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Baozun Announces Third Quarter 2025 Unaudited Financial Results

Qudian's Q3 2025 revenue fell sharply by 84.5% due to last-mile delivery wind-down, but net income rose to RMB409.9 million (US$57.6 million) from higher investment gains.

  • Qudian's Q3 2025 results show net profit of US$15.0 million and RMB384.0 million in operating cash, according to the company's reports.
  • During the quarter, investing activity produced RMB2,508.5 million in net cash for Qudian Inc., mainly from redemption of short-term investments.
  • Compared with Q3 2024, Qudian's net profit rose from a loss of US$4.4 million to US$15.0 million, with a 10.8% operating margin, the company reported.
  • Combined cash from operations and investing for Qudian Inc. included RMB2,508.5 million in investing inflows and RMB384.0 million in operating cash.
  • The quarter's cash and profit performance positions Qudian Inc. with RMB2,508.5 million investing proceeds and RMB384.0 million operating cash generation.
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PR Newswire broke the news in United States on Monday, November 24, 2025.
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