Qudian Inc. (QD), a consumer-oriented technology company in China, Thursday announced a narrower net loss for the fourth quarter, compared to the prior year. Revenues were reduced by 18.1 percent from the previous year.
The quarterly loss was RMB66.4 million or $9.1 million, compared to loss of RMB117.1 million for the same period of last year.
On a per ADS basis, net loss was RMB0.38 or $0.05. On an adjusted basis, fourth quarter net loss attributable to shareholders was RMB64.2 million or $8.8 million, compared to adjusted net loss of RMB116.6 million for the same period of last year. Adjusted net loss per ADS was RMB0.37 or $0.05 for the fourth quarter of 2024.
Total revenues declined 18.1 percent to RMB52.2 million or $7.2 million, from RMB63.8 million for the same period of last year.
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