Qudian Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 55.85 million compared to CNY 21.86 million a year ago. Revenue was CNY 55.85 million compared to CNY 21.86 million a year ago.

Net loss was CNY 73.61 million compared to net income of CNY 414.3 million a year ago. Basic loss per share from continuing operations was CNY 0.38 compared to basic earnings per share from continuing operations of CNY 1.82 a year ago. Diluted loss per share from continuing operations was CNY 0.38 compared to diluted earnings per share from continuing operations of CNY 1.81 a year ago.