Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Exhibit 99.1
Quhuo Reports Financial Results for the Second
Half and Full Year 2025
BEIJING, China, April
2 2026 (PRNewswire) - Quhuo Limited (Nasdaq: QH) (“Quhuo,” the “Company,” “we” or “our”),
a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months
and full year ended December 31, 2025.
Financial and Operational
Highlights for the Second Half of 2025
| ● | Revenues
from housekeeping and accommodation solutions and other services were RMB45.7 million (US$6.5 million), representing a year-over-year
increase of 99.8% from RMB22.9 million. |
| ● | Gross
profit of vehicle export solutions was RMB12.6 million (US$1.8 million), representing a year-over-year increase of 327.9% from RMB2.9
million. |
| ● | Gross
profit of housekeeping and accommodation solutions and other services was RMB14.8 million (US$2.1 million), representing a year-over-year
increase of 38.2% from RMB10.7 million. |
| ● | Gross
profit margin of mobility solution services was 21.2%, compared with 4.6% in the second half of 2024. |
Financial and Operational
Highlights for Full Year 2025
| ● | Revenues
from housekeeping and accommodation solutions and other services were RMB76.0 million (US$10.9 million), representing a year-over-year
increase of 75.9% from RMB43.2 million. |
| ● | Gross
profit of vehicle export solutions was RMB15.5 million (US$2.2 million), representing a year-over-year increase of 187.4% from RMB5.4
million. |
| ● | Gross
profit of housekeeping and accommodation solutions and other services was RMB18.3 million (US$2.6 million), representing a year-over-year
increase of 16.6% from RMB15.7 million. |
| ● | Gross
profit margin of mobility solution services was 11.2%, compared with 2.9% in 2024. |
Mr. Leslie Yu, Quhuo’s
Chairman and Chief Executive Officer, said, “Throughout 2025, amid a continuously evolving operating environment, Quhuo remained
focused on optimizing its business structure and upgrading its capabilities. We made solid progress in cultivating emerging businesses,
adjusting our core operations, and advancing technology initiatives, laying the groundwork for higher-quality growth in the future.
Our housekeeping and
accommodation services became a new growth highlight. The continued development of Chengtu Homestay, LaiLai hotel services and our cooperation
projects with Beike further validated our platform-based and standardized capabilities in accommodation and housing-related service scenarios,
driving growth in both revenue and profitability.
Meanwhile, our cross-border
used vehicle export business continued to move toward a more mature stage of development. As early-stage channel development and onboarding
costs were gradually absorbed, the operating quality of this business improved steadily, with gross profit increasing significantly, further
demonstrating the Company’s international growth potential.
In our on-demand delivery
business, the Company experienced pressure from industry competition and market dynamics during the year. In response, we launched a major
business reorganization and management restructuring in October 2025. As these measures have been progressively implemented, expense ratios
have declined significantly, and we expect business efficiency and profitability to improve more visibly beginning in the second quarter
of 2026.
At the same time, we
have taken proactive measures to strengthen our management processes and internal control infrastructure as part of our broader effort
to enhance operating discipline. Since the fourth quarter of 2025, we have enhanced our internal audit capabilities, increased management
oversight, and improved monitoring procedures over key business and financial reporting processes. These efforts have already contributed
to better cost discipline, stronger operational transparency and improved execution, and we expect the benefits of these enhancements
to continue as they become further embedded across the organization.
Behind these developments
is the deeper integration of technology and operations. We are actively applying AI agents in homestay operations and used vehicle export
platform. In our homestay business, AI agents support dynamic pricing, price monitoring and listing management to improve operating efficiency.
In our used vehicle export business, AI agents are used for vehicle sourcing monitoring and matching, document recognition and processing,
vehicle inspection, inventory-demand matching, and procurement and refurbishment planning, thereby improving transaction efficiency and
operational effectiveness. Looking ahead, we will continue to enhance our operating quality and platform capabilities to create long-term
value for shareholders and society.”
Unaudited Financial Results of the Second Half
of 2025
Total revenues were RMB1,394.5
million (US$199.4 million), compared with total revenues of RMB1,426.9 million in the second half of 2024, representing a slight decrease
of 2.3%.
| ● | Revenues
from on-demand food delivery solutions were RMB1,290.3 million (US$184.5 million), compared with RMB1,329.4 million in the second half
of 2024, representing a slight decrease of 2.9%. The decrease was primarily because we optimized our business by disposing of several
underperforming service stations in 2024, which led to a decrease in revenue scale. Increased order volume driven by intensified market
competition primarily resulting from delivery platforms aggressively capturing market share, resulting in an increased total market size
in the second half of 2025 partially offset such decline. |
| ● | Revenues
from mobility service solutions, consisting of shared-bike maintenance, ride-hailing and vehicle export solutions, were RMB58.4 million
(US$8.4 million), compared with RMB74.7 million in the second half of 2024, representing a decrease of 21.7%. The decrease was primarily
due to the optimization of our business by ceasing our ride-hailing solutions services in several underperforming service cities. |
| ● | Revenues
from housekeeping and accommodation solutions and other services were RMB45.7 million (US$6.5 million), representing a sharp increase
of 99.8% from RMB22.9 million in the second half of 2024, primarily due to the adoption of online promotion channels in addition to traditional
platform-based customer acquisition. |
Cost of revenues was
RMB1,386.2 million (US$198.2 million), representing a year-over-year increase of 0.6%, primarily attributable to the increase in our labor
costs to fulfill higher order volume amid intensified market competition.
General and administrative
expenses were RMB111.5million (US$15.9 million), representing an increase of 43.3% from RMB77.8 million in the second half of 2024, primarily
attributable to (i) provision for credit loss of long-term receivable from a third party of RMB25.6 million (US$3.7 million), (ii) share-based
compensation expenses of RMB3.0 million (US$0.4 million), (iii)an increase of welfare and business development expenses and office expenses
of RMB2.4 million (US$0.3 million), resulting from the expansion into new cities for our housekeeping services.
Research and development
expenses were RMB3.5 million (US$0.5 million), representing a decrease of 38.7% from RMB5.8 million in the second half of 2024, primarily
due to the decrease in the average compensation level for our research and development personnel as we restructured our R&D team.
We recorded gain on
disposal of assets, net, of RMB68.2 million and loss on disposal of assets, net, of RMB1.3 million (US$0.2 million) in the second half
of 2024 and 2025, respectively, primarily due to the transfer of certain long-term assets to third parties.
Our interest expense
remained stable at RMB2.0 million (US$0.3 million) and RMB1.8 million for the second half of 2025 and 2024, respectively, primarily relating
to the stability in our average short-term bank borrowings.
We recorded other losses,
net, of RMB1.2 million (US$0.2 million) in the second half of 2025, compared to other income, net, of RMB0.4 million in the second half
of 2024.
Income tax benefit was
RMB13.9 million (US$2.0 million), as compared to income tax benefit of RMB15.7 million in the second half of 2024, primarily because we
reversed certain previously unrecognized tax benefits relating to prior years once the applicable statute of limitations expired.
Net loss attributable
to Quhuo Limited was RMB97.5 million (US$13.9 million), compared with net income attributable to Quhuo Limited of RMB48.1 million in the
second half of 2024.
Adjusted EBITDA loss
was RMB99.2 million (US$14.2 million), compared with adjusted EBITDA of RMB43.8 million in the second half of 2024. (1)
Adjusted net loss was
RMB94.5 million (US$13.5 million), compared to the adjusted net income of RMB48.1 million in the second half of 2024. (1)
Unaudited Financial Results of Full Year 2025
Total revenues were RMB2,525.9
million (US$361.2 million), a decrease of 17.1%, compared with total revenues of RMB3,046.9 million in 2024.
| ● | Revenues
from on-demand food delivery solutions were RMB2,334.2 million (US$333.8 million), compared with RMB2,828.5 million in 2024, representing
a decrease of 17.5%. The decrease was primarily because we optimized our business by disposing of several underperforming service stations
in 2024, which led to a decrease in revenue scale. |
| ● | Revenues
from mobility service solutions were RMB115.7 million (US$16.5 million), compared with RMB175.1 million in 2024, representing a decrease
of 34.0%. The decrease was primarily due to (i) a decrease in vehicle sales volume in our vehicle export solutions business as a result
of the introduction of a new business model and a decrease in vehicle purchases for sale, and (ii) the optimization of our business by
ceasing our ride-hailing solutions services from several underperforming service cities. |
| ● | Revenues
from housekeeping and accommodation solutions and other services were RMB76.0 million (US$10.9 million), an increase of 75.9%, compared
with RMB43.2 million in 2024, primarily due to the adoption of online promotion channels in addition to traditional platform-based customer
acquisition. |
Cost of revenues was
RMB2,513.5 million (US$359.4 million), representing a year-over-year decrease of 15.5%, generally in line with the decrease in our total
revenues.
General and administrative
expenses were RMB187.8 million (US$26.9 million) in 2025, representing an increase of 26.3% from RMB148.6 million in 2024, primarily attributable
to (i) provision for credit loss of long-term receivables from a third party of RMB25.6 million (US$3.7 million), (ii) an increase of
professional service fees from RMB37.2 million in 2024 to RMB44.0 million (US$6.3 million) in 2025, due to ADS issuance costs we incurred
in 2025 of RMB13.1 million (US$1.9 million), (iii) an increase of welfare and business development expenses and office expenses from RMB28.4
million in 2024 to RMB33.5 million (US$4.8 million) in 2025, resulting from the expansion into new cities for our housekeeping services,
and (iv) share-based compensation expenses of RMB3.0 million (US$0.4 million).
Research and development
expenses were RMB 7.1 million (US$1.0 million) in 2025, representing a decrease of 33.5% from RMB 10.7 million in 2024, primarily due
to the decrease in the average compensation level for our research and development personnel as we restructured our R&D team.
We recorded gain on disposal
of assets, net, of RMB75.2 million and RMB4.4 million (US$0.6 million) in 2024 and 2025, respectively, primarily due to the disposal of
certain underperforming service stations to third parties in 2024.
Our interest expense
remained stable at RMB4.2 million (US$0.6 million) and RMB4.1 million in 2025 and 2024, respectively, primarily relating to the stability
in our average short-term bank borrowings.
Income tax benefit was
RMB31.8 million (US$4.5 million) in 2025, as compared to RMB18.3 million in 2024, primarily because we reversed certain previously unrecognized
tax benefits relating to prior years once the applicable statute of limitations expired.
Net loss attributable
to Quhuo Limited was RMB150.5 million (US$21.5 million) in 2025, as compared to net income of RMB1.6 million in 2024.
Adjusted EBITDA loss
was RMB159.4 million (US$22.8 million) in 2025, as compared to adjusted EBITDA of RMB9.1 million in 2024.(1)
Adjusted net loss was
RMB147.5 million (US$21.1 million) in 2025, as compared to adjust net income of RMB1.6 million in 2024. (1)
| (1) | See “Use of Non-GAAP Financial Measures.” |
Balance Sheet
As of December 31, 2025,
the Company had cash, cash equivalents and restricted cash of RMB40.0 million (US$5.7 million) and short-term debt of RMB113.4 million
(US$16.2 million).
USE OF NON-GAAP FINANCIAL
MEASURES
Quhuo has provided in
this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the
United States (GAAP).
Quhuo uses adjusted net
income/loss and adjusted EBITDA, which are non-GAAP financial measures, in evaluating its operating results and for financial and operational
decision-making purposes. Adjusted net income/loss represents net income/loss before share-based compensation expenses. Adjusted EBITDA
represents adjusted net income/loss before income tax benefit/expense, amortization, depreciation and interest. Quhuo believes that these
non-GAAP financial measures help identify underlying trends in its business that could otherwise be distorted by the effect of share-based
compensation expenses, income tax benefits or expenses, amortization, depreciation and interest. Quhuo believes that such non-GAAP financial
measures also provide useful information about its operating results, enhance the overall understanding of its past performance and prospects
and allow for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.
The non-GAAP financial
measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. They should not be considered in isolation
or construed as alternatives to net income/loss or any other performance measures or as an indicator of Quhuo’s operating performance.
Further, these non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies. Other companies
may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. Quhuo
encourages investors and others to review the Company’s financial information in its entirety and not rely on a single financial
measure. Investors are encouraged to compare the historical non-GAAP financial measures with the most directly comparable GAAP measures.
Quhuo mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures,
all of which should be considered when evaluating its performance. For more information on this Non-GAAP financial measure, please see
the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP results” set forth below.
| | |
For the Six Months Ended | | |
For the Year Ended | |
| | |
December 31,
2024 | | |
December 31,
2025 | | |
December 31,
2025 | | |
December 31,
2024 | | |
December 31,
2025 | | |
December 31,
2025 | |
| | |
(RMB) | | |
(RMB) | | |
(US$) | | |
(RMB) | | |
(RMB) | | |
(US$) | |
| | |
(in thousands) | |
| Net income/(loss) | |
| 48,127 | | |
| (97,521 | ) | |
| (13,945 | ) | |
| 1,612 | | |
| (150,511 | ) | |
| (21,522 | ) |
| Add: Share-based Compensation | |
| - | | |
| 3,011 | | |
| 431 | | |
| - | | |
| 3,011 | | |
| 431 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Adjusted net income/(loss) | |
| 48,127 | | |
| (94,510 | ) | |
| (13,514 | ) | |
| 1,612 | | |
| (147,500 | ) | |
| (21,091 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Add: Income tax benefit | |
| (15,721 | ) | |
| (13,895 | ) | |
| (1,987 | ) | |
| (18,343 | ) | |
| (31,797 | ) | |
| (4,547 | ) |
| Depreciation | |
| 1,832 | | |
| 491 | | |
| 70 | | |
| 4,508 | | |
| 1,428 | | |
| 204 | |
| Amortization | |
| 7,807 | | |
| 6,683 | | |
| 956 | | |
| 17,192 | | |
| 14,277 | | |
| 2,042 | |
| Interest | |
| 1,804 | | |
| 2,022 | | |
| 289 | | |
| 4,105 | | |
| 4,196 | | |
| 600 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| EBITDA income/(loss) | |
| 43,849 | | |
| (99,209 | ) | |
| (14,186 | ) | |
| 9,074 | | |
| (159,396 | ) | |
| (22,792 | ) |
EXCHANGE RATE INFORMATION
This press release contains translations of certain
Renminbi amounts into U.S. dollars at a specified rate solely for readers’ convenience. Unless otherwise noted, all translations
from RMB to U.S. dollars are made at a rate of RMB6.9931 to US$1.00, the rate in effect as of December 31, 2025 as set forth in the H.10
statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollar amounts referred
could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.
ABOUT QUHUO LIMITED
Quhuo Limited is a leading gig economy platform
focusing on local life services in China. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering
and linking workers and local life service providers and providing end-to-end operation solutions for the life service market. The Company
currently provides multiple industry-tailored operational solutions, primarily including on-demand delivery solutions, mobility service
solutions, housekeeping and accommodation solutions, and other services, meeting the living needs of hundreds of millions of families
in the communities.
With the vision of promoting employment, stabilizing
income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote employment of workers, provides, among others, safety
and security and vocational training to protect workers, and helps workers plan their career development paths to realize their self-worth.
SAFE
HARBOR STATEMENT
This press release contains “forward-looking
statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange
Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or
current fact included in this press release are forward-looking statements, including but not limited to statements regarding Quhuo’s
business development, financial outlook, beliefs and expectations. Forward-looking statements include statements containing words such
as “expect,” “anticipate,” “believe,” “project,” “will” and similar expressions
intended to identify forward-looking statements. These forward-looking statements are based on Quhuo’s current expectations and
involve risks and uncertainties. Quhuo’s actual results and the timing of events could differ materially from those anticipated
in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks and uncertainties
related to Quhuo’s abilities to (1) manage its growth and expand its operations, (2) address any or all of the risks and challenges
in the future in light of its limited operating history and evolving business portfolios, (3) remain its competitive position in the on-demand
food delivery market or further diversify its solution offerings and customer portfolio, (4) maintain relationships with major customers
and to find replacement customers on commercially desirable terms or in a timely manner or at all, (5) maintain relationship with existing
industry customers or attract new customers, (6) attract, retain and manage workers on its platform, and (7) maintain its market shares
to competitors in existing markets and its success in expansion into new markets. Other risks and uncertainties are included under the
caption “Risk Factors” and elsewhere in the Company’s filings with the Securities and Exchange Commission, including,
without limitation, the Company’s latest annual report on Form 20-F. You are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified
in their entirety by this cautionary statement, and Quhuo undertakes no obligation to revise or update any forward-looking statements
to reflect events or circumstances after the date hereof.
For more information about Quhuo, please visit
https://ir.quhuo.cn/.
CONTACTS:
Investor Relations
Quhuo Limited
E-mail: ir@meishisong.cn
QUHUO LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts
in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”), except for number of shares and per share data)
| | |
As of
December 31,
2024 | | |
As of
December 31,
2025 | | |
As of
December 31,
2025 | |
| | |
(RMB) | | |
(RMB) | | |
(US$) | |
| Assets | |
| | |
| | |
| |
| Current assets | |
| | |
| | |
| |
| Cash | |
| 63,202 | | |
| 38,376 | | |
| 5,488 | |
| Restricted cash | |
| 1,916 | | |
| 1,633 | | |
| 234 | |
| Accounts receivable, net | |
| 295,713 | | |
| 266,332 | | |
| 38,085 | |
| Prepayments and other current assets | |
| 112,044 | | |
| 98,522 | | |
| 14,088 | |
| Total current assets | |
| 472,875 | | |
| 404,863 | | |
| 57,895 | |
| | |
| | | |
| | | |
| | |
| Property and equipment, net | |
| 8,847 | | |
| 2,356 | | |
| 337 | |
| Right-of-use assets, net | |
| 4,647 | | |
| 1,558 | | |
| 223 | |
| Intangible assets, net | |
| 57,985 | | |
| 44,629 | | |
| 6,382 | |
| Goodwill | |
| 65,481 | | |
| 65,481 | | |
| 9,364 | |
| Deferred tax assets | |
| 31,548 | | |
| 54,841 | | |
| 7,842 | |
| Other non-current assets | |
| 225,643 | | |
| 224,634 | | |
| 32,122 | |
| Total non-current assets | |
| 394,151 | | |
| 393,499 | | |
| 56,270 | |
| | |
| | | |
| | | |
| | |
| Total assets | |
| 867,026 | | |
| 798,362 | | |
| 114,165 | |
| | |
| | | |
| | | |
| | |
| liabilities, non-controlling interests and shareholders’ equity | |
| | | |
| | | |
| | |
| Current liabilities | |
| | | |
| | | |
| | |
| Accounts payables | |
| 145,777 | | |
| 161,635 | | |
| 23,113 | |
| Accrued expenses and other current liabilities | |
| 74,269 | | |
| 112,792 | | |
| 16,129 | |
| Short-term debt | |
| 112,848 | | |
| 113,447 | | |
| 16,223 | |
| Short-term lease liabilities | |
| 2,818 | | |
| 1,383 | | |
| 198 | |
| Amounts due to related parties | |
| 1,350 | | |
| 5,492 | | |
| 785 | |
| Total current liabilities | |
| 337,062 | | |
| 394,749 | | |
| 56,448 | |
| | |
| | | |
| | | |
| | |
| Long-term debt | |
| 4,706 | | |
| - | | |
| - | |
| Long-term lease liabilities | |
| 1,635 | | |
| 144 | | |
| 21 | |
| Deferred tax liabilities | |
| 599 | | |
| 256 | | |
| 37 | |
| Other non-current liabilities | |
| 62,408 | | |
| 53,609 | | |
| 7,666 | |
| Total non-current liabilities | |
| 69,348 | | |
| 54,009 | | |
| 7,724 | |
| | |
| | | |
| | | |
| | |
| Total liabilities | |
| 406,410 | | |
| 448,758 | | |
| 64,172 | |
QUHUO
LIMITED
UNAUDITED
CONDENSED CONSOLIDATED BALANCE SHEETS
| | |
As of
December 31,
2024 | | |
As of
December 31,
2025 | | |
As of
December 31,
2025 | |
| | |
(RMB) | | |
(RMB) | | |
(US$) | |
| | |
| | |
| | |
| |
| Shareholders’ equity | |
| | |
| | |
| |
| Ordinary shares | |
| 615 | | |
| 2,602 | | |
| 372 | |
| Additional paid-in capital | |
| 1,839,482 | | |
| 1,877,581 | | |
| 268,491 | |
| Accumulated deficit | |
| (1,373,825 | ) | |
| (1,523,289 | ) | |
| (217,827 | ) |
| Accumulated other comprehensive income | |
| (1,550 | ) | |
| (2,137 | ) | |
| (306 | ) |
| Total Quhuo Limited shareholders’ equity | |
| 464,722 | | |
| 354,757 | | |
| 50,730 | |
| Non-controlling interests | |
| (4,106 | ) | |
| (5,153 | ) | |
| (737 | ) |
| Total shareholders’ equity | |
| 460,616 | | |
| 349,604 | | |
| 49,993 | |
| | |
| | | |
| | | |
| | |
| Total liabilities and shareholders’ equity | |
| 867,026 | | |
| 798,362 | | |
| 114,165 | |
QUHUO
LIMITED
UNAUDITED CONDENSED CONSOLIDATED
STATEMENTS OF COMPREHENSIVE LOSS
(Amounts in thousands of Renminbi (“RMB”)
and U.S. dollars (“US$”), except for number of shares and per share data)
| | |
For the Six Months Ended | | |
For the Year Ended | |
| | |
December 31,
2024 | | |
December 31,
2025 | | |
December 31,
2025 | | |
December 31,
2024 | | |
December 31,
2025 | | |
December31,
2025 | |
| | |
(RMB) | | |
(RMB) | | |
(US$) | | |
(RMB) | | |
(RMB) | | |
(US$) | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Revenues | |
| 1,426,933 | | |
| 1,394,502 | | |
| 199,411 | | |
| 3,046,871 | | |
| 2,525,897 | | |
| 361,198 | |
| Cost of revenues | |
| (1,377,966 | ) | |
| (1,386,191 | ) | |
| (198,223 | ) | |
| (2,973,158 | ) | |
| (2,513,524 | ) | |
| (359,429 | ) |
| General and administrative | |
| (77,759 | ) | |
| (111,451 | ) | |
| (15,937 | ) | |
| (148,627 | ) | |
| (187,775 | ) | |
| (26,851 | ) |
| Research and development | |
| (5,751 | ) | |
| (3,525 | ) | |
| (504 | ) | |
| (10,690 | ) | |
| (7,114 | ) | |
| (1,017 | ) |
| Gain/(loss) on disposal of assets, net | |
| 68,198 | | |
| (1,303 | ) | |
| (186 | ) | |
| 75,220 | | |
| 4,441 | | |
| 635 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Operating income/(loss) | |
| 33,655 | | |
| (107,968 | ) | |
| (15,439 | ) | |
| (10,384 | ) | |
| (178,075 | ) | |
| (25,464 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Interest income | |
| 127 | | |
| (202 | ) | |
| (29 | ) | |
| 385 | | |
| 193 | | |
| 28 | |
| Interest expense | |
| (1,804 | ) | |
| (2,022 | ) | |
| (289 | ) | |
| (4,105 | ) | |
| (4,196 | ) | |
| (600 | ) |
| Other income/(loss), net | |
| 428 | | |
| (1,224 | ) | |
| (175 | ) | |
| (2,627 | ) | |
| (230 | ) | |
| (33 | ) |
| Income/(loss) before income tax | |
| 32,406 | | |
| (111,416 | ) | |
| (15,932 | ) | |
| (16,731 | ) | |
| (182,308 | ) | |
| (26,069 | ) |
| Income tax benefit | |
| 15,721 | | |
| 13,895 | | |
| 1,987 | | |
| 18,343 | | |
| 31,797 | | |
| 4,547 | |
| Net income/(loss) | |
| 48,127 | | |
| (97,521 | ) | |
| (13,945 | ) | |
| 1,612 | | |
| (150,511 | ) | |
| (21,522 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net loss attributable to non-controlling interests | |
| 7,113 | | |
| 1,158 | | |
| 166 | | |
| 1,093 | | |
| 1,047 | | |
| 150 | |
| Net income/(loss) attributable to ordinary shareholders of the Quhuo Limited | |
| 55,240 | | |
| (96,363 | ) | |
| (13,779 | ) | |
| 2,705 | | |
| (149,464 | ) | |
| (21,372 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Non-GAAP Financial Data | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Adjusted net income | |
| 48,127 | | |
| (94,510 | ) | |
| (13,514 | ) | |
| 1,612 | | |
| (147,500 | ) | |
| (21,091 | ) |
| Adjusted EBITDA | |
| 43,849 | | |
| (99,209 | ) | |
| (14,186 | ) | |
| 9,074 | | |
| (159,396 | ) | |
| (22,792 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Earnings/(Loss) per share for class A, class B and class C ordinary shares | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Basic | |
| 0.07 | | |
| (0.05 | ) | |
| (0.01 | ) | |
| 0.01 | | |
| (0.11 | ) | |
| (0.02 | ) |
| Diluted | |
| 0.07 | | |
| (0.05 | ) | |
| (0.01 | ) | |
| 0.01 | | |
| (0.11 | ) | |
| (0.02 | ) |
| Shares used in earnings/(loss) per share computation: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Basic | |
| 737,267,651 | | |
| 1,874,557,847 | | |
| 1,874,557,847 | | |
| 416,025,918 | | |
| 1,394,483,782 | | |
| 1,394,483,782 | |
| Diluted | |
| 737,267,651 | | |
| 1,874,557,847 | | |
| 1,874,557,847 | | |
| 416,025,918 | | |
| 1,394,483,782 | | |
| 1,394,483,782 | |
