Market Capitalization Overview - The market capitalizations of various companies are listed, with notable figures including 74.11 billion, 88.55 billion, and 76.47 billion [2] - Companies such as SON, VIPS, and TAL have market caps of 72.19 billion, 60.28 billion, and 55.72 billion respectively [2] Stock Performance - Stock price changes are highlighted, with SON showing a decrease of 0.95 (-1.99%) while VIPS increased by 0.15 (+0.85%) [2] - Other companies like TAL and Lufax also experienced minor fluctuations, with TAL decreasing by 0.04 (-0.49%) and Lufax increasing by 0.96 (+3.75%) [2] Additional Company Insights - Companies such as Huya and Yatsen have market caps of 8.06 billion and 3.27 billion respectively, with stock price changes of -0.03 (-0.77%) and 0.00 (0.00%) [2] - The performance of companies like New Oxygen and Huami Technology is also noted, with market caps of 83.07 million and 37.63 million, showing no change in stock price [3] Summary of Smaller Companies - Smaller companies like Tuniu and Cheetah Mobile have market caps of 1.08 billion and 1.17 billion respectively, with Tuniu experiencing a slight decrease of -0.01 (-1.20%) [3] - The market cap of Baosheng E-commerce is reported at 2.02 billion, with a stock price increase of 0.17 (+5.18%) [3]

Core Insights - Qudian Inc. is highlighted as an undervalued security with potential for growth, particularly in last-mile delivery and share repurchases [1]. Group 1 - The article serves as a follow-up on Qudian Inc., emphasizing its progress and value proposition [1]. - The author expresses a strategy of seeking investments that offer significant margins of safety, akin to the philosophies of Benjamin Graham and Walter Schloss [1]. - The author is open to international investments, indicating a broader market perspective beyond domestic opportunities [1].

Qudian (NYSE: QD ), a provider of credit, logistics and other solutions in China, has dropped in recent weeks as the market came to grips with the realization that the U.S. and China appear to be heading towards a trade war due to a Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. ...

XIAMEN, China, March 20, 2025 /PRNewswire/ -- Qudian Inc. ("Qudian" or "the Company" or "We") (NYSE: QD), a consumer-oriented technology company in China, today announced its unaudited financial results for the quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights: Total revenues were RMB52.2 million (US$7.2 million), compared to RMB63.8 million for the same period of last year Net loss attributable to Qudian's shareholders was RMB66.4 million (US$9.1 million), compared to ...

Core Viewpoint - Qudian Inc. has appointed Marcum Asia CPAs LLP as its new independent registered public accounting firm, following the revocation of BDO China Shu Lun Pan Certified Public Accountants LLP's appointment due to resource constraints [1][2][3]. Group 1: Appointment of Accounting Firms - The Company previously appointed BDO as its independent registered public accounting firm on September 6, 2024, but revoked this appointment after BDO indicated it could not meet the audit timetable [2]. - Marcum Asia CPAs LLP has been appointed to succeed Ernst & Young Hua Ming LLP, which was the previous auditor [3]. - The appointment of Marcum Asia was approved by the Company's Audit Committee after careful consideration [3]. Group 2: Transition and Consultation - The Company is working closely with both EY and Marcum Asia to ensure a seamless transition [5]. - During the two most recent fiscal years and the interim period prior to January 31, 2025, the Company did not consult with Marcum Asia on any accounting principles or audit opinions [4]. Group 3: Company Overview - Qudian is a consumer-oriented technology company that historically focused on providing credit solutions to consumers and is now exploring innovative logistics services to meet e-commerce demands [6].

Exhibit 99.1 Qudian Inc. Reports Third Quarter 2024 Unaudited Financial Results XIAMEN, China, November 22, 2024/PRNewswire/ -- Qudian Inc. ("Qudian" or "the Company" or "We") (NYSE: QD), a consumer- oriented technology company in China, today announced its unaudited financial results for the quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights: The Company's last-mile delivery business continued to make steady progress in 2024, which generated approximately RMB53.5 million in revenue i ...

Core Viewpoint - Qudian Inc. remains significantly undervalued, with ongoing share repurchase agreements and recent profitability in its last-mile delivery business indicating potential for value creation for shareholders [1][3][5]. Company Overview - Qudian operates as a consumer-oriented technology company providing credit solutions in China, and is transitioning into the last-mile delivery business with initial success in New Zealand and Australia [2]. Profitability - The latest quarterly report indicates a net income of RMB99.8 million (US$13.7 million), marking the first profit in a year, although most of this profit stems from interest and investment income rather than core operations [3][4]. Business Model Transition - The last-mile delivery business, branded as "Fast Horse," has shown steady progress since its launch in December 2022, with expectations for continued commitment to this transition and prudent cash management [5][6]. Share Repurchase Agreements - Qudian has two active share repurchase agreements, with approximately US$8 million spent on the latest program, which is set to continue until June 13, 2027 [6][7]. - The company has repurchased around 37 million shares, creating significant shareholder value, with an estimated value of US$164 million generated in the past year [8]. Future Outlook - Management expresses confidence in the last-mile delivery business and plans to maximize share buybacks, which could lead to substantial stock movement given the current undervaluation [7][8].

Exhibit 99.1 Qudian Inc. Reports First Quarter 2024 Unaudited Financial Results XIAMEN, China, June 13, 2024/PRNewswire/ -- Qudian Inc. ("Qudian" or "the Company" or "We") (NYSE: QD), a consumeroriented technology company in China, today announced its unaudited financial results for the quarter ended March 31, 2024. First Quarter 2024 Financial Highlights: · Total revenues were RMB55.8 million (US$7.7 million), compared to RMB21.9 million for the same period of last year · Net loss attributable to Qudian's ...

Core Viewpoint - Qudian Inc. reported significant financial improvements in the second quarter of 2024, achieving a net income of RMB99.8 million (US$13.7 million) compared to a net loss of RMB76.9 million in the same period last year, driven primarily by the growth of its last-mile delivery business [2][5]. Financial Highlights - Total revenues for Q2 2024 were RMB53.3 million (US$7.3 million), a substantial increase from RMB11.1 million in Q2 2023 [2][3]. - The last-mile delivery business generated approximately RMB46.2 million (US$6.4 million) in revenue, up from RMB4.3 million in Q2 2023 [2][3]. - Net income per diluted ADS was RMB0.53 (US$0.07) for Q2 2024, compared to a net loss per diluted ADS of RMB0.34 in Q2 2023 [5][24]. Operating Costs and Expenses - Total operating costs and expenses rose to RMB110.8 million (US$15.2 million) from RMB106.7 million in Q2 2023 [3][4]. - Cost of revenues increased significantly to RMB46.2 million (US$6.4 million) from RMB12.7 million in Q2 2023, primarily due to the last-mile delivery business [3][4]. - General and administrative expenses decreased by 27.9% to RMB47.2 million (US$6.5 million) from RMB65.4 million in Q2 2023 [4]. Cash Flow and Financial Position - As of June 30, 2024, the company had cash and cash equivalents of RMB4,849.0 million (US$667.2 million) and restricted cash of RMB52.0 million (US$7.2 million) [6]. - For Q2 2024, net cash used in operating activities was RMB1,184.3 million (US$163.0 million), mainly due to labor-related costs and investments [6]. Last-Mile Delivery Business - The last-mile delivery service, branded as "Fast Horse," was launched in December 2022 and has expanded its operations to Australia and New Zealand, responding to the growing demand for cross-border e-commerce [7]. Share Repurchase Program - The company has an ongoing share repurchase program initiated in June 2022, allowing for the purchase of up to US$200 million worth of shares, with approximately US$113.0 million spent to date [8][9]. - A new share repurchase program was approved in March 2024, allowing for an additional US$300 million in purchases over the next 36 months [9].

Core Viewpoint - Qudian Inc. has appointed BDO China Shu Lun Pan Certified Public Accountants LLP as its new independent registered public accounting firm, effective September 6, 2024, succeeding Ernst & Young Hua Ming LLP, with the change approved by the Audit Committee and Board of Directors [1][4]. Group 1: Auditor Transition - The decision to change auditors was made after careful consideration and was not due to any disagreements with EY regarding accounting principles, financial statement disclosures, or auditing procedures [1][2]. - EY's audit reports for the years ended December 31, 2022, and 2023 were unqualified and did not contain any adverse opinions or disclaimers [2]. - There have been no disagreements or reportable events with EY during the years ended December 31, 2022, and 2023, and up to the engagement of BDO [2][3]. Group 2: Company Background - Qudian is a consumer-oriented technology company that historically focused on providing credit solutions to consumers and is now exploring innovative logistics services to meet e-commerce demands [5].