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XIAMEN, China - Consumer technology company Qudian Inc. (NYSE:QD), whose stock has surged over 120% in the past year, announced Wednesday that board director Yingming Li has resigned effective September 23, 2025, citing personal reasons.
The company, which historically focused on providing consumer credit solutions but is now exploring other technology-enabled consumer businesses, expressed gratitude for Li’s service in a press release statement. With a strong current ratio of 9.13 and analysts forecasting 159% revenue growth this year, Qudian maintains a solid financial foundation for its business transformation.
No replacement for Li’s board position was announced, and the company did not provide details about how his departure might affect board operations or governance structure.
Qudian, which is listed on the New York Stock Exchange, has been transitioning its business model in recent years, moving beyond its original consumer credit focus to explore new technology-driven consumer opportunities.
The announcement comes as part of the company’s ongoing corporate governance disclosures. Qudian did not elaborate on the specific personal reasons behind Li’s departure or his tenure length with the company. For detailed financial health metrics and 12 additional exclusive ProTips about Qudian, visit InvestingPro.
In other recent news, Qudian experienced a significant 93.5% year-over-year decrease in revenue for the second quarter of 2025. This decline is attributed to the company’s decision to exit its last-mile delivery business amid rising competition. Despite the steep revenue drop, Qudian’s net income saw a substantial increase, largely due to a 392.3% rise in interest and investment income. These developments highlight the company’s strategic shift away from delivery services. Investors may take note of the contrasting trends in Qudian’s financial performance. The revenue plunge reflects the challenges in the delivery sector, while the increase in net income suggests successful gains in other financial areas. Such mixed results may prompt analysts to reassess their outlook on the company’s future performance.
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