STOCK TITAN

Qudian Inc. American Depositary Shares, each representing one - QD STOCK NEWS

Welcome to our dedicated page for Qudian American Depositary Shares, each representing one news (Ticker: QD), a resource for investors and traders seeking the latest updates and insights on Qudian American Depositary Shares, each representing one stock.

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.

News
Rhea-AI Summary

Qudian Inc. (NYSE: QD), a consumer-oriented technology company, has announced a change in its independent auditor. The company has appointed BDO China Shu Lun Pan Certified Public Accountants LLP as its new auditor, effective September 6, 2024. This decision replaces Ernst & Young Hua Ming LLP (EY) and was approved by Qudian's Audit Committee and Board of Directors.

The change was not due to any disagreements with EY, and EY's previous audit reports for 2022 and 2023 were unqualified. Qudian affirmed that there were no reportable events or disagreements with EY during the audited periods. The company also confirmed that it had not consulted with BDO on any accounting or auditing matters prior to their engagement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
Tags
none
-
Rhea-AI Summary

Qudian Inc. (NYSE: QD) reported its Q2 2024 unaudited financial results, showing significant improvements. Total revenues increased to RMB53.3 million (US$7.3 million), up from RMB11.1 million in Q2 2023. The company achieved a net income of RMB99.8 million (US$13.7 million), compared to a net loss of RMB76.9 million in the same period last year. Earnings per diluted ADS reached RMB0.53 (US$0.07).

Qudian's last-mile delivery business, launched under the brand name 'Fast Horse', has shown steady progress, generating RMB46.2 million in revenue in Q2 2024, a substantial increase from RMB4.3 million in Q2 2023. The service is now available in Australia and New Zealand.

The company continues its share repurchase program, having bought back 68.6 million ADSs for about US$121 million since June 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
Tags
-
Rhea-AI Summary

Qudian Inc. (NYSE: QD) reported its first-quarter 2024 unaudited financial results. The company achieved total revenues of RMB55.8 million (US$7.7 million), a significant increase from RMB21.9 million in Q1 2023.

However, Qudian experienced a net loss attributable to shareholders of RMB73.6 million (US$10.2 million), compared to a net income of RMB414.3 million in the same period last year. The net loss per diluted ADS was RMB0.38 (US$0.05).

Operating costs rose to RMB128.4 million (US$17.8 million), primarily due to increased costs in last-mile delivery and higher general and administrative expenses due to staff expansion. The company's cash and cash equivalents stand at RMB7,040.0 million (US$975.0 million).

Qudian continues to expand its last-mile delivery business, generating RMB53.8 million in revenue, up from RMB0.3 million in Q1 2023. The company has also announced a new US$300 million share repurchase program, set to begin in June 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.15%
Tags
Rhea-AI Summary

Qudian Inc., a consumer-oriented technology company, announced changes to its Board of Directors, with Mr. David Cui replacing Mr. Shengwen Rong. Mr. Cui brings extensive financial and public accounting experience to the company, having served in various CFO roles and as a director of leading companies. The appointment aims to strengthen the Board's expertise and governance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.44%
Tags
management
-
Rhea-AI Summary

Qudian Inc. filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission. The report can be accessed on the company's investor relations website. Shareholders and ADS holders can request a hard copy of the report free of charge. Qudian is a consumer-oriented technology company listed on NYSE under the ticker symbol QD.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
Tags
none
-
Rhea-AI Summary
Qudian Inc. announces unaudited financial results for Q4 2023 and full year 2023, with total revenues of RMB63.8 million for Q4 and RMB126.3 million for the full year. The company reported a net loss of RMB117.1 million for Q4 and net income of RMB39.1 million for the full year. Non-GAAP net loss was RMB116.6 million for Q4 and non-GAAP net income was RMB44.1 million for the full year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
Rhea-AI Summary
Qudian Inc. announces a $300 million share repurchase program to buy back its outstanding American depositary shares and Class A ordinary shares over the next 36 months, starting from June 13, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
buyback
-
Rhea-AI Summary
Qudian Inc. (NYSE: QD) announced its unaudited financial results for the quarter ended September 30, 2023. Total revenues were RMB29.6 million (US$4.1 million), compared to RMB 110.2 million for the same period of last year. Net loss attributable to Qudian's shareholders was RMB181.2 million (US$24.8 million), compared to net loss of RMB648.0 million for the same period of last year. Non-GAAP net loss attributable to Qudian's shareholders was RMB179.8 million (US$24.6 million), compared to net loss of RMB643.9 million for the same period of last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
Tags
-
Rhea-AI Summary
Qudian Inc. reports unaudited financial results for Q2 2023. Total revenues decrease by 89.5% to RMB11.1 million. Net loss attributable to shareholders is RMB76.9 million. Last-mile delivery business shows progress in Australia. Share repurchase program purchases 36.0 million ADSs worth US$50.8 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.3%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.28%
Tags
none

FAQ

What is the current stock price of Qudian American Depositary Shares, each representing one (QD)?

The current stock price of Qudian American Depositary Shares, each representing one (QD) is $2.375 as of November 8, 2024.

What is the market cap of Qudian American Depositary Shares, each representing one (QD)?

The market cap of Qudian American Depositary Shares, each representing one (QD) is approximately 452.7M.

What is Qudian Inc.?

Qudian Inc. is a consumer-oriented technology company that operates online platforms offering small consumer credit products in China.

What new business venture has Qudian recently undertaken?

In December 2022, Qudian launched a last-mile logistics business named 'Fast Horse,' which has gained shape and scale in Australia and will expand to North America and New Zealand.

How is Qudian performing financially?

For the third quarter of 2023, Qudian reported total revenues of RMB29.6 million (US$4.1 million) and maintains a healthy balance sheet with cash and cash equivalents of RMB7,226.4 million (US$990.5 million).

What are Qudian's future plans?

Qudian plans to explore new online and offline retail opportunities, including a 'Buy Now, Pay Later' solution, while continuing to grow its last-mile delivery services.

How is Qudian supporting its stock value?

Qudian has an ongoing share repurchase program and recently authorized a new program to repurchase up to US$300 million worth of shares, demonstrating confidence in its intrinsic value.

What happened to Qudian's loan book and QD Food businesses?

Qudian has wound down both its loan book and QD Food businesses to focus on its last-mile logistics and other new ventures.

How does Qudian plan to leverage its technology?

Qudian utilizes its technological capabilities to enhance the efficiency and marketing reach of financial institutions, connecting them with diversified financial products and scene traffic.

Where is Qudian headquartered?

Qudian is headquartered in Xiamen, China.

What are Non-GAAP financial measures Qudian uses?

Qudian uses Non-GAAP net income/loss attributable to shareholders to exclude share-based compensation expenses and non-recurring items for better assessment of underlying trends.

Where can I find Qudian's financial reports?

Qudian's financial reports, including its annual report on Form 20-F, are available on the company's investor relations website at http://ir.qudian.com.

Qudian Inc. American Depositary Shares, each representing one

NYSE:QD

QD Rankings

QD Stock Data

452.68M
125.91M
12.32%
15.02%
0.27%
Credit Services
Financial Services
Link
United States of America
Xiamen