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Qudian Inc. (QD) maintains its position in China's fintech sector through innovative credit solutions and expanding logistics operations. This news hub provides investors with essential updates on corporate developments, financial disclosures, and strategic initiatives.
Access real-time announcements including quarterly earnings, partnership agreements, and technological advancements. Our curated collection features regulatory filings, market expansion updates, and operational milestones across Qudian's consumer credit and last-mile delivery services.
Key coverage areas include credit product innovations, logistics network developments, and financial performance metrics. Track material events through verified press releases and objective reporting from trusted financial sources.
Bookmark this page for streamlined monitoring of Qudian's progress in bridging consumer finance with e-commerce logistics. Check regularly for updates impacting market positioning and operational strategy in China's competitive fintech landscape.
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.
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.
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.
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.
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