The revenue of qudian in the third quarter was 347 million yuan, down 59% year-on-year

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Tencent technology news on December 13, qudian today released the third quarter financial report of 2021 as of September 30, The total revenue was 347.4 million yuan (about 53.9 million U.S. dollars), down 59.1% from 849.4 million yuan in the same period of last year. The net loss was 94.2 million yuan (about 14.6 million U.S. dollars), while the net profit in the same period of last year was 592.3 million yuan. The net loss was 99.1 million yuan if it was not in accordance with non GAAP (about US $15.4 million), while the net profit in the same period last year was RMB 576.4 million.
Third quarter operating results:
As of September 30, 2021, the number of outstanding borrowers was 2.8 million, a decrease of 3.1% compared with 2.9 million as of June 30, 2021.
As of September 30, 2021, the total outstanding loan balance was RMB 3 billion, down 14.4% month on month.
The transaction volume was 3.4 billion yuan, down 12.1% month on month.
The weighted average loan term is 4.3 months, compared with 4.4 months in the second quarter of 2021.
Third quarter financial results:
The total revenue was 347.4 million yuan (about 53.9 million US dollars), down 59.1% from 849.4 million yuan in the same period last year.
The total operating costs and expenses were RMB 273.2 million (about US $42.4 million), compared with RMB 100 million in the same period last year.
The revenue cost was 104.6 million yuan (about US $16.2 million), down 47.4% from 198.8 million yuan in the same period last year.
R & D expenditure was 40.1 million yuan (about 6.2 million US dollars), down 21.6% from 51.1 million yuan in the same period last year.
The operating profit was 82.8 million yuan (about 12.9 million US dollars), compared with 767.8 million yuan in the same period last year.
The net loss attributable to shareholders of qudian was 94.2 million yuan (about 14.6 million US dollars), while the net profit in the same period last year was 592.3 million yuan. The diluted loss per American depositary share (ads) was 0.37 yuan (about 0.06 US dollars).
Not in accordance with non GAAP, the net loss attributable to shareholders of qudian was 99.1 million yuan (about 15.4 million US dollars), while the net profit in the same period last year was 576.4 million yuan. The diluted loss per American depositary share (ads) was 0.39 yuan (about 0.06 US dollars).
cash flow
As of September 30, 2021, qudian had cash and cash equivalents of RMB 1693.3 million (about US $262.8 million) and restricted cash of RMB 287.3 million (about US $44.6 million).