Qudian reports Q1 EPS RMB 0.87 vs. (RMB 0.38) last year

Reports Q1 revenue RMB 25.79M vs. RMB 55.85M last year. The company said, “The Company’s last-mile delivery business continued to face intense competition in the first quarter of 2025, resulting in a substantial decline in revenue to approximately RMB 23.8 million in the first quarter of 2025, compared to RMB 53.8 million for the same period of last year. After assessing current market conditions, the Company is contemplating winding down its last-mile delivery business. Moving forward, the Company expects to remain steadfast in its commitment to executing its business transition and simultaneously maintaining prudent cash management to safeguard its balance sheet.”