Quhuo Limited Reports Unaudited Financial Results for the Six Months Ended June 30, 2025
Quhuo Limited (NASDAQ: QH), a Chinese gig economy platform, reported mixed financial results for H1 2025. The company generated total revenue of RMB1,131.4 million, with significant growth in its housekeeping and accommodation segment. The Chengtu homestay business saw revenue growth of 83.6% YoY with a 55.2% gross margin, while Lailai services increased revenue by 63.6% YoY.
The company is executing a dual-track strategy: optimizing on-demand delivery solutions amid intense competition and expanding housekeeping and accommodation solutions. Quhuo has also partnered with JD.com for delivery services and launched a beef supply chain partnership with NIU World, generating RMB14.4 million in revenue since May 2025.
Quhuo Limited (NASDAQ: QH), una piattaforma cinese dell'economia gig, ha riportato risultati finanziari misti per il primo semestre 2025. L'azienda ha generato ricavi totali di RMB1,131.4 milioni, con una crescita significativa nel segmento housekeeping e alloggio. L'attività di homestay a Chengdu ha registrato una crescita dei ricavi dell'83.6% su base annua con un margine lordo del 55.2%, mentre i servizi Lailai hanno aumentato i ricavi del 63.6% su base annua.
L'azienda sta perseguendo una strategia a doppio binario: ottimizzare le soluzioni di consegna on-demand in un contesto di intensa concorrenza ed espandere le soluzioni per housekeeping e alloggio. Quhuo ha inoltre stretto una partnership con JD.com per i servizi di consegna e avviato una partnership nella catena di fornitura di carne bovina con NIU World, generando RMB14.4 milioni di ricavi dall'inizio di maggio 2025.
Quhuo Limited (NASDAQ: QH), una plataforma china de economía gig, informó resultados financieros mixtos para el primer semestre de 2025. La empresa generó ingresos totales de RMB1,131.4 millones, con un crecimiento significativo en su segmento de limpieza y alojamiento. El negocio de homestays de Chengdu mostró un crecimiento de ingresos del 83.6% interanual con un margen bruto del 55.2%, mientras que los servicios Lailai aumentaron los ingresos en 63.6% interanual.
La empresa está aplicando una estrategia de doble vía: optimizar soluciones de entrega a demanda en un entorno de intensa competencia y ampliar soluciones de housekeeping y alojamiento. Quhuo también se ha asociado con JD.com para servicios de entrega y ha lanzado una asociación de cadena de suministro de carne con NIU World, generando RMB14.4 millones en ingresos desde mayo de 2025.
Quhuo Limited (NASDAQ: QH), 중국의 긱 이코노미 플랫폼은 2025년 상반기에 혼합된 재무 실적을 보고했다. 매출 총액은 RMB1,131.4백만으로, 가정청소 및 숙박 부문에서 상당한 성장을 보였다. 청두 하우스스테이 사업은 연간 매출이 83.6% 증가했고 총이익률은 55.2%를 기록했으며, Lailai 서비스는 연간 매출이 63.6% 증가했다.
회사는 수요형 배송 솔루션 최적화와 경쟁 심화 속에서의 운영과 가정 관리 및 숙박 솔루션 확장을 병행하는 이중 트랙 전략을 실행 중이다. Quhuo는 또한 JD.com과 배송 서비스 파트너십을 맺고 NIU World와 소고기 공급망 파트너십을 시작하여 2025년 5월부터 RMB14.4백만의 매출을 창출했다.
Quhuo Limited (NASDAQ: QH), une plateforme chinoise de l'économie à la demande, a publié des résultats financiers mitigés pour le premier semestre 2025. L'entreprise a généré un chiffre d'affaires total de RMB1 131,4 millions, avec une croissance significative dans le segment ménage et hébergement. L'activité homestay de Chengdu a enregistré une croissance du chiffre d'affaires de 83,6% en glissement annuel avec une marge brute de 55,2%, tandis que les services Lailai ont augmenté le chiffre d'affaires de 63,6% en glissement annuel.
L'entreprise met en œuvre une stratégie à double objectif : optimiser les solutions de livraison à la demande dans un contexte de concurrence féroce et étendre les solutions de ménage et d'hébergement. Quhuo a également noué un partenariat avec JD.com pour les services de livraison et a lancé un partenariat de chaîne d'approvisionnement en viande avec NIU World, générant RMB14,4 millions de chiffre d'affaires depuis mai 2025.
Quhuo Limited (NASDAQ: QH), eine chinesische Gig-Economy-Plattform, meldete gemischte Finanzergebnisse für das erste Halbjahr 2025. Das Unternehmen erwirtschaftete einen Gesamtumsatz von RMB1.131,4 Mio., mit signifikantem Wachstum im Segment Haushalt und Unterkunft. Das Chengdu-Homestay-Geschäft verzeichnete ein Umsatzwachstum von 83,6% yoy bei einer Bruttomarge von 55,2%, während die Lailai-Dienste den Umsatz um 63,6% yoy erhöhten.
Das Unternehmen verfolgt eine Doppel-Strategie: Optimierung der On-Demand-Lieferlösungen angesichts des intensiven Wettbewerbs und Ausbau von Haushalts- und Unterbringungslösungen. Quhuo hat außerdem eine Partnerschaft mit JD.com für Lieferdienste geschlossen und eine Partnerschaft in der Fleischversorgungskette mit NIU World gestartet, die seit Mai 2025 RMB14,4 Mio. Umsatz generiert.
Quhuo Limited (NASDAQ: QH)، منصة الاقتصاد الحر على مستوى الصين، أبلغت عن نتائج مالية مختلطة للنصف الأول من 2025. حققت الشركة إجمالي إيرادات قدرها 1,131.4 مليون يوان صيني (RMB)، مع نمو كبير في قطاع التنظيف المنزلي والإقامة. أعمال سلسلة الإقامة في تشنغدو حققت نموًا في الإيرادات بنسبة 83.6% سنويًا وهوامش ربح إجمالي قدرها 55.2%، بينما زادت خدمات Lailai الإيرادات بنسبة 63.6% سنويًا.
تتبنى الشركة استراتيجية ثنائية المسار: تحسين حلول التوصيل عند الطلب في ظل منافسة شديدة وتوسيع حلول التنظيف المنزلي والإقامة. كما عقدت Quhuo شراكة مع JD.com لخدمات التوصيل وأطلقت شراكة سلسلة توريد لحوم مع NIU World، محققة 14.4 مليون RMB من الإيرادات منذ مايو 2025.
Quhuo Limited (NASDAQ: QH)，一家中国的按需经济平台，公布了2025年上半年的混合财务业绩。公司实现总收入为人民币1,131.4百万元，其中家政与住宿板块增长显著。成都民宿业务实现了83.6%同比收入增长，毛利率为55.2%，而莱莱服务的收入同比增长了63.6%。
公司执行双轨战略：在激烈竞争中优化按需配送解决方案，并扩展家政与住宿解决方案。Quhuo还与京东达成了配送服务合作，并与 NIU World 启动了肉品供应链合作，自2025年5月起实现收入约人民币1470万？（此处按原文为准：RMB14.4 million）
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Insights
Quhuo shows mixed performance with struggles in food delivery but impressive growth in housekeeping services, signaling strategic transformation underway.
Quhuo's H1 2025 results paint a picture of a company in transition, generating
The bright spot in these results is the housekeeping and accommodation segment, which delivered
These results reveal Quhuo's strategic pivot from primarily food delivery toward higher-margin services. The new beef supply chain partnership with NIU World, which generated
The company's dual-track strategy makes strategic sense - optimizing their established delivery business while aggressively expanding into higher-margin housekeeping services. However, investors should note that this transition period may continue to pressure overall profitability in the near term. The transition from service provider to platform operator in the Chengtu business signals a potentially more scalable and profitable business model if executed successfully.
Despite a challenging market environment and intense industry competition, the Company continued to advance its dual-track strategy: on the one hand, optimizing on-demand delivery solutions to drive growth, and on the other, accelerating the expansion of housekeeping and accommodation solutions to further enhance profitability.
On-Demand Delivery Solutions: Optimizing Structure to Unlock Potential
Quhuo generated total revenue of
In response, Quhuo focused on workforce management and operational optimization, leveraging its strong track record and reputation to secure new business opportunities. While new site launches and integrations temporarily increased costs, the Company observed signs of market share gains relative to its key competitor since May 2025, which management believes will lay a foundation for sustainable growth.
Meanwhile, Quhuo streamlined its management structure and reallocated resources by exiting underperforming sites and concentrating on higher-revenue locations, thereby improving overall operational quality. Management expects that economies of scale and profitability in on-demand delivery solutions may begin to materialize in the second half of 2025.
Housekeeping and Accommodation Solutions: Significant Growth in Revenue and Profitability
In the first half of 2025, Quhuo's housekeeping and accommodation businesses delivered robust results, with revenue up
- Chengtu (Homestay Business): Revenue grew
83.6% year over year, while gross profit surged390.8% , achieving a gross margin of55.2% . Supported by a scalable operating model and the rollout of its proprietary mini program, Chengtu now provides a seamless, closed-loop service from property search to payment. Looking forward, Chengtu plans to open its platform to more property owners by providing standardized management tools and marketing support, transitioning from a property management service provider into a platform operator. - Lailai (Hotel and Home Services): Revenue increased
63.6% year over year, driven by its partnership with Ke Holdings Inc. ("Beike"), a leading housing transactions and services platform inChina . Lailai provides comprehensive property-related services, including pre- and post-listing maintenance, daily housekeeping, and customized solutions for specific resident groups. Leveraging years of expertise in local life services and its proprietary digital dispatch system, Lailai integrates cleaning, repair, and other services on a single platform, ensuring efficient management and high-quality delivery. Its services currently coverChengdu ,Beijing ,Shanghai ,Ningbo , andJinan , with plans to expand toShenzhen ,Guangzhou , and other cities. Management expects these initiatives to serve as new growth engines for Quhuo's sustainable development.
New Business Initiatives: Pursuing Stability While Expanding Opportunities
In the first half of 2025, Quhuo continued to optimize its on-demand delivery operations while expanding its housekeeping and accommodation businesses. Recently, the Company entered into a partnership with JD.com to provide on-demand delivery services in select cities, which management believes could generate incremental revenue in
In addition, the Company's beef supply chain partnership with NIU World has been progressing since its launch in May 2025, generating approximately
Outlook
Looking ahead, Quhuo will continue to execute its dual-track strategy—strengthening its core operations while accelerating the growth of new business initiatives. With a focus on efficiency, structural optimization, and innovation, the Company aims to deliver more sustainable and stable long-term returns for its shareholders.
About Quhuo Limited
Quhuo Limited (NASDAQ: QH) is a leading gig economy platform focusing on local life services in China. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering and linking workers and local life service providers and providing end-to-end operation solutions for the life service market. The Company currently provides multiple industry-tailored operational solutions, primarily including on-demand delivery solutions, mobility service solutions, housekeeping and accommodation solutions, and other services, meeting the living needs of hundreds of millions of families in the communities.
With the vision of promoting employment, stabilizing income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote employment of workers, provides, among others, safety and security and vocational training to protect workers, and helps workers plan their career development paths to realize their self-worth.
Safe Harbor Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding Quhuo's business development, financial outlook, beliefs and expectations. Forward-looking statements include statements containing words such as "expect," "anticipate," "believe," "project," "will," "may," "potential" and similar expressions intended to identify forward-looking statements. These forward-looking statements are based on Quhuo's current expectations and involve risks and uncertainties. Quhuo's actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks and uncertainties related to Quhuo's abilities to (1) manage its growth and expand its operations, (2) address any or all of the risks and challenges in the future in light of its limited operating history and evolving business portfolios, (3) establish in its competitive position in the on-demand food delivery market or further diversify its solution offerings and customer portfolio, (4) maintain relationships with major customers and to find replacement customers on commercially desirable terms or in a timely manner or at all, (5) maintain relationships with existing industry customers or attract new customers, (6) attract, retain and manage workers on its platform, and (7) maintain its market shares in relation to competitors in existing markets and its success in expansion into new markets. Other risks and uncertainties are included under the caption "Risk Factors" and elsewhere in the Company's filings with the Securities and Exchange Commission, including, without limitation, the Company's latest annual report on Form 20-F. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and Quhuo undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.
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SOURCE Quhuo Limited
