Qudian Inc. ( (QD) ) has released its Q4 earnings. Here is a breakdown of the information Qudian Inc. presented to its investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Qudian Inc. is a consumer-oriented technology company based in China, primarily known for providing credit solutions and exploring innovative business opportunities leveraging its technological capabilities. In its latest earnings report, Qudian Inc. announced a significant increase in full-year revenues for 2024, reaching RMB216.4 million, a 71.3% rise from the previous year, driven largely by its last-mile delivery business. However, the company faced a net loss of RMB66.4 million in the fourth quarter, although this was an improvement from the previous year’s loss of RMB117.1 million. The company’s full-year net income for 2024 was RMB91.7 million, up from RMB39.1 million in 2023, indicating a positive turnaround in its annual financial performance. Despite facing intense competition in the last-mile delivery sector, which led to a decline in fourth-quarter revenues, Qudian managed to increase its annual net income significantly. The company remains committed to executing its business transition while maintaining prudent cash management strategies to safeguard its balance sheet. Looking forward, Qudian aims to navigate the competitive landscape and continue leveraging its technological strengths to explore new business opportunities.