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Name | Symbol | Market | Type |
---|---|---|---|
Quhuo Ltd | NASDAQ:QH | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 2.04% | 0.50 | 0.47 | 0.50 | 0.53 | 0.48 | 0.50 | 37,817 | 19:22:38 |
| | | | | S-1 | | | |
| | | | | S-3 | | | |
| | | | | S-21 | | | |
| | | | | S-23 | | | |
| | | | | S-27 | | | |
| | | | | S-33 | | | |
| | | | | S-34 | | | |
| | | | | S-35 | | | |
| | | | | S-36 | | | |
| | | | | S-37 | | | |
| | | | | S-38 | | | |
| | | | | S-39 | | | |
| | | | | S-42 | | | |
| | | | | S-51 | | | |
| | | | | S-52 | | | |
| | | | | S-53 | | | |
| | | | | S-54 | | | |
| | | | | S-55 | | |
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As of December 31, 2021
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Cash
|
| | | | 8,612 | | | | | | 518 | | | | | | 19,463 | | | | | | — | | | | | | 28,593 | | |
Inter-group balance due from
|
| | | | 82,687 | | | | | | 87,688 | | | | | | 7,823 | | | | | | (178,198) | | | | | | — | | |
Other current assets
|
| | | | 109,282 | | | | | | 2,104 | | | | | | 625,242 | | | | | | 2,215 | | | | | | 738,843 | | |
Total current assets
|
| | | | 200,581 | | | | | | 90,310 | | | | | | 652,528 | | | | | | (175,983) | | | | | | 767,436 | | |
Investment in subsidiaries, the VIE and its subsidiaries
|
| | | | 270,360 | | | | | | — | | | | | | — | | | | | | (270,360) | | | | | | — | | |
Other non-current assets
|
| | | | — | | | | | | 305 | | | | | | 377,634 | | | | | | — | | | | | | 377,939 | | |
Total non-current assets
|
| | | | 270,360 | | | | | | 305 | | | | | | 377,634 | | | | | | (270,360) | | | | | | 377,939 | | |
| | |
As of December 31, 2021
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Total assets
|
| | | | 470,941 | | | | | | 90,615 | | | | | | 1,030,162 | | | | | | (446,343) | | | | | | 1,145,375 | | |
Inter-group balance due to
|
| | | | — | | | | | | 93,009 | | | | | | 87,688 | | | | | | (180,697) | | | | | | — | | |
Other liabilities
|
| | | | — | | | | | | 3,489 | | | | | | 660,276 | | | | | | (1,825) | | | | | | 661,940 | | |
Total liabilities
|
| | | | — | | | | | | 96,498 | | | | | | 747,964 | | | | | | (182,522) | | | | | | 661,940 | | |
Total shareholders’ equity
|
| | | | 470,941 | | | | | | (5,883) | | | | | | 282,198 | | | | | | (263,821) | | | | | | 483,435 | | |
Total liabilities and shareholders’ equity
|
| | | | 470,941 | | | | | | 90,615 | | | | | | 1,030,162 | | | | | | (446,343) | | | | | | 1,145,375 | | |
|
| | |
As of December 31, 2022
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Cash
|
| | | | 7,157 | | | | | | 708 | | | | | | 87,579 | | | | | | — | | | | | | 95,444 | | |
Inter-group balance due from
|
| | | | 88,264 | | | | | | 58,489 | | | | | | 18 | | | | | | (146,771) | | | | | | — | | |
Other current assets
|
| | | | 61,855 | | | | | | 22,646 | | | | | | 560,516 | | | | | | (21,240) | | | | | | 623,777 | | |
Total current assets
|
| | | | 157,276 | | | | | | 81,843 | | | | | | 648,113 | | | | | | (168,011) | | | | | | 719,221 | | |
Investment in subsidiaries, the VIE and its subsidiaries
|
| | | | 345,026 | | | | | | — | | | | | | — | | | | | | (345,026) | | | | | | — | | |
Other non-current assets
|
| | | | — | | | | | | 227 | | | | | | 336,169 | | | | | | — | | | | | | 336,396 | | |
Total non-current assets
|
| | | | 345,026 | | | | | | 227 | | | | | | 336,169 | | | | | | (345,026) | | | | | | 336,396 | | |
Total assets
|
| | | | 502,302 | | | | | | 82,070 | | | | | | 984,282 | | | | | | (513,037) | | | | | | 1,055,617 | | |
Inter-group balance due to
|
| | | | — | | | | | | 88,282 | | | | | | 58,489 | | | | | | (146,771) | | | | | | — | | |
Other liabilities
|
| | | | 1,140 | | | | | | 823 | | | | | | 500,912 | | | | | | 55,165 | | | | | | 558,040 | | |
Total liabilities
|
| | | | 1,140 | | | | | | 89,105 | | | | | | 559,401 | | | | | | (91,606) | | | | | | 558,040 | | |
Total shareholders’ equity
|
| | | | 501,162 | | | | | | (7,035) | | | | | | 424,881 | | | | | | (421,431) | | | | | | 497,577 | | |
Total liabilities and shareholders’ equity
|
| | | | 502,302 | | | | | | 82,070 | | | | | | 984,282 | | | | | | (513,037) | | | | | | 1,055,617 | | |
| | |
As of June 30, 2022
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE
|
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Cash
|
| | | | 6,250 | | | | | | 526 | | | | | | 38,214 | | | | | | — | | | | | | 44,990 | | |
Inter-group balance due from VIE, WFOE and
subsidiaries |
| | | | 92,657 | | | | | | 77,062 | | | | | | — | | | | | | (169,719) | | | | | | — | | |
Other current assets
|
| | | | 88,857 | | | | | | 9,334 | | | | | | 541,578 | | | | | | (182) | | | | | | 639,587 | | |
Total current assets
|
| | | | 187,764 | | | | | | 86,922 | | | | | | 579,792 | | | | | | (169,901) | | | | | | 684,577 | | |
Investment in subsidiaries
|
| | | | 281,879 | | | | | | — | | | | | | — | | | | | | (281,879) | | | | | | — | | |
Other non-current assets
|
| | | | — | | | | | | 276 | | | | | | 363,298 | | | | | | — | | | | | | 363,574 | | |
Total non-current assets
|
| | | | 281,879 | | | | | | 276 | | | | | | 363,298 | | | | | | (281,879) | | | | | | 363,574 | | |
Total assets
|
| | | | 469,643 | | | | | | 87,198 | | | | | | 943,090 | | | | | | (451,780) | | | | | | 1,048,151 | | |
Inter-group balance due to Parent, VIE, WFOE and subsidiaries
|
| | | | — | | | | | | 92,692 | | | | | | 77,062 | | | | | | (169,754) | | | | | | — | | |
Other liabilities
|
| | | | 5,693 | | | | | | 342 | | | | | | 497,513 | | | | | | 66,477 | | | | | | 570,025 | | |
Total liabilities
|
| | | | 5,693 | | | | | | 93,034 | | | | | | 574,575 | | | | | | (103,277) | | | | | | 570,025 | | |
| | |
As of June 30, 2022
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE
|
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Total shareholders’ equity/(deficit)
|
| | | | 463,950 | | | | | | (5,835) | | | | | | 368,515 | | | | | | (348,504) | | | | | | 478,126 | | |
Total liabilities, mezzanine equity and shareholders’ equity/(deficit)
|
| | | | 469,643 | | | | | | 87,199 | | | | | | 943,090 | | | | | | (451,781) | | | | | | 1,048,151 | | |
|
| | |
As of June 30, 2023
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE
|
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Cash
|
| | | | 24,675 | | | | | | 3,730 | | | | | | 86,635 | | | | | | — | | | | | | 115,040 | | |
Inter-group balance due from VIE, WFOE and
subsidiaries |
| | | | 81,503 | | | | | | 47,089 | | | | | | — | | | | | | (128,592) | | | | | | — | | |
Other current assets
|
| | | | 63,056 | | | | | | 24,207 | | | | | | 543,662 | | | | | | (10,420) | | | | | | 620,505 | | |
Total current assets
|
| | | | 169,234 | | | | | | 75,026 | | | | | | 630,297 | | | | | | (139,012) | | | | | | 735,545 | | |
Investment in subsidiaries
|
| | | | 336,941 | | | | | | — | | | | | | — | | | | | | (336,941) | | | | | | — | | |
Other non-current assets
|
| | | | — | | | | | | 166 | | | | | | 350,039 | | | | | | (1) | | | | | | 350,204 | | |
Total non-current assets
|
| | | | 336,941 | | | | | | 166 | | | | | | 350,039 | | | | | | (336,942) | | | | | | 350,204 | | |
Total assets
|
| | | | 506,175 | | | | | | 75,192 | | | | | | 980,336 | | | | | | (475,954) | | | | | | 1,085,749 | | |
Inter-group balance due to Parent, VIE, WFOE and subsidiaries
|
| | | | — | | | | | | 81,513 | | | | | | 47,089 | | | | | | (128,602) | | | | | | — | | |
Other liabilities
|
| | | | 7,255 | | | | | | 215 | | | | | | 530,377 | | | | | | 48,609 | | | | | | 586,456 | | |
Total liabilities
|
| | | | 7,255 | | | | | | 81,728 | | | | | | 577,466 | | | | | | (79,993) | | | | | | 586,456 | | |
Total shareholders’ equity/(deficit)
|
| | | | 498,920 | | | | | | (6,537) | | | | | | 402,870 | | | | | | (395,960) | | | | | | 499,293 | | |
Total liabilities, mezzanine equity and shareholders’ equity/(deficit)
|
| | | | 506,175 | | | | | | 75,191 | | | | | | 980,336 | | | | | | (475,953) | | | | | | 1,085,749 | | |
| | |
Year Ended December 31, 2020
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Revenues
|
| | | | — | | | | | | 16,579 | | | | | | 2,580,810 | | | | | | (16,579) | | | | | | 2,580,810 | | |
Cost of revenues
|
| | | | (2,175) | | | | | | — | | | | | | (2,386,124) | | | | | | — | | | | | | (2,388,299) | | |
Operating and other expenses
|
| | | | (51,907) | | | | | | (15,705) | | | | | | (128,643) | | | | | | (1,860) | | | | | | (198,115) | | |
(Loss)/gain from VIE and its subsidiaries
|
| | | | 57,512 | | | | | | — | | | | | | — | | | | | | (57,512) | | | | | | — | | |
Net income/(loss)
|
| | | | 3,430 | | | | | | 874 | | | | | | 66,043 | | | | | | (75,951) | | | | | | (5,604) | | |
| | |
Year Ended December 31, 2021
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Revenues
|
| | | | — | | | | | | 13,766 | | | | | | 4,025,279 | | | | | | (13,766) | | | | | | 4,025,279 | | |
Cost of revenues
|
| | | | — | | | | | | (97) | | | | | | (3,849,585) | | | | | | — | | | | | | (3,849,682) | | |
Operating and other expenses
|
| | | | (54,353) | | | | | | (16,241) | | | | | | (296,233) | | | | | | — | | | | | | (366,827) | | |
(Loss)/gain from VIE and its subsidiaries
|
| | | | (103,554) | | | | | | — | | | | | | — | | | | | | 103,554 | | | | | | — | | |
Net (loss)/income
|
| | | | (157,907) | | | | | | (2,572) | | | | | | (120,539) | | | | | | 89,788 | | | | | | (191,230) | | |
| | |
Year Ended December 31, 2022
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Revenues
|
| | | | — | | | | | | 13,864 | | | | | | 3,820,378 | | | | | | (13,864) | | | | | | 3,820,378 | | |
Cost of revenues
|
| | | | — | | | | | | (63) | | | | | | (3,567,627) | | | | | | — | | | | | | (3,567,690) | | |
Operating and other expenses
|
| | | | (58,391) | | | | | | (17,279) | | | | | | (190,812) | | | | | | (2,620) | | | | | | (269,102) | | |
(Loss)/gain from VIE and its subsidiaries
|
| | | | 45,261 | | | | | | — | | | | | | — | | | | | | (45,261) | | | | | | — | | |
Net (loss)/income
|
| | | | (13,130) | | | | | | (3,478) | | | | | | 61,939 | | | | | | (61,745) | | | | | | (16,414) | | |
| | |
For Six Months Ended June 30, 2022
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Revenue
|
| | | | — | | | | | | 9,460 | | | | | | 1,863,795 | | | | | | (9,460) | | | | | | 1,863,795 | | |
Cost of revenue
|
| | | | — | | | | | | (7) | | | | | | (1,769,860) | | | | | | — | | | | | | (1,769,867) | | |
Operating and other income/(expenses)
|
| | | | (27,982) | | | | | | (11,731) | | | | | | (80,802) | | | | | | — | | | | | | (120,515) | | |
Gain/(loss) from VIE and its subsidiaries
|
| | | | 3,029 | | | | | | — | | | | | | — | | | | | | (3,029) | | | | | | — | | |
Net(loss)/income
|
| | | | (24,953) | | | | | | (2,278) | | | | | | 13,133 | | | | | | (12,489) | | | | | | (26,587) | | |
| | |
For the Six Months Ended June 30, 2023
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Revenue
|
| | | | 11,981 | | | | | | 8,432 | | | | | | 1,724,336 | | | | | | (8,432) | | | | | | 1,736,317 | | |
Cost of revenue
|
| | | | (11,868) | | | | | | (16) | | | | | | (1,657,631) | | | | | | — | | | | | | (1,669,515) | | |
Operating and other income/(expenses)
|
| | | | (2,785) | | | | | | (7,917) | | | | | | (61,678) | | | | | | (113) | | | | | | (72,493) | | |
Loss from VIE and its subsidiaries
|
| | | | (6,864) | | | | | | — | | | | | | — | | | | | | 6,864 | | | | | | — | | |
Net(loss)/income
|
| | | | (9,536) | | | | | | 499 | | | | | | 5,027 | | | | | | (1,681) | | | | | | (5,691) | | |
| | |
Year Ended December 31, 2020
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Net cash (used in)/provided by operating activities
|
| | | | (4,233) | | | | | | 2,009 | | | | | | 30,389 | | | | | | (17,055) | | | | | | 11,110 | | |
Net cash (used in)/provided by investing activities
|
| | | | (129,854) | | | | | | (89,197) | | | | | | (56,535) | | | | | | 88,503 | | | | | | (187,083) | | |
| | |
Year Ended December 31, 2020
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Net cash provided/(used in) by financing activities
|
| | | | 143,972 | | | | | | 87,688 | | | | | | (7,119) | | | | | | (71,448) | | | | | | 153,093 | | |
Effect of exchange rate changes
|
| | | | (146) | | | | | | 6 | | | | | | (4) | | | | | | — | | | | | | (144) | | |
Net increase/(decrease) in cash and restricted
cash |
| | | | 9,739 | | | | | | 506 | | | | | | (33,269) | | | | | | — | | | | | | (23,024) | | |
| | |
Year Ended December 31, 2021
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Net cash used in by operating activities
|
| | | | (1,015) | | | | | | (2,179) | | | | | | (27,699) | | | | | | — | | | | | | (30,893) | | |
Net cash (used in)/provided by investing activities
|
| | | | — | | | | | | (1,190) | | | | | | (112,604) | | | | | | 3,381 | | | | | | (110,413) | | |
Net cash provided/(used in) by financing activities
|
| | | | 1 | | | | | | 3,380 | | | | | | 68,673 | | | | | | (3,381) | | | | | | 68,673 | | |
Effect of exchange rate changes
|
| | | | (214) | | | | | | — | | | | | | — | | | | | | — | | | | | | (214) | | |
Net (decrease)/increase in cash and restricted cash
|
| | | | (1,228) | | | | | | 11 | | | | | | (71,630) | | | | | | — | | | | | | (72,847) | | |
| | |
Year Ended December 31, 2022
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Net cash (used in)/provided by operating activities
|
| | | | (7,664) | | | | | | (31,672) | | | | | | 114,059 | | | | | | — | | | | | | 74,723 | | |
Net cash provided by investing activities
|
| | | | 5,582 | | | | | | 2,663 | | | | | | 39,767 | | | | | | 29,199 | | | | | | 77,211 | | |
Net cash provided/(used in) by financing activities
|
| | | | — | | | | | | 29,199 | | | | | | (82,140) | | | | | | (29,199) | | | | | | (82,140) | | |
Effect of exchange rate changes
|
| | | | 627 | | | | | | — | | | | | | (306) | | | | | | — | | | | | | 321 | | |
Net (decrease)/increase in cash and restricted
cash |
| | | | (1,455) | | | | | | 190 | | | | | | 71,380 | | | | | | — | | | | | | 70,115 | | |
| | |
For Six Months Ended June 30, 2022
|
| |||||||||||||||||||||||||||
| | |
Quhuo Limited
|
| |
WFOE
|
| |
VIE
|
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Net cash (used in)/provided by operating activities
|
| | | | (2,735) | | | | | | (13,059) | | | | | | 12,892 | | | | | | — | | | | | | (2,902) | | |
Net cash provided by investing activities
|
| | | | — | | | | | | 2,443 | | | | | | 45,165 | | | | | | 10,626 | | | | | | 58,234 | | |
Net cash provided/(used in) by financing activities
|
| | | | — | | | | | | 10,625 | | | | | | (41,443) | | | | | | (10,626) | | | | | | (41,444) | | |
Effect of exchange rate changes on cash
|
| | | | 372 | | | | | | — | | | | | | (182) | | | | | | — | | | | | | 190 | | |
Net (decrease)/increase in cash and cash equivalents
|
| | | | (2,363) | | | | | | 9 | | | | | | 16,432 | | | | | | — | | | | | | 14,078 | | |
| | |
For the Six Months Ended June 30, 2023
|
| |||||||||||||||||||||||||||
| | |
Quhuo
|
| |
WFOE
|
| |
VIE
|
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Net cash provided/(used in) by operating activities
|
| | | | 16,825 | | | | | | (8,355) | | | | | | (30,836) | | | | | | — | | | | | | (22,366) | | |
Net cash provided/(used in) by investing activities
|
| | | | 139 | | | | | | (22) | | | | | | (6,036) | | | | | | 11,400 | | | | | | 5,481 | | |
Net cash provided/(used in) by financing activities
|
| | | | — | | | | | | 11,400 | | | | | | 30,280 | | | | | | (11,400) | | | | | | 30,280 | | |
Effect of exchange rate changes on cash
|
| | | | 554 | | | | | | — | | | | | | 218 | | | | | | — | | | | | | 772 | | |
Net increase/(decrease) in cash and cash
equivalents |
| | | | 17,518 | | | | | | 3,023 | | | | | | (6,374) | | | | | | — | | | | | | 14,167 | | |
| | |
Year Ended December 31,
|
| |
Six Months Ended June 30,
|
| ||||||||||||||||||||||||||||||||||||
| | |
2020
|
| |
2021
|
| |
2022
|
| |
2022
|
| |
2023
|
| |||||||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |||||||||||||||||||||
| | |
(in thousands, except for share and per share data)
|
| | ||||||||||||||||||||||||||||||||||||||
Revenues | | | | | 2,580,810 | | | | | | 4,025,279 | | | | | | 3,820,378 | | | | | | 553,903 | | | | | | 1,863,795 | | | | | | 1,736,317 | | | | | | 239,449 | | |
Cost of revenues
|
| | | | (2,388,299) | | | | | | (3,849,682) | | | | | | (3,567,690) | | | | | | (517,266) | | | | | | (1,769,867) | | | | | | (1,669,515) | | | | | | (230,237) | | |
General and administrative expenses
|
| | | | (202,963) | | | | | | (240,749) | | | | | | (213,592) | | | | | | (30,968) | | | | | | (99,525) | | | | | | (81,611) | | | | | | (11,255) | | |
Research and development expenses
|
| | | | (13,095) | | | | | | (20,122) | | | | | | (12,540) | | | | | | (1,818) | | | | | | (7,161) | | | | | | (6,645) | | | | | | (916) | | |
Gain/(loss) on disposal of assets, net
|
| | | | 3,243 | | | | | | (2,564) | | | | | | 13,975 | | | | | | 2,026 | | | | | | 4,732 | | | | | | 8,916 | | | | | | 1,230 | | |
Goodwill impairment
|
| | | | (336) | | | | | | (51,971) | | | | | | (4,882) | | | | | | (708) | | | | | | — | | | | | | — | | | | | | — | | |
Total operating expenses
|
| | | | (213,151) | | | | | | (315,406) | | | | | | (217,039) | | | | | | (31,468) | | | | | | (101,954) | | | | | | (79,340) | | | | | | (10,941) | | |
Operating (loss)/income
|
| | | | (20,640) | | | | | | (139,809) | | | | | | 35,649 | | | | | | 5,169 | | | | | | (8,026) | | | | | | (12,538) | | | | | | (1,729) | | |
Interest income
|
| | | | 824 | | | | | | 644 | | | | | | 690 | | | | | | 100 | | | | | | 191 | | | | | | 742 | | | | | | 102 | | |
Interest expense
|
| | | | (8,068) | | | | | | (7,026) | | | | | | (5,683) | | | | | | (824) | | | | | | (3,786) | | | | | | (2,323) | | | | | | (320) | | |
Other income, net
|
| | | | 49,218 | | | | | | (33,964) | | | | | | (26,068) | | | | | | (3,780) | | | | | | (8,282) | | | | | | 6,034 | | | | | | 832 | | |
Foreign exchange (loss)/gain
|
| | | | (1,510) | | | | | | 952 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Income/(loss) before income tax
|
| | | | 19,824 | | | | | | (179,203) | | | | | | 4,588 | | | | | | 665 | | | | | | (19,903) | | | | | | (8,085) | | | | | | (1,115) | | |
Income tax expense
|
| | | | (25,428) | | | | | | (12,027) | | | | | | (21,002) | | | | | | (3,045) | | | | | | (6,683) | | | | | | 2,395 | | | | | | 330 | | |
Net loss
|
| | | | (5,604) | | | | | | (191,230) | | | | | | (16,414) | | | | | | (2,380) | | | | | | (26,586) | | | | | | (5,690) | | | | | | (785) | | |
Net loss attributable to non-controlling
interests |
| | | | 9,034 | | | | | | 33,323 | | | | | | 3,284 | | | | | | 476 | | | | | | 1,633 | | | | | | (3,958) | | | | | | (546) | | |
Net income/(loss) attributable to ordinary shareholders of Quhuo Limited
|
| | | | 3,430 | | | | | | (157,907) | | | | | | (13,130) | | | | | | (1,904) | | | | | | (24,953) | | | | | | (9,648) | | | | | | (1,331) | | |
| | |
As of December 31,
|
| |
As of June 30,
|
| ||||||||||||||||||||||||
| | |
2021
|
| |
2022
|
| |
2022
|
| |
2023
|
| ||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
US$
|
| |||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||
ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Current assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Cash
|
| | | | 28,593 | | | | | | 95,444 | | | | | | 13,838 | | | | | | 115,040 | | | | | | 15,865 | | |
Restricted cash
|
| | | | 2,315 | | | | | | 5,579 | | | | | | 809 | | | | | | 150 | | | | | | 21 | | |
Short-term investments
|
| | | | 178,830 | | | | | | 64,355 | | | | | | 9,331 | | | | | | 63,056 | | | | | | 8,696 | | |
Accounts receivable, net
|
| | | | 510,683 | | | | | | 495,046 | | | | | | 71,775 | | | | | | 495,006 | | | | | | 68,264 | | |
Prepayments and other current assets
|
| | | | 42,228 | | | | | | 54,921 | | | | | | 7,963 | | | | | | 60,864 | | | | | | 8,394 | | |
Amounts due from related parties
|
| | | | 4,787 | | | | | | 3,876 | | | | | | 562 | | | | | | 1,430 | | | | | | 197 | | |
Total current assets
|
| | | | 767,436 | | | | | | 719,221 | | | | | | 104,278 | | | | | | 735,546 | | | | | | 101,437 | | |
Non-current assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Property and equipment, net
|
| | | | 14,914 | | | | | | 11,450 | | | | | | 1,660 | | | | | | 8,788 | | | | | | 1,212 | | |
Right-of-use assets, net
|
| | | | 7,964 | | | | | | 5,562 | | | | | | 806 | | | | | | 7,719 | | | | | | 1,064 | | |
Intangible assets, net
|
| | | | 124,259 | | | | | | 101,603 | | | | | | 14,731 | | | | | | 101,516 | | | | | | 14,000 | | |
Goodwill
|
| | | | 66,753 | | | | | | 65,481 | | | | | | 9,494 | | | | | | 65,481 | | | | | | 9,030 | | |
Deferred tax assets
|
| | | | 6,729 | | | | | | 12,000 | | | | | | 1,740 | | | | | | 20,466 | | | | | | 2,822 | | |
Other non-current assets
|
| | | | 157,320 | | | | | | 140,300 | | | | | | 20,342 | | | | | | 146,236 | | | | | | 20,167 | | |
Total non-current assets
|
| | | | 377,939 | | | | | | 336,396 | | | | | | 48,773 | | | | | | 350,206 | | | | | | 48,295 | | |
Total assets
|
| | | | 1,145,375 | | | | | | 1,055,617 | | | | | | 153,051 | | | | | | 1,085,752 | | | | | | 149,732 | | |
LIABILITIES AND SHAREHOLDERS’ EQUITY:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Current liabilities (including current liabilities of
the consolidated VIE without recourse to the primary beneficiary of RMB695,081, RMB489,301 and RMB506,292 (US$69,821) as of December 31, 2021 and 2022 and June 30, 2023, respectively): |
| | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Accounts payable
|
| | | | 334,083 | | | | | | 293,281 | | | | | | 42,522 | | | | | | 314,401 | | | | | | 43,358 | | |
Accrued expenses and other current liabilities
|
| | | | 120,971 | | | | | | 125,949 | | | | | | 18,261 | | | | | | 100,755 | | | | | | 13,895 | | |
Short-term debt
|
| | | | 148,441 | | | | | | 65,434 | | | | | | 9,487 | | | | | | 95,705 | | | | | | 13,198 | | |
Short-term lease liabilities
|
| | | | 5,317 | | | | | | 3,276 | | | | | | 475 | | | | | | 4,422 | | | | | | 610 | | |
Amounts due to related parties
|
| | | | 245 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total current liabilities
|
| | | | 609,057 | | | | | | 487,940 | | | | | | 70,745 | | | | | | 515,283 | | | | | | 71,061 | | |
Non-current liabilities (including non-current
liabilities of the consolidated VIE without recourse to the primary beneficiary of RMB52,883, RMB70,100 and RMB71,174 (US$9,815) as of December 31, 2021 and 2022 and June 30, 2023, respectively): |
| | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Long-term debt
|
| | | | 3 | | | | | | 1,303 | | | | | | 189 | | | | | | 1,583 | | | | | | 218 | | |
Long-term lease liabilities
|
| | | | 1,424 | | | | | | 1,103 | | | | | | 160 | | | | | | 2,066 | | | | | | 285 | | |
Deferred tax liabilities
|
| | | | 753 | | | | | | 814 | | | | | | 118 | | | | | | 924 | | | | | | 127 | | |
Other non-current liabilities
|
| | | | 50,703 | | | | | | 66,880 | | | | | | 9,697 | | | | | | 66,601 | | | | | | 9,185 | | |
Total non-current liabilities
|
| | | | 52,883 | | | | | | 70,100 | | | | | | 10,164 | | | | | | 71,174 | | | | | | 9,815 | | |
Total liabilities
|
| | | | 661,940 | | | | | | 558,040 | | | | | | 80,909 | | | | | | 586,457 | | | | | | 80,876 | | |
| | |
As of December 31,
|
| |
As of June 30,
|
| ||||||||||||||||||||||||
| | |
2021
|
| |
2022
|
| |
2022
|
| |
2023
|
| ||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
US$
|
| |||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||
Commitments and contingencies | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Shareholders’ equity: | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Ordinary shares (US$0.0001 par value;
300,000,000 Class A ordinary shares authorized, 46,379,583, 55,379,583 and 55,379,583 shares issued, and 40,377,645, 48,639,660 and 48,639,660 shares outstanding as of December 31, 2021 and 2022 and June 30, 2023, respectively; 6,296,630, 6,296,630 and 6,296,630 Class B ordinary shares authorized, issued and outstanding as of December 31, 2021 and 2022 and June 30, 2023, respectively; 193,703,370, 193,703,370 and 193,703,370 shares (undesignated) authorized, nil, nil and nil shares (undesignated) issued and outstanding as of December 31, 2021 and 2022 and June 30, 2023, respectively) |
| | | | 37 | | | | | | 43 | | | | | | 6 | | | | | | 43 | | | | | | 6 | | |
Additional paid-in capital
|
| | | | 1,855,897 | | | | | | 1,885,637 | | | | | | 273,392 | | | | | | 1,889,490 | | | | | | 260,573 | | |
Accumulated deficit
|
| | | | (1,366,734) | | | | | | (1,379,864) | | | | | | (200,061) | | | | | | (1,389,512) | | | | | | (191,622) | | |
Accumulated other comprehensive loss
|
| | | | (18,259) | | | | | | (4,654) | | | | | | (675) | | | | | | (1,099) | | | | | | (152) | | |
Total Quhuo Limited shareholders’ equity
|
| | | | 470,941 | | | | | | 501,162 | | | | | | 72,662 | | | | | | 498,922 | | | | | | 68,805 | | |
Non-controlling interests
|
| | | | 12,494 | | | | | | (3,585) | | | | | | (520) | | | | | | 373 | | | | | | 51 | | |
Total shareholders’ equity
|
| | | | 483,435 | | | | | | 497,577 | | | | | | 72,142 | | | | | | 499,295 | | | | | | 68,856 | | |
Total liabilities and shareholders’ equity
|
| | | | 1,145,375 | | | | | | 1,055,617 | | | | | | 153,051 | | | | | | 1,085,752 | | | | | | 149,732 | | |
| | |
For the year ended December 31,
|
| |
For the six months ended June 30,
|
| ||||||||||||||||||||||||||||||||||||
| | |
2020
|
| |
2021
|
| |
2022
|
| |
2022
|
| |
2023
|
| |||||||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |||||||||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||||||||||||||
Net cash provided by (used in) operating activities
|
| | | | 11,110 | | | | | | (30,893) | | | | | | 74,723 | | | | | | 10,833 | | | | | | (2,902) | | | | | | (22,364) | | | | | | (3,084) | | |
Net cash (used in) provided by investing activities
|
| | | | (187,083) | | | | | | (110,413) | | | | | | 77,211 | | | | | | 11,196 | | | | | | 58,234 | | | | | | 5,481 | | | | | | 756 | | |
Net cash provided by (used in) financing activities
|
| | | | 153,093 | | | | | | 68,673 | | | | | | (82,140) | | | | | | (11,909) | | | | | | (41,444) | | | | | | 30,280 | | | | | | 4,176 | | |
Effect of exchange rate changes on cash and restricted cash
|
| | | | (144) | | | | | | (214) | | | | | | 321 | | | | | | 46 | | | | | | 194 | | | | | | 770 | | | | | | 106 | | |
Net (decrease) increase in cash and restricted cash
|
| | | | (23,024) | | | | | | (72,847) | | | | | | 70,115 | | | | | | 10,166 | | | | | | 14,082 | | | | | | 14,167 | | | | | | 1,954 | | |
Cash and restricted cash, at the beginning of year
|
| | | | 126,779 | | | | | | 103,755 | | | | | | 30,908 | | | | | | 4,481 | | | | | | 30,908 | | | | | | 101,023 | | | | | | 13,932 | | |
Cash and restricted cash, at the end of year
|
| | | | 103,755 | | | | | | 30,908 | | | | | | 101,023 | | | | | | 14,647 | | | | | | 44,990 | | | | | | 115,190 | | | | | | 15,886 | | |
| | |
For the year ended December 31,
|
| |
For the six months ended June 30,
|
| ||||||||||||||||||||||||||||||||||||
| | |
2020
|
| |
2021
|
| |
2022
|
| |
2022
|
| |
2023
|
| |||||||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |||||||||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||||||||||||||
GAAP net loss
|
| | | | (5,604) | | | | | | (191,230) | | | | | | (16,414) | | | | | | (2,380) | | | | | | (26,586) | | | | | | (5,690) | | | | | | (785) | | |
Reconciliation item: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Add: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Share-based compensation expenses,
net of tax impact of nil |
| | | | 82,667 | | | | | | 68,932 | | | | | | 19,762 | | | | | | 2,865 | | | | | | 12,503 | | | | | | 3,853 | | | | | | 531 | | |
Non-GAAP adjusted net income/(loss)
|
| | | | 77,063 | | | | | | (122,298) | | | | | | 3,348 | | | | | | 485 | | | | | | (14,083) | | | | | | (1,837) | | | | | | (254) | | |
Add: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Income tax expense
|
| | | | 25,428 | | | | | | 12,027 | | | | | | 21,002 | | | | | | 3,045 | | | | | | 6,683 | | | | | | (2,395) | | | | | | (330) | | |
Depreciation
|
| | | | 6,257 | | | | | | 5,233 | | | | | | 7,513 | | | | | | 1,089 | | | | | | 3,798 | | | | | | 2,927 | | | | | | 404 | | |
Amortization
|
| | | | 13,749 | | | | | | 25,278 | | | | | | 21,094 | | | | | | 3,058 | | | | | | 10,663 | | | | | | 10,128 | | | | | | 1,397 | | |
Interest expense
|
| | | | 8,068 | | | | | | 7,026 | | | | | | 5,683 | | | | | | 824 | | | | | | 3,786 | | | | | | 2,323 | | | | | | 320 | | |
Non-GAAP adjusted EBITDA
|
| | | | 130,565 | | | | | | (72,734) | | | | | | 58,640 | | | | | | 8,501 | | | | | | 10,847 | | | | | | 11,146 | | | | | | 1,537 | | |
| | |
As of June 30, 2023
|
| |||||||||
| | |
Actual
|
| |
Pro Forma
|
| ||||||
| | |
(Unaudited)
(in US$) |
| |||||||||
Cash and cash equivalent
|
| | | | 15,865 | | | | | | 18,073 | | |
Restricted cash
|
| | | | 21 | | | | | | 21 | | |
Short-term debt
|
| | | | 13,198 | | | | | | 13,198 | | |
Long-term debt
|
| | | | 218 | | | | | | 218 | | |
Total borrowings
|
| | | | 13,416 | | | | | | 13,416 | | |
Ordinary shares ((US$0.0001 par value; 300,000,000 Class A ordinary shares authorized, 55,379,583 shares issued, and 48,639,660 shares outstanding as of June 30, 2023; 6,296,630 Class B ordinary shares authorized, issued and outstanding as of June 30, 2023; 193,703,370 shares (undesignated) authorized, and nil shares (undesignated) issued and outstanding as of June 30, 2023, respectively)
|
| | | | 6 | | | | | | 8 | | |
Additional paid-in capital
|
| | | | 260,573 | | | | | | 262,779 | | |
Accumulated deficit
|
| | | | (191,622) | | | | | | (191,622) | | |
Accumulated other comprehensive loss
|
| | | | (152) | | | | | | (152) | | |
Total shareholders’ equity
|
| | | | 68,805 | | | | | | 71,013 | | |
Total capitalization
|
| | | | 82,221 | | | | | | 84,429 | | |
| | |
Per
Ordinary Share |
| |
Per
ADS |
|
Assumed offering price
|
| |
US$10.96
|
| |
US$1.096
|
|
Net tangible book value as of June 30, 2023
|
| |
US$0.81
|
| |
US$0.081
|
|
Pro Forma as adjusted net tangible book value after giving effect to this offering
|
| |
US$0.63
|
| |
US$0.063
|
|
Increase in net tangible book value attributable to existing shareholders
|
| |
US$0.04
|
| |
US$0.004
|
|
Dilution in net tangible book value to new investors
|
| |
US$10.33
|
| |
US$1.033
|
|
| | |
Ordinary shares
purchased |
| |
Total consideration
|
| |
Average
price per ordinary share |
| |
Average
price per ADS |
| ||||||||||||||||||||||||
| | |
Number
|
| |
Percent
|
| |
Amount
|
| |
Percent
|
| ||||||||||||||||||||||||
| | |
(in US$, except for share numbers and percentages)
|
| |||||||||||||||||||||||||||||||||
Existing shareholders of ordinary shares
|
| | | | 54,936,290 | | | | | | 73.8% | | | | | | 73,321 | | | | | | 97.1% | | | | | | 1.33 | | | | | | 13.35 | | |
New investors
|
| | | | 19,551,710 | | | | | | 26.2% | | | | | | 2,208 | | | | | | 2.9% | | | | | | 0.11 | | | | | | 1.13 | | |
Total
|
| | | | 74,488,000 | | | | | | 100.0% | | | | | | 75,529 | | | | | | 100.0% | | | | | | 1.01 | | | | | | 10.14 | | |
|
Assumed Average
Purchase Price |
| |
Number of Registered ADSs
to be Issued if Full Purchase(1) |
| |
Percentage of
Outstanding ADSs After Giving Effect to the Issuance to VG(2) |
| |
Percentage of
Outstanding Ordinary Shares After Giving Effect to the Issuance to VG(3) |
| |
Gross Proceeds
to Us from the Sale of the ADSs to VG Under the Purchase Agreement(2) |
|
|
$1
|
| |
2,745,810 (27,458,100 Class A ordinary shares)
|
| |
87.2%
|
| |
44.5%
|
| |
$2,196,648
|
|
|
$1.4100(4)
|
| |
1,947,382 (19,473,820 Class A ordinary shares)
|
| |
61.9%
|
| |
31.6%
|
| |
$2,196,648
|
|
|
$2
|
| |
1,372,905 (13,729,050 Class A ordinary shares)
|
| |
43.6%
|
| |
22.3%
|
| |
$2,196,648
|
|
|
$3
|
| |
915,270 (9,152,700 Class A ordinary shares)
|
| |
29.1%
|
| |
14.8%
|
| |
$2,196,648
|
|
|
$4
|
| |
686,453 (6,864,530 Class A ordinary shares)
|
| |
21.8%
|
| |
11.1%
|
| |
$2,196,648
|
|
|
$5
|
| |
549,162 (5,491,620 Class A ordinary shares)
|
| |
17.5%
|
| |
8.9%
|
| |
$2,196,648
|
|
| | |
Page
|
| |||
| | | | 1 | | | |
| | | | 3 | | | |
| | | | 25 | | | |
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| | | | 38 | | | |
| | | | 39 | | | |
| | | | 40 | | | |
| | | | 42 | | | |
| | | | 50 | | | |
| | | | 60 | | | |
| | | | 62 | | | |
| | | | 65 | | | |
| | | | 66 | | | |
| | | | 67 | | | |
| | | | 68 | | | |
| | | | 69 | | | |
| | | | 70 | | | |
| | | | 71 | | | |
| | | | 73 | | | |
| | | | 74 | | | |
| | | | 75 | | | |
| | | | 76 | | |
| | |
As of June 30, 2023
|
| |||||||||||||||||||||||||||
| | |
Quhuo
|
| |
WFOE
|
| |
VIE
|
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
Cash
|
| | | | 24,675 | | | | | | 3,730 | | | | | | 86,635 | | | | | | — | | | | | | 115,040 | | |
Inter-group balance due from VIE, WFOE and subsidiaries
|
| | | | 81,503 | | | | | | 47,089 | | | | | | — | | | | | | (128,592) | | | | | | — | | |
Other current assets
|
| | | | 63,056 | | | | | | 24,207 | | | | | | 543,662 | | | | | | (10,420) | | | | | | 620,505 | | |
Total current assets
|
| | | | 169,234 | | | | | | 75,026 | | | | | | 630,297 | | | | | | (139,012) | | | | | | 735,545 | | |
Investment in subsidiaries
|
| | | | 336,941 | | | | | | — | | | | | | — | | | | | | (336,941) | | | | | | — | | |
Other non-current assets
|
| | | | — | | | | | | 166 | | | | | | 350,039 | | | | | | (1) | | | | | | 350,204 | | |
Total non-current assets
|
| | | | 336,941 | | | | | | 166 | | | | | | 350,039 | | | | | | (336,942) | | | | | | 350,204 | | |
Total assets
|
| | | | 506,175 | | | | | | 75,192 | | | | | | 980,336 | | | | | | (475,954) | | | | | | 1,085,749 | | |
Inter-group balance due to Parent, VIE, WFOE and subsidiaries
|
| | | | — | | | | | | 81,513 | | | | | | 47,089 | | | | | | (128,602) | | | | | | — | | |
Other liabilities
|
| | | | 7,255 | | | | | | 215 | | | | | | 530,377 | | | | | | 48,609 | | | | | | 586,456 | | |
Total liabilities
|
| | | | 7,255 | | | | | | 81,728 | | | | | | 577,466 | | | | | | (79,993) | | | | | | 586,456 | | |
Total shareholders’ equity/(deficit)
|
| | | | 498,920 | | | | | | (6,537) | | | | | | 402,870 | | | | | | (395,960) | | | | | | 499,293 | | |
Total liabilities, mezzanine equity and shareholders’ equity/(deficit)
|
| | | | 506,175 | | | | | | 75,191 | | | | | | 980,336 | | | | | | (475,953) | | | | | | 1,085,749 | | |
| | |
As of June 30, 2022
|
| |||||||||||||||||||||||||||
| | |
Quhuo
|
| |
WFOE
|
| |
VIE
|
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
Cash
|
| | | | 6,250 | | | | | | 526 | | | | | | 38,214 | | | | | | — | | | | | | 44,990 | | |
Inter-group balance due from VIE, WFOE and subsidiaries
|
| | | | 92,657 | | | | | | 77,062 | | | | | | — | | | | | | (169,719) | | | | | | — | | |
Other current assets
|
| | | | 88,857 | | | | | | 9,334 | | | | | | 541,578 | | | | | | (182) | | | | | | 639,587 | | |
Total current assets
|
| | | | 187,764 | | | | | | 86,922 | | | | | | 579,792 | | | | | | (169,901) | | | | | | 684,577 | | |
Investment in subsidiaries
|
| | | | 281,879 | | | | | | — | | | | | | — | | | | | | (281,879) | | | | | | — | | |
Other non-current assets
|
| | | | — | | | | | | 276 | | | | | | 363,298 | | | | | | — | | | | | | 363,574 | | |
Total non-current assets
|
| | | | 281,879 | | | | | | 276 | | | | | | 363,298 | | | | | | (281,879) | | | | | | 363,574 | | |
Total assets
|
| | | | 469,643 | | | | | | 87,198 | | | | | | 943,090 | | | | | | (451,780) | | | | | | 1,048,151 | | |
Inter-group balance due to Parent, VIE, WFOE and subsidiaries
|
| | | | — | | | | | | 92,692 | | | | | | 77,062 | | | | | | (169,754) | | | | | | — | | |
Other liabilities
|
| | | | 5,693 | | | | | | 342 | | | | | | 497,513 | | | | | | 66,477 | | | | | | 570,025 | | |
Total liabilities
|
| | | | 5,693 | | | | | | 93,034 | | | | | | 574,575 | | | | | | (103,277) | | | | | | 570,025 | | |
Total shareholders’ equity/(deficit)
|
| | | | 463,950 | | | | | | (5,835) | | | | | | 368,515 | | | | | | (348,504) | | | | | | 478,126 | | |
Total liabilities, mezzanine equity and shareholders’ equity/(deficit)
|
| | | | 469,643 | | | | | | 87,199 | | | | | | 943,090 | | | | | | (451,781) | | | | | | 1,048,151 | | |
| | |
For the Six Months Ended June 30, 2023
|
| |||||||||||||||||||||||||||
| | |
Quhuo
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
Revenue
|
| | | | 11,981 | | | | | | 8,432 | | | | | | 1,724,336 | | | | | | (8,432) | | | | | | 1,736,317 | | |
Cost of revenue
|
| | | | (11,868) | | | | | | (16) | | | | | | (1,657,631) | | | | | | — | | | | | | (1,669,515) | | |
Operating and other income/(expenses)
|
| | | | (2,785) | | | | | | (7,917) | | | | | | (61,678) | | | | | | (113) | | | | | | (72,493) | | |
Loss from VIE and its subsidiaries
|
| | | | (6,864) | | | | | | — | | | | | | — | | | | | | 6,864 | | | | | | — | | |
Net(loss)/income
|
| | | | (9,536) | | | | | | 499 | | | | | | 5,027 | | | | | | (1,681) | | | | | | (5,691) | | |
| | |
For Six Months Ended June 30, 2022
|
| |||||||||||||||||||||||||||
| | |
Quhuo
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
Revenue
|
| | | | — | | | | | | 9,460 | | | | | | 1,863,795 | | | | | | (9,460) | | | | | | 1,863,795 | | |
Cost of revenue
|
| | | | — | | | | | | (7) | | | | | | (1,769,860) | | | | | | — | | | | | | (1,769,867) | | |
Operating and other income/(expenses)
|
| | | | (27,982) | | | | | | (11,731) | | | | | | (80,802) | | | | | | — | | | | | | (120,515) | | |
Gain/(loss) from VIE and its subsidiaries
|
| | | | 3,029 | | | | | | — | | | | | | — | | | | | | (3,029) | | | | | | — | | |
Net(loss)/income
|
| | | | (24,953) | | | | | | (2,278) | | | | | | 13,133 | | | | | | (12,489) | | | | | | (26,587) | | |
| | |
For the Six Months Ended June 30, 2023
|
| |||||||||||||||||||||||||||
| | |
Quhuo
|
| |
WFOE
|
| |
VIE
|
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
Net cash provided/(used in) by operating activities
|
| | | | 16,825 | | | | | | (8,355) | | | | | | (30,836) | | | | | | — | | | | | | (22,366) | | |
Net cash provided/(used in) by investing activities
|
| | | | 139 | | | | | | (22) | | | | | | (6,036) | | | | | | 11,400 | | | | | | 5,481 | | |
Net cash provided/(used in) by financing activities
|
| | | | — | | | | | | 11,400 | | | | | | 30,280 | | | | | | (11,400) | | | | | | 30,280 | | |
Effect of exchange rate changes on cash
|
| | | | 554 | | | | | | — | | | | | | 218 | | | | | | — | | | | | | 772 | | |
Net increase/(decrease) in cash and cash equivalents
|
| | | | 17,518 | | | | | | 3,023 | | | | | | (6,374) | | | | | | — | | | | | | 14,167 | | |
| | |
For Six Months Ended June 30, 2022
|
| |||||||||||||||||||||||||||
| | |
Quhuo
|
| |
WFOE
|
| |
VIE
|
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
Net cash (used in)/provided by operating activities
|
| | | | (2,735) | | | | | | (13,059) | | | | | | 12,892 | | | | | | — | | | | | | (2,902) | | |
Net cash provided by investing activities
|
| | | | — | | | | | | 2,443 | | | | | | 45,165 | | | | | | 10,626 | | | | | | 58,234 | | |
Net cash provided/(used in) by financing activities
|
| | | | — | | | | | | 10,625 | | | | | | (41,443) | | | | | | (10,626) | | | | | | (41,444) | | |
Effect of exchange rate changes on cash
|
| | | | 372 | | | | | | — | | | | | | (182) | | | | | | — | | | | | | 190 | | |
Net (decrease)/increase in cash and cash equivalents
|
| | | | (2,363) | | | | | | 9 | | | | | | 16,432 | | | | | | — | | | | | | 14,078 | | |
| | |
As of December 31, 2022
|
| |||||||||||||||||||||||||||
| | |
Parent
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Cash
|
| | | | 7,157 | | | | | | 708 | | | | | | 87,579 | | | | | | — | | | | | | 95,444 | | |
Inter-group balance due from
|
| | | | 88,264 | | | | | | 58,489 | | | | | | 18 | | | | | | (146,771) | | | | | | — | | |
Other current assets
|
| | | | 61,855 | | | | | | 22,646 | | | | | | 560,516 | | | | | | (21,240) | | | | | | 623,777 | | |
Total current assets
|
| | | | 157,276 | | | | | | 81,843 | | | | | | 648,113 | | | | | | (168,011) | | | | | | 719,221 | | |
Investment in subsidiaries, the VIE and its subsidiaries
|
| | | | 345,026 | | | | | | — | | | | | | — | | | | | | (345,026) | | | | | | — | | |
Other non-current assets
|
| | | | — | | | | | | 227 | | | | | | 336,169 | | | | | | — | | | | | | 336,396 | | |
Total non-current assets
|
| | | | 345,026 | | | | | | 227 | | | | | | 336,169 | | | | | | (345,026) | | | | | | 336,396 | | |
Total assets
|
| | | | 502,302 | | | | | | 82,070 | | | | | | 984,282 | | | | | | (513,037) | | | | | | 1,055,617 | | |
Inter-group balance due to
|
| | | | — | | | | | | 88,282 | | | | | | 58,489 | | | | | | (146,771) | | | | | | — | | |
Other liabilities
|
| | | | 1,140 | | | | | | 823 | | | | | | 500,912 | | | | | | 55,165 | | | | | | 558,040 | | |
Total liabilities
|
| | | | 1,140 | | | | | | 89,105 | | | | | | 559,401 | | | | | | (91,606) | | | | | | 558,040 | | |
Total shareholders’ equity
|
| | | | 501,162 | | | | | | (7,035) | | | | | | 424,881 | | | | | | (421,431) | | | | | | 497,577 | | |
Total liabilities and shareholders’ equity
|
| | | | 502,302 | | | | | | 82,070 | | | | | | 984,282 | | | | | | (513,037) | | | | | | 1,055,617 | | |
| | |
As of December 31, 2021
|
| |||||||||||||||||||||||||||
| | |
Parent
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Cash
|
| | | | 8,612 | | | | | | 518 | | | | | | 19,463 | | | | | | — | | | | | | 28,593 | | |
Inter-group balance due from
|
| | | | 82,687 | | | | | | 87,688 | | | | | | 7,823 | | | | | | (178,198) | | | | | | — | | |
Other current assets
|
| | | | 109,282 | | | | | | 2,104 | | | | | | 625,242 | | | | | | 2,215 | | | | | | 738,843 | | |
Total current assets
|
| | | | 200,581 | | | | | | 90,310 | | | | | | 652,528 | | | | | | (175,983) | | | | | | 767,436 | | |
Investment in subsidiaries, the VIE and its subsidiaries
|
| | | | 270,360 | | | | | | — | | | | | | — | | | | | | (270,360) | | | | | | — | | |
Other non-current assets
|
| | | | — | | | | | | 305 | | | | | | 377,634 | | | | | | — | | | | | | 377,939 | | |
Total non-current assets
|
| | | | 270,360 | | | | | | 305 | | | | | | 377,634 | | | | | | (270,360) | | | | | | 377,939 | | |
Total assets
|
| | | | 470,941 | | | | | | 90,615 | | | | | | 1,030,162 | | | | | | (446,343) | | | | | | 1,145,375 | | |
Inter-group balance due to
|
| | | | — | | | | | | 93,009 | | | | | | 87,688 | | | | | | (180,697) | | | | | | — | | |
Other liabilities
|
| | | | — | | | | | | 3,489 | | | | | | 660,276 | | | | | | (1,825) | | | | | | 661,940 | | |
Total liabilities
|
| | | | — | | | | | | 96,498 | | | | | | 747,964 | | | | | | (182,522) | | | | | | 661,940 | | |
Total shareholders’ equity
|
| | | | 470,941 | | | | | | (5,883) | | | | | | 282,198 | | | | | | (263,821) | | | | | | 483,435 | | |
Total liabilities and shareholders’ equity
|
| | | | 470,941 | | | | | | 90,615 | | | | | | 1,030,162 | | | | | | (446,343) | | | | | | 1,145,375 | | |
| | |
Year Ended December 31, 2022
|
| |||||||||||||||||||||||||||
| | |
Parent
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Revenues
|
| | | | — | | | | | | 13,864 | | | | | | 3,820,378 | | | | | | (13,864) | | | | | | 3,820,378 | | |
Cost of revenues
|
| | | | — | | | | | | (63) | | | | | | (3,567,627) | | | | | | — | | | | | | (3,567,690) | | |
Operating and other expenses
|
| | | | (58,391) | | | | | | (17,279) | | | | | | (190,812) | | | | | | (2,620) | | | | | | (269,102) | | |
(Loss)/gain from VIE and its subsidiaries
|
| | | | 45,261 | | | | | | — | | | | | | — | | | | | | (45,261) | | | | | | — | | |
Net (loss)/income
|
| | | | (13,130) | | | | | | (3,478) | | | | | | 61,939 | | | | | | (61,745) | | | | | | (16,414) | | |
| | |
Year Ended December 31, 2021
|
| |||||||||||||||||||||||||||
| | |
Parent
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Revenues
|
| | | | — | | | | | | 13,766 | | | | | | 4,025,279 | | | | | | (13,766) | | | | | | 4,025,279 | | |
Cost of revenues
|
| | | | — | | | | | | (97) | | | | | | (3,849,585) | | | | | | — | | | | | | (3,849,682) | | |
Operating and other expenses
|
| | | | (54,353) | | | | | | (16,241) | | | | | | (296,233) | | | | | | — | | | | | | (366,827) | | |
(Loss)/gain from VIE and its subsidiaries
|
| | | | (103,554) | | | | | | — | | | | | | — | | | | | | 103,554 | | | | | | — | | |
Net (loss)/income
|
| | | | (157,907) | | | | | | (2,572) | | | | | | (120,539) | | | | | | 89,788 | | | | | | (191,230) | | |
| | |
Year Ended December 31, 2020
|
| |||||||||||||||||||||||||||
| | |
Parent
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Revenues
|
| | | | — | | | | | | 16,579 | | | | | | 2,580,810 | | | | | | (16,579) | | | | | | 2,580,810 | | |
Cost of revenues
|
| | | | (2,175) | | | | | | — | | | | | | (2,386,124) | | | | | | — | | | | | | (2,388,299) | | |
Operating and other expenses
|
| | | | (51,907) | | | | | | (15,705) | | | | | | (128,643) | | | | | | (1,860) | | | | | | (198,115) | | |
(Loss)/gain from VIE and its subsidiaries
|
| | | | 57,512 | | | | | | — | | | | | | — | | | | | | (57,512) | | | | | | — | | |
Net income/(loss)
|
| | | | 3,430 | | | | | | 874 | | | | | | 66,043 | | | | | | (75,951) | | | | | | (5,604) | | |
| | |
Year Ended December 31, 2022
|
| |||||||||||||||||||||||||||
| | |
Parent
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Net cash (used in)/provided by operating activities
|
| | | | (7,664) | | | | | | (31,672) | | | | | | 114,059 | | | | | | — | | | | | | 74,723 | | |
Net cash provided by investing activities
|
| | | | 5,582 | | | | | | 2,663 | | | | | | 39,767 | | | | | | 29,199 | | | | | | 77,211 | | |
Net cash provided/(used in) by financing activities
|
| | | | — | | | | | | 29,199 | | | | | | (82,140) | | | | | | (29,199) | | | | | | (82,140) | | |
Effect of exchange rate changes
|
| | | | 627 | | | | | | — | | | | | | (306) | | | | | | — | | | | | | 321 | | |
Net (decrease)/increase in cash and restricted cash
|
| | | | (1,455) | | | | | | 190 | | | | | | 71,380 | | | | | | — | | | | | | 70,115 | | |
| | |
Year Ended December 31, 2021
|
| |||||||||||||||||||||||||||
| | |
Parent
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Net cash used in by operating activities
|
| | | | (1,015) | | | | | | (2,179) | | | | | | (27,699) | | | | | | — | | | | | | (30,893) | | |
Net cash (used in)/provided by investing activities
|
| | | | — | | | | | | (1,190) | | | | | | (112,604) | | | | | | 3,381 | | | | | | (110,413) | | |
Net cash provided/(used in) by financing activities
|
| | | | 1 | | | | | | 3,380 | | | | | | 68,673 | | | | | | (3,381) | | | | | | 68,673 | | |
Effect of exchange rate changes
|
| | | | (214) | | | | | | — | | | | | | — | | | | | | — | | | | | | (214) | | |
Net (decrease)/increase in cash and restricted cash
|
| | | | (1,228) | | | | | | 11 | | | | | | (71,630) | | | | | | — | | | | | | (72,847) | | |
| | |
Year Ended December 31, 2020
|
| |||||||||||||||||||||||||||
| | |
Parent
|
| |
WFOE
|
| |
VIE and its
subsidiaries |
| |
Eliminations
|
| |
Consolidated
|
| |||||||||||||||
| | |
(RMB in thousands)
|
| |||||||||||||||||||||||||||
Net cash (used in)/provided by operating activities
|
| | | | (4,233) | | | | | | 2,009 | | | | | | 30,389 | | | | | | (17,055) | | | | | | 11,110 | | |
Net cash (used in)/provided by investing activities
|
| | | | (129,854) | | | | | | (89,197) | | | | | | (56,535) | | | | | | 88,503 | | | | | | (187,083) | | |
Net cash provided/(used in) by financing activities
|
| | | | 143,972 | | | | | | 87,688 | | | | | | (7,119) | | | | | | (71,448) | | | | | | 153,093 | | |
Effect of exchange rate changes
|
| | | | (146) | | | | | | 6 | | | | | | (4) | | | | | | — | | | | | | (144) | | |
Net increase/(decrease) in cash and restricted cash
|
| | | | 9,739 | | | | | | 506 | | | | | | (33,269) | | | | | | — | | | | | | (23,024) | | |
Service
|
| |
Fees
|
|
To any person to which ADSs are issued or to any person to which a distribution is made in respect of ADS distributions pursuant to stock dividends or other free distributions of stock, bonus distributions, stock splits or other distributions (except where converted to cash) | | | Up to US$0.05 per ADS issued | |
Cancellation of ADSs, including the case of termination of the deposit agreement | | | Up to US$0.05 per ADS cancelled | |
Distribution of cash dividends | | | Up to US$0.05 per ADS held | |
Distribution of cash entitlements (other than cash dividends) and/or cash proceeds from the sale of rights, securities and other entitlements | | | Up to US$0.05 per ADS held | |
Distribution of ADSs pursuant to exercise of rights | | | Up to US$0.05 per ADS held | |
Distribution of securities other than ADSs or rights to purchase additional ADSs | | | Up to US$0.05 per ADS held | |
Depositary services | | | Up to US$0.05 per ADS held on the applicable record date(s) established by the depositary bank | |
If we:
|
| |
Then:
|
|
Change the nominal or par value of our ordinary shares | | | The cash, shares or other securities received by the depositary will become deposited securities. | |
Reclassify, split up or consolidate any of the deposited securities | | | Each ADS will automatically represent its equal share of the new deposited securities. | |
Distribute securities on the ordinary shares that are not distributed to you, or recapitalize, reorganize, merge, liquidate, sell all or substantially all of our assets, or take any similar action | | | The depositary may distribute some or all of the cash, shares or other securities it received. It may also deliver new ADSs or ask you to surrender your outstanding ADRs in exchange for new ADRs identifying the new deposited securities. | |
1 Year Quhuo Chart |
1 Month Quhuo Chart |
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