Welcome to our dedicated page for Quhuo news (Ticker: QH), a resource for investors and traders seeking the latest updates and insights on Quhuo stock.
Quhuo Limited (NASDAQ: QH) is a leading Chinese gig economy platform powering on-demand delivery, mobility services, and tech-driven solutions for urban life. This page provides investors with centralized access to Quhuo's official announcements, strategic developments, and market-moving updates.
Track critical updates including quarterly earnings reports, partnership announcements, and operational expansions across Quhuo's core segments: on-demand delivery networks, SaaS+ innovations, and emerging vehicle export initiatives. Discover how the company leverages its Quhuo+ platform to address China's evolving service economy.
All content is sourced from verified corporate communications, ensuring reliable tracking of Quhuo's growth in mobile-first markets. Bookmark this page for real-time updates on operational milestones, leadership changes, and technology deployments shaping one of China's most dynamic gig economy players.
Quhuo Limited (NASDAQ: QH) was recognized by the Beijing Municipal Commission of Development and Reform for its contributions to job growth during the National Mass Entrepreneurship and Innovation Week, which began on September 15, 2022. The Company supports flexible staffing solutions, helping nearly 500,000 job seekers across China find suitable gigs. Quhuo’s platform utilizes big data to efficiently match workers with employers, contributing to the flexible labor market. Their goal aligns with national strategies to enhance employment and entrepreneurship.
Quhuo Limited (NASDAQ: QH) is advancing its international growth by promoting a partnership between its investee oTMS and DSV Indonesia, launching an international version of their Transportation Management System. This strategic investment aims to diversify services and enhance Quhuo's logistics capabilities, contributing to a 32.2% revenue increase in mobility services year-over-year in H1 2022. The company intends to partner with more international entities to expand into various sectors, including food delivery and ride-hailing, amid growing labor demand in these industries.
Quhuo Limited (NASDAQ: QH) reported a significant 89.6% year-over-year increase in gross profit for the first half of 2022, bringing the gross margin to 5.0% compared to 2.7% in the same period last year. The company successfully reduced the cost of revenue by 1.1% and decreased general and administrative expenses by 22.8%. The on-demand delivery segment generated RMB1,763.8 million in revenue, while mobility and housekeeping services increased by 32.2% and 24.7% respectively. Quhuo aims to enhance community-centered services amidst ongoing economic challenges.
Quhuo Limited (NASDAQ: QH) reported its unaudited financial results for the first half of 2022, showcasing a 1.4% increase in total revenues to RMB1,863.8 million (US$278.3 million). Mobility service revenues rose by 32.2%, while housekeeping and accommodation services grew by 24.7%. Gross profit soared by 89.6% to RMB93.9 million (US$14.0 million), with a gross margin improvement to 5.0%. Adjusted EBITDA turned positive at RMB10.8 million (US$1.6 million), a significant recovery from a loss of RMB49.4 million last year.
Quhuo Limited (NASDAQ: QH), a leading gig economy platform in China, will hold its 2022 annual general meeting on December 29, 2022, at 10:00 a.m. local time. The meeting will take place at Block A, Tonghui Building, Beijing. Proposals for ratification include the appointment of board directors, Mr. Gang Wang and Ms. Wenying Lyu, and Marcum Asia CPAs LLP as the independent accounting firm for fiscal year 2022. The record date for shareholders eligible to attend is set for November 14, 2022.
Quhuo Limited (NASDAQ: QH) announced it will release its unaudited financial results for the six months ending June 30, 2022, on November 15, 2022, before the U.S. market opens. A conference call will follow at 7:00 a.m. EST to discuss these results. Due to COVID-19, participants must preregister for the call. Quhuo is focused on community-centered services in China, leveraging its technology infrastructure, Quhuo+, to enhance local employment and service solutions.
Quhuo Limited (NASDAQ: QH) announced the appointment of Marcum Asia CPAs LLP as its independent accounting firm effective October 31, 2022. This decision follows the dismissal of Ernst & Young Hua Ming LLP. The company confirmed that there were no disagreements regarding accounting principles or reportable events during the audits for the years ending December 31, 2021, and 2020. Quhuo is working with both MarcumAsia and EY to ensure a smooth transition. The company thanked EY for their services over the years.
Quhuo Limited (NASDAQ: QH) announced the appointment of Ms. Wenying Lyu as a director on September 23, 2022. This change brings the total number of Board members to eight, including three independent directors. Ms. Lyu has a strong background in investment banking and currently leads strategic investments at Baidu. Quhuo's Chairman expressed confidence that her expertise will enhance the company's value and support its growth objectives.
Quhuo Limited (NASDAQ: QH) has become a popular choice for young workers in China seeking flexible job opportunities. The company offers tech-enabled workforce solutions, attracting individuals like Gao Shuaiqi, a graduate student who balances work, study, and family responsibilities. Gao earns approximately RMB5,000 (US$744) monthly through Quhuo's platform, which provides training and support. Quhuo's commitment to worker safety and well-being includes various initiatives, such as training workshops and summer kits for delivery riders, enhancing their working experience.
FAQ
What is the current stock price of Quhuo (QH)?
What is the market cap of Quhuo (QH)?
