Earnings release
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Qudian Inc. Reports Third Quarter 2021 Unaudited Financial Results XIAMEN , China , December 13 , 2021 / PRNewswire / -- Qudian Inc. ( “ Qudian ” or " the Company " or " We " ) ( NYSE : QD ) , a leading technology platform empowering the enhancement of the online consumer finance experience in China , today announced its unaudited financial results for the quarter ended September 30 , 2021 . Third Quarter 2021 Operational Highlights : • . • Number of outstanding borrowers [ 1 ] from loan book business as of September 30 , 2021 decreased by 3.1 % to 2.8 million from 2.9 million as of June 30 , 2021 , as a result of the Company's deployment of a conservative and prudent strategy Total outstanding loan balance from loan book business [ 2 ] decreased by 14.4 % to RMB3.0 billion as of September 30 , 2021 , compared to the outstanding balance as of June 30 , 2021 Amount of transactions from loan book business for this quarter decreased by 12.1 % to RMB3.4 billion from the second quarter of 2021 Weighted average loan tenure for our loan book business was 4.3 months for this quarter , compared with 4.4 months in the second quarter of 2021 [ 1 ] Outstanding borrowers are borrowers who have outstanding loans from the Company's loan book business as of a particular date . [ 2 ] Includes ( i ) off and on balance sheet loans directly or indirectly funded by our institutional funding partners or our own capital , net of cumulative write - offs and ( ii ) does not include auto loans from Dabai Auto business . Third Quarter 2021 Financial Highlights : • • • Total revenues were RMB347.4 million ( US $ 53.9 million ) , compared to RMB849.4 million from the same period of last year Net loss attributable to Qudian's shareholders was RMB94.2 million ( US $ 14.6 million ) , compared to an income of RMB592.3 million from the same period of last year , or net loss of RMB0.37 ( US $ 0.06 ) per diluted ADS Non - GAAP net loss attributable to Qudian's shareholders [ 3 ] was RMB99.1 million ( US $ 15.4 million ) , compared to an income of RMB576.4 million from the same period of last year , or non - GAAP net loss of RMB0.39 ( US $ 0.06 ) per diluted ADS