Qudian Inc. ( (QD) ) has released its Q1 earnings. Here is a breakdown of the information Qudian Inc. presented to its investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Qudian Inc. is a consumer-oriented technology company based in China, primarily known for providing credit solutions and exploring innovative business opportunities leveraging its technology capabilities.
In its first-quarter 2025 earnings report, Qudian Inc. announced a significant turnaround in financial performance, reporting a net income of RMB150.1 million compared to a net loss in the same period last year, despite a notable decline in total revenues.
The company’s total revenues decreased to RMB25.8 million, largely due to heightened competition in its last-mile delivery business, which saw revenues fall to RMB23.8 million. However, Qudian’s net income was bolstered by a substantial increase in interest and investment income, which rose by 205.3% to RMB165.4 million, and a gain on derivative instruments amounting to RMB47.3 million.
Qudian is contemplating winding down its last-mile delivery business due to competitive pressures but remains committed to its business transition strategy and prudent cash management. The company also continues its share repurchase program, having purchased 21.8 million ADSs for approximately US$52.0 million since its inception.
Looking ahead, Qudian aims to maintain its focus on exploring new business opportunities and leveraging its technology to meet consumer demands, while ensuring financial stability through careful cash management.