Qudian Stock Price, News & Analysis

Qudian Inc. (NYSE: QD) reported its unaudited financial results for Q4 and full year 2020, highlighting a substantial revenue decline. Q4 revenues dropped 63.1% to RMB713.6 million (US$109.4 million), while full year revenue fell 58.3% to RMB3,688.0 million (US$565.2 million). However, net income surged 427.0% year-on-year in Q4 to RMB673.9 million (US$103.3 million). The total loan balance decreased by over 24% due to a conservative lending strategy, while the D1 delinquency rate improved to 11%. Despite challenges, the firm aims to explore growth areas in 2021.

Qudian Inc. (NYSE: QD), a leading tech platform in China's online consumer finance sector, will report its unaudited financial results for Q4 and the full year 2020 on March 29, 2021, before U.S. markets open. An earnings call is scheduled for the same day at 7:00 AM ET. Investors can register for the call online and access a live and archived webcast on the investor relations website. Qudian aims to provide accessible credit solutions to mobile-active young consumers in China, addressing the gap left by traditional financial institutions.

Qudian Inc. (NYSE: QD) reported its third-quarter 2020 results, showing a significant revenue decline of 67.2% to RMB849.4 million (US$125.1 million) year-over-year. Net income fell 43.2% to RMB592.3 million (US$87.2 million), or RMB2.22 (US$0.33) per diluted ADS. The total number of registered users increased by 3.8% to 81.3 million, but outstanding borrowers decreased by 18.2% to 4.1 million. The company aims to maintain a prudent approach to credit, with improved delinquency metrics. Cash and cash equivalents stood at RMB1,489.1 million (US$219.3 million) as of September 30.

Qudian Inc. (NYSE: QD) reported its third quarter 2020 financial results, showing total revenues of RMB849.4 million (US$125.1 million), a 67.2% decline year-on-year. The company’s net income also fell 43.2% to RMB592.3 million (US$87.2 million), with earnings per diluted ADS at RMB2.22 (US$0.33). Key operational metrics included a 3.8% increase in registered users to 81.3 million, but a significant 18.2% drop in outstanding borrowers to 4.1 million. The loan balance decreased across all sectors, indicating a conservative operational strategy amid changing regulations.

Qudian Inc. (NYSE: QD) will report its unaudited financial results for Q3 2020 on December 14, 2020, before U.S. markets open. The earnings conference call is scheduled for 7:00 AM ET on the same day. Investors can register online to participate, and a live and archived webcast will be available on the company's investor relations website. Qudian aims to enhance online consumer finance in China, focusing on providing personalized credit to young, mobile-active consumers underserved by traditional institutions.

Qudian Inc. (NYSE: QD) will hold its 2020 annual general meeting (AGM) on December 30, 2020, at 11:00 AM Beijing time, in Xiamen, Fujian Province, China. The AGM will not include shareholder proposals but will serve as a forum for discussions between shareholders and management. The record date for shareholders entitled to attend is December 6, 2020. Shareholders can access the meeting notice and the company’s annual report on Form 20-F for the fiscal year ending December 31, 2019, on Qudian's website.

On September 23, 2020, Qudian Inc. (NYSE: QD) announced the resignation of Mr. Rocky Ta-Chen Lee from its board of directors for personal reasons. His resignation took effect immediately. Qudian expressed gratitude for Mr. Lee's contributions during his tenure. As a leading technology platform in China, Qudian aims to enhance the online consumer finance experience by providing personalized credit solutions to underserved mobile-active consumers, enabling them to access affordable loans through regulated financial institutions.

Qudian Inc. reported its unaudited financial results for Q2 2020, revealing total revenues of RMB1,167.0 million, down 47.4% year-over-year. Net income fell 84.3% to RMB179.2 million, translating to RMB0.68 per diluted ADS. The company recorded a 12.5% decrease in outstanding borrowers, totaling 5.0 million, and a significant drop in loan balances. Despite a strategic investment in Secoo, operational challenges persist due to tightened credit assessments. Qudian's cautious approach aims to mitigate credit risks amid a challenging market environment.

Qudian Inc. (NYSE: QD) will announce its unaudited financial results for Q2 2020 on September 7, 2020. The earnings conference call is scheduled for 7:00 AM ET, with registration required at least 15 minutes prior. This call will provide insights into Qudian’s financial performance and future outlook, targeting the enhancement of online consumer finance in China. The company aims to offer accessible credit to underserved consumers in China.