Exhibit 99.1

Qudian Inc. Reports Second Quarter 2025

Unaudited Financial Results

XIAMEN, China, August 13, 2025/PRNewswire/ -- Qudian Inc. (“Qudian” or “the Company” or “We”) (NYSE: QD), a consumer-oriented technology company in China, today announced its unaudited financial results for the quarter ended June 30, 2025.

Second Quarter 2025 Financial Highlights:

●

Total revenues were RMB3.5 million (US$0.5 million), compared to RMB53.3 million for the same period of last year

●

Net income attributable to Qudian’s shareholders was RMB311.8 million (US$43.5 million), compared to RMB99.8 million for the same period of last year; net income per diluted ADS was RMB1.86 (US$0.26) for the second quarter of 2025

After careful evaluation, the Company has decided to wind down its last-mile delivery business. This decision is in the best interest of the Company and aligned with the commitment to achieve sustainable growth and create shareholder value. Moving forward, the Company expects to remain steadfast in its commitment to executing its business transition and simultaneously maintaining prudent cash management to safeguard its balance sheet.

Second Quarter Financial Results

Sales income and others decreased by 93.5% to RMB3.5 million (US$0.5 million) from RMB53.3 million for the second quarter of 2024, which was primarily due to the decrease in sales income generated from last-mile delivery business as a result of the increased competition in the industry. The Company has decided to wind down its last-mile delivery business.

Total operating costs and expenses increased to RMB117.7 million (US$16.4 million) from RMB110.8 million for the second quarter of 2024.

Cost of revenues decreased by 93.6% to RMB3.0 million (US$0.4 million) from RMB46.2 million for the second quarter of 2024, primarily due to the decrease in service cost related to last-mile delivery business with the winding down of the business.

General and administrative expenses increased by 39.6% to RMB65.9 million (US$9.2 million) from RMB47.2 million for the second quarter of 2024, primarily due to the increase in depreciation and property tax expenses following the completion of the construction of the Company’s headquarters.

Research and development expenses decreased by 25.5% to RMB11.3 million (US$1.6 million) from RMB15.2 million for the second quarter of 2024, as a result of the decrease in staff head count, which led to a corresponding decrease in staff salaries.

Loss from operations was RMB113.9 million (US$15.9 million), compared to RMB57.4 million for the second quarter of 2024, mainly due to the winding down of the Company’s businesses and the increase in depreciation and property tax expenses following the completion of the construction of the Company’s headquarters.

Interest and investment income, net increased by 392.3% to RMB440.5 million (US$61.5 million) from RMB89.5 million for the second quarter of 2024, mainly attributable to the increase of income from investments in the second quarter of 2025.

Gain on derivative instrument was RMB30.2 million (US$4.2 million), compared to RMB58.4 million for the second quarter of 2024. The gain was mainly attributable to the increase in quoted price of the underlying equity securities relating to the derivative instruments we held.

Net income attributable to Qudian’s shareholders was 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).

Cash Flow

As of June 30, 2025, the Company had cash and cash equivalents of RMB4,029.0 million (US$562.4 million) and restricted cash of RMB782.3 million (US$109.2 million). Restricted cash mainly represents security deposits held in designated bank accounts for the guarantee of short-term borrowings. Such restricted cash is not available to fund the general liquidity needs of the Company.

For the second quarter of 2025, net cash used in operating activities was RMB1.1 million (US$0.2 million), mainly due to payments for labor-related and other general expenses. Net cash used in investing activities was RMB698.2 million (US$97.5 million), mainly due to the purchase of short-term investments. Net cash used in financing activities was RMB81.3 million (US$11.3 million), mainly due to the repurchase of ordinary shares.

Update on Share Repurchase

Our Board approved a share repurchase program in March 2024 to purchase up to US$300 million worth of Class A ordinary shares or ADSs in the next 36 months starting from June 13, 2024. From the launch of the share repurchase program on June 13, 2024 to August 12, 2025, the Company has in aggregate purchased 22.7 million ADSs in the open market for a total amount of approximately US$54.6 million (an average price of $2.4 per ADS) pursuant to the share repurchase program.

As of August 12, 2025, the Company had in aggregate purchased 177.0 million ADSs for a total amount of approximately US$748.8 million (an average price of $4.2 per ADS).

About Qudian Inc.

Qudian Inc. ("Qudian") is a consumer-oriented technology company. The Company historically focused on providing credit solutions to consumers. Qudian is exploring innovative business opportunities to satisfy consumers' demand by leveraging its technology capabilities.

For more information, please visit http://ir.qudian.com.

Use of Non-GAAP Financial Measures

We use Non-GAAP net income/loss attributable to Qudian’s shareholders, a Non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. We believe that Non-GAAP net income/loss attributable to Qudian’s shareholders helps identify underlying trends in our business by excluding the impact of share-based compensation expenses, which are non-cash charges. We believe that Non-GAAP net income/loss attributable to Qudian’s shareholders provides useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Non-GAAP net income/loss attributable to Qudian’s shareholders is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. This Non-GAAP financial measure has limitations as an analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider them in isolation, or as a substitute for net loss /income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP.

We mitigate these limitations by reconciling the Non-GAAP financial measure to the most comparable U.S. GAAP performance measure, all of which should be considered when evaluating our performance.

For more information on this Non-GAAP financial measure, please see the table captioned "Unaudited Reconciliation of GAAP and Non-GAAP Results" set forth at the end of this press release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.1636 to US$1.00, the noon buying rate in effect on June 30, 2025, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

Statement Regarding Preliminary Unaudited Financial Information

The unaudited financial information set out in this earnings release is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company's year-end audit, which could result in significant differences from this preliminary unaudited financial information.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the expectation of its collection efficiency and delinquency, contain forward-looking statements. Qudian may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Qudian's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Qudian's goal and strategies; Qudian's expansion plans; Qudian's future business development, financial condition and results of operations; Qudian's expectations regarding demand for, and market acceptance of, its products; Qudian's expectations regarding keeping and strengthening its relationships with customers, business partners and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Qudian's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Qudian does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

Qudian Inc.

Tel: +86-592-596-8208

E-mail: ir@qudian.com

QUDIAN INC.

Unaudited Condensed Consolidated Statements of Operations

	Three months ended June 30,
(In thousands except for number of shares and per-share data)	2024			2025
				(Unaudited)			(Unaudited)
	RMB			RMB			US$
Revenues:
Sales income and others		53,328			3,490			487
Total revenues		53,328			3,490			487

Operating cost and expenses:
Cost of revenues		(46,248	)		(2,956	)		(413	)
Sales and marketing		(1,054	)		(671	)		(94	)
General and administrative		(47,165	)		(65,853	)		(9,193	)
Research and development		(15,219	)		(11,331	)		(1,582	)
(Provision for)/Reversal of expected credit losses on receivables and other assets		(751	)		270			38
Impairment loss from other assets		(387	)		(37,148	)		(5,186	)
Total operating cost and expenses		(110,824	)		(117,689	)		(16,430	)
Other operating income		119			330			46

Loss from operations		(57,377	)		(113,869	)		(15,897	)
Interest and investment income, net		89,485			440,506			61,492
Gain/(Loss) from equity method investments		820			(1,005	)		(140	)
Gain on derivative instruments		58,376			30,212			4,217
Foreign exchange loss, net		(1,186	)		(11,343	)		(1,583	)
Other income		714			1,229			172
Other expenses		(342	)		(447	)		(62	)

Net income before income taxes		90,490			345,283			48,199
Income tax expenses		9,297			(33,521	)		(4,679	)

Net income		99,787			311,762			43,520

Net income attributable to Qudian Inc.'s shareholders		99,787			311,762			43,520

Earning per share for Class A and Class B ordinary shares:
Basic		0.54			1.92			0.27
Diluted		0.53			1.86			0.26

Earning per ADS (1 Class A ordinary share equals 1 ADSs):
Basic		0.54			1.92			0.27
Diluted		0.53			1.86			0.26

Weighted average number of Class A and Class B ordinary shares outstanding:
Basic		184,571,121			162,649,164			162,649,164
Diluted		189,684,527			167,456,506			167,456,506

Other comprehensive gain/(loss):
Foreign currency translation adjustment		14,489			(11,908	)		(1,662	)

Total comprehensive income		114,276			299,854			41,858

Total comprehensive income attributable to Qudian Inc.'s shareholders		114,276			299,854			41,858

QUDIAN INC.

Unaudited Condensed Consolidated Balance Sheets

	As of March 31,		As of June 30,
(In thousands except for number of shares and per-share data)	2025		2025
			(Unaudited)		(Unaudited)
	RMB		RMB		US$
ASSETS:
Current assets:
Cash and cash equivalents		4,822,853		4,028,995		562,426
Restricted cash and cash equivalents		782,169		782,251		109,198
Time and structured deposit		2,203,627		1,758,770		245,515
Derivative instruments-asset		18,139		38,793		5,415
Short-term investments		1,430,652		2,850,688		397,941
Accounts receivables		15,068		9,225		1,288
Other current assets		1,098,972		925,915		129,253
Total current assets		10,371,480		10,394,637		1,451,036

Non-current assets:
Right-of-use assets		123,731		101,715		14,199
Investment in equity method investee		146,012		144,822		20,216
Long-term investments		78,987		78,616		10,974
Property and equipment, net		1,584,931		1,747,669		243,965
Intangible assets		2,064		1,922		268
Other non-current assets		345,448		280,115		39,102
Total non-current assets		2,281,173		2,354,859		328,724

TOTAL ASSETS		12,652,653		12,749,496		1,779,760

QUDIAN INC.

Unaudited Condensed Consolidated Balance Sheets (Continued)

	As of March 31,			As of June 30,
(In thousands except for number of shares and per-share data)	2025			2025
				(Unaudited)			(Unaudited)
	RMB			RMB			US$
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term borrowings		720,000			720,000			100,508
Short-term lease liabilities		13,015			7,352			1,026
Derivative instruments-liability		129,436			-			-
Accrued expenses and other current liabilities		377,375			371,442			51,851
Income tax payable		33,313			39,383			5,498
Total current liabilities		1,273,139			1,138,177			158,883

Non-current liabilities:
Deferred tax liabilities		-			27,427			3,829
Long-term lease liabilities		20,795			5,126			716
Total non-current liabilities		20,795			32,553			4,545
Total liabilities		1,293,934			1,170,730			163,428

Shareholders' equity:
Class A Ordinary shares		132			132			18
Class B Ordinary shares		44			44			6
Treasury shares		(1,491,531	)		(1,571,141	)		(219,323	)
Additional paid-in capital		4,025,406			4,025,209			561,897
Accumulated other comprehensive profit/(loss)		4,444			(7,464	)		(1,042	)
Retained earnings		8,820,224			9,131,986			1,274,776
Total equity		11,358,719			11,578,766			1,616,332

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		12,652,653			12,749,496			1,779,760

QUDIAN INC.

Unaudited Reconciliation of GAAP And Non-GAAP Results

	Three months ended June 30,
(In thousands except for number of shares and per-share data)	2024		2025
			(Unaudited)		(Unaudited)
	RMB		RMB		US$
Total net income attributable to Qudian Inc.’s shareholders		99,787		311,762		43,520
Add: Share-based compensation expenses		1		-		-
Non-GAAP net income attributable to Qudian Inc.’s shareholders		99,788		311,762		43,520

Non-GAAP net income per share—basic		0.54		1.92		0.27
Non-GAAP net income per share—diluted		0.53		1.86		0.26
Weighted average shares outstanding—basic		184,571,121		162,649,164		162,649,164
Weighted average shares outstanding—diluted		189,684,527		167,456,506		167,456,506

Qudian Inc. 6-K