Qudian announced its third quarter performance.
Zhito Finance learned that Qudian (QD.US) announced its third quarter performance. Data shows that Q3 revenue was 55 million yuan, an increase of 85.8% year-on-year. Q3 net income was 0.132 billion yuan, compared to a net loss of 0.181 billion yuan in the same period last year. The non-GAAP diluted earnings per ADS were 0.71 yuan.
As of September 30, 2024, the company had cash and cash equivalents of 4.847 billion yuan, and restricted cash of 0.7795 billion yuan. In the third quarter of 2024, net cash provided by operating activities was 0.6799 billion yuan.
