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Stock impact report

Quhuo Reports Unaudited Financial Results for the First Half of 2024

Quhuo Limited - American Depository Shares (QH) 
Company Research Source: PR Newswire
BEIJING, Aug. 28, 2024 /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 ended June 30, 2024.Financial and Operational Highlights for the First Half of 2024 Revenues from mobility service solutions were RMB 100.5 million (US$13.8 million), representing an increase of 71.7% year-over-year.General and administrative expenses were RMB70.9 million (US$9.8 million), representing a decrease of 13.2% year-over-year.Quhuo International has signed service contracts for over 3,000 units of vehicles under its vehicle export solutions, of which 815 units have been shipped in the first half of 2024.The Company has expanded services to 132 cities nationwide, representing a year-over-year increase from 119 cities in the first half of 2023.Mr. Leslie Yu, Chairman and CEO of Quhuo, stated, "We are pleased to conclude that in the fi Show less Read more
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