Welcome to our dedicated page for Qudian news (Ticker: QD), a resource for investors and traders seeking the latest updates and insights on Qudian stock.
The Qudian Inc. (NYSE: QD) news page on Stock Titan aggregates company announcements and media releases for investors who want to understand the historical narrative behind this consumer-oriented technology company in China. Qudian’s news flow provides insight into its business transition from historical consumer credit solutions to experimentation with last-mile delivery services and other technology-enabled opportunities.
Recent news items highlight several key themes. Earnings releases for 2024 and 2025 detail how revenues, operating costs, and net income have been affected by the development and subsequent wind-down of Qudian’s last-mile delivery business under the "Fast Horse" brand, as well as by interest and investment income and gains or losses on derivative instruments. These reports also describe the company’s emphasis on prudent cash management, including disclosures about cash, restricted cash, short-term investments, and short-term borrowings.
Corporate governance and capital allocation updates are another important component of Qudian’s news. The company has announced a multi-year share repurchase program for its ADSs, periodic progress on that program, changes in its independent registered public accounting firm, and changes to its board of directors. In addition, Qudian has issued news about filing its annual report on Form 20-F with the SEC, which contains audited consolidated financial statements.
A notable strand in the news record is Qudian’s decision to change its English name to "High Templar Tech Limited" and its ticker symbol from QD to HTT, following board resolutions and shareholder approval at an extraordinary general meeting. For readers tracking the evolution of the QD ticker, this news page serves as a historical archive of Qudian’s financial results, strategic decisions, and corporate rebranding steps. Investors can use this context to better understand how the company has repositioned itself over time.
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.
Qudian Inc. (NYSE: QD) announced the completion of its optional repurchase of 1.00% Convertible Senior Notes due 2026, amounting to US$47.5 million. The repurchase was finalized before the June 30, 2022, deadline, with all outstanding Notes surrendered and paid in cash. As a result, Qudian has no remaining outstanding Notes. This strategic move may enhance shareholder value and reduce future interest obligations.
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.