QH

BEIJING, April 2, 2026 /PRNewswire/ -- Quhuo Limited (Nasdaq: QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months and full year ended December 31, 2025. Financial and Operational Highlights for the Second Half of 2025 Revenues from housekeeping and accommodation solutions and other services were RMB45.7 million (US$6.5 million), representing a year-over-year increase of 99.8% from RMB22.9 million. Gross profit of vehicle export solutions was RMB12.6 million (US$1.8 million), representing a year-over-year increase of 327.9% from RMB2.9 million. Gross profit of housekeeping and accommodation solutions and other services was RMB14.8 million (US$2.1 million), representing a year-over-year increase of 38.2% from RMB10.7 million. Gross profit margin of mobility solution services was 21.2%, compared with 4.6% in the second half of 2024. Financial and Operational Highlights for Full Year 2025 Revenues from housekeeping and accommodation solutions and other services were RMB76.0 million (US$10.9 million), representing a year-over-year increase of 75.9% from RMB43.2 million. Gross profit of vehicle export solutions was RMB15.5 million (US$2.2 million), representing a year-over-year increase of 187.4% from RMB5.4 million. Gross profit of housekeeping and accommodation solutions and other services was RMB18.3 million (US$2.6 million), representing a year-over-year increase of 16.6% from RMB15.7 million. Gross profit margin of mobility solution services was 11.2%, compared with 2.9% in 2024. Mr. Leslie Yu, Quhuo's Chairman and Chief Executive Officer, said, "Throughout 2025, amid a continuously evolving operating environment, Quhuo remained focused on optimizing its business structure and upgrading its capabilities. We made solid progress in cultivating emerging businesses, adjusting our core operations, and advancing technology initiatives, laying the groundwork for higher-quality growth in the future. Our housekeeping and accommodation services became a new growth highlight. The continued development of Chengtu Homestay, LaiLai hotel services and our cooperation projects with Beike further validated our platform-based and standardized capabilities in accommodation and housing-related service scenarios, driving growth in both revenue and profitability. Meanwhile, our cross-border used vehicle export business continued to move toward a more mature stage of development. As early-stage channel development and onboarding costs were gradually absorbed, the operating quality of this business improved steadily, with gross profit increasing significantly, further demonstrating the Company's international growth potential. In our on-demand delivery business, the Company experienced pressure from industry competition and market dynamics during the year. In response, we launched a major business reorganization and management restructuring in October 2025. As these measures have been progressively implemented, expense ratios have declined significantly, and we expect business efficiency and profitability to improve more visibly beginning in the second quarter of 2026. At the same time, we have taken proactive measures to strengthen our management processes and internal control infrastructure as part of our broader effort to enhance operating discipline. Since the fourth quarter of 2025, we have enhanced our internal audit capabilities, increased management oversight, and improved monitoring procedures over key business and financial reporting processes. These efforts have already contributed to better cost discipline, stronger operational transparency and improved execution, and we expect the benefits of these enhancements to continue as they become further embedded across the organization. Behind these developments is the deeper integration of technology and operations. We are actively applying AI agents in homestay operations and used vehicle export platform. In our homestay business, AI agents support dynamic pricing, price monitoring and listing management to improve operating efficiency. In our used vehicle export business, AI agents are used for vehicle sourcing monitoring and matching, document recognition and processing, vehicle inspection, inventory-demand matching, and procurement and refurbishment planning, thereby improving transaction efficiency and operational effectiveness. Looking ahead, we will continue to enhance our operating quality and platform capabilities to create long-term value for shareholders and society." Unaudited Financial Results of the Second Half of 2025 Total revenues were RMB1,394.5 million (US$199.4 million), compared with total revenues of RMB1,426.9 million in the second half of 2024, representing a slight decrease of 2.3%. Revenues from on-demand food delivery solutions were RMB1,290.3 million (US$184.5 million), compared with RMB1,329.4 million in the second half of 2024, representing a slight decrease of 2.9%. The decrease was primarily because we optimized our business by disposing of several underperforming service stations in 2024, which led to a decrease in revenue scale. Increased order volume driven by intensified market competition primarily resulting from delivery platforms aggressively capturing market share, resulting in an increased total market size in the second half of 2025 partially offset such decline. Revenues from mobility service solutions, consisting of shared-bike maintenance, ride-hailing and vehicle export solutions, were RMB58.4 million (US$8.4 million), compared with RMB74.7 million in the second half of 2024, representing a decrease of 21.7%. The decrease was primarily due to the optimization of our business by ceasing our ride-hailing solutions services in several underperforming service cities. Revenues from housekeeping and accommodation solutions and other services were RMB45.7 million (US$6.5 million), representing a sharp increase of 99.8% from RMB22.9 million in the second half of 2024, primarily due to the adoption of online promotion channels in addition to traditional platform-based customer acquisition. Cost of revenues was RMB1,386.2 million (US$198.2 million), representing a year-over-year increase of 0.6%, primarily attributable to the increase in our labor costs to fulfill higher order volume amid intensified market competition. General and administrative expenses were RMB111.5million (US$15.9 million), representing an increase of 43.3% from RMB77.8 million in the second half of 2024, primarily attributable to (i) provision for credit loss of long-term receivable from a third party of RMB25.6 million (US$3.7 million), (ii) share-based compensation expenses of RMB3.0 million (US$0.4 million), (iii)an increase of welfare and business development expenses and office expenses of RMB2.4 million (US$0.3 million), resulting from the expansion into new cities for our housekeeping services. Research and development expenses were RMB3.5 million (US$0.5 million), representing a decrease of 38.7% from RMB5.8 million in the second half of 2024, primarily due to the decrease in the average compensation level for our research and development personnel as we restructured our R&D team. We recorded gain on disposal of assets, net, of RMB68.2 million and loss on disposal of assets, net, of RMB1.3 million (US$0.2 million) in the second half of 2024 and 2025, respectively, primarily due to the transfer of certain long-term assets to third parties. Our interest expense remained stable at RMB2.0 million (US$0.3 million) and RMB1.8 million for the second half of 2025 and 2024, respectively, primarily relating to the stability in our average short-term bank borrowings. We recorded other losses, net, of RMB1.2 million (US$0.2 million) in the second half of 2025, compared to other income, net, of RMB0.4 million in the second half of 2024. Income tax benefit was RMB13.9 million (US$2.0 million), as compared to income tax benefit of RMB15.7 million in the second half of 2024, primarily because we reversed certain previously unrecognized tax benefits relating to prior years once the applicable statute of limitations expired. Net loss attributable to Quhuo Limited was RMB97.5 million (US$13.9 million), compared with net income attributable to Quhuo Limited of RMB48.1 million in the second half of 2024. Adjusted EBITDA loss was RMB99.2 million (US$14.2 million), compared with adjusted EBITDA of RMB43.8 million in the second half of 2024. (1) Adjusted net loss was RMB94.5 million (US$13.5 million), compared to the adjusted net income of RMB48.1 million in the second half of 2024. (1) Unaudited Financial Results of Full Year 2025 Total revenues were RMB2,525.9 million (US$361.2 million), a decrease of 17.1%, compared with total revenues of RMB3,046.9 million in 2024. Revenues from on-demand food delivery solutions were RMB2,334.2 million (US$333.8 million), compared with RMB2,828.5 million in 2024, representing a decrease of 17.5%. The decrease was primarily because we optimized our business by disposing of several underperforming service stations in 2024, which led to a decrease in revenue scale. Revenues from mobility service solutions were RMB115.7 million (US$16.5 million), compared with RMB175.1 million in 2024, representing a decrease of 34.0%. The decrease was primarily due to (i) a decrease in vehicle sales volume in our vehicle export solutions business as a result of the introduction of a new business model and a decrease in vehicle purchases for sale, and (ii) the optimization of our business by ceasing our ride-hailing solutions services from several underperforming service cities. Revenues from housekeeping and accommodation solutions and other services were RMB76.0 million (US$10.9 million), an increase of 75.9%, compared with RMB43.2 million in 2024, primarily due to the adoption of online promotion channels in addition to traditional platform-based customer acquisition. Cost of revenues was RMB2,513.5 million (US$359.4 million), representing a year-over-year decrease of 15.5%, generally in line with the decrease in our total revenues. General and administrative expenses were RMB187.8 million (US$26.9 million) in 2025, representing an increase of 26.3% from RMB148.6 million in 2024, primarily attributable to (i) provision for credit loss of long-term receivables from a third party of RMB25.6 million (US$3.7 million), (ii) an increase of professional service fees from RMB37.2 million in 2024 to RMB44.0 million (US$6.3 million) in 2025, due to ADS issuance costs we incurred in 2025 of RMB13.1 million (US$1.9 million), (iii) an increase of welfare and business development expenses and office expenses from RMB28.4 million in 2024 to RMB33.5 million (US$4.8 million) in 2025, resulting from the expansion into new cities for our housekeeping services, and (iv) share-based compensation expenses of RMB3.0 million (US$0.4 million). Research and development expenses were RMB 7.1 million (US$1.0 million) in 2025, representing a decrease of 33.5% from RMB 10.7 million in 2024, primarily due to the decrease in the average compensation level for our research and development personnel as we restructured our R&D team. We recorded gain on disposal of assets, net, of RMB75.2 million and RMB4.4 million (US$0.6 million) in 2024 and 2025, respectively, primarily due to the disposal of certain underperforming service stations to third parties in 2024. Our interest expense remained stable at RMB4.2 million (US$0.6 million) and RMB4.1 million in 2025 and 2024, respectively, primarily relating to the stability in our average short-term bank borrowings. Income tax benefit was RMB31.8 million (US$4.5 million) in 2025, as compared to RMB18.3 million in 2024, primarily because we reversed certain previously unrecognized tax benefits relating to prior years once the applicable statute of limitations expired. Net loss attributable to Quhuo Limited was RMB150.5 million (US$21.5 million) in 2025, as compared to net income of RMB1.6 million in 2024. Adjusted EBITDA loss was RMB159.4 million (US$22.8 million) in 2025, as compared to adjusted EBITDA of RMB9.1 million in 2024.(1) Adjusted net loss was RMB147.5 million (US$21.1 million) in 2025, as compared to adjust net income of RMB1.6 million in 2024. (1) _____________ Balance Sheet As of December 31, 2025, the Company had cash, cash equivalents and restricted cash of RMB40.0 million (US$5.7 million) and short-term debt of RMB113.4 million (US$16.2 million). 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 its 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 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 income/loss or any other performance measures 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. For more information on this Non-GAAP financial measure, please see the table captioned "Unaudited Reconciliations of GAAP and Non-GAAP results" set forth below. EXCHANGE RATE INFORMATION This press release contains translations of certain Renminbi amounts into U.S. dollars at a specified rate solely for readers' convenience. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.9931 to US$1.00, the rate in effect as of December 31, 2025 as set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollar amounts referred could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all. ABOUT QUHUO LIMITED Quhuo Limited is a leading gig economy platform focusing on local life services in China. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering and linking workers and local life service providers and providing end-to-end operation solutions for the life service market. The Company currently provides multiple industry-tailored operational solutions, primarily including on-demand delivery solutions, mobility service solutions, housekeeping and accommodation solutions, and other services, meeting the living needs of hundreds of millions of families in the communities. With the vision of promoting employment, stabilizing income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote employment of workers, provides, among others, safety and security and vocational training to protect workers, and helps workers plan their career development paths to realize their self-worth. 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 business development, 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. 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 and uncertainties related to Quhuo's abilities to (1) manage its growth and expand its operations, (2) address any or all of the risks and challenges in the future in light of its limited operating history and evolving business portfolios, (3) remain its competitive position in the on-demand food delivery market or further diversify its solution offerings and customer portfolio, (4) maintain relationships with major customers and to find replacement customers on commercially desirable terms or in a timely manner or at all, (5) maintain relationship with existing industry customers or attract new customers, (6) attract, retain and manage workers on its platform, and (7) maintain its market shares to competitors in existing markets and its success in expansion into new markets. 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 Company's latest annual report on Form 20-F. 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. For more information about Quhuo, please visit https://ir.quhuo.cn/. View original content:https://www.prnewswire.com/news-releases/quhuo-reports-financial-results-for-the-second-half-and-full-year-2025-302733117.html

This article first appeared on GuruFocus. Total Revenue: RMB1,131 million, a decrease of 30.2% from RMB1,619 million in the first half of 2024. On-Demand Delivery Revenue: RMB1,039 million, down 30.7% from RMB1,499 million in the first half of 2024. Mobility Service Solutions Revenue: RMB57.4 million, a decrease of 42.8% from RMB100.5 million in the first half of 2024. Housekeeping and Accommodation Solutions Revenue: RMB34.8 million, an increase of 70.8% from RMB20.4 million in the first half of 2024. Cost of Revenue: RMB1,127 million, a decrease of 29.3% year-over-year. Gross Profit: RMB4.1 million, compared to RMB24.8 million in the first half of 2024. G&A Expenses: RMB76.3 million, an increase of 7.7% from RMB70.9 million in the first half of 2024. R&D Expenses: RMB3.6 million, a decrease of 27.3% from RMB4.9 million in the first half of 2024. Net Loss: RMB53.0 million, an increase of 14% from RMB46.5 million in the first half of 2024. EBITDA Loss: RMB60.2 million, compared to a loss of RMB34.8 million in the first half of 2024. Cash and Equivalents: RMB33.1 million as of June 30, 2025. Short Term Debt: RMB118 million as of June 30, 2025. Warning! GuruFocus has detected 4 Warning Signs with QH. Is QH fairly valued? Test your thesis with our free DCF calculator. Release Date: September 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Quhuo Ltd (NASDAQ:QH) has implemented a dual-track strategy focusing on optimizing core business and accelerating the development of a second core business, which is expected to strengthen the group's earnings foundation. The housekeeping and accommodation segments reported strong growth with a 70.8% year-over-year revenue increase and a 63.4% growth in gross profit, becoming an important driver in optimizing the company's profit structure. The company has successfully launched a self-developed mini program that enhances the booking experience, improving operational efficiency and supporting future growth. Quhuo Ltd (NASDAQ:QH) has entered into a cooperation with JD to provide delivery services, potentially adding incremental volume and demonstrating recognition of their capabilities. The international business segment, particularly used car exports, achieved a 17.8% growth in gross profit, reflecting the continued optimization and upgrading of their business model. Total revenue decreased by 30.2% year-over-year, primarily due to the optimization of the business by disposing of underperforming service stations. Revenue from on-demand delivery solutions decreased by 30.7%, reflecting challenges in the competitive landscape and structural adjustments by major upstream customers. The mobility service solutions segment saw a 42.8% decrease in revenue, attributed to a decrease in vehicle sales and the introduction of a new business model. The company reported a net loss of RMB53.0 million for the first half of 2025, an increase of 14% from the previous year. Despite efforts to optimize operations, the company faces ongoing pressures in the on-demand delivery business, impacting short-term profitability. Q: Could you explain Quhuo's specific role in the trust cooperation and what impact this cooperation may have on future financial performance? A: Leslie Yu, Chairman and CEO, explained that Quhuo's role in the trust cooperation involves transforming business revenues into data assets and then into financial assets. This approach strengthens liquidity and increases assets. As an initiator and co-operator, Quhuo ensures properties are upgraded and managed to generate stable rental income. The financial impact includes higher margin income from asset management fees and capital gains, improving the profit mix and cash flow, which provides flexibility for business expansion. Q: What were the main reasons for the decrease in total revenue for the first half of 2025? A: Zhen Ba, CFO, stated that the total revenue decreased by 30.2% due to the optimization of the business, which involved disposing of underperforming service stations. This led to a decrease in revenue from on-demand delivery solutions and mobility service solutions. However, there was a significant increase in revenue from housekeeping and accommodation solutions due to the adoption of online promotion channels. Q: How did the housekeeping and accommodation segments perform in the first half of 2025? A: Leslie Yu highlighted that the housekeeping and accommodation segments reported strong growth, with revenue increasing by 70.8% year over year and gross profit up by 63.4%. This growth was driven by the "Turn to Homes" unit, which achieved 83.6% revenue growth and 319.8% gross profit growth, and the Linux accommodation business, which recorded a 63.6% increase in revenue. Q: Can you elaborate on the international business performance, particularly in used car exports? A: Leslie Yu noted that used car exports achieved a 17.8% growth in gross profit, with the gross margin improving from 4.2% to 7.0%. The company operates two models: a traditional sales model and a technological empowerment model. The latter, which involves cooperation with overseas partners, offers higher profitability and a unique economic model with a longer payback period. Q: What strategic initiatives are being taken to enhance operational efficiency and business models? A: Leslie Yu mentioned that Quhuo is focusing on operational efficiency and refining business models while seeking key market opportunities. The company recently entered into a cooperation with JD to provide delivery services, which could add incremental volume. Additionally, the supply chain empowerment partnership with New World is progressing, expected to contribute significantly to revenue. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

BEIJING, Sept. 26, 2025 /PRNewswire/ -- Quhuo Limited (NASDAQ: QH) ("Quhuo" or the "Company"), a leading gig economy platform focusing on local life services in China, today announced its unaudited financial results for the six months ended June 30, 2025. Despite a challenging market environment and intense industry competition, the Company continued to advance its dual-track strategy: on the one hand, optimizing on-demand delivery solutions to drive growth, and on the other, accelerating the expansion of housekeeping and accommodation solutions to further enhance profitability. On-Demand Delivery Solutions: Optimizing Structure to Unlock Potential Quhuo generated total revenue of RMB1,131.4 million in the first half of 2025. In the second quarter of 2025, competition in China's food delivery market intensified, with rising costs passed down to service providers and strategic adjustments by major clients reshaping the industry landscape. In response, Quhuo focused on workforce management and operational optimization, leveraging its strong track record and reputation to secure new business opportunities. While new site launches and integrations temporarily increased costs, the Company observed signs of market share gains relative to its key competitor since May 2025, which management believes will lay a foundation for sustainable growth. Meanwhile, Quhuo streamlined its management structure and reallocated resources by exiting underperforming sites and concentrating on higher-revenue locations, thereby improving overall operational quality. Management expects that economies of scale and profitability in on-demand delivery solutions may begin to materialize in the second half of 2025. Housekeeping and Accommodation Solutions: Significant Growth in Revenue and Profitability In the first half of 2025, Quhuo's housekeeping and accommodation businesses delivered robust results, with revenue up 70.8% year over year and gross profit increasing 63.4%, becoming a major driver of the Company's earnings mix. Chengtu (Homestay Business): Revenue grew 83.6% year over year, while gross profit surged 390.8%, achieving a gross margin of 55.2%. Supported by a scalable operating model and the rollout of its proprietary mini program, Chengtu now provides a seamless, closed-loop service from property search to payment. Looking forward, Chengtu plans to open its platform to more property owners by providing standardized management tools and marketing support, transitioning from a property management service provider into a platform operator. Lailai (Hotel and Home Services): Revenue increased 63.6% year over year, driven by its partnership with Ke Holdings Inc. ("Beike"), a leading housing transactions and services platform in China. Lailai provides comprehensive property-related services, including pre- and post-listing maintenance, daily housekeeping, and customized solutions for specific resident groups. Leveraging years of expertise in local life services and its proprietary digital dispatch system, Lailai integrates cleaning, repair, and other services on a single platform, ensuring efficient management and high-quality delivery. Its services currently cover Chengdu, Beijing, Shanghai, Ningbo, and Jinan, with plans to expand to Shenzhen, Guangzhou, and other cities. Management expects these initiatives to serve as new growth engines for Quhuo's sustainable development. New Business Initiatives: Pursuing Stability While Expanding Opportunities In the first half of 2025, Quhuo continued to optimize its on-demand delivery operations while expanding its housekeeping and accommodation businesses. Recently, the Company entered into a partnership with JD.com to provide on-demand delivery services in select cities, which management believes could generate incremental revenue in China's competitive food delivery market. In addition, the Company's beef supply chain partnership with NIU World has been progressing since its launch in May 2025, generating approximately RMB14.4 million in revenue. Management views this as an important milestone in Quhuo's transformation from a fulfillment service provider to a supply chain enabler, creating additional value from its core delivery network. Outlook Looking ahead, Quhuo will continue to execute its dual-track strategy—strengthening its core operations while accelerating the growth of new business initiatives. With a focus on efficiency, structural optimization, and innovation, the Company aims to deliver more sustainable and stable long-term returns for its shareholders. About Quhuo Limited Quhuo Limited (NASDAQ: QH) is a leading gig economy platform focusing on local life services in China. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering and linking workers and local life service providers and providing end-to-end operation solutions for the life service market. The Company currently provides multiple industry-tailored operational solutions, primarily including on-demand delivery solutions, mobility service solutions, housekeeping and accommodation solutions, and other services, meeting the living needs of hundreds of millions of families in the communities. With the vision of promoting employment, stabilizing income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote employment of workers, provides, among others, safety and security and vocational training to protect workers, and helps workers plan their career development paths to realize their self-worth. Safe Harbor Statements 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 business development, financial outlook, beliefs and expectations. Forward-looking statements include statements containing words such as "expect," "anticipate," "believe," "project," "will," "may," "potential" and similar expressions intended to identify 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 and uncertainties related to Quhuo's abilities to (1) manage its growth and expand its operations, (2) address any or all of the risks and challenges in the future in light of its limited operating history and evolving business portfolios, (3) establish in its competitive position in the on-demand food delivery market or further diversify its solution offerings and customer portfolio, (4) maintain relationships with major customers and to find replacement customers on commercially desirable terms or in a timely manner or at all, (5) maintain relationships with existing industry customers or attract new customers, (6) attract, retain and manage workers on its platform, and (7) maintain its market shares in relation to competitors in existing markets and its success in expansion into new markets. 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 Company's latest annual report on Form 20-F. 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. View original content:https://www.prnewswire.com/news-releases/quhuo-limited-reports-unaudited-financial-results-for-the-six-months-ended-june-30-2025-302568209.html

Unfortunately, investing is risky - companies can and do go bankrupt. On the other hand, if you find a high quality business to buy (at the right price) you can more than double your money! For example, the Quhuo Limited (NASDAQ:QH) share price has soared 249% in the last 1 year. Most would be very happy with that, especially in just one year! And in the last month, the share price has gained 41%. Zooming out, the stock is actually down 49% in the last three years. Since the stock has added US$30m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. While Quhuo made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. As a general rule, we think this kind of company is more comparable to loss-making stocks, since the actual profit is so low. It would be hard to believe in a more profitable future without growing revenues. In the last year Quhuo saw its revenue shrink by 18%. We're a little surprised to see the share price pop 249% in the last year. This is a good example of how buyers can push up prices even before the fundamental metrics show much growth. It's quite likely the revenue fall was already priced in, anyway. The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers). Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time. We're pleased to report that Quhuo shareholders have received a total shareholder return of 249% over one year. There's no doubt those recent returns are much better than the TSR loss of 15% per year over five years. This makes us a little wary, but the business might have turned around its fortunes. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For instance, we've identified 2 warning signs for Quhuo (1 can't be ignored) that you should be aware of. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Total Revenue (Full Year 2024): RMB 3,046.8 million, a decrease of 17.7% from 2023. Total Revenue (Second Half 2024): RMB 1,426.9 million, a decrease of 27.4% from the second half of 2023. Revenue from On-Demand Delivery Solutions (Full Year 2024): RMB 2,828.5 million, a decrease of 17.1% from 2023. Revenue from Mobility Service Solutions (Full Year 2024): RMB 175.1 million, a decrease of 25.1% from 2023. Revenue from Housekeeping and Accommodation Solutions (Full Year 2024): RMB 43.2 million, a decrease from RMB 55.7 million in 2023. Cost of Revenue (Full Year 2024): RMB 2,973.2 million, a decrease of 15.9% from 2023. General and Administrative Expenses (Full Year 2024): RMB 148.6 million, a decrease from RMB 184.3 million in 2023. Adjusted EBITDA (Full Year 2024): RMB 9.1 million, compared to RMB 35.2 million in 2023. Net Income Attributable to Quhuo Ltd (Full Year 2024): RMB 1.6 million, compared to RMB 6 million in 2023. Cash and Cash Equivalents (As of December 31, 2024): RMB 65.1 million. Short-term Debt (As of December 31, 2024): RMB 112.8 million. Warning! GuruFocus has detected 6 Warning Signs with QH. Release Date: April 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Quhuo Ltd (NASDAQ:QH) achieved a revenue of RMB 3,046.9 million in 2024, with positive EBITDA for three consecutive fiscal years. General and administrative expenses decreased by 19% year on year, reflecting improved operational efficiency. The company's bike maintenance and vehicle export businesses saw significant growth, with gross profit margins increasing notably. Quhuo International's used vehicle export business has become a new growth engine, exporting over 3,500 cars overseas. The partnership with New World has transformed Quhuo from a service provider to a supply chain enabler, enhancing delivery efficiency and creating new revenue streams. Total revenue decreased by 17.7% in 2024 compared to 2023, primarily due to the disposal of underperforming service stations. Revenue from mobility service solutions decreased by 25.1%, largely due to a reduction in vehicles sold in the vehicle export business. Net income attributable to Quhuo Ltd (NASDAQ:QH) decreased from RMB 6 million in 2023 to RMB 1.6 million in 2024. Adjusted EBITDA decreased from RMB 35.2 million in 2023 to RMB 9.1 million in 2024. The company faces challenges in maintaining revenue growth amidst a complex and ever-changing market environment. Q: What's the current progress of the cooperation with New World and what are the company's expectations? A: Our partnership with New World, a leading agriculture company in China, marks our transformation from a service provider to a supply chain enabler. With Quhuo's nationwide on-demand delivery network, the efficiency of beef delivery to merchants has significantly improved. During the pilot phase, several merchants have already experienced efficiency gains. Both parties will establish a joint venture to incubate new restaurant brands. By 2025, this cooperation is expected to contribute significant revenues and become a new growth driver for the company. We plan to expand this model to other food service providers requiring high standards for food preservation, offering flexible and efficient supply chain services. - Barry Ba, Chief Financial Officer For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.

BEIJING, April 29, 2025 /PRNewswire/ -- Quhuo Limited (Nasdaq: QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months and full year ended December 31, 2024. Financial and Operational Highlights for the Second Half of 2024 Net income was RMB48.1 million (US$6.6 million), representing a year-over-year increase of 311.1% from RMB11.7 million. Adjusted EBITDA was RMB43.8 million (US$6.0 million), representing a year-over-year increase of 81.7% from RMB24.1 million. General and administrative expenses were RMB77.8 million (US$10.7 million), representing a decrease of 24.2% from RMB102.7 million in the second half of 2023. Gross profit of vehicle export solutions was RMB2.9 million (US$0.4 million), representing a year-over-year increase of 11.5% from RMB2.6 million. Gross profit margin of mobility solution services was 4.6%, compared with 2.1% in the second half of 2023. Gross profit margin of housekeeping services and others was 46.9%, compared with 39.2% in the second half of 2023. Financial and Operational Highlights for Full Year 2024 General and administrative expenses were RMB148.6 million (US$20.4 million), representing a decrease of 19.4% from RMB184.3 million in 2023. Gross profit margin of vehicle export solutions was 5.1%, compared with 1.7% in 2023. Gross profit margin of housekeeping services and others was 36.4%, compared with 26.4% in 2023. Mr. Leslie Yu, Quhuo's Chairman and Chief Executive Officer, said, "2024 is a pivotal year for Quhuo, marking a key turning point in the progress of our strategic elevation. We are pleased to conclude that, thanks to our focus on deepening high-quality business development and driving a structural improvement in profitability, we have successfully enhanced gross profit margin across multiple business sectors. We have continuously worked on improving operational efficiency, leading to a reduction in various expenses. Our cross-border vehicle export business became a key growth engine in 2024. Our "technology + resources" model has proven effective in regions such as the Middle East, Eastern Europe and Western Asia, where we've empowered local dealers and built a "vehicle procurement - local operations" ecosystem, as demonstrated in Azerbaijan. We believe this global collaboration will reduce supply chain friction and position us for international expansion, with plans underway to replicate the model in additional markets. In our on-demand food delivery business, we entered into a strategic cooperation agreement with NIU World, a large-scale food group in China, leveraging our nationwide delivery network built over more than a decade. This partnership enables us to provide beef product distribution services- an important milestone in our continued transformation from a fulfillment service provider to a supply chain enabler. Looking ahead, we see strong potential to expand this model into other food sectors requiring high standards for ingredient preservation, offering flexible, efficient and scalable supply chain services to more businesses in the future. In the future, we will continue optimizing operations, empowering our partners, and seizing market opportunities to deliver sustainable returns for shareholders while creating lasting value for society." Unaudited Financial Results of the Second Half of 2024 Total revenues were RMB1,426.9 million (US$195.5 million), compared with total revenues of RMB1,966.1 million in the second half of 2023, representing a decrease of 27.4%. Revenues from on-demand food delivery solutions were RMB1,329.4 million (US$182.1 million), compared with RMB1,763.2 million in the second half of 2023, representing a decrease of 24.6%. The decrease was primarily because we optimized our business by disposing of several underperforming service stations, which led to a decrease in revenue scale. Revenues from mobility service solutions, consisting of shared-bike maintenance, ride-hailing, vehicle export solutions and freight service solutions, were RMB74.7 million (US$10.2 million), compared with RMB175.3 million in the second half of 2023, representing a decrease of 57.4%. The decrease was primarily due to a decrease in units of vehicles sold in our vehicle export solution business. Revenues from housekeeping and accommodation solutions and other services were RMB22.9 million (US$3.1 million), compared with RMB27.5 million in the second half of 2023, primarily due to the decrease in housekeeping services for hotels as a result of our shift of focus to other businesses. Cost of revenues was RMB1,378.0 million (US$188.8 million), representing a year-over-year decrease of 26.2%, primarily in line with the decrease in our total revenues. General and administrative expenses were RMB77.8 million (US$10.7 million), representing a significant decrease of 24.2% from RMB102.7 million in the second half of 2023. The decrease was primarily driven by (1) a decline in professional service fees from RMB44.5 million in the second half of 2023 to RMB22.6 million (US$3.1 million) in the second half of 2024, and (2) a reduction in welfare and business development expenses and office expenses from RMB21.4 million in the second half of 2023 to RMB16.1 million (US$2.2 million) in the second half of 2024. These savings were largely the result of our effective expense control through engagement of more cost-effective service providers, elimination of unnecessary costs and optimization of employee roles and responsibilities. Research and development expenses remained relatively stable at RMB5.8 million (US$0.8 million) in the second half of 2024 and RMB5.7 million in the second half of 2023. We recorded gain on disposal of assets, net, of RMB13.4 million and RMB68.2 million (US$9.3 million) in the second half of 2023 and 2024, respectively, primarily due to the transfer of certain long-term assets to third parties. Our interest expenses were RMB1.8 million (US$0.2 million), representing a significant decrease of 30.8% from RMB2.6 million in the second half of 2023, primarily due to the decrease in in average interest rates relating to our short-term bank borrowings. Our other income, net, was RMB0.4 million (US$0.1 million) in the second half of 2024 and RMB10.7 million in the second half of 2023 primarily due to the disposal of investment in a mutual fund. Income tax benefit was RMB15.7 million (US$2.2 million), as compared to income tax expense of RMB1.5 million in the second half of 2023, primarily due to the reversal of unrecognized tax benefit recognized previous years that have passed the retroactive period. Net income attributable to Quhuo Limited was RMB48.1 million (US$6.6 million), compared with net income attributable to Quhuo Limited of RMB11.7 million in the second half of 2023. Adjusted EBITDA was RMB43.8 million (US$6.0 million), compared with adjusted EBITDA of RMB24.1 million in the second half of 2023.(1) Adjusted net income was RMB48.1 million (US$6.6 million), compared to the adjusted net income of RMB7.4 million in the second half of 2023.(1) Unaudited Financial Results of Full Year 2024 Total revenues were RMB3,046.9 million (US$417.4 million), a decrease of 17.7%, compared with total revenues of RMB3,702.4 million in 2023. Revenues from on-demand food delivery solutions were RMB2,828.5 million (US$387.5 million), compared with RMB3,412.8 million in 2023, representing a decrease of 17.1%. The decrease was primarily due to optimization of our business by disposing of several underperforming service stations, which led to a decrease in revenue scale. Revenues from mobility service solutions were RMB175.1 million (US$24.0 million), compared with RMB233.8 million in 2023, representing a decrease of 25.1%. The decrease was primarily due to the reduction in vehicles sold in our vehicle export solution business. Revenues from housekeeping and accommodation solutions and other services were RMB43.2 million (US$5.9 million), compared with RMB55.7 million in 2023, primarily due to the decrease of housekeeping services for hotels as a result of our shift of focus to other businesses. Cost of revenues was RMB2,973.2 million (US$407.3 million), representing a year-over-year decrease of 15.9%, generally in line with the decrease in our total revenues. General and administrative expenses were RMB148.6 million (US$20.4 million) in 2024, representing a decrease of 19.4% from RMB184.3 million in 2023. This reduction was due to (1) a decrease in professional service fees from RMB66.7 million in 2023 to RMB37.2 million (US$5.1 million) in 2024, and (2) a decrease in welfare and business development expenses and office expenses from RMB38.6 million in 2023 to RMB28.4 million (US$3.9 million) in 2024. These savings reflect our expense control measures, including more cost-effective service providers, eliminating unnecessary costs, and optimizing employee roles and responsibilities. Research and development expenses were RMB10.7 million (US$1.5 million) in 2024, representing a decrease of 13.7% from RMB12.4 million in 2023, primarily due to a lower average compensation level for our research and development personnel resulting from the restructuring of our R&D team. We recorded gain on disposal of assets, net, of RMB22.3 million and RMB75.2 million (US$10.3 million) in 2023 and 2024, respectively, primarily due to the transfer of certain long-term assets to third parties. Our interest expenses were RMB4.1 million (US$0.6 million), representing a decrease of 16.3% from RMB4.9 million in 2023, primarily due to the reduction in average interest rates relating to our short-term bank borrowings. Other expense, net, was RMB2.6 million (US$0.4 million) in 2024, as compared to other income, net, of RMB16.7 million in 2023, primarily due to the fluctuation in the fair value of our investment in a mutual fund. Income tax benefit was RMB18.3 million (US$2.5 million) in 2024, as compared to RMB0.9 million in 2023, primarily due to the reversal of unrecognized tax benefit recognized in previous years that have passed the retroactive period. Net income attributable to Quhuo Limited was RMB1.6 million (US$0.2 million) in 2024, as compared to RMB6.0 million in 2023. Adjusted EBITDA was RMB9.1 million (US$1.2 million) in 2024, as compared to adjusted EBITDA of RMB35.2 million in 2023.(1) Adjusted net income was RMB1.6 million (US$0.2 million) in 2024, as compared to RMB5.5 million in 2023.(1) Balance Sheet As of December 31, 2024, the Company had cash, cash equivalents and restricted cash of RMB65.1 million (US$8.9 million) and short-term debt of RMB112.8 million (US$15.5 million). CONFERENCE CALL Quhuo will hold a conference call on Tuesday, April 29, 2025 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. Dial-in details for the earnings conference call are as follows: Please dial in ten minutes before the call is scheduled to begin and provide the conference ID to join the call. A replay of the conference call may be accessed by phone at the following numbers until May 6, 2025: Additionally, 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/. 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 its 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 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 income/loss or any other performance measures 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. For more information on this Non-GAAP financial measure, please see the table captioned "Unaudited Reconciliations of GAAP and Non-GAAP results" set forth below. EXCHANGE RATE INFORMATION This press release contains translations of certain Renminbi amounts into U.S. dollars at a specified rate solely for readers' convenience. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.2993 to US$1.00, the rate in effect as of December 31, 2024 as set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollar amounts referred could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all. ABOUT QUHUO LIMITED Quhuo Limited is a leading gig economy platform focusing on local life services in China. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering and linking workers and local life service providers and providing end-to-end operation solutions for the life service market. The Company currently provides multiple industry-tailored operational solutions, primarily including on-demand delivery solutions, mobility service solutions, housekeeping and accommodation solutions, and other services, meeting the living needs of hundreds of millions of families in the communities. With the vision of promoting employment, stabilizing income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote employment of workers, provides, among others, safety and security and vocational training to protect workers, and helps workers plan their career development paths to realize their self-worth. 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 business development, 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. 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 and uncertainties related to Quhuo's abilities to (1) manage its growth and expand its operations, (2) address any or all of the risks and challenges in the future in light of its limited operating history and evolving business portfolios, (3) remain its competitive position in the on-demand food delivery market or further diversify its solution offerings and customer portfolio, (4) maintain relationships with major customers and to find replacement customers on commercially desirable terms or in a timely manner or at all, (5) maintain relationship with existing industry customers or attract new customers, (6) attract, retain and manage workers on its platform, and (7) maintain its market shares to competitors in existing markets and its success in expansion into new markets. 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 Company's latest annual report on Form 20-F. 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. For more information about Quhuo, please visit https://ir.quhuo.cn/. View original content:https://www.prnewswire.com/news-releases/quhuo-reports-financial-results-for-the-second-half-and-full-year-2024-302440921.html SOURCE Quhuo Limited

BEIJING, April 29, 2025 /PRNewswire/ -- Quhuo Limited (NASDAQ: QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months and audited financial results for full year ended December 31, 2024. 2024 marked a year of strategic transformation for Quhuo. Despite market challenges, the Company strengthened its core businesses and achieved steady gross profit margin growth in certain business lines through enhanced cost efficiencies. Quhuo also pursued innovation by forming strategic partnerships domestically and internationally, expanding its business reach. The Company further deepened its corporate social responsibility by creating employment opportunities, offering insurance and training programs, and balancing commercial success with social value. Core Business Focus: Streamlining for Quality Growth In 2024, Quhuo achieved total revenue of RMB 3,046.9 million and an adjusted EBITDA of RMB 9.07 million. The Company demonstrated strong performance, recording positive EBITDA for three consecutive fiscal years. Cost control efforts resulted in a 19.4% year-on-year reduction in general and administrative expenses, reflecting the Company's continuous efforts to improve operational efficiency. Research and development expenses dropped by 13.7%, leveraging AI to reduce costs and improve efficiency, driving development while optimizing labor input. These initiatives have allocated more resources to high-potential businesses, enhancing overall profitability. In the second half of 2024, a sharpened focus on core businesses drove significant profit gains. Gross profit margin from shared-bike maintenance and ride-hailing services increased by 15.7% and 216.9%, respectively. In vehicle export solutions, AI-powered inspections improved individual productivity, raising the gross profit margin from 1.8% to 6.2% and pushing gross profit up by 11.5% year-over-year. By restructuring operations through a proprietary booking platform, housekeeping and accommodation solutions and other services boosted full-year gross profit margin from 26.4% to 36.4%, further strengthening the foundation of overall profitability. Global Expansion: Building New Growth Engines Since launching its vehicle export solutions in May 2023, Quhuo International has rapidly become a key growth engine for the Company. By the end of 2024, Quhuo International had shipped over 3,500 vehicles to overseas markets and launched Carnuxt, a recognized used vehicle certification brand and service system across the Middle East, Eastern Europe, and Western Asia. In 2024, Quhuo International leveraged its expertise in local life services to develop a "technology + resources" solution for international markets – a model that has demonstrated promising success in Azerbaijan. In September 2024, Quhuo partnered with local electric vehicle dealer Volt Auto and mobility platform Bolt to launch a joint ride-hailing operations center. Through this collaboration, Quhuo International provided cost-effective Chinese electronic vehicles, supported by its mature technology platform and operational expertise, helping enhance local ride-hailing services. Through its SaaS platform, Quhuo enabled its partner to optimize routes, monitor vehicles, and analyze operational data, enhancing both efficiency and service quality. On the ground, Quhuo's team provided targeted training in key areas, such as driver matching and dispatch, enhancing the operational and systematic management capabilities of local ride-hailing services. This model enables local dealers to swiftly integrate vehicles with ride-hailing platforms, ensuring a smooth transition from sales to active deployment and accelerating vehicle turnover. The success of this approach is demonstrated by repeat orders from the partner, providing strong market validation for Quhuo's solutions. Looking ahead, Quhuo plans to scale this model to additional international markets, combining technology and management to drive further growth. By building a collaborative global ecosystem for vehicle exports, Quhuo aims to enhance supply chain efficiency and deliver sustainable mobility solutions, solidifying its strategic position in global operations. Business Model Innovation: From Fulfillment to Supply Chain Empowerment In 2024, Quhuo took an innovative approach to maximize the value of its resources network by forming a strategic partnership with NIU World, a large-scale food group in China. Leveraging its well-established on-demand food delivery network, Quhuo now provides distribution services for NIU World's beef products, repurposing its delivery infrastructure for higher-value use and marking a shift from fulfillment service provider to supply chain enabler. The partnership operates on an "on-demand production and real-time fulfillment" model. Once an order is placed and paid, NIU World immediately prepares the beef, cutting, packing, and cold-processing it on demand, while Quhuo delivers the orders to end customers through its on-demand delivery network. This model significantly reduces intermediaries, alleviates inventory pressure, ensures product freshness, and improves overall supply chain efficiency. Powered by Quhuo's proprietary Quhuo+ platform, delivery routes are optimized for accuracy, ensuring efficient alignment between capacity and demand, enabling fresh beef to reach customers just hours after slaughter. Following a successful pilot, the model is expected to drive revenue growth in 2025, paving a new path for expansion in Quhuo's food delivery business. Future plans include expanding this model to other highly perishable food segments, aiming to build a flexible and efficient supply chain service for the catering industry. Integrated Value: Aligning Growth with Social Responsibility Alongside strong business growth, Quhuo remains committed to its corporate social responsibilities. By 2024, the Company had created flexible job opportunities for over 830,000 workers, including delivery riders and cleaners, while also providing commercial insurance and vocational training. Quhuo's business innovations also help address pressing social issues. Its EV exports reduce tens of thousands of tons carbon emissions annually, while its direct fresh beef supply model helps reduce food waste and promote sustainable consumption. Quhuo remains committed to leveraging business innovation to address social challenges and to set a benchmark for socially responsible enterprises. Leslie Yu, Founder, Chairman, and CEO of Quhuo, said: "In 2024, we focused on stabilizing our cash-generating businesses while scaling innovative ventures, achieving steady operations and notable improvements in key business lines. Looking ahead, we will continue to optimize resource allocation, strengthen collaborative partnership, and enhance ecosystem resilience to deliver long-term, sustainable value to shareholders and contribute meaningfully to society." About Quhuo Limited Quhuo Limited (NASDAQ: QH) ("Quhuo" or the "Company") is a leading gig economy platform focusing on local life services in China. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering and linking workers and local life service providers and providing end-to-end operation solutions for the life service market. The Company currently provides multiple industry-tailored operational solutions, primarily including on-demand delivery solutions, mobility service solutions, housekeeping and accommodation solutions, and other services, meeting the living needs of hundreds of millions of families in the communities. With the vision of promoting employment, stabilizing income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote employment of workers, provides, among others, safety and security and vocational training to protect workers, and helps workers plan their career development paths to realize their self-worth. Safe Harbor Statements 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 business development, 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. 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 and uncertainties related to Quhuo's abilities to (1) manage its growth and expand its operations, (2) address any or all of the risks and challenges in the future in light of its limited operating history and evolving business portfolios, (3) establish in its competitive position in the on-demand food delivery market or further diversify its solution offerings and customer portfolio, (4) maintain relationships with major customers and to find replacement customers on commercially desirable terms or in a timely manner or at all, (5) maintain relationships with existing industry customers or attract new customers, (6) attract, retain and manage workers on its platform, and (7) maintain its market shares in relation to competitors in existing markets and its success in expansion into new markets. 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 Company's latest annual report on Form 20-F. 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. View original content:https://www.prnewswire.com/news-releases/quhuo-reports-financial-results-for-the-second-half-and-full-year-2024-solidifying-core-business-driving-diversified-growth-through-innovation-302441066.html SOURCE Quhuo Limited