XIAMEN, China, Dec. 13, 2021 /PRNewswire/ -- Qudian Inc.
("Qudian" or "the Company" or "We") (NYSE: QD), a leading
technology platform empowering the enhancement of the online
consumer finance experience in China, today announced its unaudited financial
results for the quarter ended September 30,
2021.
Third Quarter 2021 Operational Highlights:
- Number of outstanding borrowers[1] from loan book
business as of September 30, 2021
decreased by 3.1% to 2.8 million from 2.9 million as of
June 30, 2021, as a result of the
Company's deployment of a conservative and prudent strategy
- Total outstanding loan balance from loan book
business[2] decreased by 14.4% to RMB3.0
billion as of September 30, 2021,
compared to the outstanding balance as of June 30, 2021
- Amount of transactions from loan book business for
this quarter decreased by 12.1% to RMB3.4 billion from the second quarter of
2021
- Weighted average loan tenure for our loan book business
was 4.3 months for this quarter, compared with 4.4 months in the
second quarter of 2021
[1] Outstanding borrowers are
borrowers who have outstanding loans from the Company's loan book
business as of a particular date.
[2] Includes (i) off and on balance
sheet loans directly or indirectly funded by our institutional
funding partners or our own capital, net of cumulative write-offs
and (ii) does not include auto loans from Dabai Auto
business.
|
Third Quarter 2021 Financial Highlights:
- Total revenues were RMB347.4 million (US$53.9 million), compared to RMB849.4 million from the same period of last
year
- Net loss attributable to Qudian's shareholders was RMB94.2 million (US$14.6
million), compared to an income of RMB592.3 million from the same period of last
year, or net loss of RMB0.37
(US$0.06) per diluted ADS
- Non-GAAP net loss attributable to Qudian's
shareholders[3] was RMB99.1 million (US$15.4 million), compared to an income of
RMB576.4 million from the same period
of last year, or non-GAAP net loss of RMB0.39 (US$0.06) per diluted
ADS
[3] For more information on
this Non-GAAP financial measure, please see the table captioned
"Unaudited Reconciliation of GAAP and Non-GAAP Results" set forth
at the end of this press release.
|
"Amid fast-evolving market conditions in the third quarter, we
continued to execute a prudent operational strategy in our cash
credit business, generating total transaction volume of
approximately RMB3.4 billion during
the period," said Mr. Min Luo,
Founder, Chairman and Chief Executive Officer of Qudian. "We also
made steady progress with our early childhood education business,
with 7 WLM KIDS activity centers in operation as of December 12, 2021. Looking ahead, we will
operate and grow our WLM KIDS business in a thoughtful and measured
manner. We will continue to improve the quality of our products and
services, while exploring new business initiatives and investment
opportunities."
"Owing to our stringent credit risk control measures and
strategic shift toward better quality borrowers, our asset quality
remained stable with the D1 delinquency rate[4]
continuing to stay below 5% at the end of the third quarter. We
also maintained a solid balance sheet with sufficient liquidity.
Going forward, we are confident that our strong fundamentals will
help us pursue and sustain long-term growth," said Ms. Sissi Zhu, Vice President of Investor Relations
of Qudian.
[4] "D1 delinquency rate" is defined
as (i) the total amount of principal and financing service
fees that became overdue as of a specified date, divided by
(ii) the total amount of principal and financing services fees
that was due for repayment as of such date, in each case with
respect to our loan book business.
|
Third Quarter Financial Results
Total revenues were RMB347.4 million (US$53.9 million), representing a decrease of
59.1% from RMB849.4 million for the
third quarter of 2020.
Financing income totaled RMB285.5 million (US$44.3
million), representing a decrease of 41.4% from
RMB487.3 million for the
third quarter of 2020, as a result of the decrease in the
average on-balance sheet loan balance.
Loan facilitation income and other related income
decreased by 95.0% to RMB8.8 million
(US$1.4 million) from RMB177.2 million for the third quarter of 2020,
as a result of the reduction in transaction volume of off-balance
sheet loans during this quarter.
Transaction services fee and other related income
increased to RMB20.9 million
(US$3.3 million) from RMB6.6 million for the third quarter of
2020, mainly as a result of the reassessment of variable
consideration.
Sales income and others decreased to RMB7.3 million (US$1.1
million) from RMB139.0 million
for the third quarter of 2020, mainly due to the decrease in sales
related to the Wanlimu e-commerce platform, which we are in the
process of winding down.
Sales commission fee decreased by 55.5% to
RMB8.0 million (US$1.2 million) from RMB18.1 million for the third quarter of
2020, due to the decrease in the amount of merchandise credit
transactions.
Total operating costs and expenses increased to
RMB273.2 million (US$42.4 million) from RMB100.0 million for the third quarter of
2020.
Cost of revenues decreased by 47.4% to
RMB104.6 million (US$16.2 million) from RMB198.8 million for the third quarter of 2020,
primarily due to the decrease in costs associated with the loan
book business and the decrease in cost of goods sold related to the
Wanlimu e-commerce platform.
Sales and marketing expenses decreased by
49.3% to RMB32.9 million
(US$5.1 million) from RMB64.8 million for the third quarter of
2020, primarily due to the decrease in marketing promotional
expenses.
General and administrative
expenses increased by 170.4% to RMB157.7 million (US$24.5 million) from RMB58.3
million for the third quarter of 2020, as a result of the
increase in staff salaries primarily relating to WLM Kids
business.
Research and development
expenses decreased by 21.6% to RMB40.1 million (US$6.2 million) from RMB51.1 million for the third quarter of
2020, as a result of the decrease in staff salaries.
Provision for receivables and other
assets was a reversal of RMB19.2 million (US$3.0 million), compared to a loss of
RMB89.5 million for the third
quarter of 2020, mainly due to the decrease in past-due on-balance
sheet outstanding principal receivables compared to the third
quarter of 2020.
As of September 30, 2021, the total balance of outstanding
principal and financing service fee receivables for on-balance
sheet transactions for which any installment payment was more than
30 calendar days past due was RMB132.7
million (US$20.6 million), and
the balance of allowance for principal and financing service fee
receivables at the end of the period
was RMB308.9 million (US$47.9
million), indicating M1+ Delinquency Coverage Ratio of
2.3x.
The following charts display the "vintage charge-off rate."
Total potential receivables at risk vintage charge-off rate refers
to, with respect to on- and off-balance sheet transactions
facilitated under the loan book business during a specified time
period, the total potential outstanding principal balance of the
transactions that are delinquent for more than 180 days up to
twelve months after origination, divided by the total initial
principal of the transactions facilitated in such vintage.
Delinquencies may increase or decrease after such 12-month
period.
Current receivables at risk vintage charge-off rate refers to,
with respect to on- and off-balance sheet transactions facilitated
under the loan book business during a specified time period, the
actual outstanding principal balance of the transactions that are
delinquent for more than 180 days up to twelve months after
origination, divided by the total initial principal of the
transactions facilitated in such vintage. Delinquencies may
increase or decrease after such 12-month period.
Total potential receivables at risk M1+ delinquency rate by
vintage refers to, with respect to on- and off-balance sheet
transactions facilitated under the loan book business during a
specified time period, the total potential outstanding principal
balance of the transactions that are delinquent for more than 30
days up to twelve months after origination, divided by the total
initial principal of the transactions facilitated in such vintage.
Delinquencies may increase or decrease after such 12-month
period.
Current receivables at risk M1+ delinquency rate by vintage
refers to, with respect to on- and off-balance sheet transactions
facilitated under the loan book business during a specified time
period, the actual outstanding principal balance of the
transactions that are delinquent for more than 30 days up to twelve
months after origination, divided by the total initial principal of
the transactions facilitated in such vintage. Delinquencies may
increase or decrease after such 12-month period.
Income from operations decreased to
RMB82.8 million (US$12.9 million) from RMB767.8 million for the third quarter of
2020.
Net loss attributable to
Qudian's
shareholders was RMB94.2
million (US$14.6 million), or
net loss of RMB0.37 (US$0.06) per diluted ADS.
Non-GAAP net loss attributable to Qudian's
shareholders was RMB99.1 million
(US$15.4 million), or
non-GAAP net loss of RMB0.39
(US$0.06) per diluted ADS.
Cash Flow
As of September 30, 2021, the
Company had cash and cash equivalents
of RMB1,693.3 million (US$262.8
million) and restricted cash
of RMB287.3 million (US$44.6 million). Restricted cash mainly
represents (i) security deposits held in designated bank accounts
for the guarantee of on-and-off balance sheet transactions; and
(ii) cash held by the consolidated trusts through segregated bank
accounts. Such restricted cash is not available to fund the general
liquidity needs of the Company.
For the third quarter of 2021, net cash provided by
operating activities was RMB87.2
million (US$13.5 million),
mainly attributable to proceeds of financing income. Net cash
used in investing activities was RMB1,412.7 million (US$219.2 million), mainly due to purchase of
short-term investments and partially offset by net proceeds from
collection of loan principal. Net cash used
in financing activities was RMB120.9 million (US$18.8 million), mainly due to the repurchase of
convertible senior notes.
Update on Share Repurchase and Convertible Bond
Repurchase
As of the date of this release, the Company has repurchased and
cancelled total principal amount of convertible senior notes of
US$237.5 million. The Company has
cumulatively completed total share repurchases of approximately
US$574.0 million.
Conference Call
The Company's management will host an earnings conference call
on December 13, 2021 at 7:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time). Details for
the conference call are as follows:
Title of
Event:
|
Qudian Inc. Third
Quarter 2021 Earnings Conference Call
|
Conference
ID:
|
7996943
|
Registration
link:
|
http://apac.directeventreg.com/registration/event/7996943
|
For participants who wish to join the call, please complete the
online registration 15 minutes prior to the scheduled call start
time. Upon registration, participants will receive the conference
call access information, including participant dial-in numbers, a
Direct Event Passcode, a unique Registrant ID, and an e-mail with
detailed instructions to join the conference call.
Additionally, a live and archived webcast of the conference call
will be available on the Company's investor relations website at
http://ir.qudian.com.
A replay of the conference call will be accessible approximately
two hours after the conclusion of the live call until December 20, 2021, by dialing the following
telephone numbers:
United
States:
|
+1-855-452-5696
(toll-free) / +1-646-254-3697
|
|
|
International:
|
+61-2-8199-0299
|
|
Hong Kong,
China:
|
800-963-117
(toll-free) / +852-3051-2780
|
|
|
Mainland,
China:
|
400-632-2162 /
800-870-0205 (toll-free)
|
|
|
Passcode:
|
7996943
|
|
|
|
|
|
|
|
|
|
About Qudian Inc.
Qudian Inc. ("Qudian") is a leading technology platform
empowering the enhancement of online consumer finance experience in
China. The Company's mission is to
use technology to make personalized credit accessible to hundreds
of millions of young, mobile-active consumers in China who need access to small credit for
their discretionary spending but are underserved by traditional
financial institutions due to lack of traditional credit data or
high cost of servicing. Qudian's credit solutions enable licensed,
regulated financial institutions and ecosystem partners to offer
affordable and customized loans to this young generation of
consumers.
For more information, please
visit http://ir.qudian.com.
Use of Non-GAAP Financial Measures
We use adjusted net income/loss, a Non-GAAP financial measure,
in evaluating our operating results and for financial and
operational decision-making purposes. We believe that adjusted net
income/loss helps identify underlying trends in our business by
excluding the impact of share-based compensation expenses, which
are non-cash charges, and convertible bonds buyback income. We
believe that adjusted net income/loss provides useful information
about our operating results, enhances the overall understanding of
our past performance and future prospects and allows for greater
visibility with respect to key metrics used by our management in
its financial and operational decision-making.
Adjusted net income/loss is not defined under U.S. GAAP and are
not presented in accordance with U.S. GAAP. This Non-GAAP financial
measure has limitations as analytical tools, and when assessing our
operating performance, cash flows or our liquidity, investors
should not consider them in isolation, or as a substitute for net
loss / income, cash flows provided by operating activities or other
consolidated statements of operation and cash flow data prepared in
accordance with U.S. GAAP.
We mitigate these limitations by reconciling the Non-GAAP
financial measure to the most comparable U.S. GAAP performance
measure, all of which should be considered when evaluating our
performance.
For more information on this Non-GAAP financial measure, please
see the table captioned "Unaudited Reconciliation of GAAP and
Non-GAAP Results" set forth at the end of this press release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts
into U.S. dollars ("US$") at specified rates solely for the
convenience of the reader. Unless otherwise stated, all
translations from RMB to US$ were made at the rate
of RMB6.4434 to US$1.00, the noon buying rate in effect
on September 30, 2021 in the
H.10 statistical release of the Federal Reserve Board. The Company
makes no representation that the RMB or US$ amounts referred could
be converted into US$ or RMB, as the case may be, at any particular
rate or at all.
Statement Regarding Preliminary Unaudited Financial
Information
The unaudited financial information set out in this earnings
release is preliminary and subject to potential adjustments.
Adjustments to the consolidated financial statements may be
identified when audit work has been performed for the Company's
year-end audit, which could result in significant differences from
this preliminary unaudited financial information.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates" and similar statements. Among
other things, the expectation of its collection efficiency and
delinquency, contain forward-looking statements. Qudian may also
make written or oral forward-looking statements in its periodic
reports to the SEC, in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about Qudian's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: Qudian's
goal and strategies; Qudian's expansion plans; Qudian's future
business development, financial condition and results of
operations; Qudian's expectations regarding demand for, and market
acceptance of, its credit products; Qudian's expectations regarding
keeping and strengthening its relationships with borrowers,
institutional funding partners, merchandise suppliers and other
parties it collaborate with; general economic and business
conditions; and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in Qudian's filings with the SEC. All information provided
in this press release and in the attachments is as of the date of
this press release, and Qudian does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
For investor and media inquiries, please contact:
In China:
Qudian Inc.
Tel:
+86-592-596-8208
E-mail: ir@qudian.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: qudian@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: qudian@tpg-ir.com
QUDIAN
INC.
|
Unaudited
Condensed Consolidated Statements of Operations
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
September 30,
|
(In thousands except
for number
|
|
|
2020
|
|
2021
|
of shares and
per-share data)
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
Revenues:
|
|
|
|
|
|
|
|
Financing
income
|
|
|
487,330
|
|
285,536
|
|
44,315
|
Sales commission
fee
|
|
|
18,073
|
|
8,037
|
|
1,247
|
Sales income and
others
|
|
|
138,971
|
|
7,326
|
|
1,137
|
Penalty
fee
|
|
|
21,258
|
|
16,746
|
|
2,599
|
Loan facilitation
income and other related income
|
|
177,161
|
|
8,776
|
|
1,362
|
Transaction services
fee and other related income
|
|
6,629
|
|
20,944
|
|
3,250
|
|
|
|
|
|
|
|
|
Total
revenues
|
|
|
849,422
|
|
347,365
|
|
53,910
|
|
|
|
|
|
|
|
|
Operating cost and
expenses:
|
|
|
|
|
|
|
|
Cost of
revenues
|
|
|
(198,787)
|
|
(104,551)
|
|
(16,226)
|
Sales and
marketing
|
|
|
(64,792)
|
|
(32,878)
|
|
(5,103)
|
General and
administrative
|
|
|
(58,308)
|
|
(157,678)
|
|
(24,471)
|
Research and
development
|
|
|
(51,100)
|
|
(40,071)
|
|
(6,219)
|
Changes in guarantee
liabilities and risk assurance liabilities(1)
|
362,413
|
|
42,773
|
|
6,638
|
Provision for
receivables and other assets
|
|
|
(89,466)
|
|
19,167
|
|
2,975
|
Total operating
cost and expenses
|
|
|
(100,040)
|
|
(273,238)
|
|
(42,406)
|
Other operating
income
|
|
|
18,375
|
|
8,693
|
|
1,349
|
|
|
|
|
|
|
|
|
Income from
operations
|
|
|
767,757
|
|
82,820
|
|
12,853
|
Interest and
investment income, net
|
|
|
(38,786)
|
|
(125,501)
|
|
(19,477)
|
Foreign exchange
loss, net
|
|
|
(2,596)
|
|
(229)
|
|
(36)
|
Other
income
|
|
|
613
|
|
15
|
|
2
|
Other
expenses
|
|
|
(3,462)
|
|
(2,176)
|
|
(337)
|
|
|
|
|
|
|
|
|
Net (loss)/income
before income taxes
|
|
|
723,526
|
|
(45,071)
|
|
(6,995)
|
Income tax
expenses
|
|
|
(131,264)
|
|
(50,347)
|
|
(7,814)
|
|
|
|
|
|
|
|
|
Net
(loss)/income
|
|
|
592,262
|
|
(95,418)
|
|
(14,809)
|
Net (loss)/profit
attributable to non-controlling
interest shareholders
|
|
|
-
|
|
(1,248)
|
|
(194)
|
|
|
|
|
|
|
|
|
Net (loss)/income
attributable to Qudian
Inc.'s shareholders
|
|
|
592,262
|
|
(94,170)
|
|
(14,615)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/Earnings per
share for Class A and Class
B ordinary shares:
|
|
|
|
|
|
|
|
Basic
|
|
|
2.34
|
|
(0.37)
|
|
(0.06)
|
Diluted
|
|
|
2.22
|
|
(0.37)
|
|
(0.06)
|
|
|
|
|
|
|
|
|
(Loss)/Earnings per
ADS (1 Class A ordinary
share equals 1 ADSs):
|
|
|
|
|
|
|
|
Basic
|
|
|
2.34
|
|
(0.37)
|
|
(0.06)
|
Diluted
|
|
|
2.22
|
|
(0.37)
|
|
(0.06)
|
|
|
|
|
|
|
|
|
Weighted average
number of Class A and Class
B ordinary shares outstanding:
|
|
|
|
|
|
|
|
Basic
|
|
|
253,523,668
|
|
253,649,009
|
|
253,649,009
|
Diluted
|
|
|
268,752,268
|
|
266,458,506
|
|
266,458,506
|
|
|
|
|
|
|
|
|
Other
comprehensive (loss)/income:
|
|
|
|
|
|
|
|
Foreign currency
translation adjustment
|
|
|
(13,991)
|
|
(234)
|
|
(36)
|
|
|
|
|
|
|
|
|
Total
comprehensive (loss)/income
|
|
|
578,271
|
|
(95,652)
|
|
(14,845)
|
|
|
|
|
|
|
|
|
Total
comprehensive (loss)/income
attributable to Qudian Inc.'s
shareholders
|
|
|
578,271
|
|
(95,652)
|
|
(14,845)
|
|
|
|
|
|
|
|
|
Note:
(1):The amount includes the change in fair value of the guarantee
liabilities accounted in accordance with ASC
815,"Derivative", and the
change in risk assurance liabilities accounted in accordance with
ASC 450, "Contingencies" and ASC 460, "Guarantees".
|
QUDIAN
INC.
|
Unaudited
Condensed Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June
30,
|
|
As of September
30,
|
(In thousands except
for number
|
|
|
2021
|
|
2021
|
of shares and
per-share data)
|
|
|
(Unaudited)
|
|
(Unaudited)
|
(Unaudited)
|
|
|
|
RMB
|
|
RMB
|
US$
|
ASSETS:
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
3,133,623
|
|
1,693,311
|
262,798
|
Restricted
cash
|
|
|
296,915
|
|
287,298
|
44,588
|
Short-term
investments
|
|
|
5,024,942
|
|
6,090,132
|
945,174
|
Short-term loan
principal and financing service fee
receivables
|
|
|
3,150,299
|
|
2,741,639
|
425,496
|
Short-term
finance lease receivables
|
|
|
88,805
|
|
62,046
|
9,629
|
Short-term
contract assets
|
|
|
26,422
|
|
13,020
|
2,021
|
Other current
assets
|
|
|
679,604
|
|
1,222,449
|
189,720
|
Total
current assets
|
|
|
12,400,610
|
|
12,109,895
|
1,879,426
|
|
|
|
|
|
|
|
Non-current
assets:
|
|
|
|
|
|
|
Long-term
finance lease receivables
|
|
|
3,818
|
|
1,807
|
280
|
Operating lease
right-of-use assets
|
|
|
526,259
|
|
653,719
|
101,456
|
Investment in
equity method investee
|
|
|
367,148
|
|
218,944
|
33,980
|
Long-term
investments
|
|
|
243,668
|
|
255,308
|
39,623
|
Property and
equipment, net
|
|
|
436,007
|
|
556,825
|
86,418
|
Intangible
assets
|
|
|
8,733
|
|
9,375
|
1,455
|
Long-term
contract assets
|
|
|
6,154
|
|
2,072
|
322
|
Deferred tax
assets, net
|
|
|
68,231
|
|
56,315
|
8,740
|
Other
non-current assets
|
|
|
463,042
|
|
567,844
|
88,127
|
Total
non-current assets
|
|
|
2,123,060
|
|
2,322,209
|
360,401
|
|
|
|
|
|
|
|
TOTAL
ASSETS
|
|
|
14,523,670
|
|
14,432,104
|
2,239,827
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
QUDIAN
INC.
|
Unaudited
Condensed Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June
30,
|
|
As of September
30,
|
(In thousands except
for number
|
|
|
2021
|
|
2021
|
of shares and
per-share data)
|
|
|
(Unaudited)
|
|
(Unaudited)
|
(Unaudited)
|
|
|
|
RMB
|
|
RMB
|
US$
|
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
Short-term
lease liabilities
|
|
|
51,388
|
|
64,738
|
10,047
|
Accrued
expenses and other current liabilities
|
|
|
415,047
|
|
375,851
|
58,332
|
Guarantee
liabilities and risk assurance liabilities(1)
|
|
|
3,252
|
|
1,184
|
184
|
Income tax
payable
|
|
|
34,354
|
|
52,639
|
8,169
|
Total
current liabilities
|
|
|
504,041
|
|
494,412
|
76,732
|
|
|
|
|
|
|
|
Non-current
liabilities:
|
|
|
|
|
Deferred tax
liabilities, net
|
|
|
12,182
|
|
27,647
|
4,291
|
Convertible
senior notes
|
|
|
817,685
|
|
687,108
|
106,637
|
Long-term lease
liabilities
|
|
|
369,666
|
|
488,060
|
75,746
|
Long-term
borrowings and interest payables
|
|
|
145,312
|
|
145,312
|
22,552
|
Other
non-current liabilities
|
|
|
-
|
|
3,268
|
507
|
|
|
|
|
|
|
|
Total
non-current liabilities
|
|
|
1,344,845
|
|
1,351,395
|
209,733
|
Total
liabilities
|
|
|
1,848,886
|
|
1,845,807
|
286,465
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholders' equity:
|
|
|
|
|
|
|
Class A
Ordinary shares
|
|
|
132
|
|
132
|
20
|
Class B
Ordinary shares
|
|
|
44
|
|
44
|
7
|
Treasury
shares
|
|
|
(352,533)
|
|
(348,534)
|
(54,092)
|
Additional
paid-in capital
|
|
|
4,010,672
|
|
4,013,840
|
622,938
|
Accumulated
other comprehensive loss
|
|
|
(56,247)
|
|
(56,480)
|
(8,766)
|
Retained
earnings
|
|
|
9,063,688
|
|
8,969,516
|
1,392,048
|
Total Qudian
Inc. shareholders' equity
|
|
|
12,665,756
|
|
12,578,518
|
1,952,155
|
|
|
|
|
|
|
|
Non-controlling interests
|
|
|
9,028
|
|
7,779
|
1,207
|
|
|
|
|
|
|
|
Total
equity
|
|
|
12,674,784
|
|
12,586,297
|
1,953,362
|
|
|
|
|
|
|
|
TOTAL LIABILITIES
AND SHAREHOLDERS'
EQUITY
|
|
|
14,523,670
|
|
14,432,104
|
2,239,827
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note:
(1) The amount includes the balance of the guarantee liabilities
accounted in accordance with ASC
815,"Derivative", and the balance of risk assurance liabilities
accounted in accordance with ASC 450,
"Contingencies" and ASC 460, "Guarantees".
|
QUDIAN
INC.
|
Unaudited
Reconciliation of GAAP And Non-GAAP Results
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
September 30,
|
|
|
|
2020
|
|
2021
|
(In thousands except
for number
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
of shares and
per-share data)
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net
(loss)/income attributable to Qudian Inc.'s
shareholders
|
|
592,262
|
|
(94,170)
|
|
(14,615)
|
Add: Share-based
compensation expenses
|
|
|
6,663
|
|
7,167
|
|
1,112
|
Less: Convertible
bonds buyback income
|
|
|
22,490
|
|
12,082
|
|
1,875
|
Non-GAAP net
(loss)/income attributable to Qudian Inc.'s
shareholders
|
576,435
|
|
(99,085)
|
|
(15,378)
|
|
|
|
|
|
|
|
|
Non-GAAP net
(loss)/income per share—basic
|
|
|
2.27
|
|
(0.39)
|
|
(0.06)
|
Non-GAAP net
(loss)/income per share—diluted
|
|
|
2.16
|
|
(0.39)
|
|
(0.06)
|
Weighted average
shares outstanding—basic
|
|
|
253,523,668
|
|
253,649,009
|
|
253,649,009
|
Weighted average
shares outstanding—diluted
|
|
|
268,752,268
|
|
266,458,506
|
|
266,458,506
|
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SOURCE Qudian Inc.