Qudian Inc

Qudian Inc. reported its Q2 2025 unaudited financial results, revealing a strategic shift. Revenue sharply decreased to RMB3.5 million, while net income attributable to shareholders significantly increased to RMB311.8 million. The company is winding down its last-mile delivery operations due to heightened competition, focusing on sustainable growth. Despite operating losses of RMB113.9 million, investment income surged by 392.3% to RMB440.5 million. Qudian held RMB4,029.0 million in cash and equivalents. The company continues its share repurchase program, having bought back $54.6 million worth of ADSs since June 2024.