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An announcement from Qudian ( (QD) ) is now available.
Qudian Inc. reported its unaudited financial results for the fourth quarter and full year of 2024, highlighting a significant increase in annual revenues by 71.3% to RMB216.4 million, driven by its last-mile delivery business. Despite the revenue growth, the company faced intense competition in the last quarter, resulting in a decline in quarterly revenues and a net loss of RMB66.4 million. The company remains committed to its business transition and prudent cash management, with a share repurchase program ongoing since June 2024.
More about Qudian
Qudian Inc. is a consumer-oriented technology company based in China, focusing on providing innovative logistic services and solutions, particularly in the last-mile delivery sector. The company has expanded its delivery services under the brand ‘Fast Horse’ in regions such as Australia and New Zealand, aiming to meet the growing demand for efficient cross-border e-commerce transactions.
YTD Price Performance: 5.36%
Average Trading Volume: 376,258
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $569.7M
See more insights into QD stock on TipRanks’ Stock Analysis page.