Dec. 2 at 8:37 PM
$QD Qudian’s Q3 2025 revenue plunged 85% YoY to ¥8.5M, mainly due to the closure of its last-mile delivery business, while costs fell slightly. Despite an operating loss of ¥110M, net profit soared 211% to ¥410M, driven by higher interest, investment, and derivatives income.