趣店前三季度营收下滑76.98%，净利润暴涨451.44%

Core Viewpoint - Qudian's revenue continues to decline significantly, while net profit shows substantial growth due to increased interest and investment income [1] Financial Performance - As of September 30, Qudian reported cumulative revenue of 37.802 million, a year-on-year decline of 76.98% [1] - In Q3, Qudian achieved revenue of 8.523 million, down 84.5% year-on-year, primarily due to the gradual cessation of last-mile delivery services [1] - Net profit for Q3 increased by 210.74% to 410 million, driven by growth in interest and investment income [1] - Interest and investment income for Q3 was 421 million, up 84.46% year-on-year, with cumulative income for the first three quarters reaching 1.027 billion, a year-on-year increase of 176.08% [1] - As of September 30, 2025, Qudian's cash and cash equivalents totaled 7.011 billion, with restricted cash and cash equivalents at 1.519 billion [1] Company Background - Qudian was established in April 2014, initially focusing on small loans for college students, achieving rapid growth [2] - After regulatory changes in 2016, Qudian shifted its target demographic to young adults and expanded into cash loans and consumer installment services [1][2] - Qudian went public on the New York Stock Exchange in October 2017, raising nearly 1 billion and reaching a market value exceeding 10 billion [3] - From 2017 to 2019, Qudian experienced rapid revenue growth, with revenues of 4.775 billion, 7.692 billion, and 8.84 billion, and net profits of 2.164 billion, 2.491 billion, and 3.264 billion respectively [3] - Since 2019, Qudian has sought to diversify into various sectors, including online education and e-commerce, but many initiatives have failed [3] - Recently, Qudian announced a name change to "High Templar Tech Limited" and a new stock code "HTT" [3]