Financial Performance - Total revenues for Q4 2023 were RMB63.8 million (US$9.0 million), a decrease of 60.1% from RMB160.1 million in Q4 2022[2] - Net loss attributable to Qudian's shareholders for Q4 2023 was RMB117.1 million (US$16.5 million), compared to a net income of RMB490.1 million in Q4 2022[2] - Full year 2023 total revenues were RMB126.3 million (US$17.8 million), representing a decrease of 78.1% from RMB577.5 million in 2022[3] - The company reported a net income of RMB39.1 million (US$5.5 million) for 2023, a significant recovery from a loss of RMB362.0 million in 2022[3] - Total revenues for the three months ended December 31, 2023, were RMB 63,794, a significant decrease from RMB 160,069 in the same period of 2022, representing a decline of approximately 60%[25] - Net income attributable to Qudian Inc.'s shareholders for the three months ended December 31, 2023, was a loss of RMB 117,074, compared to a profit of RMB 490,103 in the same period of 2022[25] - For the year ended December 31, 2023, total revenues were RMB 126,338, a decrease from RMB 577,492 in 2022, representing a decline of approximately 78%[26] - The net income attributable to Qudian Inc.'s shareholders for the year ended December 31, 2023, was RMB 39,133, a significant recovery from a loss of RMB 361,964 in 2022[26] Expenses and Liabilities - Total operating costs and expenses for the three months ended December 31, 2023, were RMB 184,126, up from RMB 108,842 in the same period of 2022, indicating an increase of approximately 69%[25] - Total current liabilities rose to RMB 754,486, an increase of 28.9% from RMB 584,930 as of December 31, 2022[28] - The company’s total liabilities increased to RMB 794,245, up 12.9% from RMB 703,723 in the previous year[28] Cash and Assets - Cash and cash equivalents totaled RMB7,207.3 million (US$1,015.1 million) as of December 31, 2023[14] - Cash and cash equivalents increased significantly to RMB 7,207,343, up 106.0% from RMB 3,486,376 in the previous year[27] - As of December 31, 2023, Qudian Inc. reported total assets of RMB 12,482,196, a decrease of 2.1% from RMB 12,746,435 as of December 31, 2022[27][28] - The company’s cash and cash equivalents represented approximately 57.7% of total current assets as of December 31, 2023[27] Shareholder Actions - Qudian has approved a new share repurchase program to buy up to US$300 million worth of Class A ordinary shares or ADSs over the next 36 months starting from June 13, 2024[4] - As of March 13, 2024, the company has cumulatively purchased 146.7 million ADSs for approximately US$675.4 million[5] Research and Development - Research and development expenses increased by 534.5% to RMB16.1 million (US$2.3 million) in Q4 2023, driven by an increase in staff headcount[8] Share Performance - Basic and diluted earnings per share for Class A and Class B ordinary shares were both RMB (0.57) for the three months ended December 31, 2023, compared to RMB 2.07 for the same period in 2022[25] - Non-GAAP net loss attributable to shareholders was RMB 116,574 for the same period, reflecting a significant decline from a non-GAAP net income of RMB 493,295 in Q4 2022[29] - Qudian Inc. reported a non-GAAP net income per share—basic of RMB (0.57) for Q4 2023, compared to RMB 2.08 in Q4 2022[29] Equity and Share Count - The weighted average number of Class A and Class B ordinary shares outstanding was 204,075,368 for the three months ended December 31, 2023, compared to 236,882,380 in the same period of 2022[25] - The weighted average shares outstanding decreased to 204,075,368 for the three months ended December 31, 2023, down from 236,882,380 in the previous year[29] - Total shareholders' equity decreased to RMB 11,687,951, a decline of 2.9% from RMB 12,042,712 as of December 31, 2022[28]

Core Viewpoint - Qudian Inc. reported significant declines in revenue and net loss for the fourth quarter and full year of 2023, primarily due to the winding down of its loan book business, while it is pivoting towards a new last-mile delivery business and plans to initiate a substantial share repurchase program to enhance shareholder value [1][3][4]. Financial Highlights Fourth Quarter 2023 - Total revenues were RMB63.8 million (US$9.0 million), a decrease of 60.1% from RMB160.1 million in the same period last year [2][5]. - Net loss attributable to shareholders was RMB117.1 million (US$16.5 million), compared to net income of RMB490.1 million for the same period last year [2][8]. - Non-GAAP net loss was RMB116.6 million (US$16.4 million), with a loss per diluted ADS of RMB0.57 (US$0.08) [2][8]. Full Year 2023 - Total revenues were RMB126.3 million (US$17.8 million), representing a decrease of 78.1% from RMB577.5 million in 2022, mainly due to the winding down of the loan book business [3][9]. - Net income attributable to shareholders was RMB39.1 million (US$5.5 million), a recovery from a loss of RMB362.0 million in 2022 [3][12]. - Non-GAAP net income was RMB44.1 million (US$6.2 million), compared to a loss of RMB347.9 million in 2022 [3][12]. Business Developments - The company generated approximately RMB95.6 million in revenue from its last-mile delivery business in 2023, indicating a strategic shift towards logistics services [3][15]. - Qudian plans to launch a new online and offline retail initiative that integrates Chinese supply chain advancements with global consumer needs, supported by a "Buy Now, Pay Later" solution [3][4]. Share Repurchase Program - The Board approved a new share repurchase program in March 2024, allowing the company to buy up to US$300 million worth of Class A ordinary shares or ADSs over the next 36 months starting from June 13, 2024 [3][4]. - As of March 13, 2024, the company had already purchased 146.7 million ADSs for approximately US$675.4 million, demonstrating a strong commitment to enhancing shareholder value [4][16].

Core Viewpoint - Qudian Inc. has announced a share repurchase program authorizing the repurchase of up to US$300 million worth of its outstanding American depositary shares (ADSs) and/or Class A ordinary shares over the next 36 months starting from June 13, 2024 [1] Group 1: Share Repurchase Program - The share repurchase program allows the company to repurchase its ADSs through various methods including open market transactions, privately negotiated transactions, and block trades [2] - Repurchases will comply with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, and the timing and number of ADSs repurchased will depend on factors such as share price, trading volume, and market conditions [2] - The company plans to fund the repurchases from its existing cash balance and does not expect the program to adversely affect its business strategies [2] Group 2: Company Overview - Qudian Inc. is a consumer-oriented technology company that historically focused on providing credit solutions to consumers [3] - The company is exploring innovative logistics services to meet consumer demand for e-commerce transactions by leveraging its technology capabilities [3]

Exhibit 99.1 Qudian Inc. Reports Third Quarter 2023 Unaudited Financial Results XIAMEN, China, December 11, 2023/PRNewswire/ -- Qudian Inc. ("Qudian" or "the Company" or "We") (NYSE: QD), a consumeroriented technology company, today announced its unaudited financial results for the quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights: ● Total revenues were RMB29.6 million (US$4.1 million), compared to RMB 110.2 million for the same period of last year ● Net loss attributable to Qudian's ...

Exhibit 99.1 Qudian Inc. Reports Second Quarter 2023 Unaudited Financial Results XIAMEN, China, September 7, 2023/PRNewswire/ -- Qudian Inc. ("Qudian" or "the Company" or "We") (NYSE: QD), a consumeroriented technology company, today announced its unaudited financial results for the quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights: ● Total revenues were RMB11.1 million (US$1.5 million), compared to RMB105.4 million for the same period of last year ● Net loss attributable to Qudian's sha ...

Exhibit 99.1 Qudian Inc. Reports First Quarter 2023 Unaudited Financial Results XIAMEN, China, June 12, 2023/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, 2023. First Quarter 2023 Financial Highlights: · Total revenues were RMB21.9 million (US$3.2 million), compared to RMB201.8 million for the same period of last year · Net income attributable to Qudian ...

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Financial Performance - Total revenues for Q4 2022 were RMB160.1 million (US$23.2 million), a decrease of 57.8% from RMB378.9 million in Q4 2021[3] - Net income attributable to Qudian's shareholders for Q4 2022 was RMB490.1 million (US$71.1 million), compared to a net loss of RMB65.1 million in the same period last year[3] - Full year 2022 total revenues were RMB577.5 million (US$83.7 million), representing a decrease of 65.1% from RMB1,654.0 million in 2021[4] - Net loss attributable to Qudian's shareholders for 2022 was RMB362.0 million (US$52.5 million), compared to an income of RMB589.1 million in 2021[4] - Total revenues for the year ended December 2022 were RMB 577,492 thousand, a decrease of 65.1% compared to RMB 1,654,043 thousand in 2021[27] - Net income attributable to Qudian Inc.'s shareholders for the year ended December 2022 was RMB 490,103 thousand, compared to a net loss of RMB 65,063 thousand in the same period of 2021[25] - The total net income attributable to Qudian Inc.'s shareholders shifted from a profit of RMB 589,074 thousand in 2021 to a loss of RMB 361,964 thousand in 2022[33] - Non-GAAP net income attributable to Qudian Inc.'s shareholders also turned negative, from RMB 612,377 thousand in 2021 to a loss of RMB 347,938 thousand in 2022[33] Operating Costs and Expenses - Total operating costs and expenses for the full year 2022 increased by 16.1% to RMB944.2 million (US$136.9 million) from RMB813.6 million in 2021[11] - Total operating costs and expenses for the year ended December 2022 were RMB 944,249 thousand, an increase of 16.1% from RMB 813,617 thousand in 2021[27] Cash Flow and Assets - Cash and cash equivalents as of December 31, 2022, were RMB3,502.0 million (US$507.7 million)[15] - Net cash provided by operating activities for Q4 2022 was RMB83.3 million (US$12.1 million)[15] - Cash and cash equivalents increased from RMB 2,065,495 thousand in 2021 to RMB 3,502,041 thousand in 2022, representing a growth of approximately 69.5%[29] - Total current assets decreased from RMB 12,218,090 thousand in 2021 to RMB 11,058,526 thousand in 2022, a decline of approximately 9.5%[29] Shareholder Information - The company has cumulatively completed total share repurchases of approximately US$602.1 million as of the date of the release[17] - The weighted average number of Class A and Class B ordinary shares outstanding for the year ended December 2022 was 246,043,086[27] - The company reported a total of 236,955,750 weighted average shares outstanding for both basic and diluted calculations in 2022[32] Research and Development - Research and development expenses for Q4 2022 decreased by 88.9% to RMB2.5 million (US$0.4 million) from RMB22.8 million in Q4 2021[8] - Research and development expenses for the year ended December 2022 were RMB 58,275 thousand, a decrease of 58.8% from RMB 141,264 thousand in 2021[27] Liabilities and Equity - Total liabilities decreased significantly from RMB 1,567,586 thousand in 2021 to RMB 703,722 thousand in 2022, a reduction of about 55.2%[30] - Shareholders' equity decreased from RMB 12,523,539 thousand in 2021 to RMB 12,042,713 thousand in 2022, a decline of about 3.8%[30] - The total current liabilities increased from RMB 493,518 thousand in 2021 to RMB 584,929 thousand in 2022, an increase of approximately 18.5%[30] Other Financial Metrics - Financing income for Q4 2022 totaled RMB29.3 million (US$4.2 million), a decrease of 90.1% from RMB296.4 million in Q4 2021[6] - Interest and investment income for the three months ended December 2022 was RMB 224,055 thousand, an increase of 50.1% from RMB 149,352 thousand in the same period of 2021[25] - Basic loss per share for the three months ended December 2022 was RMB 2.07, compared to a loss of RMB 0.26 in the same period of 2021[25] - The company reported a foreign currency translation adjustment loss of RMB 23,059 thousand for the year ended December 2022[26] - Non-GAAP net earnings per share (basic) decreased from RMB 2.42 in 2021 to a loss of RMB 1.41 in 2022[33]