Accessibility StatementSkip Navigation BEIJING, Sept. 30, 2025 /PRNewswire/ -- Quhuo Limited (NASDAQ: QH) ("Quhuo" or the "Company"), a leading gig economy platform for local services in China, announced recently that its subsidiary, Lailai Information Technology (Shenzhen) Co., Ltd. ("Lailai"), which specializes in hotel and home services, has formed a partnership with Ke Holdings Inc. ("Beike"), a leading housing transactions and services platform in China. Under the agreement, Lailai will provide Beike w ...

Financial Data and Key Metrics Changes - Total revenue for the first half of 2025 was RMB 1.13 billion, a decrease of 30.2% from RMB 1.619 billion in the same period of 2024 [15] - Gross profit decreased to RMB 4.1 million from RMB 24.8 million in the first half of 2024 [17] - Net loss increased to RMB 53 million, compared to a loss of RMB 46.5 million in the first half of 2024 [22] Business Line Data and Key Metrics Changes - Revenue from on-demand delivery solutions was RMB 1.039 billion, down 30.7% from RMB 1.499 billion in the first half of 2024 [15] - Housekeeping and accommodation solutions revenue increased by 70.8% year-over-year to RMB 34.8 million [16] - Vehicle export solutions revenue decreased by 42.8% to RMB 57.4 million [16] Market Data and Key Metrics Changes - The domestic food delivery market experienced significant changes, with increased competition and cost burdens being passed to service providers [4] - The company observed signs of increased market share beginning in May 2025, indicating potential for scalable profitability [4] Company Strategy and Development Direction - The company is pursuing a dual-track strategy: optimizing the core business for quality growth and accelerating the development of the second core business [3] - The housekeeping and accommodation segment is becoming a significant driver for profit optimization [6] - The company is transitioning from a fulfillment service provider to a supply chain enabler, with a new cooperation with JD Jingdong Takeaway [13][14] Management's Comments on Operating Environment and Future Outlook - Management noted that the on-demand delivery business faces pressures but remains confident in the long-term value of the business [5] - The integration period is expected to end, leading to improved operational efficiency and profit potential in the second half of 2025 [5] - The company aims to enhance cash flow and expand its business through financial empowerment and operational improvements [26] Other Important Information - The company is involved in a trust plan to enhance property quality and rental value, which is expected to generate stable returns for investors [9] - The international revenue from used car stores showed a gross profit growth of 17.8%, with an improved gross margin [10] Q&A Session Summary Question: What is Quhuo's specific role in the trust corporation and its impact on future financial performance? - Management explained that Quhuo Ltd is a core operator in the trust project, turning business revenues into data assets and then into financial assets, which enhances liquidity and increases asset returns [25][26]

Financial Data and Key Metrics Changes - Total revenue decreased by 30.2% from CNY 1,619 million in H1 2024 to CNY 1,131 million in H1 2025 [15] - Revenue from on-demand delivery solutions was CNY 1,039 million, a decrease of 30.7% from CNY 1,499 million in H1 2024 [15] - Gross profit was CNY 24.8 million in H1 2024 and CNY 4.1 million in H1 2025, indicating a significant decline [17] - Net loss increased to CNY 53 million in H1 2025 from CNY 46.5 million in H1 2024, reflecting a 14% increase [22] Business Line Data and Key Metrics Changes - Housekeeping and accommodation solutions revenue increased by 70.8% year-over-year to CNY 34.8 million from CNY 20.4 million in H1 2024 [16] - Home to Home segment achieved 83.6% revenue growth and 319.8% gross profit growth, with gross margin rising to 65.2% [6] - Lilac's accommodation business recorded a 63.6% year-over-year increase in revenue, supported by new cooperation with Baker [8] Market Data and Key Metrics Changes - The domestic food delivery market experienced significant changes, with increased competition and cost burdens passed to service providers [4] - The vehicle export solutions revenue decreased by 42.8% to CNY 57.4 million, primarily due to a decrease in units sold [16] Company Strategy and Development Direction - The company is focused on a dual-track strategy: optimizing core business for quality growth and accelerating the development of the second core business [3][4] - The integration of housekeeping and accommodation solutions is seen as a key driver for optimizing profit structure [6] - The company plans to transition from a fulfillment service provider to a supply chain enabler, generating new opportunities [14] Management's Comments on Operating Environment and Future Outlook - Management noted that despite pressures in the on-demand delivery business, the company maintained resilience and made progress in its second core business [13] - The cooperation with JD Jingdong Takeaway is expected to add incremental volume under the new competitive landscape [13] - Future plans include focusing on operational efficiency and refining business models to deliver sustainable long-term returns [14] Other Important Information - The company has cash equivalents and restricted cash of CNY 33.1 million and short-term debt of CNY 118 million as of June 30, 2025 [22] - The company is involved in a trust plan aimed at enhancing property quality and generating stable returns for investors [9] Q&A Session Summary Question: Could you explain Quhuo's specific role in the trust corporation and its impact on future financial performance? - Management explained that Quhuo Ltd is a core operator in the trust project, turning business revenues into data assets and then into financial assets, which strengthens liquidity and increases asset returns [25] - The financial impact includes higher margin income and improved cash flow, providing flexibility for expansion [26]

Financial Data and Key Metrics Changes - Total revenue decreased by 30.2% from RMB 1,619 million in H1 2024 to RMB 1,131 million in H1 2025 [15] - Gross profit was RMB 24.8 million in H1 2024 and RMB 4.1 million in H1 2025, indicating a significant decline [17] - Net loss increased to RMB 53 million in H1 2025 from RMB 46.5 million in H1 2024, representing a 14% increase [22] Business Line Data and Key Metrics Changes - Revenue from on-demand delivery solutions was RMB 1,039 million, down 30.7% from RMB 1,499 million in H1 2024 [15] - Housekeeping and accommodation solutions revenue surged by 70.8% year-over-year to RMB 34.8 million from RMB 20.4 million [16] - Mobility service solutions revenue fell by 42.8% to RMB 57.4 million from RMB 100.5 million in H1 2024 [16] Market Data and Key Metrics Changes - The domestic food delivery market experienced significant changes, with increased competition and cost burdens being passed to service providers [4] - Market share began to increase in May 2025, indicating potential for scalable profitability despite short-term pressures [4] Company Strategy and Development Direction - The company is pursuing a dual-track strategy: optimizing the core business for quality growth and accelerating the development of the second core business [3] - Focus on transitioning from a fulfillment service provider to a supply chain enabler, with a new cooperation with JD Jingdong Takeaway [13][14] - The company aims to leverage its operational capabilities and financial empowerment to create a sustainable growth path [26] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the intense competition in the local service industry and emphasized the importance of adapting to structural shifts [3] - The company believes that improvements in operational efficiency will become evident in the second half of 2025 [5] - Future growth is expected to come from both the core business and new initiatives, with a focus on operational efficiency and market opportunities [14] Other Important Information - The company has closed underperforming sites to concentrate resources on higher return areas, reflecting confidence in the long-term value of the on-demand delivery business [5] - The housekeeping and accommodation segment is becoming a significant driver of profitability, with strong growth reported [6] Q&A Session Summary Question: Could you explain Quhuo's specific role in the trust corporation and what impact this corporation may have on future financial performance? - Management explained that Quhuo Ltd is a core operator in the trust project, turning business revenues into data assets and then into financial assets, which enhances liquidity and increases asset returns [25][26]

Financial Data and Key Metrics Changes - Total revenue decreased by 30.2% from RMB 1,619 million in H1 2024 to RMB 1,131 million in H1 2025 [15] - Gross profit was RMB 24.8 million in H1 2024 and decreased to RMB 4.1 million in H1 2025 [17] - Net loss increased to RMB 53 million in H1 2025 from RMB 46.5 million in H1 2024, representing a 14% increase [21] Business Line Data and Key Metrics Changes - Revenue from on-demand delivery solutions was RMB 1,039 million, a decrease of 30.7% from RMB 1,499 million in H1 2024 [15] - Housekeeping and accommodation solutions revenue increased by 70.8% year-over-year to RMB 34.8 million [16] - Mobility service solutions revenue decreased by 42.8% to RMB 57.4 million due to a new business model and optimization efforts [16] Market Data and Key Metrics Changes - The domestic food delivery market experienced significant changes, with increased competition and structural adjustments by major customers [4] - Market share began to increase in May 2025, indicating potential for scalable profitability despite short-term pressures [4] Company Strategy and Development Direction - The company is pursuing a dual-track strategy: optimizing the core business for quality growth and accelerating the development of the second core business [3] - Focus on transitioning from a fulfillment service provider to a supply chain enabler, with a new cooperation with JD Jingdong Takeaway [13][14] Management's Comments on Operating Environment and Future Outlook - Management noted that the on-demand delivery business faced pressures but maintained resilience and made progress in the second core business [13] - The company plans to continue focusing on operational efficiency and refining business models to deliver sustainable long-term returns [14] Other Important Information - The housekeeping and accommodation segment is becoming a significant driver of profitability, with strong growth in both revenue and gross profit [5] - The company is involved in a trust plan to enhance property quality and rental value, which is expected to generate stable returns for investors [9] Q&A Session Summary Question: What is Quhuo's specific role in the trust corporation and its impact on future financial performance? - Quhuo Ltd is a core operator in the trust project, turning business revenues into data assets and then into financial assets, which strengthens liquidity and increases asset returns [24] - The trust structure allows for monetizing future cash flows, improving cash flow flexibility and enabling expansion in current and new businesses [25]

Core Viewpoint - Quhuo Limited continues to implement its dual-track strategy focusing on optimizing on-demand delivery solutions and expanding housekeeping and accommodation services to enhance profitability despite a challenging market environment [2][10]. Financial Performance - Quhuo generated total revenue of RMB1,131.4 million in the first half of 2025, with significant growth in its housekeeping and accommodation businesses, which saw revenue increase by 70.8% year over year and gross profit rise by 63.4% [3][6]. On-Demand Delivery Solutions - The company faced intensified competition in China's food delivery market, leading to increased costs for service providers and strategic adjustments by major clients [3]. - Quhuo focused on workforce management and operational optimization, which resulted in market share gains relative to key competitors since May 2025 [4]. - Management streamlined its structure by exiting underperforming sites and reallocating resources to higher-revenue locations, expecting economies of scale and profitability to materialize in the second half of 2025 [5]. Housekeeping and Accommodation Solutions - The Chengtu homestay business experienced an 83.6% year-over-year revenue growth, with gross profit surging 390.8%, achieving a gross margin of 55.2% [9]. - Lailai, the hotel and home services segment, saw a revenue increase of 63.6% year over year, driven by a partnership with Ke Holdings Inc. [9]. New Business Initiatives - Quhuo entered a partnership with JD.com to provide on-demand delivery services in select cities, which is expected to generate incremental revenue [7]. - The beef supply chain partnership with NIU World generated approximately RMB14.4 million in revenue, marking a significant step in Quhuo's transformation into a supply chain enabler [8]. Future Outlook - The company plans to continue executing its dual-track strategy, focusing on efficiency, structural optimization, and innovation to deliver sustainable long-term returns for shareholders [10].

Core Viewpoint - Quhuo Limited, a leading gig economy platform in China, is set to hold an extraordinary general meeting of shareholders to discuss important company matters [1] Company Summary - Quhuo Limited focuses on local community-centered services within the gig economy sector in China [1] - The extraordinary general meeting will take place at the 3rd Floor, Block A, Xin'anmen, No. [1]

Group 1 - The stock of QH opened with a significant increase of 39.03%, reaching $7.52 per share, with a total market capitalization of $675 million as of 21:30 on August 25 [1] - Financial data indicates that QH's total revenue for the year ending December 31, 2024, is projected to be 3.047 billion RMB, reflecting a year-on-year decrease of 17.71% [1] - The net profit attributable to the parent company is expected to be 2.705 million RMB, which represents a year-on-year decline of 18.87% [1] Group 2 - On August 12, QH announced an adjustment to its American Depositary Shares (ADS), changing the ratio to 1 ADS equal to 900 ordinary shares [2] - QH Limited is a Cayman Islands-registered holding company that operates primarily through its domestic subsidiary, Beijing QH Technology Co., Ltd., which was established in 2012 [2] - The company focuses on providing end-to-end operational solutions for on-demand consumer services in China, including delivery, ride-hailing, housekeeping, and bike-sharing [2]

Group 1 - The article highlights the significant decline in the stock prices of several Chinese concept stocks, with the largest drop being 54.05% for Star Fashion [1] - Other notable declines include FunPlus at 40.21%, Rongzhi Group at 30.34%, Zhengye Bio at 29.4%, and AirNet Technology at 26.91% [1] - The trading volumes for these stocks varied, with Star Fashion having a trading volume of 4.2523 million, while FunPlus had 1.5189 million [1]

Core Viewpoint - Quhuo Limited is changing the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares from 1:10 to 1:900, effective August 25, 2025, which will be treated as a one-for-90 reverse ADS split without affecting the proportional equity interest of ADS holders [1][2][3]. Group 1: ADS Ratio Change - The new ADS Ratio will be one ADS for every 900 Class A ordinary shares, changing from the previous ratio of one ADS for every 10 shares [1]. - A post-effective amendment to the ADS Registration Statement on Form F-6 will be filed with the SEC to reflect this change, and the new CUSIP number for the ADSs will be 74841Q308 [2]. - Existing ADS holders will need to surrender 90 current ADSs to receive one new ADS, with Deutsche Bank Trust Company Americas managing the exchange process [3]. Group 2: Impact on ADS Holders - No fractional ADSs will be allocated due to the change; any aggregate fractions will be sold, and the net proceeds will be distributed to the entitled ADS holders [4]. - The trading price of Quhuo's ADS is expected to increase proportionally as a result of the change, although there is no assurance that it will be equal to or greater than 90 times the previous trading price [5]. Group 3: Company Overview - Quhuo Limited is a leading workforce operational solutions platform in China, providing tech-enabled solutions for on-demand consumer service businesses, including food delivery and mobility services [6]. - The company plays a crucial role in connecting service businesses with consumers, enhancing the efficiency and skill of workers through training and performance monitoring [6].