Qudian (QD) has released an update.
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Qudian Inc. reported a significant turnaround in its third quarter 2024 financial results, showing a net income of RMB131.9 million compared to a net loss in the previous year. The company’s last-mile delivery business contributed substantially to its revenue increase, highlighting its strategic shift and ability to tap into growing e-commerce demands. Additionally, Qudian has been actively repurchasing shares, indicating a strong financial position and commitment to shareholder value.
For further insights into QD stock, check out TipRanks’ Stock Analysis page.
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