Uxin Limited

Ladies and gentlemen, thank you for standing by, and welcome to the Yuxing earnings call for the quarter ended December 31st, 2021. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a question and answer session. Today's conference call is being recorded. If you have any objections, you may disconnect at this time. I will now turn the call over to you for today's conference call. Ms. Joyce Tang, I am the director of the company. Please go ahead, ma'am.

Thank you, operator. Hello, everyone. Welcome to Yuxin's earnings conference call for the quarter ended December 31st, 2021. On the call today are DK, founder and CEO of Yuxin, and John Lin, CFO of Yuxin. DK will review business operations and company highlights, followed by John, who will discuss financial and guidance. They will both be available to answer your questions during the Q&A session that follows. Before we start, I would like to remind you that this call may contain forward-looking statements made under the safe proper provision of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current knowledge and assumptions about future events that involve known or unknown risks and uncertainties, which could cause actual results to differ materially from those in the forward-looking statements. Yuxin does not undertake any obligations to update any forward-looking statements except as required under applicable law. For more information about the potential risks and uncertainties, please refer to our filings with the SEC. With that, I will now turn the call over to our CEO, Big K. Please go ahead.

Thank you, host. Hello, everyone. Thank you for joining our earnings compass call today. To better communicate with both domestic and international investors, my prepared remarks today will still be in both English and Chinese. In the third quarter of 2022, that is, from October to December of 2021, we are very happy that our performance continues to maintain a strong growth. The total sales volume of this quarter is 4865 units, which increased by 111% compared to last year, and increased by 33%, of which the retail sales volume of 1657 units increased by 61% compared to the previous quarter. Although one of our important business cities is Xi'an, We are pleased that our business maintains its robust growth throughout the third quarter of fiscal year 2022, which spans from October to December 2021. Total transaction volume grows by 111% year-over-year,