7Baggers

Qudian Inc
(NYSE:QD) 

QD stock logo

Qudian Inc. provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers small credit products, such as cash credit prod...

Founded: 2014
Full Time Employees: 947
Sector: Financial Services
Industry: Credit Services
Lending ServiceChineseFinancial Services
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• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
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At a glance:
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Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2025-11-24 2025-08-13 2025-05-30 2025-03-20 2024-12-31 2024-11-25 2024-09-06 2024-06-13 2024-03-18 2023-12-31 2023-12-18 2023-09-08 2023-06-13 2023-02-22 2022-12-31 2022-11-22 2022-09-08 2022-06-16 2022-03-21 2021-12-31 2021-12-16 2021-08-25 2021-06-17 2021-04-20 2020-12-31 2020-12-16 2020-09-09 2020-05-28 2020-03-23 2019-12-31 2019-11-18 2019-08-19 2019-06-26 2019-05-20 2019-03-19 2018-12-31 2018-11-21 2018-08-27 2018-05-29 2018-03-19 2017-12-31 2017-11-13 
                                              
      revenues:
    		                                          
      sales income and others
    		8,523,000 3,490,000 25,789,000 52,236,000  55,015,000 53,328,000 55,849,000 63,794,000  29,598,000 11,088,000 21,859,000 19,305,000  50,417,000 8,753,000 4,141,000 7,158,000  7,326,000 23,655,000 62,530,000                    
      total revenues
    		8,523,000 3,490,000 25,789,000 52,236,000  55,015,000 53,328,000 55,849,000 63,794,000  29,598,000 11,088,000 21,859,000 160,069,000  110,158,000 105,446,000 201,819,000 378,887,000  347,365,000 412,087,000 515,704,000 713,644,000  849,422,000 1,167,048,000 957,861,000 1,931,570,000  2,590,917,000 2,220,697 2,096,860,104 2,096,859 1,803,158  1,928,911,000 2,243,651,000 1,716,622,000 4,775,366 1,491,225,052 3,284,141,000 
      yoy
    		 -93.66% -51.64% -6.47%   80.17% 403.69% 191.84%   -89.93% -79.27% -20.69%   -69.64% -51.03% -26.53%   -51.49% -55.81% -25.50%   -54.96% 43033.35% -7.88%  143587.74%  8.71% -99.91% -99.89%  29.35% -31.68%     
      qoq
    		144.21% -86.47% -50.63%   3.16% -4.51% -12.45%   166.94% -49.27% -86.34%   4.47% -47.75% -46.73%   -15.71% -20.09% -27.74%   -27.22% 21.84% -50.41%   116571.34% -99.89% 99900.05% 16.29%   -14.03% 30.70% 35847.44% -99.68% -54.59%  
      operating cost and expenses:
    		                                          
      cost of revenues
    		-6,549,000 -2,956,000 -26,239,000 -47,826,000  -48,913,000 -46,248,000 -58,036,000 -78,363,000  -46,279,000 -12,667,000 -22,806,000 -73,653,000  -236,226,000 -41,083,000 -32,130,000 -38,272,000  -104,551,000 -64,890,000 -91,012,000 -201,570,000  -198,787,000 -366,381,000 -95,615,000 -148,831,000  -206,336,000 -286,135  -260,485 -402,688  -698,519,000 -947,817,000 -686,404,000 -880,846   
      sales and marketing
    		-5,689,000 -671,000 -1,448,000 -2,586,000  -2,123,000 -1,054,000 -105,000 -1,167,000    -2,629,000 -18,520,000  -176,797,000 -53,211,000 -23,083,000 -27,799,000  -32,878,000 -29,140,000 -37,559,000 -12,880,000  -64,792,000 -156,806,000 -58,805,000 -57,489,000  -65,538,000 -77,732 -79,857,035 -79,857 -136,949  -120,071,000 -160,586,000 -122,945,000 -431,749 -94,381,549 -337,368,000 
      general and administrative
    		-82,672,000 -65,853,000 -48,344,000 -113,560,000  -58,580,000 -47,165,000 -57,261,000 -76,173,000  -80,796,000 -65,419,000 -51,201,000 -67,764,000  -63,121,000 -34,828,000 -118,429,000 -109,793,000  -157,678,000 -109,112,000 -66,693,000 -75,714,000  -58,308,000 -75,334,000 -76,550,000 -70,768,000  -65,069,000 -67,326 -82,895,823 -82,896 -82,535  -48,233,000 -69,110,000 -55,990,000 -183,674 -64,274,832 -119,399,000 
      research and development
    		-11,102,000 -11,331,000 -13,064,000 -12,816,000  -14,576,000 -15,219,000 -15,853,000 -16,103,000  -11,277,000 -9,918,000 -10,466,000 -2,538,000  -17,387,000 -18,774,000 -19,576,000 -22,798,000  -40,071,000 -39,204,000 -39,190,000 -8,601,000  -51,100,000 -56,265,000 -54,725,000 -34,288,000  -44,103,000 -62,882 -63,508,094 -63,508 -77,939  -41,237,000 -36,863,000 -43,521,000 -153,258 -37,108,564 -116,149,000 
      reversal of/(provision for) expected credit losses on receivables and other assets
    		-180,000                                          
      impairment loss from other assets
    		-12,949,000 -37,148,000 -3,160,000 -229,000   -387,000 -350,000 -3,054,000   -1,343,000 -2,661,000                              
      total operating cost and expenses
    		-119,141,000 -117,689,000 -91,298,000 -163,671,000  -121,998,000 -110,824,000 -128,382,000 -184,126,000  -141,068,000 -106,660,000 -83,863,000 -108,842,000  -410,637,000 -135,936,000 -285,518,000 -603,679,000  -273,238,000 -89,337,000 -63,266,000 -16,726,000  -100,040,000 -982,380,000 -2,066,554,000 -1,754,265,000  -1,400,757,000 -959,056  -985,718 -929,000  -1,228,988,000 -1,473,074,000 -1,395,661,000 -2,404,843 -943,005,601 -1,461,837,000 
      income from operations
    		-110,618,000 -113,869,000 -65,474,000 -111,278,000  -66,983,000 -57,377,000 -72,511,000 -107,246,000  -100,802,000 -94,102,000 -28,860,000 66,085,000  -299,792,000 -29,361,000 -66,433,000 -168,064,000  82,820,000 327,232,000 464,809,000 746,598,000  767,757,000 312,366,000 -961,122,000 226,824,000  1,219,585,000 1,264,211 1,138,135,742 1,138,136 886,360  702,809,000 773,780,000 326,418,000 2,421,226 559,132,803 1,862,093,000 
      yoy
    		 70.00% 14.11% 53.46%   -43.08% -22.94% 271.61%   -68.61% -1.71% -199.48%   -135.45% -120.30% -136.16%   -57.38% 48.80% -177.68%   -74.39% -76125.44% -80.07%  137494.77%  61.94% -99.85% -99.73%  25.70% -58.45%     
      qoq
    		-2.86% 73.91% -41.16%   16.74% -20.87% -32.39%   7.12% 226.06% -143.67%   921.06% -55.80% -60.47%   -74.69% -29.60% -37.74%   145.79% -132.50% -523.73%   96370.05% -99.89% 99899.98% 28.41%   -9.17% 137.05% 13381.52% -99.57% -69.97%  
      operating margin %
    		-1297.88% -3262.72% -253.88% -213.03% NaN% -121.75% -107.59% -129.83% -168.11% NaN% -340.57% -848.68% -132.03% 41.29% NaN% -272.15% -27.84% -32.92% -44.36% NaN% 23.84% 79.41% 90.13% 104.62% NaN% 90.39% 26.77% -100.34% 11.74% NaN% 47.07% 56.93% 54.28% 54.28% 49.16% NaN% 36.44% 34.49% 19.02% 50.70% 37.49% 56.70% 
      interest and investment income
    		421,344,000 440,506,000 165,435,000 7,971,000  228,420,000 89,485,000 54,187,000 14,347,000   6,798,000 241,287,000 224,055,000   4,646,000 -42,274,000 163,781,000  -125,501,000 17,713,000 87,892,000 6,714,000  -38,786,000 -65,758,000 436,042,000 -3,095,000  10,511,000 11,348 2,107,303 2,107 -11,867  23,487,000 4,584,000 19,536,000 4,211 5,536,903 -1,326,000 
      loss from equity method investments
    		-102,000   -2,102,000            -44,000 -241,000                          
      gain on derivative instruments
    		73,921,000 30,212,000 47,328,000   30,246,000 58,376,000 -36,517,000 -35,480,000   10,434,000 286,850,000 262,049,000    60,367,000                         
      foreign exchange loss
    		-5,216,000 -11,343,000     -1,186,000  -1,390,000            -229,000  -219,000   -2,596,000         -34,442  -52,799,000  -21,950,000 -7,177   
      other income
    		19,131,000 1,229,000 5,666,000 51,216,000  2,030,000 714,000 7,391,000 84,000  10,694,000 16,622,000 1,605,000 254,000  9,931,000 9,569,000 79,000 20,000  15,000 85,000 5,094,000 369,000  613,000 10,059,000 15,316,000 958,000  483,000 21,915 1,226,710 1,227 4,286  2,445,000 7,828,000 672,000 2,108 1,711,933 396,000 
      other expenses
    		-228,000 -447,000 -439,000 -7,284,000  -13,809,000 -342,000 -247,000 -2,930,000  -2,157,000 -308,000 -571,000   -9,587,000 -4,974,000 -2,039,000 -6,302,000  -2,176,000 -750,000 -206,000 -5,519,000  -3,462,000 -94,000 -189,000 -6,661,000  -1,764,000 -372 -1,526,205          
      net income before income taxes
    		398,232,000 345,283,000 150,114,000   170,616,000 90,490,000 -48,856,000 -134,393,000    499,851,000 563,643,000   -54,234,000 -48,772,000 -10,487,000  -45,071,000 344,599,000 557,370,000 750,326,000  723,526,000 261,533,000 -514,588,000 218,628,000  1,228,001,000 1,296,028 1,147,864,849 1,147,865 844,042  675,886,000 804,612,000 324,508,000 2,420,005 558,844,823 1,861,160,000 
      income tax expenses
    		11,671,000 -33,521,000 -9,000 -1,760,000  -38,702,000  -24,754,000 17,319,000  24,821,000 -18,928,000 -85,553,000 -73,540,000  82,309,000 -7,081,000 -94,115,000 -55,503,000  -50,347,000 -75,457,000  -76,451,000  -131,264,000 -82,371,000  -90,755,000  -184,614,000 -152,622 -198,242,528 -198,243 -76,516  7,897,000 -80,420,000 -8,692,000 -255,546 -18,753,003 -236,793,000 
      net income
    		409,903,000 311,762,000 150,105,000 -66,361,000  131,914,000 99,787,000 -73,610,000 -117,074,000  -181,228,000 -76,865,000 414,298,000 490,103,000  -647,952,000 -61,315,000 -142,887,000 -65,990,000  -95,418,000 269,142,000 478,195,000 673,875,000  592,262,000 179,162,000 -486,480,000 127,873,000  1,043,387,000 1,143,406 949,622,321 949,622 767,526  683,783,000 724,192,000 315,816,000 2,164,459 540,091,820 1,624,367,000 
      yoy
    		 136.34% 50.43% -9.85%   -155.06% -4.23% -128.26%   -88.14% -775.69% -443.00%   -35.74% -153.09% -113.80%   -54.56% 166.91% -238.52%   -82.83% -42646.57% -86.53%  135841.58%  38.88% -99.87% -99.76%  26.60% -55.42%     
      qoq
    		31.48% 107.70% -326.19%   32.20% -235.56% -37.13%   135.77% -118.55% -15.47%   956.76% -57.09% 116.53%   -135.45% -43.72% -29.04%   230.57% -136.83% -480.44%   91152.54% -99.88% 99900.03% 23.73%   -5.58% 129.31% 14490.99% -99.60% -66.75%  
      net income margin %
    		4809.37% 8933.01% 582.05% -127.04% NaN% 239.78% 187.12% -131.80% -183.52% NaN% -612.30% -693.23% 1895.32% 306.18% NaN% -588.20% -58.15% -70.80% -17.42% NaN% -27.47% 65.31% 92.73% 94.43% NaN% 69.73% 15.35% -50.79% 6.62% NaN% 40.27% 51.49% 45.29% 45.29% 42.57% NaN% 35.45% 32.28% 18.40% 45.33% 36.22% 49.46% 
      net income attributable to qudian inc.’s shareholders
    		409,903,000  150,105,000          414,298,000 490,103,000   -61,315,000 -142,799,000 -65,063,000  -94,170,000 269,947,000 478,362,000 673,875,000  592,262,000 179,162,000 -486,480,000 127,873,000   1,143,406 949,622,321 949,622 767,526  683,783,000 724,192,000  2,164,459   
      earning per share for class a and class b ordinary shares:
    		                                          
      basic
    		2.55 1.92                                         
      diluted
    		2.47 1.86                                         
      earning per ads
    		                                          
      basic
    		2.55 1.92                                         
      diluted
    		2.47 1.86                                         
      weighted-average number of class a and class b ordinary shares outstanding:
    		                                          
      basic
    		160,998,923 162,649,164 167,011,354 172,381,467 182,859,075 180,111,125 184,571,121 194,517,922 204,075,368 217,281,512 214,666,223 223,467,498 227,199,812 236,955,750 246,024,592 245,215,663 248,458,980 253,735,434 253,682,383 253,438,807 253,649,009 253,370,503 253,044,009 253,663,338  253,523,668 253,724,694 253,874,830 254,466,950 278,531,382 279,325,050 284,022,960 296,766,678 296,766,678 302,326,683 318,685,836 318,484,524 327,811,355  126,410,744 126,390,196  
      diluted
    		165,790,336 167,456,506 171,896,551 177,303,133 187,780,699 185,092,607 189,684,527 199,633,026 207,646,764 222,222,858 214,666,223 226,379,819 229,412,998 236,955,750 246,024,592 245,215,663 253,530,688 259,137,777 265,107,010 266,292,869 266,458,506 266,973,780 266,647,286 267,392,578  268,752,268 272,190,273 253,874,830 293,747,979 300,457,711 320,089,013 285,735,609 297,726,986 297,726,986 304,640,119 321,955,142 320,441,092 330,060,963  305,241,992 305,221,444  
      other comprehensive loss:
    		                                          
      foreign currency translation adjustment
    		-18,697 -11,908 -9,307 60,308  -60,991 14,489 24,076 -38,011  -1,471 65,401 -4,090 -23,059  30,657 6,489 -1,050 -2,517  -234 -7,087 2,260 -12,921  -13,991 -10,165 -1,377 38,464  2,483 9,755 -18,809,036 -18,809 1,811  60,586 113,240 -142,548 -77,947   
      total comprehensive income
    		391,206 299,854 140,798   70,923 114,276 -49,534 -155,085    410,208 467,044   -54,826 -143,849 -68,507  -95,652 262,055 480,622 660,954  578,271 168,997 -487,857 166,337  1,045,870 1,153,161 930,813,285 930,813 769,337  744,369 837,432 173,268 2,086,512 2,084,886,992 1,624,367 
      total comprehensive income attributable to qudian inc.’s shareholders
    		391,206  140,798          410,208 467,044   -54,826 -143,849 -67,580  -95,652 262,860 480,622 660,954  578,271 168,997 -487,857 166,337   1,153,161 930,813,285 930,813 769,337  744,369 837,432 173,268 2,086,512 2,084,886,992 1,624,367 
      (provision for)/reversal of expected credit losses on receivables and other assets
    		 270,000                                         
      other operating income
    		 330,000 35,000 157,000   119,000 22,000 13,086,000  10,668,000 1,470,000 33,144,000 14,858,000  687,000 1,129,000 17,266,000 56,728,000  8,693,000 4,482,000 12,371,000 49,680,000  18,375,000 127,698,000 147,571,000 49,519,000  29,425,000 2,570 26,993,808 26,995 12,202  2,886,000 3,203,000 5,457,000 50,703 10,913,352 39,789,000 
      gain from equity method investments
    		 -1,005,000    -1,390,000 820,000 -1,377,000 -1,778,000  1,010,000 2,661,000 1,314,000 12,839,000    1,443,000                         
      net income attributable to qudian inc.'s shareholders
    		 311,762,000    131,914,000  -73,610,000                       1,043,387,000            
      other comprehensive gain:
    		                                          
      total comprehensive income attributable to qudian inc.'s shareholders
    		 299,854    70,923  -49,534                       1,045,870            
      reversal of expected credit losses on receivables and other assets
    		  957,000                                        
      foreign exchange gain
    		  -2,402,000 29,524,000  -7,898,000  218,000   274,000 -42,000 -1,774,000 -1,639,000  1,006,000 798,000 85,000 78,000     2,164,000   4,960,000 -4,635,000 602,000  -814,000 -1,074  7,921    18,420,000     
      income per share for class a and class b ordinary shares:
    		                                          
      basic
    		  0.9                                        
      diluted
    		  0.87                                        
      income per ads
    		                                          
      basic
    		  0.9                                        
      diluted
    		  0.87                                        
      of shares and per-share data)
    		                                          
      expected credit (loss)/reversal for receivables and other assets
    		   13,346,000  2,798,000                                     
      loss on derivative instruments
    		   -32,648,000       -107,969,000     -358,165,000 -34,671,000                          
      net loss before income taxes
    		   -64,601,000       -206,049,000 -57,937,000    -730,261,000                           
      net loss attributable to qudian inc.'s shareholders
    		   -66,361,000       -181,228,000 -76,865,000                               
      loss per share for class a and class b ordinary shares:
    		                                          
      basic
    		   -0.38       -0.84 -0.34    -2.64                           
      diluted
    		   -0.38       -0.84 -0.34    -2.64                           
      loss per ads
    		                                          
      basic
    		   -0.38       -0.84 -0.34    -2.64                           
      diluted
    		   -0.38       -0.84 -0.34    -2.64                           
      total comprehensive loss
    		   -6,053       -182,699 -11,464    -617,295                           
      total comprehensive loss attributable to qudian inc.'s shareholders
    		   -6,053       -182,699 -11,464                               
      impairment gain from other assets
    		     -604,000     1,258,000                                
      earnings per share for class a and class b ordinary shares:
    		                                          
      basic
    		     0.73 0.54 -0.38 -0.57        -0.25 -0.56 -0.26  -0.37 1.07 1.89 2.66  2.34 0.71 -1.92 0.5  3.74 4.03 3.2 3.2 2.54  2.15 2.21  17.12   
      diluted
    		     0.71 0.53 -0.38 -0.57        -0.25 -0.56 -0.26  -0.37 1.03 1.81 2.54  2.22 0.68 -1.92 0.49  3.29 4 3.19 3.19 2.52  2.13 2.19  7.09   
      earnings per ads
    		                                          
      basic
    		     0.73 0.54 -0.38 -0.57          -0.26  -0.37 1.07 1.89 2.66  2.34 0.71 -1.92 0.5  3.74 4.03 3.2 3.2 2.54  2.15 2.21  17.12   
      diluted
    		     0.71 0.53 -0.38 -0.57          -0.26  -0.37 1.03 1.81 2.54  2.22 0.68 -1.92 0.49  3.29 4 3.19 3.19 2.52  2.13 2.19  7.09   
      expected credit reversal for receivables and other assets
    		      -751,000 3,223,000                                   
      income tax (expenses)/benefit
    		      9,297,000                -79,175,000                    
      net income attributable to qudian inc.'s shareholders
    		      99,787,000                                    
      earnings per share for class a and class b ordinary shares:
    		                                          
      basic
    		     0.73 0.54 -0.38 -0.57        -0.25 -0.56 -0.26  -0.37 1.07 1.89 2.66  2.34 0.71 -1.92 0.5  3.74 4.03 3.2 3.2 2.54  2.15 2.21  17.12   
      diluted
    		     0.71 0.53 -0.38 -0.57        -0.25 -0.56 -0.26  -0.37 1.03 1.81 2.54  2.22 0.68 -1.92 0.49  3.29 4 3.19 3.19 2.52  2.13 2.19  7.09   
      weighted-average number of class a and class b ordinary shares outstanding:
    		                                          
      basic
    		160,998,923 162,649,164 167,011,354 172,381,467 182,859,075 180,111,125 184,571,121 194,517,922 204,075,368 217,281,512 214,666,223 223,467,498 227,199,812 236,955,750 246,024,592 245,215,663 248,458,980 253,735,434 253,682,383 253,438,807 253,649,009 253,370,503 253,044,009 253,663,338  253,523,668 253,724,694 253,874,830 254,466,950 278,531,382 279,325,050 284,022,960 296,766,678 296,766,678 302,326,683 318,685,836 318,484,524 327,811,355  126,410,744 126,390,196  
      diluted
    		165,790,336 167,456,506 171,896,551 177,303,133 187,780,699 185,092,607 189,684,527 199,633,026 207,646,764 222,222,858 214,666,223 226,379,819 229,412,998 236,955,750 246,024,592 245,215,663 253,530,688 259,137,777 265,107,010 266,292,869 266,458,506 266,973,780 266,647,286 267,392,578  268,752,268 272,190,273 253,874,830 293,747,979 300,457,711 320,089,013 285,735,609 297,726,986 297,726,986 304,640,119 321,955,142 320,441,092 330,060,963  305,241,992 305,221,444  
      other comprehensive income:
    		                                          
      total comprehensive income attributable to qudian inc.'s shareholders
    		      114,276                                    
      (in thousands except for number
    		                              2,019            
      financing income
    		             29,276,000  35,308,000 66,231,000 177,901,000 296,443,000  285,536,000 311,755,000 361,754,000 411,797,000  487,330,000 580,856,000 622,683,000 716,972,000  797,879,000 984,446 1,010,758,311 1,010,758 903,191  960,207,000 895,131,000 776,746,000 3,642,183 1,060,856,767 2,581,327,000 
      sales commission fee
    		                95,000 21,000 7,545,000  8,037,000 9,081,000 10,748,000 14,802,000  18,073,000 14,404,000 33,713,000 55,481,000  69,873,000 95,602 135,854,284 135,854 54,565    111,379,000  251,187,074 545,980,000 
      penalty fee
    		             3,966,000  14,872,000 17,297,000 17,311,000 16,178,000  16,746,000 16,569,000 17,823,000 19,261,000  21,258,000 19,335,000 12,381,000 13,827,000  10,993,000 9,394 10,140,160 10,140 8,314    4,886,000  1,078,500 4,314,000 
      loan facilitation income and other related income
    		             4,942,000  6,806,000 6,589,000 472,000 9,925,000  8,776,000 12,565,000 12,200,000 103,163,000  177,161,000 255,063,000 422,443,000 460,011,000  583,340,000 609,651           
      transaction services fee and other related income
    		             102,580,000  2,755,000 6,481,000 1,973,000 41,638,000  20,944,000 38,462,000 50,649,000 3,147,000  6,629,000 4,098,000 -150,415,000 649,373,000  993,299,000            
      changes in guarantee liabilities and risk assurance liabilities
    		             16,857,000  25,177,000 28,839,000 33,119,000 38,826,000  42,773,000 55,624,000 64,379,000 206,469,000  362,413,000 191,420,000 -672,408,000 -735,688,000              
      expected credit gain for receivables and other assets
    		        -9,266,000  -3,974,000 -17,313,000                               
      net profit attributable to non-controlling interest shareholders
    		                                          
      net income attributable to qudian inc.’s shareholders
    		        -117,074,000                                  
      less: total comprehensive profit attributable to non-controlling interest shareholders
    		                                          
      total comprehensive income attributable to qudian inc.’s shareholders
    		        -155,085                                  
      interest and investment loss
    		          -7,099,000     -73,610,000                           
      less: net loss attributable to non-controlling interest shareholders
    		                  -927,000   -805,000 -167,000                    
      less: total comprehensive loss attributable to non-controlling interest shareholders
    		                                          
      expected credit loss for receivables and other assets
    		            5,900,000                              
      loss/(earning) per share for class a and class b ordinary shares:
    		                                          
      basic
    		            1.82 2.07                             
      diluted
    		            1.81 2.07                             
      loss/
    		                                          
      basic
    		            1.82 2.07                             
      diluted
    		            1.81 2.07                             
      provision for receivables and other assets
    		             140,726,000  63,630,000 28,657,000 -11,891,000 -443,843,000  19,167,000 97,385,000 106,809,000 75,570,000  -89,466,000 -519,014,000 -1,108,451,000 -707,201,000  -691,080,000            
      impairment loss from long-lived assets
    		             -103,950,000  -5,913,000 -45,536,000 -113,528,000                         
      net loss attributable to non-controlling interest shareholders
    		                                          
      net loss attributable to qudian inc.’s shareholders
    		               -647,952,000                           
      less: total comprenhensive loss attributable to non-controlling interest shareholders
    		                     -805                     
      total comprehensive loss attributable to qudian inc.’s shareholders
    		               -617,295                           
      net profit attributable to non-controlling interest shareholders
    		                 -88,000   -1,248,000                      
      earnings per share for class a and class b ordinary shares:
    		                                          
      basic
    		     0.73 0.54 -0.38 -0.57        -0.25 -0.56 -0.26  -0.37 1.07 1.89 2.66  2.34 0.71 -1.92 0.5  3.74 4.03 3.2 3.2 2.54  2.15 2.21  17.12   
      diluted
    		     0.71 0.53 -0.38 -0.57        -0.25 -0.56 -0.26  -0.37 1.03 1.81 2.54  2.22 0.68 -1.92 0.49  3.29 4 3.19 3.19 2.52  2.13 2.19  7.09   
      basic
    		                -0.25 -0.56                         
      diluted
    		                -0.25 -0.56                         
      note: : the amount includes the change in fair value of the guarantee liabilities accounted in accordance with asc 815,“derivative”, and the change in risk assurance liabilities accounted in accordance with asc 450, “contingencies” and asc 460, “guarantees”.
    		                                          
      foreign exchange income
    		                     319,000                     
      sales income
    		                       161,474,000  138,971,000 293,292,000 17,056,000 35,906,000  135,533,000 123,536 136,971,295 136,971 257,945  586,057,000 784,753,000     
      income tax benefit/
    		                           28,108,000               
      changes in guarantee liabilities and risk assurance liabilities[1]
    		                              -328,631,000            
      note： [1] the amount includes the change in fair value of the guarantee liabilities accounted in accordance with asc 815,"derivative", and the change in risk assurance liabilities accounted in accordance with asc 450, "contingencies" and asc 460, "guarantees".
    		                                          
      qudian inc.
    		                                          
      unaudited condensed consolidated balance sheets
    		                                          
      assets:
    		                                          
      current assets:
    		                                          
      cash and cash equivalents
    		                              2,656,105            
      restricted cash
    		                              981,618            
      short-term investments
    		                              30,000            
      short-term loan principal and financing service fee receivables
    		                              8,023,224            
      short-term finance lease receivables
    		                              426,495            
      of shares and per share data)
    		                                          
      referral service fee and other related income
    		                               398,068           
      changes in guarantee liabilities
    		                               -2,139           
      changes in risk assurance liabilities
    		                               31,611           
      provision for receivables
    		                               -494,453 -390,391,177 -390,391 -220,807        
      other comprehensive income
    		                                          
      loan facilitation income and others
    		                                644,412,085 644,412 579,143  337,949,000 452,103,000 277,577,000 302,011 149,489,352 152,520,000 
      referral service fee
    		                                158,723,969 158,724         
      cost of revenues:
    		                                          
      cost of goods sold
    		                                -114,079,973          
      cost of other revenues
    		                                -146,404,834          
      total cost of revenues
    		                                -260,484,807          
      operating expenses:
    		                                          
      loss on guarantee liabilities
    		                                -108,581,234          
      total operating expenses
    		                                -725,233,363          
      foreign exchange gain/loss
    		                                7,921,299          
      other comprehensive loss
    		                                          
      loss on guarantee liability
    		                                 -108,581     -43,187,000    
      other expense
    		                                 -1,526 -297  -56,000  -168,000 -363 -750 -3,000 
      loss of guarantee liability
    		                                  -8,080      -11,513,250 -46,053,000 
      sales commission fees
    		                                    35,650,000 105,898,000  797,167   
      penalty fees
    		                                    9,047,000 5,766,000  7,922   
      loss of guarantee liabilities
    		                                    -28,578,000 -36,747,000  -150,152   
      provision for loan principal, financing service fee receivables and other receivables
    		                                    -292,350,000 -221,951,000 -443,614,000 -605,164 -337,780,716 -267,383,000 
      revenue from sales-type lease
    		                                      546,034,000    
      net income attributable to qudian inc.’s shareholder
    		                                      315,816,000  406,091,750 1,624,367,000 
      earnings per share for class a and class b ordinary shares:
    		                                          
      —basic
    		                                      0.97    
      —diluted
    		                                      0.95    
      earnings per ads
    		                                          
      weighted-average number of class a and class b ordinary shares outstanding:
    		                                          
      revenue from sales-type leases
    		                                       26,083   
      cost of revenue
    		                                        -143,871,250 -575,485,000 
      net income per share
    		                                        5.403 21.61 
      weighted-average shares outstanding—basic
    		                                         75,169,143 
      weighted-average shares outstanding—diluted
    		                                         299,347,048 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-11-24 2025-08-13 2025-03-20 2024-12-31 2024-11-25 2024-09-06 2024-06-30 2024-06-13 2024-03-31 2023-12-31 2023-12-18 2023-09-08 2022-12-31 2022-11-22 2022-09-08 2022-06-16 2022-03-21 2021-12-31 2021-12-16 2021-08-25 2021-06-17 2021-04-20 2020-12-31 2020-12-16 2020-09-09 2020-05-28 2020-03-23 2019-12-31 2019-11-18 2019-08-19 2019-06-26 2019-05-20 2019-03-19 2018-12-31 2018-11-21 2018-08-27 2018-05-29 2017-12-31 2017-11-13 2016-12-31 
                                              
        assets:
      		                                        
        current assets:
      		                                        
        cash and cash equivalents
      		4,028,995,000 4,822,853,000 4,263,312,000 305,194,205 4,849,019,000 7,039,968,000 4,849,019,000 7,039,968,000 7,039,968,000 413,317,806 5,013,109,000 5,001,285,000 559,373,169 3,098,964,000 2,245,403,000 2,245,403,000 2,065,495,000 558,271,954 3,133,623,000 2,187,502,000 2,187,502,000 1,537,558,000  1,065,977,000 1,516,175,000 1,516,175,000 2,860,938,000  2,586,949,000 1,931,430,000  1,931,430,000 2,501,188,000  2,904,627,000 5,736,836,000 5,736,836,000  1,483,026,000 785,770,000 
        restricted cash and cash equivalents
      		782,251,000 782,169,000                                       
        time and structured deposit
      		1,758,770,000 2,203,627,000 2,009,019,000  2,948,606,000 1,624,612,000 2,948,606,000 1,624,612,000 1,624,612,000                                
        derivative instruments-asset
      		38,793,000 18,139,000                                       
        short-term investments
      		2,850,688,000 1,430,652,000 1,118,547,000 698,152,621 1,091,177,000 316,526,000 1,091,177,000 316,526,000 316,526,000 78,808,890 3,777,220,000 4,812,491,000 217,937,726 5,070,080,000 6,036,136,000 6,036,136,000 5,926,601,000 200,238,180 5,024,942,000 5,079,154,000 5,079,154,000 5,042,314,000  2,287,840,000 1,232,850,000 1,232,850,000   30,000,000 30,000,000  30,000,000   67,579,000      
        accounts receivables
      		9,225,000 15,068,000 34,275,000  39,418,000 36,149,000 39,418,000 36,149,000 36,149,000                                
        other current assets
      		925,915,000 1,098,972,000 1,933,182,000 14,670 615,275,000 733,375,000 615,275,000 733,375,000 733,375,000  2,078,060,000 1,422,320,000  2,654,670,000 1,941,411,000 1,941,411,000 1,599,300,000  679,604,000 1,006,670,000 1,006,670,000 762,313,000  1,360,474,000 1,113,298,000 1,113,298,000 1,638,905,000  1,967,223,000 1,760,531,000  1,760,532,000 1,818,222,000  1,242,202,000 793,335,000 793,335,000  454,280,000  
        total current assets
      		10,394,637,000 10,371,480,000 10,139,522,000 1,823,668,566 9,595,479,000 9,804,274,000 9,595,479,000 9,804,274,000 9,804,274,000 1,179,664,720 10,931,796,000 11,293,559,000 1,645,479,509 11,665,548,000 11,813,996,000 11,813,996,000 12,218,090,000 2,353,746,148 12,400,610,000 12,201,638,000 12,201,638,000 11,690,476,000  12,054,689,000 13,821,462,000 13,821,462,000 17,023,491,000  16,444,050,000 16,701,965,000  16,701,966,000 14,489,143,000  16,930,867,000 17,080,213,000 17,080,213,000  15,230,052,000  
        non-current assets:
      		                                        
        right-of-use assets
      		101,715,000 123,731,000 158,007,000  163,246,000 162,276,000 163,246,000 162,276,000 162,276,000  104,156,000 105,749,000                             
        investment in equity method investee
      		144,822,000 146,012,000 146,101,000  150,691,000 149,750,000 150,691,000 149,750,000 149,750,000  137,965,000 134,293,000  119,777,000 119,038,000 119,038,000 85,582,000  367,148,000 381,287,000 381,287,000 349,276,000 349,275,523 487,618,000 23,084,000 23,084,000 44,779,000    30,635,324 30,635,000 33,199,000 33,199,265 42,253,000 44,972,000 44,972,000 44,518,544 58,107,000  
        long-term investments
      		78,616,000 78,987,000 78,987,000  210,448,000 210,436,000 210,448,000 210,436,000 210,436,000  206,857,000 211,212,000  249,257,000 268,921,000 268,921,000 286,065,000  243,668,000 243,668,000 243,668,000 209,868,000 209,868,073 222,706,000 222,706,000 222,706,000 223,158,000  180,000,000            
        property and equipment
      		1,747,669,000 1,584,931,000 1,548,120,000  1,410,125,000 1,340,884,000 1,410,125,000 1,340,884,000 1,340,884,000  1,069,145,000 833,722,000  696,128,000 643,734,000 643,734,000 659,101,000  436,007,000 359,955,000 359,955,000 302,969,000 302,969,361 145,910,000 113,983,000 113,983,000 92,821,000  63,920,000 40,843,000 40,842,446 40,842,000 26,224,000 26,224,170 11,361,000 7,595,000 7,595,000 4,613,368 3,875,000  
        intangible assets
      		1,922,000 2,064,000 2,207,000  2,764,000 2,929,000 2,764,000 2,929,000 2,929,000  3,452,000 4,353,000  11,232,000 11,070,000 11,070,000 11,012,000  8,733,000 8,926,000 8,926,000 8,478,000 8,478,390 7,257,000 6,489,000 6,489,000 6,803,000  6,111,000 7,056,000 7,056,126 7,056,000 7,264,000 7,263,548 8,553,000 5,803,000 5,803,000 5,907,842 4,351,000  
        other non-current assets
      		280,115,000 345,448,000 353,369,000  469,476,000 622,008,000 469,476,000 622,008,000 622,008,000  450,923,000 451,134,000  426,713,000 430,551,000 430,551,000 442,953,000  463,042,000 425,464,000 425,464,000 419,242,000 419,241,195 6,837,000 16,216,000 16,216,000 17,698,000  20,266,000 23,200,000 23,199,441 23,199,000 17,093,000 17,093,439 8,407,000 114,292,000 114,292,000 6,444,671 5,042,000  
        total non-current assets
      		2,354,859,000 2,281,173,000 2,286,791,000 10,211,096,821 2,406,750,000 2,488,283,000 2,406,750,000 2,488,283,000 2,488,283,000 10,520,530,855 1,972,498,000 1,740,463,000 10,406,136,750 2,092,099,000 1,796,581,000 1,796,581,000 1,853,098,000 10,850,691,369 2,123,060,000 1,856,803,000 1,856,803,000 1,707,556,000 1,707,555,634 1,566,045,000 1,234,420,000 1,234,420,000 1,643,723,000 10,666,422,196 2,219,708,000 1,544,995,000 1,544,994,781 1,544,993,000 1,764,231,000 1,764,231,110 1,054,752,000 712,539,000 712,539,000 194,844,861 136,202,000  
        total assets
      		12,749,496,000 12,652,653,000 12,426,313,000 12,034,765,387 12,002,229,000 12,292,557,000 12,002,229,000 12,292,557,000 12,292,557,000 11,700,195,575 12,904,294,000 13,034,022,000 12,051,616,259 13,757,647,000 13,610,577,000 13,610,577,000 14,071,188,000 13,204,437,517 14,523,670,000 14,058,441,000 14,058,441,000 13,398,032,000 13,398,031,710 13,620,734,000 15,055,882,000 15,055,882,000 18,667,214,000 14,284,576,687 18,663,758,000 18,246,960,000 18,246,959,884 18,246,959,000 16,253,374,000 16,253,374,802 17,985,619,000 17,792,752,000 17,792,752,000 19,380,415,553 15,366,254,000 7,117,599,000 
        (in thousands except for number
      		          2,023,000 2,023,000    2,022,000     2,021,000     2,020,000 2,019,000              
        of shares and per-share data)
      		2,025,000                                        
        liabilities and shareholders’ equity
      		                                        
        current liabilities:
      		                                        
        short-term borrowings
      		720,000,000 720,000,000  720,000,000                                     
        short-term lease liabilities
      		7,352,000 13,015,000 18,697,000  19,789,000 19,884,000 19,789,000 19,884,000 19,884,000  6,766,000 8,083,000  65,686,000 38,640,000 38,640,000 34,522,000  51,388,000 41,543,000 41,543,000 23,763,000 23,763,237 21,911,000 20,378,000 20,378,000 21,919,000  11,957,000 18,202,000 18,202,395 18,202,000         
        accrued expenses and other current liabilities
      		371,442,000 377,375,000 224,164,000  202,856,000 327,459,000 202,856,000 327,459,000 327,459,000 8,364,603 204,898,000 213,928,000 5,024,052 527,450,000 387,372,000 387,372,000 379,816,000 2,020,586 415,047,000 351,417,000 351,417,000 336,790,000 336,790,094 648,680,000 672,539,000 672,539,000 718,266,000 16,524,612 657,416,000 515,414,000 515,414,016 515,414,000 507,486,000 507,486,437 386,229,000 419,808,000 419,808,000 315,692,795 476,633,000  
        income tax payable
      		39,383,000 33,313,000 33,423,000  25,947,000 97,647,000 25,947,000 97,647,000 97,647,000  164,173,000 158,498,000  47,396,000 115,016,000 115,016,000 78,294,000  34,354,000 100,054,000 100,054,000 80,656,000 80,655,585 170,815,000 221,625,000 221,625,000 589,739,000  339,715,000 445,261,000 445,260,966 445,261,000 348,830,000 348,829,956 231,601,000 268,471,000 268,471,000 268,373,167 262,514,000  
        total current liabilities
      		1,138,177,000 1,273,139,000 1,086,179,000 743,336,357 496,820,000 788,733,000 496,820,000 788,733,000 788,733,000 12,244,603 555,281,000 634,550,000 8,904,051 972,146,000 541,686,000 541,686,000 493,518,000 6,350,583 504,041,000 514,597,000 514,597,000 472,609,000 472,608,238 1,878,524,000 3,097,741,000 3,097,741,000 3,897,321,000 20,973,488 5,420,052,000 5,747,220,000 5,747,220,794 5,747,220,000 5,019,362,000 5,019,361,546 7,847,675,000 7,693,387,000 7,693,387,000 9,330,024,847 10,928,536,000  
        non-current liabilities:
      		                                        
        deferred tax liabilities
      		27,427,000          23,000 19,000  90,795,000 85,495,000 85,495,000 48,606,000  12,182,000 18,564,000 18,564,000 10,923,000 10,923,276 7,125,000 10,005,000 10,005,000 484,595,000  376,321,000 102,969,000  102,968,000         
        long-term lease liabilities
      		5,126,000 20,795,000 48,706,000  51,432,000 49,688,000 51,432,000 49,688,000 49,688,000  2,603,000 2,038,000  388,474,000 160,679,000 160,679,000 168,800,000  369,666,000 152,184,000 152,184,000 80,236,000 80,236,369 13,417,000 17,729,000 17,729,000 21,694,000  18,996,000 23,188,000  23,188,000         
        total non-current liabilities
      		32,553,000 20,795,000 48,706,000  51,432,000 49,688,000 51,432,000 49,688,000 49,688,000  2,626,000 2,057,000  504,581,000 692,427,000 692,427,000 1,054,131,000  1,344,845,000 1,143,615,000 1,143,615,000 1,015,579,000 1,015,579,621 1,084,872,000 1,490,070,000 1,490,070,000 2,845,841,000 2,339,551,570 992,817,000 723,657,000  723,656,000 413,400,000   255,000,000 255,000,000  255,000,000  
        total liabilities
      		1,170,730,000 1,293,934,000 1,134,885,000 743,336,357 548,252,000 838,421,000 548,252,000 838,421,000 838,421,000 12,244,603 557,907,000 636,607,000 8,904,051 1,476,727,000 1,234,113,000 1,234,113,000 1,547,649,000  1,848,886,000 1,658,212,000 1,658,212,000 1,488,188,000 1,488,187,859 2,963,396,000 4,587,811,000 4,587,811,000 6,743,162,000 2,360,525,058 6,412,869,000 6,470,877,000  6,470,876,000 5,432,762,000  7,847,675,000 7,948,387,000 7,948,387,000  11,183,536,000 4,604,010,000 
        shareholders’ equity:
      		                                        
        class a ordinary shares
      		132,000 132,000 132,000 132,052 132,000 132,000 132,000 132,000 132,000 132,052 132,000 132,000 132,052 132,000 132,000 132,000 132,000  132,000 132,000 132,000 132,000 132,052 131,000 131,000 131,000 131,000 131,638 150,000 162,000  162,000 161,000  176,000 223,000     
        class b ordinary shares
      		44,000 44,000 44,000 43,836 44,000 44,000 44,000 44,000 44,000 43,836 44,000 44,000 43,836 44,000 44,000 44,000 44,000  44,000 44,000 44,000 44,000 43,836 44,000 44,000 44,000 44,000 43,836  44,000  44,000 44,000  44,000      
        treasury shares
      		-1,571,141,000 -1,491,531,000 -1,419,286,000 -1,419,285,878 -1,196,636,000 -1,082,373,000 -1,196,636,000 -1,082,373,000 -1,082,373,000 -899,627,520 -580,653,000 -542,715,000 -486,954,953 -390,271,000 -351,436,000 -351,436,000 -346,321,000  -352,533,000 -368,681,000 -368,681,000 -371,551,000 -371,551,131 -369,227,000 -369,227,000 -369,227,000 -362,130,000 -362,130,324  -362,130,000  -362,130,000 -362,130,000  -557,406,000 -421,165,000     
        additional paid-in capital
      		4,025,209,000 4,025,406,000 4,026,668,000 4,026,668,369 4,031,438,000 4,031,610,000 4,031,438,000 4,031,610,000 4,031,610,000 4,033,145,746 4,034,824,000 4,036,452,000 4,036,197,237 4,027,471,000 4,019,352,000 4,019,352,000 4,017,375,000  4,010,672,000 4,014,320,000 4,014,320,000 4,007,260,000 4,007,259,660 4,001,654,000 3,981,385,000 3,981,385,000 3,967,733,000 3,967,733,108  6,185,101,000  6,185,101,000 6,160,446,000  7,186,744,000 7,594,353,000 7,594,353,000  125,220,000  
        accumulated other comprehensive profit
      		-7,464,000 4,444,000                                       
        retained earnings
      		9,131,986,000 8,820,224,000 8,670,118,000 8,670,119,156 8,604,565,000 8,504,778,000 8,604,565,000 8,504,778,000 8,504,778,000 8,578,387,761 8,876,689,000 8,953,552,000 8,539,254,222 8,697,103,000 8,761,654,000 8,761,654,000 8,904,453,000  9,063,688,000 8,793,741,000 8,793,741,000 8,315,379,000 8,315,379,200 7,049,242,000 6,870,080,000 6,870,080,000 8,331,239,000 8,331,238,537  6,016,573,000  6,016,573,000 5,066,951,000  3,615,642,000 2,891,449,000 2,891,449,000    
        total equity
      		11,578,766,000 11,358,719,000                 12,674,784,000 12,400,229,000 12,400,229,000  11,909,843,851                  
        total liabilities and shareholders’ equity
      		12,749,496,000   12,034,765,387      11,700,195,575   12,051,616,259 13,757,647,000 13,610,577,000 13,610,577,000 14,071,188,000  14,523,670,000 14,058,441,000 14,058,441,000 13,398,032,000  13,620,734,000 15,055,882,000 15,055,882,000 18,667,214,000 14,284,576,687  18,246,960,000  18,246,959,000 16,253,376,000  17,985,619,000 17,792,752,000 17,792,752,000    
        liabilities and shareholders' equity
      		                                        
        derivative instruments-liability
      		 129,436,000 89,895,000  248,228,000 343,743,000 248,228,000 343,743,000 343,743,000  179,444,000 108,729,000  77,377,000                           
        shareholders' equity:
      		                                        
        total liabilities and shareholders' equity
      		 12,652,653,000 12,426,313,000  12,002,229,000  12,002,229,000 12,292,557,000   12,904,294,000 13,034,022,000                             
        restricted cash
      		  781,187,000  51,984,000 53,644,000 51,984,000 53,644,000 53,644,000  63,407,000 56,503,000  257,792,000 229,130,000 229,130,000 177,925,000  296,915,000 234,112,000 234,112,000 135,404,000  510,795,000 540,440,000 540,440,000 1,257,649,000  858,648,000 1,138,364,000  1,138,364,000 339,827,000  1,458,463,000 538,031,000 538,031,000  2,040,979,000  
        short-term borrowings and interest payables
      		  720,000,000         145,312,000  120,000,000          321,541,000 384,596,000 384,596,000 1,049,570,000  3,241,491,000 4,201,713,000 4,201,713,118 4,201,713,000 3,860,441,000 3,860,440,575 6,031,503,000 6,253,398,000 6,253,398,000 7,979,414,522 8,855,481,000 4,183,231,000 
        accumulated other comprehensive loss
      		  13,752,000 13,751,495 14,434,000 -55,000 14,434,000 -55,000 -55,000 -24,130,903 15,351,000 -50,050,000 -45,960,186 -53,559,000 -60,047,000 -60,047,000 -58,997,000  -56,247,000 -49,160,000 -49,160,000 -51,420,000 -51,419,766 -24,506,000 -14,342,000 -14,342,000 -12,965,000 -12,965,166  -63,667,000  -63,667,000 -44,858,000  -107,255,000 -220,495,000 -220,495,000    
        total shareholders' equity
      		  11,291,428,000  11,453,977,000 11,454,136,000 11,453,977,000 11,454,136,000 11,454,136,000  12,346,387,000 12,397,415,000                             
        ​
      		   2,024      2,023   2,022                            
        time and structured deposits
      		   380,047,326                                     
        short-term amounts due from intercompanies
      		   440,259,744                                     
        investments in subsidiaries, vies and vies’ subsidiaries
      		   10,211,096,821              10,850,691,369          10,666,422,196             
        liabilities and shareholders’ equity:
      		                                        
        accrued expenses and other intercompanies
      		   19,456,357                                     
        short-term amounts due to related parties
      		   3,880,000      3,880,000   3,879,999     4,329,997          4,448,876       1,112,257,000 703,706,000 703,706,000 719,563,038 1,312,844,000  
        non-current liabilities
      		                                        
        commitments and contingencies
      		                                        
        shareholders’ equity
      		                                        
        total shareholders’ equity
      		   11,291,429,030      11,687,950,972   12,042,712,208 12,280,920,000 12,376,464,000 12,376,464,000 12,523,539,000     11,909,844,000  10,657,338,000 10,468,071,000 10,468,071,000 11,924,052,000 11,924,051,629  11,776,083,000  11,776,083,000 10,820,614,000  10,137,945,000 9,844,365,000 9,844,365,000    
        total liabilities and shareholders' equity
      		     12,292,557,000   12,292,557,000                                
        short-term amounts due from related parties
      		         687,538,024   868,168,614     1,595,236,014           45,000    2,000  336,179,000 517,313,000 517,313,000  599,680,000 585,906,000 
        investment in subsidiaries
      		         3,064,040,293   635,715,140                            
        contractual interests in vies and vies’ subsidiaries
      		         7,456,490,562   9,770,421,610                            
        convertible senior notes
      		              300,312,000 300,312,000 681,401,000  817,685,000 827,555,000 827,555,000 822,005,000 822,004,519 1,009,992,000 1,438,448,000 1,438,448,000 2,339,552,000 2,339,551,570             
        short-term finance lease receivables
      		           960,000  5,602,000 11,875,000 11,875,000 31,462,000  88,805,000 128,830,000 128,830,000 179,613,000  339,838,000 353,186,000 353,186,000 398,256,000  448,494,000 492,132,000  492,132,000 508,647,000  389,683,000 188,806,000 188,806,000    
        derivative instruments-assets
      		             8,665,000 11,289,000                          
        short-term loan principal and financing service fee receivables
      		             556,095,000 1,319,751,000 1,319,751,000 2,371,966,000  3,150,299,000 3,515,293,000 3,515,293,000 3,940,461,000  5,758,287,000 7,286,743,000 7,286,743,000 7,894,697,000  8,743,378,000 10,010,611,000  10,010,611,000 8,417,821,000  10,098,603,000 9,039,610,000 9,039,610,000  10,652,087,000 4,826,791,000 
        short-term contract assets
      		             13,680,000 19,001,000 19,001,000 27,965,000  26,422,000 50,077,000 50,077,000 92,813,000  731,478,000 1,543,687,000 1,543,687,000 2,741,914,000  1,809,313,000 1,338,853,000  1,338,853,000         
        long-term finance lease receivables
      		              15,000 15,000 399,000  3,818,000 11,795,000 11,795,000 28,771,000 28,771,351 45,544,000 144,900,000 144,900,000 239,697,000  484,989,000 569,629,000 569,628,713 569,629,000 649,243,000 649,242,797 690,612,000 367,000,000 367,000,000 17,899,825   
        operating lease right-of-use assets
      		             553,161,000 271,545,000 271,545,000 300,607,000  526,259,000 296,253,000 296,253,000 210,898,000 210,898,398 139,039,000 142,596,000 142,596,000 148,851,000  137,668,000 149,673,000 149,673,068 149,673,000         
        long-term contract assets
      		              1,000 1,000 31,000  6,154,000 10,317,000 10,317,000 23,094,000 23,093,566 69,494,000 98,399,000 98,399,000 273,597,000  575,066,000 22,848,000  22,848,000         
        deferred tax assets
      		             35,831,000 51,706,000 51,706,000 67,348,000  68,231,000 119,138,000 119,138,000 154,960,000 154,959,777 441,640,000 466,047,000 466,047,000 595,895,000  450,116,000 312,911,000 312,910,961 312,911,000 243,413,000 243,412,814 178,359,000 172,877,000 172,877,000 115,460,611 59,732,000  
        convertible senior notes-short term
      		             133,962,000                           
        guarantee liabilities and risk assurance liabilities
      		             275,000 658,000 658,000 886,000  3,252,000 21,583,000 21,583,000 31,400,000  715,577,000 1,798,603,000 1,798,603,000 1,517,827,000              
        long-term borrowings and interest payables
      		             25,312,000 145,312,000 145,312,000 145,312,000  145,312,000 145,312,000 145,312,000 102,415,000 102,415,457 54,338,000 23,888,000 23,888,000   597,500,000 597,500,000  597,500,000 413,400,000   255,000,000 255,000,000  255,000,000 76,052,000 
        other non-current liabilities
      		              629,000 629,000 10,012,000                        
        non-controlling interests
      		              6,765,000 6,765,000 6,853,000  9,028,000 9,833,000 9,833,000 10,000,000 10,000,000                  
        derivative instrument
      		               11,289,000 17,376,000                        
        note:    the amount includes the balance of the guarantee liabilities accounted in accordance with asc 815,“derivative”, and the balance of risk assurance liabilities accounted in accordance with asc 450, “contingencies” and asc 460, “guarantees”.
      		                                        
        total qudian inc. shareholders’ equity
      		                  12,665,756,000 12,390,396,000 12,390,396,000  11,899,843,851                  
        time deposits
      		                        235,083,000 235,083,000 231,132,000              
        long-term loan principal and financing service fee receivables
      		                          424,000  251,921,000 388,200,000 388,200,379 388,200,000 665,653,000 665,652,830     5,096,000 87,822,000 
        liabilities and equity
      		                                        
        guarantee liabilities and risk assurance liabilities (including amounts of guarantee liabilities of rmb 263,465,921 and rmb 11,697,633 (us 1,792,741), risk assurance liabilities of rmb 1,254,361,399 and rmb 19,701,689 (us 3,019,416) as of december 31, 2019 and 2020, respectively).
      		                      31,399,322                  
        equity:
      		                                        
        total liabilities and equity
      		                      13,398,031,710                  
        land use right
      		                                106,545,000 106,545,362 106,000,000      
        investment in equity method investees
      		                            49,651,000            
        guarantee liabilities
      		                            409,160,000 566,630,000 566,630,299 566,630,000 302,605,000 302,604,578 86,085,000 48,004,000 48,004,000 46,981,325 21,064,000  
        risk assurance liabilities
      		                            760,313,000            
        of shares and per share data)
      		                                        
        amounts due from related parties
      		                             44,000  44,000         
        investments in equity method investees
      		                             30,635,000           
        long-term contract asset
      		                              22,848,323  15,597,000 15,596,885 9,209,000      
        contract assets
      		                                903,436,000  433,532,000 266,282,000 266,282,000    
        ordinary shares
      		                                    223,000  50,000  
        treasury stock
      		                                    -421,165,000    
        long-term loan principal and service fee receivables
      		                                        
        long-term amounts due from related parties
      		                                        
        liabilities, mezzanine equity and shareholders’ equity/
      		                                        
        liabilities, mezzanine equity, and shareholders’ deficit
      		                                        
        mezzanine equity
      		                                        
        convertible preferred shares
      		                                        
        series a-1
      		                                      69,915,000  
        series a-2
      		                                      127,713,000  
        series b-1
      		                                      1,028,344,000  
        series b-2
      		                                      139,829,000  
        series b-3
      		                                      851,417,000  
        series c-1
      		                                      1,007,869,000  
        series c-2
      		                                      520,213,000  
        series c-3
      		                                      357,819,000  
        series c-4
      		                                      289,205,000  
        series c-5
      		                                      1,551,654,000  
        total mezzanine equity
      		                                      5,943,978,000 5,943,978,000 
        shareholders’ deficit:
      		                                        
        accumulated deficit
      		                                      -1,886,529,000  
        total shareholders’ deficit
      		                                      -1,761,259,000  
        total liabilities, mezzanine equity, and shareholders’ deficit
      		                                      15,366,254,000  
        summary consolidated balance sheets:
      		                                        
        total shareholders’ equity /
      		                                       -3,430,389,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2019-06-26 2019-03-31 2018-05-29 2018-03-31 2018-03-19 2017-12-31 
              
          ​
        		      
          cash flows from operating activities:
        		      
          net income
        		949,622,321 949,622,321     
          adjustments to reconcile net income to net cash from operating activities:
        		      
          share of loss in subsidiaries, vies and vies’ subsidiaries
        		      
          share-based compensation expense
        		24,655,928 24,655,928     
          income from the repurchase of convertible senior notes
        		      
          accrued interest of convertible senior notes
        		      
          investment loss of short-term investments
        		      
          foreign exchange loss net
        		      
          payables to employee
        		      
          other payables
        		      
          net cash from operating activities
        		1,197,391,747 1,197,391,747 487,625,000 487,625,000 3,076,140,000 -2,338,662,807 
          capital expenditures
        		-17,133,759 -17,133,759 0 0 0 0 
          free cash flows
        		1,180,257,988 1,180,257,988 487,625,000 487,625,000 3,076,140,000 -2,338,662,807 
          net cash from investing activities
        		-1,454,334,417 -1,454,334,417 -1,270,729,000 -1,270,729,000 556,125,000 -771,548,388 
          net cash from financing activities
        		496,609,149  -1,884,433,000  3,753,911,000 5,256,613,230 
          effect of exchange rate changes on cash and cash equivalents
        		      
          net increase in cash and cash equivalents
        		    6,046,536,000 1,814,547,710 
          cash and cash equivalents at beginning of the year
        		    785,770,000  
          cash and cash equivalents at end of the year
        		      
          share of loss in subsidiaries
        		      
          contractual interests in vies and vies’ subsidiaries
        		      
          investment income of short-term investments
        		      
          changes in operating assets and liabilities:
        		      
          receivables from related party
        		      
          payable to employees
        		      
          other current payables
        		      
          unrealized investment income of short-term investments
        		      
          other current receivables
        		      
          provision/(reversal) for receivables and other assets
        		      
          impairment loss from long-lived assets
        		      
          depreciation and amortization
        		5,065,935 5,065,935     
          amortization of right-of-use assets
        		      
          loss on disposal of property and equipment
        		1,028 1,028     
          share of loss from equity method investment
        		2,563,941      
          unrealized investment income of long-term investments
        		      
          unrealized investment income of derivative instruments
        		      
          foreign exchange loss
        		-7,921,299      
          financing service fee receivables
        		-80,890,315 -80,890,315     
          finance lease receivables
        		94,948,139 94,948,139     
          contract assets
        		      
          receivables from related parties
        		-41,629 -41,629     
          deferred tax assets and liabilities
        		33,470,148 33,470,148     
          other current and non-current assets
        		-139,195,330 -139,195,330     
          interest payables
        		-330,457 -330,457     
          guarantee liabilities
        		264,025,721 264,025,721     
          risk assurance liabilities
        		      
          operating lease liabilities
        		      
          other current and non-current liabilities
        		      
          cash flows from investing activities:
        		      
          proceeds from redemption of short-term investments
        		      
          proceeds from redemption of long-term investments
        		      
          proceeds from collection of loan principal
        		6,297,026,290 6,297,026,290     
          principal collection of finance lease receivables
        		      
          proceeds from disposal of long-term assets
        		40,000 40,000     
          purchases of short-term investments
        		      
          purchases of property and equipment, intangible assets and land lease right of use asset
        		      
          purchases of long-term investments
        		      
          purchases of equity method investment
        		      
          payments to originate loan principal
        		-7,704,266,948 -7,704,266,948     
          deposit pledged as collateral or prepayment for derivative instruments
        		      
          cash flows from financing activities:
        		      
          proceeds from deposits to funding
        		      
          proceeds from borrowings
        		1,797,043,000 1,797,043,000     
          proceeds from convertible senior notes, net of issuance cost
        		      
          proceeds from issuance of shares of subsidiary
        		      
          proceeds from exercise of share options
        		107 107     
          repayment of borrowings
        		-1,271,340,000 -1,271,340,000     
          repurchase of ordinary shares
        		      
          repurchase of convertible senior notes
        		      
          payments for interest of convertible senior notes
        		      
          purchase of capped call option
        		      
          payments of deposits to funding
        		      
          effect of exchange rate changes
        		-10,887,737 -10,887,737 -142,548,000 -142,548,000 -77,947,000  
          net increase in cash and cash equivalents, and restricted cash and cash equivalents
        		      
          cash and cash equivalents, and restricted cash and cash equivalents at beginning of the year
        		      
          cash and cash equivalents, and restricted cash and cash equivalents at end of the year
        		      
          reconciliation of cash and cash equivalents, and restricted cash and cash equivalents to the consolidated balance sheet
        		      
          cash and cash equivalents
        		1,931,429,951 1,931,429,951     
          restricted cash and cash equivalents
        		      
          total cash and cash equivalents, and restricted cash and cash equivalents
        		      
          supplemental disclosures of cash flow information:
        		      
          income taxes paid, net of refunds
        		      
          interest expense paid
        		105,438,722 105,438,722     
          share of profit in subsidiaries, vies and vies’ subsidiaries
        		      
          adjustments to reconcile net income to net cash provided by operating activities:
        		      
          provision for receivables and other assets
        		      
          amortization of lease right-of-use assets
        		      
          amortization of deferred origination costs
        		      
          foreign exchange (gain)/loss
        		      
          payables to related parties
        		      
          proceeds from collection of loan principal due from related parties
        		      
          purchases of property and equipment, intangible assets and land use right
        		      
          purchase of current assets held for lease
        		      
          proceeds from issuance of ordinary shares
        		      
          proceeds from related parties
        		      
          refund of guarantee deposits from funding partners
        		      
          payments to related parties
        		      
          payments for ipo expenditure
        		      
          payments of guarantee deposits to funding partners
        		      
          net increase in cash and cash equivalents, and restricted cash
        		228,778,742      
          cash and cash equivalents, and restricted cash at beginning of the year
        		      
          cash and cash equivalents, and restricted cash at end of the year
        		      
          reconciliation of cash and cash equivalents, and restricted cash to the consolidated balance sheet
        		      
          restricted cash
        		1,138,363,707 1,138,363,707     
          total cash and cash equivalents, and restricted cash
        		3,069,793,658 3,069,793,658     
          provision for receivables
        		390,391,177      
          investment income from short-term investments
        		-664,622 -664,622     
          contract asset
        		-442,667,528 -442,667,528     
          other current liabilities
        		104,358,589 104,358,589     
          purchase of short-term investments
        		-30,000,000 -30,000,000     
          purchases of property, equipment, intangible assets and land use right
        		-17,133,759 -17,133,759     
          payment of guarantee deposits to funding partners
        		-29,093,958 -29,093,958     
          cash and cash equivalents, and restricted cash at beginning of the period
        		2,841,014,916 2,841,014,916     
          cash and cash equivalents, and restricted cash at end of the period
        		3,069,793,658 3,069,793,658     
          reconciliation of cash and cash equivalents, and restricted cash to the condensed consolidated balance sheet
        		      
          income taxes paid
        		68,341,370 68,341,370     
          benefit from receivables
        		 390,391,177     
          share of (gain)/income from equity method investment
        		 2,563,941     
          foreign exchange loss/(gain)
        		 -7,921,299     
          net cash (used in)/provided by financing activities
        		 496,609,149     
          net (decrease)/increase in cash and cash equivalents, and restricted cash
        		 228,778,742     
          adjustments to reconcile net income to net cash used in operating activities:
        		      
          total net income attributable to qudian inc.’s shareholders
        		  315,816,000    
          add: share-based compensation expenses
        		  22,651,000  19,294,000  
          non-gaap net income attributable to qudian inc.’s shareholders
        		  338,467,000    
          non-gaap net income per share—basic
        		  1,040  2,010  
          non-gaap net income per share—diluted
        		  1,020  1,730  
          weighted-average shares outstanding—basic
        		  326,372,211,000  278,464,623,000  
          weighted-average shares outstanding—diluted
        		  331,424,416,000  323,461,840,000  
          net increase in cash and cash equivalents and restricted cash
        		  -2,810,085,000 -2,810,085,000   
          cash and cash equivalents and restricted cash at beginning of the period
        		  9,084,952,000 9,084,952,000   
          cash and cash equivalents and restricted cash at end of period
        		  6,274,867,000 6,274,867,000   
          net cash provided by/(used in) financing activities
        		   -1,884,433,000   
          (in thousands except for number
        		      
          of shares and per share data)
        		      
          total net income attributable to qudian inc.’s shareholder
        		    540,092,000  
          non-gaap net income attributable to qudian inc.’s
        		    559,386,000  
          net cash from by investing activities
        		    -705,568,000  
          cash and cash equivalents at end of period
        		    6,832,306,000  
          cash and cash equivalents at beginning of the period
        		    1,483,026,000  
          adjustments to reconcile net income to net cash from operating activities: share of loss/ (profit) in subsidiaries, vies and vies’ subsidiaries
        		      
          net income attributable to qudian inc.’s shareholder
        		      
          net income per share