Qudian Inc
NYSE:QD
Income Statement
Earnings Waterfall
Qudian Inc
Revenue
|
126.3m
CNY
|
Cost of Revenue
|
-160.1m
CNY
|
Gross Profit
|
-33.8m
CNY
|
Operating Expenses
|
-291.4m
CNY
|
Operating Income
|
-325.2m
CNY
|
Other Expenses
|
364.3m
CNY
|
Net Income
|
39.1m
CNY
|
Income Statement
Qudian Inc
Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||
Revenue |
1 906
N/A
|
2 904
+52%
|
4 000
+38%
|
4 775
+19%
|
5 657
+18%
|
6 903
+22%
|
7 380
+7%
|
7 692
+4%
|
8 073
+5%
|
8 050
0%
|
8 712
+8%
|
8 840
+1%
|
7 701
-13%
|
6 647
-14%
|
4 906
-26%
|
3 688
-25%
|
3 246
-12%
|
2 491
-23%
|
1 989
-20%
|
1 654
-17%
|
1 340
-19%
|
1 034
-23%
|
796
-23%
|
578
-27%
|
398
-31%
|
303
-24%
|
223
-27%
|
126
-43%
|
|
Gross Profit | |||||||||||||||||||||||||||||
Cost of Revenue |
(302)
|
(497)
|
(687)
|
(24)
|
(1 445)
|
(2 199)
|
(2 638)
|
(2 004)
|
(2 310)
|
(1 648)
|
(1 156)
|
(366)
|
(737)
|
(817)
|
(810)
|
(645)
|
(858)
|
(556)
|
(462)
|
(79)
|
(240)
|
(216)
|
(348)
|
(327)
|
(374)
|
(345)
|
(155)
|
(160)
|
|
Gross Profit |
1 604
N/A
|
2 408
+50%
|
3 313
+38%
|
4 752
+43%
|
4 212
-11%
|
4 704
+12%
|
4 742
+1%
|
5 689
+20%
|
5 763
+1%
|
6 402
+11%
|
7 556
+18%
|
8 474
+12%
|
6 964
-18%
|
5 830
-16%
|
4 096
-30%
|
3 043
-26%
|
2 388
-22%
|
1 935
-19%
|
1 527
-21%
|
1 576
+3%
|
1 100
-30%
|
818
-26%
|
449
-45%
|
251
-44%
|
24
-91%
|
(42)
N/A
|
67
N/A
|
(34)
N/A
|
|
Operating Income | |||||||||||||||||||||||||||||
Operating Expenses |
(540)
|
(735)
|
(1 099)
|
(1 323)
|
(1 836)
|
(2 126)
|
(2 168)
|
(2 151)
|
(2 080)
|
(2 295)
|
(2 632)
|
(2 946)
|
(3 508)
|
(3 487)
|
(2 896)
|
(2 048)
|
(921)
|
(317)
|
(275)
|
(478)
|
(609)
|
(611)
|
(601)
|
(359)
|
(158)
|
(243)
|
(135)
|
(291)
|
|
Selling, General & Administrative |
(300)
|
(422)
|
(611)
|
(615)
|
(699)
|
(806)
|
(736)
|
(796)
|
(780)
|
(696)
|
(658)
|
(567)
|
(539)
|
(626)
|
(619)
|
(579)
|
(548)
|
(454)
|
(522)
|
(571)
|
(608)
|
(558)
|
(607)
|
(559)
|
(471)
|
(449)
|
(290)
|
(277)
|
|
Research & Development |
(64)
|
(103)
|
(143)
|
(153)
|
(172)
|
(170)
|
(159)
|
(200)
|
(220)
|
(246)
|
(248)
|
(205)
|
(196)
|
(189)
|
(196)
|
(171)
|
(155)
|
(138)
|
(127)
|
(141)
|
(122)
|
(101)
|
(79)
|
(58)
|
(49)
|
(40)
|
(34)
|
(48)
|
|
Other Operating Expenses |
(176)
|
(210)
|
(345)
|
(555)
|
(965)
|
(1 150)
|
(1 273)
|
(1 155)
|
(1 080)
|
(1 353)
|
(1 726)
|
(2 175)
|
(2 772)
|
(2 672)
|
(2 081)
|
(1 298)
|
(218)
|
275
|
374
|
234
|
120
|
48
|
85
|
258
|
363
|
246
|
189
|
34
|
|
Operating Income |
1 064
N/A
|
1 673
+57%
|
2 213
+32%
|
3 428
+55%
|
2 376
-31%
|
2 578
+8%
|
2 575
0%
|
3 538
+37%
|
3 683
+4%
|
4 107
+12%
|
4 924
+20%
|
5 528
+12%
|
3 457
-37%
|
2 343
-32%
|
1 200
-49%
|
995
-17%
|
1 467
+47%
|
1 618
+10%
|
1 252
-23%
|
1 098
-12%
|
491
-55%
|
207
-58%
|
(152)
N/A
|
(108)
+29%
|
(134)
-24%
|
(285)
-113%
|
(68)
+76%
|
(325)
-379%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||
Interest Income Expense |
48
|
46
|
9
|
(1 010)
|
(191)
|
(203)
|
(223)
|
(903)
|
(225)
|
(171)
|
(432)
|
(1 652)
|
(1 258)
|
(1 168)
|
(528)
|
209
|
819
|
762
|
358
|
(94)
|
27
|
(47)
|
(370)
|
104
|
565
|
656
|
948
|
409
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(156)
|
(270)
|
(315)
|
(321)
|
(269)
|
(158)
|
(114)
|
(107)
|
(6)
|
|
Total Other Income |
(11)
|
(11)
|
(11)
|
2
|
2
|
10
|
12
|
15
|
14
|
28
|
24
|
14
|
30
|
18
|
17
|
17
|
7
|
(4)
|
(3)
|
(1)
|
(8)
|
(3)
|
(0)
|
3
|
6
|
18
|
26
|
23
|
|
Pre-Tax Income |
1 101
N/A
|
1 708
+55%
|
2 212
+29%
|
2 420
+9%
|
2 187
-10%
|
2 385
+9%
|
2 364
-1%
|
2 649
+12%
|
3 472
+31%
|
3 964
+14%
|
4 516
+14%
|
3 891
-14%
|
2 228
-43%
|
1 194
-46%
|
689
-42%
|
1 221
+77%
|
2 293
+88%
|
2 376
+4%
|
1 607
-32%
|
846
-47%
|
240
-72%
|
(159)
N/A
|
(844)
-432%
|
(270)
+68%
|
279
N/A
|
275
-1%
|
799
+190%
|
101
-87%
|
|
Net Income | |||||||||||||||||||||||||||||
Tax Provision |
(191)
|
(290)
|
(297)
|
(256)
|
(172)
|
(154)
|
(100)
|
(158)
|
(347)
|
(419)
|
(612)
|
(626)
|
(400)
|
(330)
|
(276)
|
(262)
|
(369)
|
(363)
|
(282)
|
(261)
|
(275)
|
(207)
|
(74)
|
(92)
|
(84)
|
(96)
|
(153)
|
(62)
|
|
Income from Continuing Operations |
910
|
1 418
|
1 915
|
2 165
|
2 015
|
2 231
|
2 264
|
2 491
|
3 125
|
3 544
|
3 904
|
3 264
|
1 828
|
864
|
413
|
959
|
1 924
|
2 014
|
1 326
|
586
|
(35)
|
(366)
|
(918)
|
(362)
|
195
|
180
|
646
|
39
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
3
|
3
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
910
N/A
|
1 418
+56%
|
1 915
+35%
|
2 165
+13%
|
2 015
-7%
|
2 231
+11%
|
2 264
+1%
|
2 491
+10%
|
3 125
+25%
|
3 544
+13%
|
3 904
+10%
|
3 264
-16%
|
1 828
-44%
|
864
-53%
|
413
-52%
|
959
+132%
|
1 924
+101%
|
2 015
+5%
|
1 328
-34%
|
589
-56%
|
(32)
N/A
|
(363)
-1 029%
|
(917)
-152%
|
(362)
+61%
|
195
N/A
|
180
-8%
|
646
+260%
|
39
-94%
|
|
EPS (Diluted) |
2.78
N/A
|
4.3
+55%
|
5.87
+37%
|
7.09
+21%
|
6.08
-14%
|
6.75
+11%
|
7.06
+5%
|
7.74
+10%
|
10.49
+36%
|
12.4
+18%
|
12.19
-2%
|
10.86
-11%
|
7.2
-34%
|
3.17
-56%
|
1.53
-52%
|
3.5
+129%
|
7.21
+106%
|
7.54
+5%
|
5.23
-31%
|
2.21
-58%
|
-0.12
N/A
|
-1.46
-1 117%
|
-3.74
-156%
|
-1.47
+61%
|
0.85
N/A
|
0.8
-6%
|
3.01
+276%
|
0.18
-94%
|