliers Gives global volunteering program Approx 90% engagement in our global employee survey, with engagement scores exceeding external benchmarks 30% of manager+ roles held by women "At Colliers, sustainability is not just a commitment but the foundation of our future. With our refreshed sustainability strategy, 'Built to Last', we are prioritizing people, governance, and environmental sustainability, ensuring that progress is both impactful and enduring. From sustainable asset investing to integrating new ESG-focused services, we are embedding sustainability into every facet of our business. Our unbiased hiring practices, increased women leadership, and sensitivity trainings reflect our dedication to inclusiveness, while our community initiatives reinforce our responsibility to giving back. Winning key accolades and acquiring certifications like Great Place to Work is a testament to our ethical stance and steadfast pursuit of excellence and sustainable growth. As we move forward, we will continue leading with integrity, innovation, and a deep-rooted commitment to doing right by our people, clients and communities," says Sankey Prasad, Chairman & MD, Middle-East & India, Colliers. "Our latest global sustainability report underscores our unwavering commitment to our ESG goals - prioritizing people, governance, and environmental sustainability. By integrating compliant strategies, sustainable asset investments, and inclusive leadership practices, we continue to drive meaningful change. As we embrace technological advancements, we are committed to harnessing AI and pioneering technologies responsibly, integrating policies that drive ethical innovation, improved efficiency, and ascending growth. Our refreshed approach is also deeply rooted in fostering an inclusive, transparent, and forward-thinking organization. We prioritize the physical and mental well-being of our employees, creating a supportive culture where they can thrive. We hope to empower professionals from diverse backgrounds, ensuring that all our people have equal access to opportunity and resources that unlock their full potential," says Badal Yagnik, Chief Executive Officer, Colliers India. The full 2024 Global Sustainability Report is available at About Colliers Colliers (NASDAQ: CIGI) (TSX: CIGI) is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fueled by visionary leadership, significant inside ownership and substantial recurring earnings. With nearly $5.0 billion in annual revenues, a team of 23,000 professionals, and more than $100 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at X @Colliers or LinkedIn. Media Contact: Sukanya DasguptaNational Director, Marketing & Communication+91 Logo: View original content:
