Overview

* Qudian Q2 2025 revenue drops 93.5% yr/yr due to last-mile delivery wind down

* Net income for Q2 2025 rises sharply, driven by higher investment income

Outlook

* Company winding down last-mile delivery due to increased competition

* Company expects prudent cash management to safeguard balance sheet

* Qudian ( QD ) plans to focus on business transition for sustainable growth

Result Drivers

* LAST-MILE DELIVERY WIND DOWN - Revenue fell 93.5% due to winding down of last-mile delivery business amid increased competition

* INVESTMENT INCOME - Net income surged due to a 392.3% increase in interest and investment income

* HEADQUARTERS EXPENSES - General and administrative expenses rose 39.6% due to increased depreciation and property tax expenses following headquarters construction

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 RMB 3.49

Revenue mln

($0.5

mln)

Q2 Net RMB

Income 311.76

mln

Q2 -RMB

Income 113.87

from mln

Operatio

ns

Q2 RMB

Pretax 345.28

Profit mln

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)