Qudian Inc., a consumer-oriented technology company in China, has reported its unaudited financial results for the second quarter of 2025. The company experienced a significant decline in total revenues, which fell to RMB3.5 million (US$0.5 million) from RMB53.3 million in the same period last year. This decrease is primarily attributed to reduced sales income from the last-mile delivery business amid increased industry competition. Consequently, the company has decided to wind down its last-mile delivery operations. Despite the revenue drop, Qudian's net income attributable to shareholders surged to RMB311.8 million (US$43.5 million), compared to RMB99.8 million in the second quarter of 2024. Net income per diluted ADS was RMB1.86 (US$0.26). This increase in net income was mainly driven by a substantial rise in interest and investment income, which grew by 392.3% to RMB440.5 million (US$61.5 million). The company reported a loss from operations amounting to RMB113.9 million (US$15.9 million), up from RMB57.4 million in the previous year, largely due to the business wind-down and increased expenses following the completion of its headquarters construction. Total operating costs and expenses rose to RMB117.7 million (US$16.4 million) from RMB110.8 million in the same period of 2024. Qudian's cash and cash equivalents stood at RMB4,029.0 million (US$562.4 million) as of June 30, 2025, with restricted cash of RMB782.3 million (US$109.2 million). The company remains focused on sustaining growth and creating shareholder value through prudent cash management and strategic business transitions.