XIAMEN,
China, Sept. 6, 2022 /PRNewswire/ -- Qudian Inc.
("Qudian" or "the Company" or "We") (NYSE: QD), a consumer-oriented
technology company in China, today
announced its unaudited financial results for the quarter ended
June 30, 2022.
Second Quarter 2022 Operational Highlights:
- Number of outstanding borrowers[1] from loan book
business as of June 30, 2022
decreased by 6.7% to 2.4 million from 2.6 million as of
March 31, 2022, as a result of the
Company's deployment of a conservative and prudent strategy
- Total outstanding loan balance from loan book
business[2] decreased by 54.4% to RMB0.7
billion as of June 30, 2022 from
RMB1.5 billion as of March 31, 2022
- Amount of transactions from loan book business for this
quarter decreased by 31.0% to RMB1.5
billion from the first quarter of 2022
- Weighted average loan tenure for our loan book business
was 2.0 months for this quarter, compared to 2.3 months for the
first quarter of 2022
[1] Outstanding borrowers are
borrowers who have outstanding loans from the Company's loan book
business as of a particular date.
[2] Includes (i) off and on balance
sheet loans directly or indirectly funded by our institutional
funding partners or our own capital, net of cumulative write-offs
and (ii) does not include auto loans from Dabai Auto
business.
|
Second Quarter 2022 Financial Highlights:
- Total revenues were RMB105.4
million (US$15.7 million),
compared to RMB412.1 million for the
same period of last year
- Net loss attributable to Qudian's shareholders was
RMB61.3 million (US$9.2 million), compared to an income of
RMB269.9 million for the same period
of last year, or net loss of RMB0.25
(US$0.04) per diluted ADS
- Non-GAAP net loss attributable to Qudian's
shareholders[3] was RMB52.8
million (US$7.9 million),
compared to non-GAAP net income attributable to Qudian's
shareholders of RMB282.5 million for
the same period of last year, or Non-GAAP net loss of RMB0.21 (US$0.03)
per diluted ADS
[3] For more information on
this Non-GAAP financial measure, please see the table captioned
"Unaudited Reconciliation of GAAP and Non-GAAP Results" set forth
at the end of this press release.
|
Recent Developments
Loan Book Business
After careful evaluation, the Company has decided to cease new
credit offerings as of September 6,
2022. As of August 31, the
Company's total outstanding loan balance from the loan book
business was below RMB500 million,
with an average loan tenure of approximately three months. The
existing outstanding loans continue to generate revenue and will be
collected in an orderly manner. As a result of this business
adjustment, the Company expects its revenues to significantly
decline in the coming quarters compared with the previous
quarters.
QD Food Business
After assessing current market conditions, the Company has
decided to streamline its QD Food business. With the streamlining
in QD Food operations, the Company expects to incur employee
severance costs, termination fees for business partners and
inventory write offs, which may adversely affect its financial
condition and results of operations.
The Company will continue to explore
new business opportunities and protect long term value for its
shareholders.
Second Quarter Financial Results
Total revenues were RMB105.4 million (US$15.7
million), representing a decrease of 74.4% from RMB412.1 million for the second quarter of
2021.
Financing income totaled RMB66.2 million (US$9.9
million), representing a decrease of 78.8% from RMB311.8 million for the second quarter of 2021,
as a result of the decrease in the average on-balance sheet loan
balance.
Loan facilitation income and other related income
decreased by 47.6% to RMB6.6 million
(US$1.0 million) from RMB12.6 million for the second quarter of 2021,
as a result of the reduction in transaction volume of off-balance
sheet loans during this quarter.
Transaction services fee and other related income
decreased to RMB6.5 million
(US$1.0 million) from RMB38.5 million for the second quarter of 2021,
mainly as a result of the winding down of the transaction service
business.
Sales income and others decreased to RMB8.8 million (US$1.3
million), which was mainly attributable to sales income
generated by QD Food, from RMB23.7
million for the second quarter of 2021, which was mainly
attributable to sales generated by the Wanlimu e-commerce platform.
We have wound down the Wanlimu e-commerce platform.
Total operating costs and expenses increased to
RMB135.9 million (US$20.3 million) from RMB89.3 million for the second quarter of
2021.
Cost of revenues decreased by 36.7% to
RMB41.1 million (US$6.1 million) from RMB64.9 million for the second quarter of 2022,
primarily due to the decrease in cost of goods sold as a result of
the wind-down of the Wanlimu e-commerce platform, partially offset
by the cost of goods sold relating to QD Food.
Sales and marketing expenses increased by 82.6% to
RMB53.2 million (US$7.9 million) from RMB29.1 million for the second quarter of 2021,
primarily due to the increase in marketing expenses related to QD
Food.
General and administrative expenses decreased
by 68.1% to RMB34.8
million (US$5.2 million)
from RMB109.1 million for the second quarter of 2021,
primarily due to the downsizing of the WLM Kids business.
Research and development expenses decreased
by 52.1% to RMB18.8
million (US$2.8 million) from
RMB39.2 million for the second
quarter of 2021, as a result of the decrease in staff head count,
which led to a corresponding decrease in staff salaries.
Provision for receivables and other assets was a
reversal of RMB28.7
million (US$4.3 million) for the
second quarter of 2022, mainly due to the decrease in past-due
on-balance sheet outstanding principal receivables compared to the
second quarter of 2021
Impairment loss from long-lived assets was
RMB45.5 million (US$6.8 million) for this quarter, as a result of
the downsizing of the WLM Kids business.
As of June 30, 2022, the total balance of outstanding
principal and financing service fee receivables for on-balance
sheet transactions for which any installment payment was more than
30 calendar days past due was RMB124.0
million (US$18.5 million), and
the balance of allowance for principal and financing service fee
receivables at the end of the period was RMB147.2
million (US$22.0 million),
indicating M1+ Delinquency Coverage Ratio of 1.2x.
The following charts display the "vintage charge-off rate."
Total potential receivables at risk vintage charge-off rate refers
to, with respect to on- and off-balance sheet transactions
facilitated under the loan book business during a specified time
period, the total potential outstanding principal balance of the
transactions that are delinquent for more than 180 days up to
twelve months after origination, divided by the total initial
principal of the transactions facilitated in such vintage.
Delinquencies may increase or decrease after such 12-month
period.
Current receivables at risk vintage charge-off rate refers to,
with respect to on- and off-balance sheet transactions facilitated
under the loan book business during a specified time period, the
actual outstanding principal balance of the transactions that are
delinquent for more than 180 days up to twelve months after
origination, divided by the total initial principal of the
transactions facilitated in such vintage. Delinquencies may
increase or decrease after such 12-month period.
Total potential receivables at risk M1+ delinquency rate by
vintage refers to, with respect to on- and off-balance sheet
transactions facilitated under the loan book business during a
specified time period, the total potential outstanding principal
balance of the transactions that are delinquent for more than 30
days up to twelve months after origination, divided by the total
initial principal of the transactions facilitated in such vintage.
Delinquencies may increase or decrease after such 12-month
period.
Current receivables at risk M1+ delinquency rate by vintage
refers to, with respect to on- and off-balance sheet transactions
facilitated under the loan book business during a specified time
period, the actual outstanding principal balance of the
transactions that are delinquent for more than 30 days up to twelve
months after origination, divided by the total initial principal of
the transactions facilitated in such vintage. Delinquencies may
increase or decrease after such 12-month period.
Loss from operations was RMB29.4 million (US$4.4 million), compared to income from
operations of RMB327.2 million for
the second quarter of 2021.
Net loss attributable to
Qudian's shareholders was
RMB61.3 million (US$9.2 million), or net loss of RMB0.25 (US$0.04)
per diluted ADS.
Non-GAAP net loss attributable to Qudian's
shareholders was RMB52.8
million (US$7.9 million), or
Non-GAAP net loss of RMB0.21
(US$0.03) per diluted ADS.
Cash Flow
As of June 30, 2022, the Company
had cash and cash equivalents of RMB3,099.0
million (US$462.7 million) and
restricted cash of RMB257.8
million (US$38.5 million).
Restricted cash mainly represents security deposits held in
designated bank accounts for the guarantee of on-and-off balance
sheet transactions. Such restricted cash is not available to fund
the general liquidity needs of the Company.
For the second quarter of 2022, net cash used in operating
activities was RMB365.7 million (US$54.6 million), mainly due to the decrease in
other current and non-current assets. Net cash provided by
investing activities was RMB1,454.7 million (US$217.8 million), mainly due to the net proceeds
from the redemption of short-term investments. Net cash used
in financing activities was RMB227.3 million (US$33.9 million), mainly due to the repurchase of
ordinary shares and convertible senior notes.
Update on Share Repurchase and Convertible Bond
Repurchase
As of the date of this release, the Company has repurchased all
of the convertible senior notes of US$345
million. The Company has cumulatively completed total share
repurchases of approximately US$584.8
million.
About Qudian Inc.
Qudian Inc. ("Qudian") is a consumer-oriented technology
company in China. The Company historically focused on
providing credit solutions to consumers. Qudian is exploring
innovative consumer products and services to satisfy Chinese
consumers' fundamental and daily needs by leveraging its technology
capabilities. In March 2022, it launched a ready-to-cook meal
business catering to working-class consumers in China.
For more information, please
visit http://ir.qudian.com.
Use of Non-GAAP Financial Measures
We use adjusted net income/loss, a Non-GAAP financial measure,
in evaluating our operating results and for financial and
operational decision-making purposes. We believe that adjusted net
income/loss helps identify underlying trends in our business by
excluding the impact of share-based compensation expenses, which
are non-cash charges, and convertible bonds buyback income, which
is non-cash and non-recurring. We believe that
adjusted net income/loss provides useful information about our
operating results, enhances the overall understanding of our past
performance and future prospects and allows for greater visibility
with respect to key metrics used by our management in its financial
and operational decision-making.
Adjusted net income/loss is not defined under U.S. GAAP and is
not presented in accordance with U.S. GAAP. This Non-GAAP financial
measure has limitations as analytical tools, and when assessing our
operating performance, cash flows or our liquidity, investors
should not consider them in isolation, or as a substitute for net
loss /income, cash flows provided by operating activities or other
consolidated statements of operation and cash flow data prepared in
accordance with U.S. GAAP.
We mitigate these limitations by reconciling the Non-GAAP
financial measure to the most comparable U.S. GAAP performance
measure, all of which should be considered when evaluating our
performance.
For more information on this Non-GAAP financial measure, please
see the table captioned "Unaudited Reconciliation of GAAP and
Non-GAAP Results" set forth at the end of this press release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts
into U.S. dollars ("US$") at specified rates solely for the
convenience of the reader. Unless otherwise stated, all
translations from RMB to US$ were made at the rate
of RMB6.6981 to US$1.00, the noon buying rate in effect
on June 30, 2022 in the H.10
statistical release of the Federal Reserve Board. The Company makes
no representation that the RMB or US$ amounts referred could be
converted into US$ or RMB, as the case may be, at any particular
rate or at all.
Statement Regarding Preliminary Unaudited Financial
Information
The unaudited financial information set out in this earnings
release is preliminary and subject to potential adjustments.
Adjustments to the consolidated financial statements may be
identified when audit work has been performed for the Company's
year-end audit, which could result in significant differences from
this preliminary unaudited financial information.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates" and similar statements. Among
other things, the expectation of its collection efficiency and
delinquency, contain forward-looking statements. Qudian may also
make written or oral forward-looking statements in its periodic
reports to the SEC, in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about Qudian's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: Qudian's
goal and strategies; Qudian's expansion plans; Qudian's future
business development, financial condition and results of
operations; Qudian's expectations regarding demand for, and market
acceptance of, its products; Qudian's expectations regarding
keeping and strengthening its relationships with customers,
business partners and other parties it collaborates with; general
economic and business conditions; and assumptions underlying or
related to any of the foregoing. Further information regarding
these and other risks is included in Qudian's filings with the SEC.
All information provided in this press release and in the
attachments is as of the date of this press release, and Qudian
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
Qudian Inc.
Tel: +86-592-596-8208
E-mail: ir@qudian.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: qudian@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: qudian@tpg-ir.com
QUDIAN
INC.
|
Unaudited Condensed
Consolidated Statements of Operations
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June
30,
|
(In thousands except
for number
|
|
|
2021
|
|
2022
|
of shares and per-share
data)
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
Revenues:
|
|
|
|
|
|
|
|
Financing
income
|
|
|
311,755
|
|
66,231
|
|
9,888
|
Sales commission
fee
|
|
|
9,081
|
|
95
|
|
14
|
Sales income and
others
|
|
|
23,655
|
|
8,753
|
|
1,307
|
Penalty fee
|
|
|
16,569
|
|
17,297
|
|
2,582
|
Loan facilitation
income and other related income
|
|
|
12,565
|
|
6,589
|
|
984
|
Transaction services
fee and other related income
|
|
|
38,462
|
|
6,481
|
|
968
|
|
|
|
|
|
|
|
|
Total
revenues
|
|
|
412,087
|
|
105,446
|
|
15,743
|
|
|
|
|
|
|
|
|
Operating cost and
expenses:
|
|
|
|
|
|
|
|
Cost of
revenues
|
|
|
(64,890)
|
|
(41,083)
|
|
(6,134)
|
Sales and
marketing
|
|
|
(29,140)
|
|
(53,211)
|
|
(7,944)
|
General and
administrative
|
|
|
(109,112)
|
|
(34,828)
|
|
(5,200)
|
Research and
development
|
|
|
(39,204)
|
|
(18,774)
|
|
(2,803)
|
Changes in guarantee
liabilities and risk assurance liabilities(1)
|
|
|
55,624
|
|
28,839
|
|
4,306
|
Provision for
receivables and other assets
|
|
|
97,385
|
|
28,657
|
|
4,278
|
Impairment loss from
long-lived assets
|
|
|
-
|
|
(45,536)
|
|
(6,798)
|
Total operating cost
and expenses
|
|
|
(89,337)
|
|
(135,936)
|
|
(20,295)
|
Other operating
income
|
|
|
4,482
|
|
1,129
|
|
169
|
|
|
|
|
|
|
|
|
(Loss)/Income from
operations
|
|
|
327,232
|
|
(29,361)
|
|
(4,383)
|
Interest and investment
income, net
|
|
|
17,713
|
|
4,646
|
|
694
|
Loss from equity method
investments
|
|
|
-
|
|
(241)
|
|
(36)
|
Loss on derivative
instruments
|
|
|
-
|
|
(34,671)
|
|
(5,176)
|
Foreign exchange gain,
net
|
|
|
319
|
|
798
|
|
119
|
Other income
|
|
|
85
|
|
9,569
|
|
1,428
|
Other
expenses
|
|
|
(750)
|
|
(4,974)
|
|
(743)
|
|
|
|
|
|
|
|
|
Net (loss)/income
before income taxes
|
|
|
344,599
|
|
(54,234)
|
|
(8,097)
|
Income tax
expenses
|
|
|
(75,457)
|
|
(7,081)
|
|
(1,057)
|
|
|
|
|
|
|
|
|
Net
(loss)/income
|
|
|
269,142
|
|
(61,315)
|
|
(9,154)
|
Net (loss)/profit
attributable to non-
controlling interest shareholders
|
|
|
(805)
|
|
-
|
|
-
|
|
|
|
|
|
|
|
|
Net (loss)/income
attributable to Qudian
Inc.'s shareholders
|
|
|
269,947
|
|
(61,315)
|
|
(9,154)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/Earnings per
share for Class A and
Class B ordinary shares:
|
|
|
|
|
|
|
|
Basic
|
|
|
1.07
|
|
(0.25)
|
|
(0.04)
|
Diluted
|
|
|
1.03
|
|
(0.25)
|
|
(0.04)
|
|
|
|
|
|
|
|
|
(Loss)/Earnings per
ADS (1 Class A
ordinary share equals 1 ADSs):
|
|
|
|
|
|
|
|
Basic
|
|
|
1.07
|
|
(0.25)
|
|
(0.04)
|
Diluted
|
|
|
1.03
|
|
(0.25)
|
|
(0.04)
|
|
|
|
|
|
|
|
|
Weighted average number
of Class A
and Class B ordinary shares outstanding:
|
|
|
|
|
|
|
|
Basic
|
|
|
253,370,503
|
|
248,458,980
|
|
248,458,980
|
Diluted
|
|
|
266,973,780
|
|
253,530,688
|
|
253,530,688
|
|
|
|
|
|
|
|
|
Other comprehensive
(loss)/gain:
|
|
|
|
|
|
|
|
Foreign currency
translation adjustment
|
|
|
(7,087)
|
|
6,489
|
|
969
|
|
|
|
|
|
|
|
|
Total comprehensive
(loss)/income
|
|
|
262,055
|
|
(54,826)
|
|
(8,185)
|
Less: total
comprehensive loss attributable
to non-controlling interest shareholders
|
|
|
(805)
|
|
-
|
|
-
|
|
|
|
|
|
|
|
|
Total comprehensive
(loss)/income
attributable to Qudian Inc.'s
shareholders
|
|
|
262,860
|
|
(54,826)
|
|
(8,185)
|
|
|
|
|
|
|
|
|
Note:
(1):The amount includes the change in fair value of the guarantee
liabilities accounted in accordance with ASC
815,"Derivative",
and the change in risk assurance liabilities accounted in
accordance with ASC 450, "Contingencies" and ASC 460,
"Guarantees".
|
QUDIAN
INC.
|
Unaudited Condensed
Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of March
31,
|
|
As of June
30,
|
(In thousands except
for number
|
|
|
2022
|
|
2022
|
of shares and per-share
data)
|
|
|
(Unaudited)
|
|
(Unaudited)
|
(Unaudited)
|
|
|
|
RMB
|
|
RMB
|
US$
|
ASSETS:
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
2,245,403
|
|
3,098,964
|
462,663
|
Restricted
cash
|
|
|
229,130
|
|
257,792
|
38,487
|
Derivative
instruments-assets
|
|
|
11,289
|
|
8,665
|
1,294
|
Short-term
investments
|
|
|
6,036,136
|
|
5,070,080
|
756,943
|
Short-term loan
principal and financing service fee
receivables
|
|
|
1,319,751
|
|
556,095
|
83,023
|
Short-term
finance lease receivables
|
|
|
11,875
|
|
5,602
|
836
|
Short-term
contract assets
|
|
|
19,001
|
|
13,680
|
2,042
|
Other current
assets
|
|
|
1,941,411
|
|
2,654,670
|
396,332
|
Total current
assets
|
|
|
11,813,996
|
|
11,665,548
|
1,741,620
|
|
|
|
|
|
|
|
Non-current
assets:
|
|
|
|
|
|
|
Long-term finance
lease receivables
|
|
|
15
|
|
-
|
-
|
Operating lease
right-of-use assets
|
|
|
271,545
|
|
553,161
|
82,585
|
Investment in
equity method investee
|
|
|
119,038
|
|
119,777
|
17,882
|
Long-term
investments
|
|
|
268,921
|
|
249,257
|
37,213
|
Property and
equipment, net
|
|
|
643,734
|
|
696,128
|
103,929
|
Intangible
assets
|
|
|
11,070
|
|
11,232
|
1,677
|
Long-term
contract assets
|
|
|
1
|
|
-
|
-
|
Deferred tax
assets, net
|
|
|
51,706
|
|
35,831
|
5,349
|
Other non-current
assets
|
|
|
430,551
|
|
426,713
|
63,707
|
Total
non-current assets
|
|
|
1,796,581
|
|
2,092,099
|
312,342
|
|
|
|
|
|
|
|
TOTAL
ASSETS
|
|
|
13,610,577
|
|
13,757,647
|
2,053,962
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
QUDIAN
INC.
|
Unaudited Condensed
Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of March
31,
|
|
As of June
30,
|
(In thousands except
for number
|
|
|
2022
|
|
2022
|
of shares and per-share
data)
|
|
|
(Unaudited)
|
|
(Unaudited)
|
(Unaudited)
|
|
|
|
RMB
|
|
RMB
|
US$
|
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
Short-term
borrowings and interest payables
|
|
|
-
|
|
120,000
|
17,916
|
Short-term lease
liabilities
|
|
|
38,640
|
|
65,686
|
9,807
|
Convertible
senior notes-short term
|
|
|
-
|
|
133,962
|
20,000
|
Derivative
instruments-liability
|
|
|
-
|
|
77,377
|
11,552
|
Accrued expenses
and other current liabilities
|
|
|
387,372
|
|
527,450
|
78,746
|
Guarantee
liabilities and risk assurance liabilities(2)
|
|
|
658
|
|
275
|
42
|
Income tax
payable
|
|
|
115,016
|
|
47,396
|
7,076
|
Total current
liabilities
|
|
|
541,686
|
|
972,146
|
145,139
|
|
|
|
|
|
|
|
Non-current
liabilities:
|
|
|
|
|
Deferred tax
liabilities, net
|
|
|
85,495
|
|
90,795
|
13,555
|
Convertible
senior notes
|
|
|
300,312
|
|
-
|
-
|
Long-term lease
liabilities
|
|
|
160,679
|
|
388,474
|
57,998
|
Long-term
borrowings and interest payables
|
|
|
145,312
|
|
25,312
|
3,779
|
Other non-current
liabilities
|
|
|
629
|
|
-
|
-
|
|
|
|
|
|
|
|
Total
non-current liabilities
|
|
|
692,427
|
|
504,581
|
75,332
|
Total
liabilities
|
|
|
1,234,113
|
|
1,476,727
|
220,471
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholders'
equity:
|
|
|
|
|
|
|
Class A Ordinary
shares
|
|
|
132
|
|
132
|
20
|
Class B Ordinary
shares
|
|
|
44
|
|
44
|
7
|
Treasury
shares
|
|
|
(351,436)
|
|
(390,271)
|
(58,266)
|
Additional
paid-in capital
|
|
|
4,019,352
|
|
4,027,471
|
601,286
|
Accumulated other
comprehensive loss
|
|
|
(60,047)
|
|
(53,559)
|
(7,996)
|
Non-controlling
interests
|
|
|
6,765
|
|
-
|
-
|
Retained
earnings
|
|
|
8,761,654
|
|
8,697,103
|
1,298,440
|
|
|
|
|
|
|
|
Total
shareholders' equity
|
|
|
12,376,464
|
|
12,280,920
|
1,833,491
|
|
|
|
|
|
|
|
TOTAL LIABILITIES
AND SHAREHOLDERS'
EQUITY
|
|
|
13,610,577
|
|
13,757,647
|
2,053,962
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note:
(2) The amount includes the balance of the guarantee liabilities
accounted in accordance with ASC 815,"Derivative", and the balance
of risk
assurance liabilities accounted in accordance with ASC 450,
"Contingencies" and ASC 460, "Guarantees".
|
QUDIAN
INC.
|
Unaudited
Reconciliation of GAAP And Non-GAAP Results
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June
30,
|
|
|
|
2021
|
|
2022
|
(In thousands except
for number
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
of shares and per-share
data)
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net
(loss)/income attributable to Qudian Inc.'s
shareholders
|
|
|
269,947
|
|
(61,315)
|
|
(9,154)
|
Add: Share-based
compensation expenses
|
|
|
12,505
|
|
8,672
|
|
1,295
|
Less: Convertible bonds
buyback income
|
|
|
-
|
|
196
|
|
29
|
Non-GAAP net
(loss)/income attributable to Qudian Inc.'s
shareholders
|
|
|
282,452
|
|
(52,839)
|
|
(7,888)
|
|
|
|
|
|
|
|
|
Non-GAAP net
(loss)/income per share—basic
|
|
|
1.11
|
|
(0.21)
|
|
(0.03)
|
Non-GAAP net
(loss)/income per share—diluted
|
|
|
1.07
|
|
(0.21)
|
|
(0.03)
|
Weighted average shares
outstanding—basic
|
|
|
253,370,503
|
|
248,458,980
|
|
248,458,980
|
Weighted average shares
outstanding—diluted
|
|
|
266,973,780
|
|
253,530,688
|
|
253,530,688
|
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SOURCE Qudian Inc.