Net Income Surge

Qudian Inc. reported its Q3 2025 unaudited financial results, revealing a sharp 84.5% drop in revenue to RMB8.5 million due to the last-mile delivery business phase-out. However, net income attributable to shareholders surged to RMB409.9 million, driven by increased investment income and gains on derivative instruments. The company maintains a strong cash position and continues its share repurchase program. Qudian’s future hinges on successful diversification and strategic capital allocation.