Quhuo reports 2023 EPS RMB 0.06 vs. (RMB 0.23) last year

Reports 2023 revenue RMB 3.7T vs. RMB 3.8T last year. Leslie Yu, Quhuo’s Chairman and CEO, said, “We are pleased to close out fiscal year 2023 with strong financial and operational results. As of the end of 2023, we have achieved positive EBITDA for four consecutive half years, which is a remarkable accomplishment. It signifies the company’s consistent profitability over the past two years, demonstrating a stable and sound operational performance. In 2023, we strategically pursued a second growth curve for our business by expanding into new avenues through vehicle export solutions and SaaS+ services , following our strategy to enhance profitability following revenue growth initiated in the fiscal year 2021. Our successful export of approximately 1,900 units of new energy vehicles and electric mopeds from China, generating revenue of RMB154.5 million, underscores the growth potential of our new business ventures. Furthermore, we have empowered local service providers through SaaS+ services, resulting in favorable transformational outcomes. The gross profit of housekeeping and accommodation solutions and other services achieved a significant increase leveraging SaaS+. In the future, we anticipate forming large-scale partnerships with new customers and expanding service coverage to a wider business area, bringing more business growth to the Company through SaaS+ services. With a firm belief in the immense opportunities presented by global markets, we are dedicated to seizing these prospects for growth and advancement. Coupled with over a decade of experience in internet operation and technology as well as outstanding last-mile delivery capability achieved through flexible labor practices by Quhuo, the Company will leverage China’s superior capabilities and industry clusters in new energy vehicle manufacturing to adapt to the vast overseas market. By capitalizing on our core strengths and fostering strong collaborations, we aim to penetrate untapped markets, strengthen our global footprint, capture emerging opportunities, and drive sustained success in the years ahead.”