Group 1 - Quhuo Limited has regained compliance with Nasdaq's minimum market value and bid price requirements, confirming its adherence to all continued listing criteria [1] - The company operates as a leading gig economy platform in China, focusing on local life services and leveraging its proprietary technology infrastructure, Quhuo+ [2] - Quhuo provides various operational solutions, including on-demand delivery, mobility services, housekeeping, and accommodation, catering to the needs of millions of families [2] Group 2 - The company's vision includes promoting employment, stabilizing income, and empowering entrepreneurship, while also offering safety, security, and vocational training for workers [2] - Quhuo aims to assist workers in planning their career development paths to help them realize their self-worth [2]

Core Viewpoint - Quhuo Limited's homestay division, Chengtu, has launched a new booking platform featuring six specialized room types, enhancing its service capabilities and aiming to meet diverse user needs in the local life services market in China [1][6]. Group 1: Platform Launch and Features - Chengtu's booking platform will be rolled out in three phases, starting with 2,000 proprietary homestays across 51 cities in China [2]. - The platform aims to improve private user operations and create a membership system for hosts and guests, eventually opening to more domestic homestay operators [2]. - The introduction of six functional room types caters to various user needs, including the Care Room, E-sports Room, Business Travel Room, Family Room, Cinema Room, and Elegant Retreat Room [3][4]. Group 2: Room Types and Market Position - Each room type is designed with specific features to enhance user experience, such as the Care Room's medical support and the E-sports Room's high-performance gear [4][5]. - The successful pilot of these functional rooms in Tianjin highlights Chengtu's competitive edge in the homestay market and its focus on personalized service [5]. - Chengtu is transitioning from a homestay management service provider to a creator of specialized homestay products, increasing its autonomy and optimizing profits [6]. Group 3: Strategic Vision and Leadership - The General Manager of Chengtu emphasized that the launch represents a proactive exploration of the future direction of the homestay industry [7]. - The CEO of Quhuo highlighted the business upgrade as a reflection of Chengtu's commitment to prioritizing user and family needs through continuous innovation [7].

Core Insights - Quhuo Limited is recognized as a leading gig economy platform in China, focusing on local life services and enhancing the significance of new employment forms in the economy [1][8] - The company has implemented comprehensive training and mentorship programs to empower its workforce, exemplified by the success story of Song Penghua, a delivery rider who advanced to deputy site manager [4][5] Group 1: Company Overview - Quhuo Limited operates in the gig economy, providing various local life services and employing over 53,500 active workers monthly [7] - The company has a proprietary technology infrastructure called Quhuo+, which supports its operational solutions in on-demand delivery, mobility services, and more [8][9] - Quhuo's commitment to worker welfare includes providing essential gear, organizing team-building activities, and special care initiatives for women and people with disabilities [6] Group 2: Workforce Development - The Ninth National Workforce Survey indicates that 21% of China's workforce is engaged in emerging job categories like delivery riders, highlighting the importance of these roles [2] - Quhuo's structured career development pathways allow riders to progress from delivery roles to management positions, as demonstrated by Song Penghua's rapid advancement [5][6] - The company emphasizes professional training, mentorship, and operational efficiency, resulting in Quhuo riders achieving customer satisfaction rates that exceed industry averages by 15-30 percentage points [7]

Core Insights - Quhuo International has established a strategic partnership in Azerbaijan with GET Holdings, Volt Auto, and Bolt to enhance electric vehicle (EV) adoption and improve ride-hailing services [1][2][5] - The global EV market is experiencing significant growth, with nearly 14 million units sold in 2023, representing one-fifth of total vehicle sales worldwide [1] - Azerbaijan's strategic location on the "Belt and Road" initiative and its hosting of COP29 presents opportunities for EV development and local demand for Chinese-made electric vehicles [2][5] Company Initiatives - Quhuo International aims to introduce comprehensive ride-hailing operational systems in Azerbaijan, leveraging its experience from China's leading platforms [3] - The company will provide both online software services and offline management support to establish a localized ride-hailing operation [3] - Quhuo International plans to expand local life services in Azerbaijan, including food delivery and group purchasing programs, utilizing its Quhuo+ platform [4] Market Potential - The ride-hailing industry in Azerbaijan has seen a 14% increase in users over the past five years, indicating strong growth potential [3] - Quhuo International's initiatives are expected to create new job opportunities and stimulate economic growth in Azerbaijan [5] - The partnership with Bolt aims to enhance transportation options for local residents and tourists, thereby increasing public acceptance of EVs [2][5] Strategic Vision - Quhuo International's General Manager emphasized the growth potential in Azerbaijan's EV and ride-hailing sectors, highlighting the company's commitment to sustainable transportation solutions [6] - The collaboration is viewed as a significant milestone in Quhuo International's global strategy, aiming to enhance overseas partnerships and drive sustainable development in the automotive sector [6]

Financial Data and Key Metrics - Total revenue for H1 2024 was RMB 1.62 billion, a decrease of 6.7% compared to RMB 1.74 billion in H1 2023 [5][16] - Gross margin improved to 5.6%, surpassing the previous year's performance [6] - General and administrative expenses decreased by 13.2% year-on-year due to lean management [6] - Net loss for H1 2024 was RMB 46.5 million, compared to a net loss of RMB 5.7 million in H1 2023 [19] - Adjusted EBITDA loss was RMB 34.8 million, compared to an adjusted EBITDA of RMB 11.1 million in H1 2023 [20] Business Segment Performance - Mobility Services segment revenue increased by 71.7% year-on-year, driven by a 389% growth in international vehicle export solutions [7] - Shared-bike maintenance service revenue grew by 6.2% year-on-year, while ride-hailing service revenue increased by 47.5% year-on-year [7] - Housekeeping service segment gross profit increased by 28.5% year-on-year, with gross margin rising from 13.8% to 24.6% [8] - On-demand delivery solutions revenue decreased by 9.1% year-on-year due to the optimization of business districts [16] Market Performance - International vehicle export solutions successfully exported 815 new energy vehicles overseas, showcasing strong international competitiveness [7] - Housekeeping service coverage expanded to 132 cities, a 21.4% increase year-on-year [8] - The company is exploring a combined short-term and long-term rental model for idle properties in collaboration with a leading long-term rental platform in China [11] Strategic Direction and Industry Competition - The company is focusing on long-term trends, such as the recovery of consumption and tourism, and the promotion of homestay services at the national level [10] - Quhuo is leveraging its experience in new energy vehicle exports, with over five years of experience in life-saving operations and more than two decades in vehicle exports [13] - The company is forming strong partnerships with overseas partners through technology and management empowerment, particularly in on-demand delivery and ride-hailing systems [14] Management Commentary on Operating Environment and Future Outlook - The global economic environment remains complex and volatile, with challenges in both domestic and international markets [5] - The company is committed to long-term strategic planning, optimizing operational models, and seizing new market opportunities [15] - Quhuo International is expected to enter the next stage of development in H2 2024, focusing on redefining partner roles and unifying long-term profit-sharing mechanisms [21][22] Other Important Information - The company has cash, short-term investments, and restricted cash of RMB 104.9 million, with short-term debt of RMB 104.2 million as of June 30, 2024 [20] - Quhuo's platform has accumulated over 770,000 registered workers, providing stable and flexible job opportunities in various sectors [9] Q&A Session Question: What are the company's plans for Quhuo International in the second half of 2024, and how do you see its growth prospects? - Quhuo International will focus on defining and innovating its overseas business model, redefining partner roles, and unifying long-term profit-sharing mechanisms to drive faster growth in both revenue and profit [21][22] - The company expects this phase to bring scale growth and solidify its position in the international market [23]

Core Viewpoint - Quhuo Limited demonstrated stable business growth in the first half of 2024 despite a complex global economic environment, achieving a total revenue of RMB 1.62 billion and a gross margin of 5.6%, surpassing last year's performance [5][6][15]. Financial Performance - Total revenue decreased by 6.7% year-on-year from RMB 1,736.3 million to RMB 1,619.9 million [16]. - Revenue from on-demand delivery solutions was RMB 1,499.1 million, a decrease of 9.1% from the previous year [16]. - Revenue from Mobility Service Solutions increased by 71.7% year-on-year to RMB 100.5 million, driven by a significant growth in vehicle export solutions [17]. - Housekeeping and accommodation solutions revenue decreased by 27.8% to RMB 20.4 million due to a business model transition [17]. - General and administrative expenses decreased by 13.2% year-on-year to RMB 7.9 million, reflecting improved operational efficiency [18]. - The company recorded a net loss of RMB 5.7 million compared to a loss of RMB 46.5 million in the same period last year [19][20]. Business Segments - The Mobility Services segment saw a revenue increase of 71.7% year-on-year, with shared-bike maintenance service revenue growing by 6.2% and ride-hailing service revenue increasing by 47.5% [7]. - The housekeeping service segment's gross profit increased by 28.5% year-on-year, with gross margin rising from 13.8% to 24.6% [8]. - Quhuo successfully exported 815 new energy vehicles, marking a 389% year-on-year increase in international vehicle export solutions [7]. Strategic Focus - Quhuo is addressing three key issues to deliver continuous value: enhancing employment opportunities, expanding homestay services, and revitalizing existing housing inventory [9][10][11]. - The company is collaborating with a leading long-term rental platform to explore a combined rental model for idle properties, aiming to improve operational efficiency and create commercial value [11]. - Quhuo is leveraging its competitive advantage in new energy vehicle exports, with plans to expand market share and business coverage in the second half of 2024 [12][13]. Future Outlook - Quhuo plans to redefine its international business model and optimize new business processes with partners to drive growth in revenue and profit [21][22]. - The company aims to solidify its position in the international market and expects to enter the next stage of development for Quhuo International in the second half of 2024 [23].

Exhibit 99.1 QUHUO LIMITED UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands of Renminbi ("RMB") and U.S. dollars ("US$"), except for number of shares and per share data) | --- | --- | --- | --- | --- | |----------------------------------------------|-------|-------------------------------------------|--------------------------|-------------------------| | | Notes | As of December 31, \n2023 \nRMB | As of \n2024 \nRMB | June 30, \n2024 \nUS$ | | ASSETS: | | | | | | Current assets ...

BEIJING, Aug. 28, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ: QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months ended June 30, 2024.Financial and Operational Highlights for the First Half of 2024 Revenues from mobility service solutions were RMB 100.5 million (US$13.8 million), representing an increase of 71.7% year-over-year.General and administrative expenses were RMB70.9 m ...

Revenues from mobility service solutions were RMB100.5 million (US$13.8 million), representing an increase of 71.7% year-over-year.Quhuo International shipped 815 vehicles under its vehicle export solutions.The Company has expanded services to 132 cities nationwide, representing a 21.4% year-over-year increase.BEIJING, Aug. 28, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ: QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on local life services in China, today reported its u ...

BEIJING, Aug. 26, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ: QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on life services in China, today announced that it will report unaudited financial results for the first half of 2024 before the open of the U.S. markets on Wednesday, August 28, 2024.The Company's management will hold a conference call on Wednesday, August 28, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong time on the same day) to discuss the ...