Welcome to our dedicated page for Quhuo SEC filings (Ticker: QH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Quhuo Limited's SEC filings document foreign-private-issuer reports for a Cayman Islands company with American depositary shares and ordinary share classes. Form 6-K reports include unaudited financial results for local life services, on-demand delivery, mobility, housekeeping and accommodation, and vehicle export solutions.
The filings also cover material-event disclosures, ADS ratio changes, ADR program matters, shareholder meeting notices, proxy and ADS voting materials, voting results, share-consolidation proposals, and capital-structure details for Class A, Class B and Class C ordinary shares. Listing-status reports and incorporation by reference into Form F-3 registration statements appear in the company's current-report record.
Quhuo Limited has called an extraordinary general meeting on July 6, 2026 to overhaul its share capital structure around the planned termination of its ADR program and direct listing of Class A ordinary shares on Nasdaq. Shareholders are asked first to revoke four capital-related resolutions approved on March 11, 2026 so they can be replaced with updated proposals that reflect a post‑redesignation capital structure.
The new proposals include a 32,000‑to‑1 share consolidation across all share classes, an increase in authorized share capital to 1.2 billion shares at a par value of US$3.20, a subsequent capital reduction to a total par value of US$120,000 with shares at US$0.0001 par, and authorization for additional share consolidations of up to 1,000‑to‑1 within five years at the Board’s discretion. The Board unanimously recommends voting in favor of each proposal.
Quhuo Limited reports that a Nasdaq Hearings Panel has conditionally allowed its shares to remain listed, provided the company meets several conditions in the Panel Decision.
As part of those conditions, Quhuo publicly commits that it does not intend to conduct any external financing activities for one year, through May 13, 2027. The company cautions there is no assurance it will satisfy all Panel conditions or maintain compliance with Nasdaq listing rules during the Discretionary Panel Monitor Period.
Quhuo Limited outlines its status with Nasdaq after a prior trading suspension of its American Depositary Shares (“ADSs”). Trading was suspended after the ADSs closed at or below $0.10 for ten consecutive trading days. The company implemented a 1-for-30 reverse stock split on its ADSs on April 27, 2026. As of May 13, 2026, after the split, the ADS closing bid price exceeded $1.00 for 13 straight trading days, bringing Quhuo back into compliance with Nasdaq’s bid price rule.
A Nasdaq Hearings Panel granted Quhuo’s request for continued listing, subject to conditions, including an application to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market, which was filed on May 22, 2026. Trading in the ADSs may resume after the company satisfies the panel’s conditions and submits a reinstatement form. Quhuo will be under a one-year discretionary panel monitor until May 13, 2027; any failure to meet Nasdaq listing standards during this period would trigger immediate delisting proceedings without any further cure period.
Quhuo Limited is changing the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares from one ADS for 900 shares to one ADS for 27,000 shares. The company views this as having the same effect as a one-for-30 reverse ADS split, consolidating ADSs but not changing any holder’s proportional equity interest.
The change is anticipated to take effect on April 27, 2026 (U.S. Eastern Time). Each ADS holder of record on the effective date will surrender every 30 existing ADSs in exchange for one new ADS. No fractional ADSs will be issued; any aggregate fractional entitlements will be sold and the net cash proceeds distributed to entitled holders after fees, taxes, and expenses. Quhuo’s ADSs will continue to trade on the OTC Market under the symbol QHUOY with a new CUSIP number 74841Q407. The company states that the ADS trading price is expected to increase proportionally, though there is no assurance it will reach exactly 30 times the prior level.
Registration to resell up to 35,000,000 ADSs (each ADS = 900 Class A ordinary shares) representing 31,500,000,000 Class A ordinary shares is being registered on Form F-3 for resale by the identified Selling Shareholders.
The prospectus states the ADSs were issued under a Securities Purchase Agreement and were acquired in reliance on Regulation S; the Selling Shareholders will receive all net proceeds from resales and the company will not receive proceeds. The ADSs trade on the OTC under "QHUOY" after Nasdaq suspended trading and issued a delisting determination; an appeal has been requested. The document discloses VIE structure, cash‑flow mechanics between Cayman, Hong Kong and PRC entities, recent purchase agreements including an April 10, 2026 financing and a separate acquisition agreement with escrowed, performance‑based consideration, and historical revenues and net income/(loss) for 2023–2025.
Quhuo Limited entered into a definitive securities purchase agreement with certain purchasers to sell 31,500,000,000 Class A ordinary shares at US$0.0001 per share, for gross proceeds of about US$3.15 million before fees and expenses.
The company plans to file a Form F-3 registration statement to register the resale of American depositary shares, with each ADS representing 900 Class A ordinary shares. Closing is subject to customary conditions, and Quhuo intends to use the net proceeds for general corporate purposes.
Quhuo Limited entered a definitive share purchase and earn-out agreement to acquire Autolinker Limited, a Hong Kong company focused on automobile trading and related business integration. The deal is structured as an all-share transaction through Quhuo’s BVI subsidiary.
As consideration, Quhuo agreed to issue up to 22.5 billion newly issued Class A ordinary shares to the seller, to be held in escrow and released over five years based on audited revenue and profit performance targets. Any shares tied to unmet targets will be cancelled, while overperformance above 50% can offset prior shortfalls.
Quhuo Limited, a Cayman holding company for China-based operations run mainly through a variable interest entity, filed its annual 20‑F for 2025. Revenue was RMB2,525.9 million, but the company swung to a net loss of RMB150.5 million after two profitable years. Three major platform customers contributed 87% of 2025 revenue, underscoring high concentration risk. The filing details Quhuo’s VIE and PRC/Hong Kong licensing structure, cash‑flow constraints on moving funds offshore, and the ADS ratio change to one ADS for 900 Class A shares. It also addresses HFCAA and PCAOB inspection status, noting the current auditor is subject to PCAOB oversight.
Quhuo Limited reported weaker results for the second half and full year 2025, swinging from profit to loss. For the second half, revenue was RMB1,394.5 million (US$199.4 million), down 2.3% year over year, while net loss attributable to Quhuo reached RMB97.5 million (US$13.9 million) versus net income of RMB48.1 million a year earlier. Adjusted EBITDA moved from a profit of RMB43.8 million to a loss of RMB99.2 million.
For full year 2025, revenue declined 17.1% to RMB2,525.9 million (US$361.2 million). The company posted a net loss attributable to Quhuo of RMB150.5 million (US$21.5 million), compared with net income of RMB1.6 million in 2024, and adjusted EBITDA deteriorated from RMB9.1 million to a loss of RMB159.4 million (US$22.8 million). Management cited competitive pressure in on-demand delivery, higher general and administrative costs, and provisions for credit losses, while highlighting growth in housekeeping and accommodation services, improving profitability in cross-border used vehicle exports, and increased use of AI to enhance efficiency. As of December 31, 2025, Quhuo held cash, cash equivalents and restricted cash of RMB40.0 million (US$5.7 million) against short-term debt of RMB113.4 million (US$16.2 million).
Quhuo Limited has received a Nasdaq Staff Delisting Determination after the closing bid price of its American depositary shares stayed at $0.10 or below for 10 consecutive trading days through March 25, 2026. Nasdaq plans to suspend trading of the ADSs at the opening of business on April 6, 2026.
The company currently intends to appeal the delisting decision to the Nasdaq Hearings Panel and must submit its hearing request by 4:00 p.m. Eastern Time on April 6, 2026. A timely appeal will not prevent the trading suspension, and there is no assurance the appeal or any further review will succeed.