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Qudian (QD) investor relations material

Qudian Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary13 Aug, 2025

Executive summary

  • Total revenues fell sharply to RMB3.5 million, down from RMB53.3 million year-over-year, mainly due to the wind-down of the last-mile delivery business.

  • Net income attributable to shareholders rose to RMB311.8 million from RMB99.8 million year-over-year, driven by higher investment income.

  • The company is exiting its last-mile delivery business to focus on sustainable growth and prudent cash management.

Financial highlights

  • Sales income and others decreased by 93.5% year-over-year to RMB3.5 million.

  • Net income per diluted ADS was RMB1.86, up from RMB0.53 year-over-year.

  • Interest and investment income, net, surged 392.3% to RMB440.5 million.

  • Loss from operations widened to RMB113.9 million from RMB57.4 million year-over-year.

  • Cash and cash equivalents stood at RMB4,029.0 million as of June 30, 2025.

Outlook and guidance

  • The company expects to maintain prudent cash management and continue its business transition after winding down the last-mile delivery business.

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Frequently asked questions

Qudian Inc. is a Chinese technology company that operates in the consumer finance sector. The company primarily provides small credit products and financial solutions to consumers in China, leveraging data-driven technology and mobile platforms. Qudian's offerings include cash credit products that enable users to access funds quickly, and merchandise credit products, which allow customers to purchase items on installment plans. The company targets young, emerging consumers who may have limited access to traditional financial services. The company is headquartered in Xiamen, China, and its shares are listed on the NYSE.

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