Qudian Stock Price, News & Analysis

Qudian Inc. (NYSE: QD) reported its unaudited financial results for Q4 and FY 2022. Total revenues for Q4 were RMB160.1 million (US$23.2 million), a 57.8% decrease from last year, while FY 2022 revenues dropped 65.1% to RMB577.5 million (US$83.7 million). Qudian's net income for Q4 was RMB490.1 million (US$71.1 million), rebounding from a loss of RMB65.1 million in Q4 2021. However, the company faced substantial losses of RMB362.0 million (US$52.5 million) for FY 2022. Despite a strong cash position of RMB3,502.0 million (US$507.7 million), the winding down of the loan book business significantly impacted income. The company's share repurchase program totaled US$602.1 million as of the report date.

Qudian Inc. (NYSE: QD) announced its compliance with NYSE listing standards as of February 1, 2023, after receiving confirmation from the exchange. This follows a notification on September 22, 2022, regarding its non-compliance due to an average closing price of its American depositary shares falling below $1.00 for 30 consecutive trading days. The recent assessment indicated that the average closing price exceeded the minimum requirement of $1.00, demonstrating a recovery in Qudian's stock performance.

On September 22, 2022, Qudian Inc. (NYSE: QD) received a notification from the NYSE indicating it is below the continued listing standards due to its American depositary shares trading below $1.00 for 30 consecutive days. The company has a six-month period, the "Cure Period," to achieve compliance by maintaining a closing share price of at least $1.00. Failure to meet this requirement by the end of the Cure Period could lead to suspension and delisting. Qudian intends to monitor market conditions and explore options to rectify the situation, while its operations remain unaffected.

Qudian reported its Q2 2022 financial results, showcasing significant challenges. Total revenues plummeted 74.4% to RMB105.4 million, with a net loss attributable to shareholders of RMB61.3 million, a stark contrast to an income of RMB269.9 million in Q2 2021. The company ceased new credit offerings and plans to streamline its QD Food business, anticipating further revenue declines. Operating costs rose to RMB135.9 million, largely due to increased sales and marketing expenses. As of June 30, 2022, cash and cash equivalents stood at RMB3.1 billion.

Qudian Inc. (NYSE: QD), a consumer-oriented technology company based in China, announced it has regained compliance with NYSE listing standards as confirmed on August 1, 2022. This follows earlier notification on May 25, 2022, regarding non-compliance due to average closing prices of its American depositary shares falling below $1.00 for 30 consecutive trading days. With the recent confirmation, Qudian's average closing price exceeded the minimum requirement, allowing it to remain listed on the NYSE.

Qudian Inc. (NYSE: QD) provided an update on its QD Food ready-to-cook meal business, launched in March 2022. The initiative has established 15 facilities and serves over 200 cities in China. As of July 17, 2022, a livestreaming event led by CEO Min Luo drove sales of 9.56 million dishes, marking a significant milestone. The QD Food brand focuses on convenient, high-quality meals at competitive prices, appealing to working families. The company's growth strategy aims to enhance its market presence in the rapidly expanding livestreaming e-commerce sector.