Quhuo Limited (NASDAQ: QH) (“Quhuo,” the “Company,” “we” or “our”),
a leading tech-enabled workforce operational solution platform in
China, today announced its unaudited financial results for the
second quarter ended June 30, 2020.
Key Second Quarter 2020
Financial Highlights
- Revenues were
RMB547.6 million (US$77.5 million), representing a 33.5%
year-over-year increase and a 39.5% increase compared to the first
quarter of 2020.
- Gross profit was
RMB60.4 million (US$8.5 million), representing a 24.8%
year-over-year increase and a 441.7% increase compared to the first
quarter of 2020. Gross margin was 11.0%, relatively stable as
compared to 11.8% in the second quarter of 2019.
- Adjusted net
income was RMB21.0 million (US$3.0 million), compared with
an adjusted net loss of RMB20.3 million in the first quarter of
2020, and an adjusted net income of RMB29.9 million in the same
period last year.
- Adjusted EBITDA
was RMB40.3 million (US$5.7 million), relatively stable as compared
to the same period last year and representing a 487.7% increase
compared to the first quarter of 2020.
Second Quarter 2020 Operating
Highlights
- Sustained growth of
on-demand food delivery. The number of average monthly
delivery orders was 24.3 million, representing a 46.1% increase
from the same period last year and a 44.0% increase from the first
quarter of 2020. The Company’s core business has maintained growth
momentum throughout the COVID-19 pandemic.
- Expanded service
scope. The Company fulfilled a total of 345,000 delivery
orders for grocery and fresh food category, representing a 95.3%
increase the first quarter of 2020. The COVID-19 pandemic increased
demand for online grocery and fresh food shopping. In response, the
Company expanded its service scope to satisfy the increasing demand
for delivery service of grocery and fresh food for existing and new
industry customers.
- Continuing geographical
expansion. The number of delivery areas reached 952 by the
end of June 2020, representing a 62.2% increase from the same
period last year. The number of average monthly active workers was
40,721, representing a 57.6% increase from the same period last
year.
Leslie Yu, Chairman and Chief Executive Officer
of the Company, commented, “We are pleased to report strong
financial and operational growth for the second quarter of 2020, in
this our first earnings release as a public company. During the
second quarter, we increased the number of delivery areas to 952,
expanded our geographical coverage to 75 cities and extended our
service scope, all of which resulted in a larger customer base. As
the outbreak of COVID-19 intensified, we capitalized on the surge
in demand for local grocery and fresh food delivery services and
successfully penetrated a new market as we further diversify our
service offerings and maximize the efficiency of our platform. We
plan to explore more opportunities in other industries in which we
have existing operations, such as shared-bike maintenance,
housekeeping and ride-hailing, by cooperating with new blue-chip
industry customers.Going forward, we will continue to actively
expand our operations geographically, diversify our service
offerings and expand our industry customer base to lay a solid
foundation for future business growth. For example, we are
currently exploring partnership opportunities with hotel chains and
property management companies to provide them with housekeeping
solutions, and we expect to achieve significant business growth
through provision of those solutions in the third quarter.
Meanwhile, we will continue to focus on improving our operational
efficiency and flexibility in an effort to expand our margins as we
create long-term sustainable growth for shareholders.”
Second Quarter 2020 Financial Results
Revenues were RMB547.6 million (US$77.5
million), representing an increase of 33.5% year over year,
primarily due to the increase in revenues generated from on-demand
food delivery solutions.
- Revenues from on-demand food
delivery solutions were RMB541.3 million (US$76.6 million),
representing an increase of 34.8% from RMB401.7 million in the
second quarter of 2019, primarily due to the increase in delivery
orders fulfilled as a result of the continuing expansion into new
geographical markets and the rapid growth of new service offerings,
namely the grocery and fresh food delivery, which contributed
revenues of RMB2.6 million (US$362,000) in this quarter.
- Revenues from shared-bike
maintenance solutions were RMB4.6 million (US$651,000),
representing a decrease of 32.8% from RMB6.8 million in the second
quarter of 2019, primarily due to (1) the decrease in the
geographical coverage of the shared-bike maintenance solutions as
the Company strategically withdrew its operations from a few cities
where it underperformed, and (2) the adverse impact of the COVID-19
pandemic on the overall shared-bike business as a result of
government-mandated quarantine measures.
- Revenues from ride-hailing
solutions were RMB1.3 million (US$180,000), representing a decrease
of 16.7% from RMB1.5 million in the second quarter of 2019,
primarily due to the preferential rental policy the Company offered
to ride-hailing drivers on its platform during the COVID-19
outbreak, following the industry-wide relief measures.
- Revenues from housekeeping
solutions and other services were RMB379,000 (US$54,000),
representing an increase of 560.9% from RMB57,000 in the second
quarter of 2019, primarily due to the increases in the number of
the Company’s collaborated industry customers and service
offerings.
Cost of revenues were RMB487.2 million (US$69.0
million), representing an increase of 34.7% year over year,
primarily due to the increased cost of revenues from on-demand food
delivery solutions, ride-hailing solutions and housekeeping
solutions and other services.
- Cost of revenues related to
on-demand food delivery solutions was RMB480.3 million (US$68.0
million), representing an increase of 35.5% from RMB354.4 million
in the second quarter of 2019, primarily due to the increase in 1)
service fees paid to riders and team leaders in line with the
increase in the delivery orders fulfilled, 2) hiring expenses for
riders, 3) insurance expenses for riders and 4) rental fees paid to
lease the workplace for additional service stations.
- Cost of revenues related to
shared-bike maintenance solutions was RMB3.6 million (US$512,000),
representing a decrease of 39.4% from RMB6.0 million in the second
quarter of 2019, which was generally in line with the decline of
the business volume of shared-bike maintenance solutions.
- Cost of revenues related to
ride-hailing solutions was RMB2.9 million (US$409,000),
representing an increase of 121.8% from RMB1.3 million in the
second quarter of 2019, primarily due to the increase in the number
of vehicles leased from third parties.
- Cost of revenues related to
housekeeping solutions and other services increased significantly
to RMB459,000 (US$65,000) from RMB56,000 in the second quarter of
2019, primarily due to the increased service fees paid to workers
in line with the business growth.
Gross profit was RMB60.4 million (US$8.5
million), representing an increase of 24.8% year over year,
primarily due to the increase in gross profit of on-demand food
delivery solutions and shared-bike maintenance solutions.Gross
margin was 11.0%, compared with 11.8% for the second quarter of
2019.
- Gross margin of on-demand food
delivery solutions was 11.3%, a slight decrease compared with 11.8%
in the second quarter of 2019, primarily due to the increase in
hiring expenses, insurance expenses and rental fees as a percentage
of revenues.
- Gross margin of shared-bike
maintenance solutions was 21.4%, compared with 12.9% in the second
quarter of 2019, primarily because the Company withdrew its
operations from those cities where it underperformed.
- Gross margin of ride-hailing
solutions was negative 127.2%, compared with 14.6% in the second
quarter of 2019, primarily due to the reasons discussed above.
- Gross margin of house-keeping
solutions and other services was negative 21.1%, compared with 2.3%
in the second quarter of 2019, primarily due to the reasons
discussed above.
Operating expenses were RMB30.8 million (US$4.4
million), representing an increase of 38.0% year over year.
- General and administrative expenses
were RMB29.5 million (US$4.2 million) (including share-based
compensation of RMB1.3 million), representing an increase of 32.9%
from RMB22.2 million (including share-based compensation of RMB3.4
million) in the second quarter of 2019. The increase was primarily
due to the (1) the increase in staff costs as a result of an
increased number of operating staffs, (2) the increase in
professional service fees related to the Company’s IPO, and (3)
losses incurred relating to a law suit. Excluding the effect of
share-based compensation, professional service fees related to the
IPO and losses incurred relating to a law suit, the general and
administrative expenses would have increased by 25.6% from RMB 18.1
million in the second quarter of 2019 and, as a percentage of
revenues, would have declined to 4.1% from 4.4% in the second
quarter of 2019. As such, the Company obtained unit cost savings
along with business growth.
- Research and development expenses
were RMB2.7 million (US$387,000), which remained relatively stable
as compared to RMB2.7 million in the second quarter of 2019.
Income tax expense was RMB11.5 million (US$1.6
million), representing an increase of 43.7% from RMB8.0 million in
the second quarter of 2019, primarily due to the increase in the
taxable income generated from on-demand food delivery solutions.Net
income was RMB19.7 million (US$2.8 million), representing a
decrease of 25.6% from RMB26.4 million in the second quarter of
2019.Adjusted EBITDA was RMB40.3 million (US$5.7 million),
relatively stable as compared to RMB42.1 million in the second
quarter of 2019.(1)Adjusted net income was RMB21.0 million (US$3.0
million), representing a decrease of 29.8% from RMB29.9 million in
the second quarter of 2019.(1)
_____________
(1) See “Use of Non-GAAP Financial
Measures.”Balance SheetAs of June 30, 2020, the
Company had cash and short-term investments of RMB155.1 million
(US$22.0 million) and short-term debt of RMB113.3 million (US$16.0
million).
CONFERENCE CALL
Quhuo will hold a conference call on Thursday,
August 27, 2020 at 8:00 a.m. U.S. Eastern Time (8:00 p.m.
Beijing/Hong Kong time on the same day) to discuss the financial
results.
Participant can register for the conference call
by navigating to
http://apac.directeventreg.com/registration/event/3478235. Once
preregistration has been completed, participants will receive
dial-in numbers, a direct event passcode, and a unique registrant
ID.
To join the conference, please dial the number
you receive, enter the direct event passcode followed by your
unique registrant ID, and you will be joined to the conference
instantly.
A live and archived webcast of the conference
call will also be available at the Company's investor relations
website at https://ir.quhuo.cn/.
A replay will be accessible through 9:59 a.m.
Eastern Time on September 4, 2020 by dialing the following
numbers:
United States: +1-646-254-3697International:
+61-2-8199-0299China Domestic: 400-6322-162Hong Kong:
+852-3051-2780Conference ID: 3478235#
USE OF NON-GAAP FINANCIAL
MEASURES
Quhuo has provided in this press release financial
information that has not been prepared in accordance with generally
accepted accounting principles in the United States (GAAP).
Quhuo uses adjusted net income (loss) and adjusted
EBITDA, which are non-GAAP financial measures, in evaluating our
operating results and for financial and operational decision-making
purposes. Adjusted net income (loss) represents net income (loss)
before share-based compensation expenses. Adjusted EBITDA
represents adjusted net income(loss) before income tax
benefit(expense), amortization, depreciation and interest. Quhuo
believes that these non-GAAP financial measures help identify
underlying trends in its business that could otherwise be distorted
by the effect of share-based compensation expenses, income tax
benefits or expenses, amortization, depreciation and interest.
Quhuo believes that such non-GAAP financial measures also provide
useful information about its operating results, enhance the overall
understanding of its past performance and future prospects and
allow for greater visibility with respect to key metrics used by
its management in its financial and operational
decision-making.
The non-GAAP financial measures are not defined
under U.S. GAAP and are not presented in accordance with U.S. GAAP.
They should not be considered in isolation or construed as
alternatives to net loss or any other measure of performance or as
an indicator of Quhuo’s operating performance. Further, these
non-GAAP financial measures may not be comparable to similarly
titled measures presented by other companies. Other companies may
calculate similarly titled measures differently, limiting their
usefulness as comparative measures to the Company’s data. Quhuo
encourages investors and others to review the Company’s financial
information in its entirety and not rely on a single financial
measure. Investors are encouraged to compare the historical
non-GAAP financial measures with the most directly comparable GAAP
measures. Quhuo mitigates these limitations by reconciling the
non-GAAP financial measures to the most comparable U.S. GAAP
performance measures, all of which should be considered when
evaluating its performance. The following table sets forth a
reconciliation of our net income (loss) to adjusted net income and
adjusted EBITDA, respectively.
Reconciliation of GAAP and Non-GAAP Results |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended |
|
For the Six Months Ended |
|
|
June
30,2019 |
|
June
30,2020 |
|
June
30,2020 |
|
June
30,2019 |
|
June
30,2020 |
|
June
30,2020 |
|
|
(RMB’000) |
|
(RMB’000) |
|
(US$’000) |
|
(RMB’000) |
|
(RMB’000) |
|
(US$’000) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
26,447 |
|
|
19,680 |
|
|
2,784 |
|
|
(19,920) |
|
|
(1,899) |
|
|
(269) |
|
Less:
Share-based Compensation |
|
(3,443) |
|
|
(1,290) |
|
|
(183) |
|
|
(57,480) |
|
|
(2,580) |
|
|
(365) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net income |
|
29,890 |
|
|
20,970 |
|
|
2,967 |
|
|
37,560 |
|
|
681 |
|
|
96 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less: Income
tax expense |
|
(8,017) |
|
|
(11,518) |
|
|
(1,630) |
|
|
(9,011) |
|
|
(14,436) |
|
|
(2,043) |
|
Depreciation |
|
(685) |
|
|
(2,640) |
|
|
(374) |
|
|
(1,325) |
|
|
(4,113) |
|
|
(582) |
|
Amortization |
|
(2,902) |
|
|
(2,977) |
|
|
(421) |
|
|
(5,485) |
|
|
(6,033) |
|
|
(854) |
|
Interest |
|
(648) |
|
|
(2,223) |
|
|
(315) |
|
|
(1,987) |
|
|
(4,663) |
|
|
(660) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA |
|
42,142 |
|
|
40,328 |
|
|
5,707 |
|
|
55,368 |
|
|
29,926 |
|
|
4,235 |
|
EXCHANGE RATE INFORMATION
This press release contains translations of certain RMB amounts
into U.S. dollars at a specified rate solely for the convenience of
the reader. Unless otherwise noted, all translations from RMB to
U.S. dollars are made at a rate of RMB 7.0651 to US$1.00, the rate
in effect as of June 30, 2020 as set forth in the H.10 statistical
release of the Federal Reserve Board. The Company makes no
representation that the RMB or US$ amounts referred could be
converted into US$ or RMB, as the case may be, at any particular
rate or at all.
SAFE HARBOR STATEMENT
This press release contains ‘‘forward-looking
statements’’ within the meaning of Section 27A of the Securities
Act of 1933, as amended and Section 21E of the Securities Exchange
Act of 1934, as amended and the Private Securities Litigation
Reform Act of 1995. All statements other than statements of
historical or current fact included in this press release are
forward-looking statements, including but not limited to statements
regarding Quhuo’s financial outlook, beliefs and expectations.
Forward-looking statements include statements containing words such
as “expect,” “anticipate,” “believe,” “project,” “will” and similar
expressions intended to identify forward-looking statements. Among
other things, the guidance on [the total revenues] of the third
quarter of 2020 in this press release contain forward-looking
statements. These forward-looking statements are based on Quhuo’s
current expectations and involve risks and uncertainties. Quhuo’s
actual results and the timing of events could differ materially
from those anticipated in such forward-looking statements as a
result of these risks and uncertainties, which include, without
limitation, risks related to Quhuo’s abilities to (1) address any
or all of the risks and challenges in the future in light of its
limited operating history and evolving business portfolios, (2)
remain its competitive position in the on-demand food delivery
market or further diversify its solution offerings, (3) maintain
relationships with major customers and to find replacement
customers on commercially desirable terms or in a timely manner or
at all, (4) maintain relationship with existing industry customers
or attract new customers, (5) attract, retain and manage workers on
its platform, and (6) maintain its market shares to competitors in
existing markets and its success in expansion into new markets, as
well as the length and severity of the recent COVID-19 outbreak and
its impact on Quhuo’s business and industry. Other risks and
uncertainties are included under the caption “Risk Factors” and
elsewhere in the Company’s filings with the Securities and Exchange
Commission, including, without limitation, the final prospectus
related to the IPO filed with the SEC on July 10, 2020. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
All forward-looking statements are qualified in their entirety by
this cautionary statement, and Quhuo undertakes no obligation to
revise or update any forward-looking statements to reflect events
or circumstances after the date hereof.
ABOUT QUHUO LIMITED
Quhuo Limited (NASDAQ: QH) was the largest
workforce operational solution platform in China in 2019*. Quhuo
provides tech-enabled, end-to-end operational solutions to
blue-chip on-demand consumer service businesses in industries with
significant e-commerce exposure, including food delivery,
ride-hailing, housekeeping and bike-sharing. Quhuo’s platform helps
its industry customers mobilize a large team of workers and
utilizes a combination of training, performance monitoring and
refinement, and incentives to transform them into skilled workers
who can follow industry-specific, standardized and highly efficient
service procedures. Within the on-demand consumer service
ecosystem, the Company plays a unique and indispensable role as the
link between consumer service businesses and the end consumers to
enable the delivery of goods, services and experiences to
consumers.
* According to an industry report prepared by
Frost & Sullivan in 2019, as measured by the number of average
monthly active workers in 2019.
For more information about Quhuo, please visit
https://ir.quhuo.cn/.
CONTACTS:
Investor RelationsQuhuo
LimitedAnnia SunE-mail: ir@meishisong.cn
ChristensenIn ChinaMr. Eric YuanPhone:
+86-13801110739E-mail: Eyuan@christensenir.com
In USMs. Linda BergkampPhone:
+1-480-614-3004E-mail: lbergkamp@christensenir.com
QUHUO LIMITED |
UNAUDITED CONDENSED CONSOLIDATED BALANCE
SHEETS |
(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”),
except for number of shares and per share data) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2019 |
|
As of June 30, 2020 |
|
|
(RMB) |
|
(RMB) |
|
(US$) |
Assets |
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
Cash |
|
126,779 |
|
107,676 |
|
15,241 |
Short-term investments |
|
56,275 |
|
47,428 |
|
6,713 |
Accounts receivable, net of allowance |
|
276,966 |
|
220,615 |
|
31,226 |
Prepayments and other current assets |
|
43,058 |
|
43,199 |
|
6,114 |
Amounts due from related parties |
|
18,392 |
|
- |
|
- |
Total current assets |
|
521,470 |
|
418,918 |
|
59,294 |
|
|
|
|
|
|
|
Non-current assets |
|
|
|
|
|
|
Property and equipment, net |
|
25,632 |
|
28,462 |
|
4,029 |
Intangible assets, net |
|
66,818 |
|
70,745 |
|
10,013 |
Long-term investments |
|
1,715 |
|
1,065 |
|
151 |
Goodwill |
|
26,231 |
|
26,231 |
|
3,713 |
Deferred tax assets |
|
3,893 |
|
2,389 |
|
338 |
Other non-current assets |
|
98,137 |
|
85,987 |
|
12,171 |
Total non-current assets |
|
222,426 |
|
214,879 |
|
30,415 |
|
|
|
|
|
|
|
TOTAL ASSETS |
|
743,896 |
|
633,797 |
|
89,709 |
|
|
|
|
|
|
|
Liabilities, mezzanine equity and shareholders’
deficit |
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
Accounts payable |
|
232,276 |
|
156,016 |
|
22,083 |
Accrued expenses and other current liabilities |
|
75,825 |
|
74,196 |
|
10,504 |
Short-term debt |
|
143,979 |
|
113,348 |
|
16,043 |
Amounts due to a related party |
|
- |
|
3,134 |
|
444 |
Total current liabilities |
|
452,080 |
|
346,694 |
|
49,074 |
|
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
|
Deferred tax liabilities |
|
2,556 |
|
2,263 |
|
320 |
Long-term debt |
|
11,942 |
|
8,652 |
|
1,225 |
Other non-current liabilities |
|
22,766 |
|
20,244 |
|
2,865 |
Total non-current liabilities |
|
37,264 |
|
31,159 |
|
4,410 |
|
|
|
|
|
|
|
Total liabilities |
|
489,344 |
|
377,853 |
|
53,484 |
|
|
|
|
|
|
|
Total mezzanine equity |
|
1,031,001 |
|
1,031,001 |
|
145,928 |
|
|
|
|
|
|
|
QUHUO LIMITED |
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(CONTINUED) |
(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”),
except for number of shares and per share data) |
|
|
|
|
|
|
|
|
|
As of December 31, 2019 |
|
As of June 30, 2020 |
|
|
(RMB) |
|
(RMB) |
|
(US$) |
Shareholders’ deficit |
|
|
|
|
|
|
Ordinary shares |
|
17 |
|
|
17 |
|
|
2 |
|
Additional paid-in capital |
|
434,151 |
|
|
436,731 |
|
|
61,815 |
|
Accumulated deficit |
|
(1,212,257) |
|
|
(1,211,200) |
|
|
(171,434) |
|
Accumulated other comprehensive loss |
|
(1,231) |
|
|
(520) |
|
|
(74) |
|
Total Quhuo Limited shareholders’ deficit |
|
(779,320) |
|
|
(774,972) |
|
|
(109,691) |
|
Non-controlling interests |
|
2,871 |
|
|
(85) |
|
|
(12) |
|
Total shareholders’ deficit |
|
(776,449) |
|
|
(775,057) |
|
|
(109,703) |
|
|
|
|
|
|
|
|
Total liabilities, mezzanine equity and shareholders’
deficit |
|
743,896 |
|
|
633,797 |
|
|
89,709 |
|
|
|
|
|
|
|
|
|
|
|
QUHUO LIMITED |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE INCOME(LOSS) |
(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”),
except for number of shares and per share data) |
|
|
|
|
|
|
|
For the Three Months Ended |
|
For the Six Months Ended |
|
|
June 30, 2019 |
|
June 30, 2020 |
|
June 30, 2020 |
|
June 30, 2019 |
|
June 30, 2020 |
|
June 30, 2020 |
|
|
(RMB) |
|
(RMB) |
|
(US$) |
|
(RMB) |
|
(RMB) |
|
(US$) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
410,122 |
|
|
547,577 |
|
|
77,504 |
|
|
758,798 |
|
|
940,195 |
|
|
133,076 |
|
Cost of revenues |
|
(361,758) |
|
|
(487,224) |
|
|
(68,962) |
|
|
(687,131) |
|
|
(868,700) |
|
|
(122,957) |
|
Gross profit |
|
48,364 |
|
|
60,353 |
|
|
8,542 |
|
|
71,667 |
|
|
71,495 |
|
|
10,119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
General and administrative |
|
(22,189) |
|
|
(29,487) |
|
|
(4,174) |
|
|
(93,907) |
|
|
(57,014) |
|
|
(8,070) |
|
Research and development |
|
(2,732) |
|
|
(2,732) |
|
|
(387) |
|
|
(4,395) |
|
|
(5,317) |
|
|
(753) |
|
Gains on disposal of intangible assets, net |
|
2,610 |
|
|
1,437 |
|
|
203 |
|
|
3,663 |
|
|
1,292 |
|
|
183 |
|
Total operating expenses |
|
(22,311) |
|
|
(30,782) |
|
|
(4,358) |
|
|
(94,639) |
|
|
(61,039) |
|
|
(8,640) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss) |
|
26,053 |
|
|
29,571 |
|
|
4,184 |
|
|
(22,972) |
|
|
10,456 |
|
|
1,479 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
8 |
|
|
254 |
|
|
36 |
|
|
10 |
|
|
515 |
|
|
73 |
|
Interest expense |
|
(648) |
|
|
(2,223) |
|
|
(315) |
|
|
(1,987) |
|
|
(4,663) |
|
|
(660) |
|
Other income, net |
|
9,062 |
|
|
3,601 |
|
|
510 |
|
|
13,918 |
|
|
6,930 |
|
|
981 |
|
Share of net income from equity method investees |
- |
|
|
- |
|
|
- |
|
|
162 |
|
|
- |
|
|
- |
|
Foreign exchange loss |
|
(11) |
|
|
(5) |
|
|
(1) |
|
|
(40) |
|
|
(701) |
|
|
(99) |
|
Income (loss) before income tax |
|
34,464 |
|
|
31,198 |
|
|
4,414 |
|
|
(10,909) |
|
|
12,537 |
|
|
1,774 |
|
Income tax expense |
|
(8,017) |
|
|
(11,518) |
|
|
(1,630) |
|
|
(9,011) |
|
|
(14,436) |
|
|
(2,043) |
|
Net income (loss) |
|
26,447 |
|
|
19,680 |
|
|
2,784 |
|
|
(19,920) |
|
|
(1,899) |
|
|
(269) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable to non-controlling interests |
177 |
|
|
980 |
|
|
139 |
|
|
1,271 |
|
|
2,956 |
|
|
418 |
|
Net income (loss) attributable to ordinary shareholders of
Quhuo Limited |
26,624 |
|
|
20,660 |
|
|
2,923 |
|
|
(18,649) |
|
|
1,057 |
|
|
149 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) per share |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
0.68 |
|
|
0.53 |
|
|
0.07 |
|
|
(1.25) |
|
|
0.03 |
|
|
0.00 |
|
Diluted |
|
0.59 |
|
|
0.53 |
|
|
0.07 |
|
|
(1.25) |
|
|
0.03 |
|
|
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares used in income (loss) per share
computation |
|
|
|
|
|
|
|
|
|
|
Basic |
|
14,972,760 |
|
|
14,972,760 |
|
|
14,972,760 |
|
|
14,972,760 |
|
|
14,972,760 |
|
|
14,972,760 |
|
Diluted |
|
44,872,963 |
|
|
39,103,860 |
|
|
39,103,860 |
|
|
14,972,760 |
|
|
39,103,860 |
|
|
39,103,860 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income: |
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustment: |
|
- |
|
|
63 |
|
|
9 |
|
|
- |
|
|
711 |
|
|
101 |
|
Comprehensive income (loss) |
|
26,447 |
|
|
19,743 |
|
|
2,793 |
|
|
(19,920) |
|
|
(1,188) |
|
|
(168) |
|
Less: Comprehensive loss attributable to non-controlling
interests |
177 |
|
|
980 |
|
|
139 |
|
|
1,271 |
|
|
2,956 |
|
|
418 |
|
Comprehensive income (loss) attributable to ordinary
shareholders of Quhuo Limited |
26,624 |
|
|
20,723 |
|
|
2,932 |
|
|
(18,649) |
|
|
1,768 |
|
|
250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quhuo (NASDAQ:QH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Quhuo (NASDAQ:QH)
Historical Stock Chart
From Apr 2023 to Apr 2024