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) reported strong financial results for Q2 2021, with total revenues of RMB991.8 million (US$153.6 million), an 81.1% increase year-over-year. Key revenue drivers included an increase of 74.1% in on-demand delivery solutions and 336.9% in mobility service solutions. Adjusted EBITDA improved significantly to RMB29.1 million (US$4.5 million), up from a loss in Q1 2021. Despite revenue growth, net loss attributable to shareholders was RMB31.0 million (US$4.8 million). Looking ahead, Q3 2021 revenues are projected between RMB1,100 million to RMB1,200 million, reflecting strong growth prospects.
Quhuo Limited (NASDAQ: QH) will release its unaudited financial results for Q2 2021 on August 25, 2021, before U.S. markets open. A conference call is scheduled for the same day at 8:00 a.m. ET to discuss the results. Due to COVID-19, participants must preregister online to receive call details. Quhuo is a tech-enabled platform providing workforce operational solutions, primarily for e-commerce-related sectors, including on-demand delivery and ride-hailing. More details are available on the company's investor relations website.
Quhuo Limited (NASDAQ: QH) announced a strategic partnership with Gemeite Technology to enhance flexible employment and manpower deployment in property management. This agreement marks Quhuo's transition from B2B to B2F, aiming to establish a community service brand and a 'services supermarket' for property owners. The collaboration is expected to benefit over 10 million households and improve service efficiency amidst rising demand. Quhuo leverages a network of over 60,000 workers, facilitating 1.3 million daily service orders across 122 cities in China.
Quhuo Limited (NASDAQ: QH) announced partnerships with Shougang Real Estate and Hakone Group to enhance operations at the Beijing-Tianjin-New-City development, a luxury project near Beijing. The partnerships, launched on July 10, 2021, come as China's domestic tourism market recovers, creating demand for room rentals despite a short supply. Quhuo will leverage its innovative service models to support homestay owners and optimize their rental operations, potentially lowering investment risks while improving profitability for stakeholders.
Quhuo Limited (NASDAQ: QH) has enhanced its Quchengdan property management system (PMS) to improve services for guesthouse and bed & breakfast clients. The upgraded PMS features advanced statistical analysis tools, facilitating smarter decision-making for housekeeping operations. With automatic sales categorization and data visualization, managers can optimize operations and reduce costs by up to 90%. The Chinese short-term online rental market is projected to grow significantly, anticipated to reach CNY 44 billion in transactions for 2021. Quhuo aims to support homestay owners with a comprehensive one-stop solution.
On July 2, 2021, Quhuo Limited (NASDAQ: QH) presented its insights on flexible employment at the 2021 Flexible Employment Entrepreneurship Camp in Beijing. CEO Leslie Yu highlighted the challenges of standardizing service quality in the gig economy. Quhuo offers localized professional services that improve quality consistency and reduce operational costs by 40% in sectors like food delivery. The company aims to enhance resource matching across diverse work scenarios, boosting efficiency and capturing growth opportunities in various industries including ride-hailing and housekeeping.
Quhuo Limited (NASDAQ: QH) reported strong financial results for Q1 2021, with total revenues reaching RMB846.5 million (US$129.2 million), a 115.6% increase year-over-year. Key growth sectors include on-demand food delivery solutions, which rose by 109.5%, and mobility services, which surged 455.7%. General and administrative expenses fell as a percentage of revenue to 4.5%. However, the company faced an operating loss of RMB70.8 million (US$10.8 million) and a net loss of RMB80.5 million (US$12.3 million). Quhuo aims to expand its service offerings and strengthen its position in China's gig economy.
Quhuo Limited (NASDAQ: QH) will release its unaudited financial results for Q1 2021 on June 25, 2021, before U.S. markets open. A conference call is scheduled for the same day at 8:00 a.m. Eastern Time to discuss these results. Participants must preregister online due to COVID-19 restrictions. The company provides tech-enabled workforce operational solutions primarily for the on-demand consumer service sector in China, serving industries such as food delivery and ride-hailing.
Quhuo Limited (NASDAQ: QH) announced the resignation of Mr. Shuyi Yang from his role as vice president and board member, effective March 15 and June 1, 2021, respectively. His departure was not due to any disagreement regarding the company's operations or financial aspects. Ms. Wenting Ji, the current CFO, has been appointed to the board, effective June 1. Chairman Leslie Yu thanked Mr. Yang for his contributions and wished him success in future endeavors.
Quhuo Limited (NASDAQ: QH) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2020. The report is available on its investor relations website and the SEC's site. The company offers tech-enabled workforce operational solutions, primarily in food delivery, ride-hailing, and other e-commerce sectors. Quhuo plays a crucial role in linking service businesses with consumers, enhancing operational efficiency through skilled workforce mobilization. Shareholders can request a hard copy of the report containing audited financial statements at no charge.
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