Qudian Stock Price, News & Analysis

Qudian Inc. (NYSE: QD) has authorized a share repurchase program with a budget of US$200 million over the next 24 months, starting June 13, 2022. The program allows repurchase of American depositary shares and Class A ordinary shares through various market transactions. Funding will come from existing cash, and the company expects no negative impact on its business strategies. This initiative reflects confidence in the company’s financial health and aims to enhance shareholder value.

Qudian Inc. (NYSE: QD) reported its Q1 2022 financial results, revealing total revenues of RMB201.8 million (US$31.8 million), a 60.9% decrease from Q1 2021. The company posted a net loss of RMB142.8 million (US$22.5 million) compared to a profit of RMB478.4 million the previous year. Outstanding borrowers dropped by 3.5% to 2.6 million, and total loan balance decreased by 41.3% to RMB1.5 billion. Despite challenges in the cash credit business, Qudian launched its new ready-to-cook meals segment and maintained a stable D1 delinquency rate of around 5% as of May 2022.

Qudian Inc. (NYSE: QD) announced a notification to holders of its 1.00% Convertible Senior Notes due 2026, offering a Repurchase Right to repurchase notes for cash on July 1, 2022. Each holder can require Qudian to buy back notes in integral multiples of US$1,000 at a price equal to 100% of the principal plus accrued interest. As of May 31, 2022, US$47.5 million in notes remain outstanding. This option is available from June 2 until June 30, 2022.

This announcement is not an offer to purchase securities.

Qudian Inc. (NYSE: QD) received a notification from the New York Stock Exchange on May 25, 2022, indicating that it is below compliance with minimum share price standards, as its American depositary shares traded below $1.00 for 30 consecutive days.

The company has a six-month Cure Period to regain compliance. If not achieved, suspension and delisting procedures will begin. Despite this, Qudian's daily operations and SEC reporting will not be affected. The company aims to monitor market conditions to address this issue.

On May 5, 2022, Qudian Inc. (NYSE: QD) announced it has regained compliance with the NYSE's continued listing standards after confirming its average closing price exceeded $1.00 over 30 consecutive trading days. This follows a notification from the NYSE on February 7, 2022, about its non-compliance due to the share price falling below the required threshold. Qudian, a consumer-oriented technology company in China, is also expanding its offerings, including launching a ready-to-cook meal business in March 2022.

Qudian Inc. (NYSE: QD) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on April 29, 2022. The report is available on the company's investor relations website. Qudian focuses on enhancing online consumer finance in China, providing technology-driven personalized credit solutions to young, mobile-active consumers underserved by traditional financial institutions.

Qudian Inc. (NYSE: QD) has launched a new ready-to-cook meal business called QD Food, aimed at working-class families in China. Following a trial in March 2022, over 80,000 unique users have placed orders. Pricing for QD Food items ranges from RMB12.9 to RMB44.9 before discounts. While the company expects this initiative to generate significant revenue in 2022, it anticipates initial losses due to marketing expenses. Additionally, stringent credit standards in response to regulatory uncertainties have led to a decrease in its core loan business, predicting revenue declines in upcoming quarters.

Qudian Inc. (NYSE: QD) reported its financial results for Q4 and full year 2021, showing significant declines in revenues and net income. Q4 revenues fell 46.9% to RMB378.9 million, with a net loss of RMB65.1 million compared to a profit of RMB673.9 million in Q4 2020. For the full year, revenues dropped 55.2% to RMB1.65 billion, while net income decreased 38.6% to RMB589.1 million. The company attributed the downturn to reduced transactions and conservative lending strategies. Additionally, an emphasis on credit risk management and liquidity was highlighted as Qudian adjusts to market conditions.

Qudian Inc. (NYSE: QD), a prominent online consumer finance platform in China, announced plans to significantly downsize its WLM KIDS business due to the ongoing challenges of pandemic outbreaks and education regulations. Initially launched in January 2021, WLM KIDS aimed to provide enrichment services for children, expanding to six centers by February 2022. The Company may retain one center to support existing customers, prioritizing sustainable growth and shareholder value. This strategic decision reflects Qudian's commitment to adapting its business model in the face of market uncertainties.