Quhuo Earnings Call Transcripts
Fiscal Year 2025
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Revenue declined 30.2% year-over-year to CNY 1.13 billion, with core delivery pressured by competition and restructuring, while housekeeping and accommodation grew 70.8%. Net loss widened to CNY 53 million, but new partnerships and business models are expected to drive future profitability.
Fiscal Year 2024
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2024 saw a strategic shift with revenue down 17.7% to RMB 3,046.8 million and adjusted EBITDA at RMB 9.1 million. Cost controls improved margins, while new partnerships and international expansion are set to drive future growth.
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Revenue declined 6.7% year-over-year to RMB 1.62 billion in H1 2024, with a net loss of RMB 46.5 million, but mobility services and international vehicle exports saw strong growth. The company plans to accelerate international expansion and optimize operations in H2 2024.