Qudian(US:QD) Shen Zhen Shang Bao·2025-09-03 22:48Core Viewpoint - The company is experiencing a decline in revenue due to intensified industry competition, leading to a decision to gradually reduce its last-mile delivery business, aligning with its commitment to sustainable growth and shareholder value [2] Group 1: Financial Performance - In Q2 2025, the company's net interest and investment income increased by 392.3% year-on-year to 440.5 million yuan [2] - The company reported an operating loss of 113.9 million yuan in Q2, compared to a loss of 57.4 million yuan in the same period last year, attributed to the gradual reduction of business and increased depreciation and property tax expenses [3] - The company's cash and cash equivalents stood at 4.029 billion yuan as of June 30 [2] Group 2: Business Strategy and Operations - The company has decided to gradually reduce its last-mile delivery business due to decreased sales revenue from this segment [2] - Research and development expenses decreased by 25.5% year-on-year to 11.3 million yuan, attributed to a reduction in employee numbers and corresponding salary cuts [3] - The company aims to continue its commitment to business transformation while maintaining cautious cash management [2] Group 3: Historical Context and Market Position - The company was founded in 2014 and went public on the New York Stock Exchange in 2017, focusing on empowering financial institutions through technology [2] - The company's stock price has significantly declined, dropping nearly 90% from its peak of $35.45 per share in 2017 to a recent closing price of $4.66 per share, with a total market capitalization of $769 million [3]