HTT on NYSE

Qudian

Qudian is a Chinese online small consumer credit provider based in Beijing, founded in 2014.1 Its shares trade on NYSE under the symbol HTT.1

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Last updated Oct 20, 2026.

Overview

$5.9MRevenue, fiscal 20254
$101.3MNet income, fiscal 20254
Mar 2014Founded1

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  • TickerHTT on NYSE1
  • Industryfinancial services1
  • HeadquartersBeijing1
  • Websitewww.qudian.com
  • Incorporated inCayman Islands5
  • Business addressNo. 101 Meishe Road, Meilin Street, Tongan District, Xiamen, Fujian Province5
  • Filer categoryAccelerated filer5
  • Legal formcompany limited by shares3
  • LEI549300MY8WXPOW8RKH113
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressC/O Conyers Trust Company (Cayman) Limited, KY1-1111 George Town, Cayman Islands3
  • Registered withGeneral Registry, 3170563

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The Group was founded in April 2014 and operated its business through Beijing Happy Time Technology Development Co., Ltd., which changed its name to Xiamen Quxianxiang Time Technology Co., Ltd. in February 2025, or Xiamen Quxianxiang. The Group initially operated its business by facilitating credit solutions to college students on campuses across China. In November 2015, the Group shifted its focus to a broader base of young consumers in China, and the Group terminated its on-campus business.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-972.6%Operating margin4
1729.9%Net margin4
-80.2%Revenue growth, 20254
6.1%Return on equity4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Delivery service Income brought in 59% of the revenue Qudian broke down this way in fiscal 2025.

  1. Delivery service Income24.0M CNY459%down 88% from 2024
  2. Sales Income17.0M CNY441%up 34% from 2024
Products and services by year
Products and services202320242025
Delivery service Income95.3M CNY203.7M CNY24.0M CNY
Sales Income31.0M CNY12.7M CNY17.0M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue5¢$5.4M
  • Research and development6¢$6.5M
  • Income tax4¢$4.4M
  • Profit86¢$101.3M

Out of $5.9M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks44¢$43.0M
  • Kept or used elsewhere56¢$55.3M

Out of $98.2M of cash from operations.4

Financial statements

Revenue789101112134$5.9M in 2025−99% since 2018
0$500.0M$1.0B$1.5B2018: $1.1B$1.1B20182019: $1.3B$1.3B2019+13%2020: $565.2M$565.2M2020−55%2021: $259.6M$259.6M2021−54%2022: $83.7M$83.7M2022−68%2023: $17.8M$17.8M2023−79%2024: $29.7M$29.7M2024+67%2025: $5.9M$5.9M2025−80%
Operating income789101112134-$57.0M in 2025
-$200.0M0$200.0M$400.0M$600.0M2018: $391.2M$391.2M20182019: $552.8M$552.8M2019+41%2020: $132.7M$132.7M2020−76%2021: $144.8M$144.8M2021+9%2022: -$47.8M-$47.8M20222023: -$46.6M-$46.6M2023−2%2024: -$42.2M-$42.2M2024−9%2025: -$57.0M-$57.0M2025+35%
Net income789101112134$101.3M in 2025−72% since 2018
-$200.0M0$200.0M$400.0M$600.0M2018: $362.3M$362.3M20182019: $468.9M$468.9M2019+29%2020: $146.9M$146.9M2020−69%2021: $92.4M$92.4M2021−37%2022: -$52.5M-$52.5M20222023: $5.5M$5.5M20232024: $12.6M$12.6M2024+128%2025: $101.3M$101.3M2025+706%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Total revenues41.0M CNY216.4M CNY126.3M CNY
Cost of goods sold-7.7M CNY-1.0M CNY-27.7M CNY
Cost of delivery services income and other revenues-30.3M CNY-200.0M CNY-132.4M CNY
Total cost of revenues-38.0M CNY-201.0M CNY-160.1M CNY
Sales and marketing-8.1M CNY-5.9M CNY-3.8M CNY
General and administrative-291.5M CNY-276.6M CNY-273.6M CNY
Research and development-45.7M CNY-58.5M CNY-47.8M CNY
(Provision for)/Reversal of expected credit losses on receivables and other assets-2.1M CNY18.6M CNY-24.7M CNY
Impairment loss from other assets-54.3M CNY-1.6M CNY-5.8M CNY
Total operating expenses-401.7M CNY-323.9M CNY-355.6M CNY
Other operating income377.5K CNY298.4K CNY58.4M CNY
Loss from operations-398.4M CNY-308.1M CNY-331.0M CNY
Interest and investment income, net990.4M CNY380.1M CNY255.3M CNY
Gain/(loss) from equity method investments-18.9M CNY-4.0M CNY3.2M CNY
Gain on derivative instruments188.7M CNY19.5M CNY153.8M CNY
Foreign exchange (loss)/gain, net-46.3M CNY20.7M CNY-2.9M CNY
Other income26.0M CNY61.4M CNY29.0M CNY
Other expenses-2.2M CNY-11.8M CNY-6.0M CNY
Net income before income taxes739.3M CNY157.5M CNY101.5M CNY
Income tax expenses-30.7M CNY-65.8M CNY-62.3M CNY
Net income708.6M CNY91.7M CNY39.1M CNY
Foreign currency translation adjustment-68.9M CNY37.9M CNY21.8M CNY
Total comprehensive income639.7M CNY129.6M CNY61.0M CNY

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Corporate structure

Qudian sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Qudian

  • Qufenqi Holding Ltd Filed SCHEDULE 13G/A on Qudian, latest Feb 12, 2025
  • Qudian Beijing, China

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Qudian reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$254.2M4 Dec 31, 2025$224.9M13 Dec 31, 2024+13.0%
Accumulated depreciation$14.1M4 Dec 31, 2025$7.5M13 Dec 31, 2024+87.4%
Property and equipment, net$239.9M4 Dec 31, 2025$217.3M13 Dec 31, 2024+10.4%
Operating-lease assets (leased space)$13.2M4 Dec 31, 2025$21.6M13 Dec 31, 2024−38.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$791.1M4 Dec 31, 2025$584.1M13 Dec 31, 2024+35.4%
Marketable securities, current$108.9M4 Dec 31, 2025$128.7M13 Dec 31, 2024−15.4%
Stakes in other companies (equity method)$18.1M4 Dec 31, 2025$20.0M13 Dec 31, 2024−9.6%
Long-term investments$10.0M4 Dec 31, 2025$11.0M13 Dec 31, 2024−9.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, net$226.8K4 Dec 31, 2025$302.4K13 Dec 31, 2024−25.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$8.0M4 Dec 31, 2025$1.5M12 Dec 31, 2023+447.0%

Leadership

Who has led Qudian, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Min Luo2026–now
201520202025
  • Chief executive officerMin Luo Mar 27, 2026 to now14
Board members and other officers (4)

Former names

  • Qudian Inc.Feb 24, 2017 to Dec 22, 20255

Timeline

  1. Mar 27, 2026New chief executive Min Luo becomes CEO14
  2. Oct 17, 2017Went public Listed on NYSE1
  3. Mar 2014Founded Founded1

Calendar

Coming up

  1. Nov 23, 2026Reports results for the quarter ending Sep/202617

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

64 filings to the SEC since October 2021: 7 annual reports, 5 insider forms, 3 large holders, 49 other. The latest 20:

  1. Oct 14, 20266-K EDGAR
  2. Jun 29, 2026SC TO-I/A EDGAR
  3. Jun 25, 2026SC TO-I/A EDGAR
  4. May 26, 20266-K EDGAR
  5. May 26, 2026SC TO-I EDGAR
  6. Apr 10, 202620-F EDGAR
  7. Mar 31, 20263 OWNERSHIP DOCUMENT EDGAR
  8. Mar 27, 20263 OWNERSHIP DOCUMENT EDGAR
  9. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  10. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  11. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  12. Mar 11, 20266-K EDGAR
  13. Dec 22, 2025424B3 PROSPECTUS EDGAR
  14. Dec 11, 20256-K EDGAR
  15. Dec 5, 2025144 EDGAR
  16. Nov 24, 20256-K EDGAR
  17. Nov 12, 20256-K EDGAR
  18. Sep 24, 20256-K EDGAR
  19. Aug 13, 20256-K EDGAR
  20. May 30, 20256-K EDGAR

The 64 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 41. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
UBS Group AG1,991,699$5.1M0.0%−271,783
Taikang Asset Management (Hong Kong) Co Ltd1,300,000$3.3M0.3%No change
Dimensional Fund Advisors LP1,247,796$3.2M0.0%−34,929
E Fund Management (Hong Kong) Co., Ltd.305,170$781.2K0.3%+4,565
E Fund Management Co., Ltd.305,170$781.2K0.0%+4,565
Commonwealth Of Pennsylvania Public School Empls Retrmt Sys203,829$521.8K0.0%−1,695
Morgan Stanley163,702$419.1K0.0%−634,628
Renaissance Technologies LLC143,213$366.6K0.0%+120,013
Invesco Ltd.125,810$322.1K0.0%−17,474
State Street Corp117,946$301.9K0.0%−7,435
Public Employees Retirement System Of Ohio97,048$248.4K0.0%−30,071
Two Sigma Investments, LP95,321$244.0K0.0%−181,513
Bnp Paribas Financial Markets66,701$170.8K0.0%+3,100
Nomura Holdings Inc57,142$146.3K0.0%New
Police & Firemen's Retirement System of New Jersey56,308$144.1K0.0%No change
American Century Companies Inc51,105$130.8K0.0%No change
Citadel Advisors LLC44,134$113.0K0.0%−96,086
Sei Investments Co40,274$103.1K0.0%−71,911
Point72 Asset Management, L.P.39,075$100.0K0.0%−5,788
Jane Street Group, LLC32,025$82.0K0.0%−14,476
BlackRock, Inc.28,163$72.1K0.0%−13,734
Oasis Management Co Ltd.27,775$71.1K0.0%−100,100
SBI Securities Co., Ltd.23,320$59.7K0.0%−410
Susquehanna International Group, Llp20,536$52.6K0.0%New
Stifel Financial Corp20,000$51.2K0.0%−2,250

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Qudian is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHigh Templar Tech Ltd2
  • CIK0001692705
  • Filer statusAccelerated filer not an emerging growth company; not a shell company6
  • Incorporated inCayman Islands6
  • Fiscal year endsDecember 312
  • Industry code (SIC)6199 Finance Services2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business addressNo. 101 Meishe Road, Meilin Street, Tongan District, Xiamen, Fujian Province, China2
  • Phone86-592-59682082
  • Shares outstanding93,185,285 Common Class A shares; 63,491,172 Common Class B shares as of Dec 31, 20256
  • AuditorMarcum Asia CPAs LLP, New York, New York PCAOB ID 5395; it also attests to the company’s internal control over financial reporting6
  • On EDGAR sinceFeb 24, 20172
  • Filings154 in all: 6-K (63), UPLOAD (15), CORRESP (10), 20-F (9), DRSLTR (7), SC 13G (7), 3 (5), DRS/A (5)2
    All 29 form types

    SC 13G/A (5), F-1/A (3), SC 13D/A (3), 20-F/A (2), EFFECT (2), S-8 (2), SC TO-I/A (2), 144 (1), 424B3 (1), 424B4 (1), 8-A12B (1), CERTNYS (1), CT ORDER (1), DRS (1), F-1 (1), F-6 (1), F-6EF (1), FWP (1), SC 13D (1), SC TO-I (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Apr 10, 2026

Securities registered for trading

ClassSymbolExchange
American Depositary SharesHTTNew York Stock Exchange
Class A Ordinary Shares

From the cover page of the 20-F filed Apr 10, 2026 (Section 12(b) of the Exchange Act).6

Sources

The numbers on this page point here. Each one links to the record it came from.

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