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.
Qudian Inc., now High Templar Tech Limited, reports developments around its transition as a China-based technology issuer with ADSs formerly traded under QD. Company news has covered unaudited financial results, the wind-down of the Fast Horse last-mile delivery business, cash-management commentary, board changes, and the completed corporate name and ticker change to High Templar Tech Limited and HTT.
Recurring updates also address annual Form 20-F reporting, shareholder voting matters tied to extraordinary general meetings, and changes in the company’s operating focus as it explores technology-enabled business opportunities.
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.