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Qudian Inc. (NYSE: QD) is a consumer-oriented technology company headquartered in Xiamen, China. The company operates online platforms that primarily offer small consumer credit products within the People's Republic of China. Leveraging its technological capabilities, Qudian aims to empower financial institutions by enhancing their marketing and operational efficiency. This enables the efficient connection of diversified financial products with scene traffic across the entire network.
In recent years, Qudian has undergone a significant transformation. The company has strategically pivoted into the last-mile logistics sector, launching the 'Fast Horse' delivery business. Initially trialed in Australia in December 2022, this new venture has gained momentum, achieving initial shape and scale by mid-2023. Qudian plans to extend this service to Australia, North America, and New Zealand, aiming to meet the growing global demand for swift and reliable e-commerce delivery solutions.
Despite winding down its loan book and QD Food businesses, Qudian reported RMB29.6 million (US$4.1 million) in total revenues for the third quarter of 2023, predominantly generated from its last-mile delivery business. The company maintains a healthy balance sheet with cash and cash equivalents amounting to RMB7,226.4 million (US$990.5 million) as of September 30, 2023.
Qudian is also actively repurchasing its shares. As of December 2023, the company had purchased 44.9 million ADSs for approximately US$68.2 million under its share repurchase program. In March 2024, Qudian's Board of Directors authorized a new share repurchase program of up to US$300 million, reflecting the company's confidence in its intrinsic value and future potential.
Looking ahead, Qudian is poised to explore new business opportunities in online and offline retail, integrating Chinese supply chain advancements with global consumer demand. This includes launching a 'Buy Now, Pay Later' solution to provide flexible payment options for consumers. The company remains committed to its strategic vision while maintaining prudent cash management practices to safeguard its financial stability.
Qudian Inc. (NYSE: QD) will announce its third quarter 2021 financial results on December 13, 2021. The earnings report will be released before U.S. markets open. An earnings conference call is scheduled for 7:00 AM ET on the same day, allowing participants to discuss the results. To join the call, registration is required 15 minutes before the start time, and details for accessing the call will be provided post-registration. A replay will be available until December 20, 2021.
Qudian Inc. (NYSE: QD) reported its financial results for Q2 2021, revealing a substantial decline in total revenues, down 64.7% year-over-year to RMB412.1 million (US$63.8 million). The decrease in outstanding borrowers by 3.8% and outstanding loan balance by 13.8% reflects a conservative strategy. However, net income surged by 50.7% to RMB269.9 million (US$41.8 million), with non-GAAP net income rising 844.0% to RMB282.5 million (US$43.7 million). The company improved its asset quality with a delinquency rate below 5%. Future expansions include new WLM KIDS centers.
Qudian Inc. (NYSE: QD), a leading Chinese technology platform, is set to report its unaudited financial results for Q2 2021 on August 24, 2021, before U.S. markets open. The earnings conference call will occur at 7:00 AM ET on the same day. Investors and interested parties can register for the call online. Qudian's mission is to enhance online consumer finance for young consumers in China, offering tailored credit solutions where traditional financial institutions fall short. A live and archived webcast will be available on their investor relations site.
Qudian Inc. (NYSE: QD) reported its Q1 2021 financial results, revealing total revenues of RMB515.7 million (US$78.7 million), down 46.2% year-over-year. Notably, net income soared to RMB478.4 million (US$73.0 million) compared to a loss of RMB486.5 million in Q1 2020. The company’s cash and cash equivalents stood at RMB2.2 billion (US$333.9 million). However, the number of outstanding borrowers decreased by 8% to 3 million, reflecting a conservative lending strategy. The D1 delinquency rate improved to below 5%, indicating enhanced asset quality amidst regulatory challenges.
Qudian Inc. (NYSE: QD) will report its unaudited financial results for Q1 2021 on June 15, 2021, before U.S. market open. An earnings conference call will be hosted on the same day at 7:00 AM ET. The Company focuses on enhancing online consumer finance experiences in China, targeting young consumers with personalized credit solutions. Interested participants can register online for the call and access related information via the Company’s investor relations website. A replay will be available until June 22, 2021.
Qudian Inc. (NYSE: QD) filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on April 29, 2021. The report is accessible on the company's investor relations website. Qudian aims to enhance the online consumer finance experience in China, providing personalized credit solutions to underserved young consumers. The company offers audited consolidated financial statements to shareholders and ADS holders upon request. For more details, visit their website.
Qudian Inc. (NYSE: QD) reported its unaudited financial results for Q4 and full year 2020, highlighting a substantial revenue decline. Q4 revenues dropped 63.1% to RMB713.6 million (US$109.4 million), while full year revenue fell 58.3% to RMB3,688.0 million (US$565.2 million). However, net income surged 427.0% year-on-year in Q4 to RMB673.9 million (US$103.3 million). The total loan balance decreased by over 24% due to a conservative lending strategy, while the D1 delinquency rate improved to 11%. Despite challenges, the firm aims to explore growth areas in 2021.
Qudian Inc. (NYSE: QD), a leading tech platform in China's online consumer finance sector, will report its unaudited financial results for Q4 and the full year 2020 on March 29, 2021, before U.S. markets open. An earnings call is scheduled for the same day at 7:00 AM ET. Investors can register for the call online and access a live and archived webcast on the investor relations website. Qudian aims to provide accessible credit solutions to mobile-active young consumers in China, addressing the gap left by traditional financial institutions.
Qudian Inc. (NYSE: QD) reported its third-quarter 2020 results, showing a significant revenue decline of 67.2% to RMB849.4 million (US$125.1 million) year-over-year. Net income fell 43.2% to RMB592.3 million (US$87.2 million), or RMB2.22 (US$0.33) per diluted ADS. The total number of registered users increased by 3.8% to 81.3 million, but outstanding borrowers decreased by 18.2% to 4.1 million. The company aims to maintain a prudent approach to credit, with improved delinquency metrics. Cash and cash equivalents stood at RMB1,489.1 million (US$219.3 million) as of September 30.
Qudian Inc. (NYSE: QD) reported its third quarter 2020 financial results, showing total revenues of RMB849.4 million (US$125.1 million), a 67.2% decline year-on-year. The company’s net income also fell 43.2% to RMB592.3 million (US$87.2 million), with earnings per diluted ADS at RMB2.22 (US$0.33). Key operational metrics included a 3.8% increase in registered users to 81.3 million, but a significant 18.2% drop in outstanding borrowers to 4.1 million. The loan balance decreased across all sectors, indicating a conservative operational strategy amid changing regulations.
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