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Quhuo (QH) Reports Q3 Revenues of $171.6M, Adjusted Net Income of $4.4M

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Quhuo Announces Third Quarter 2021 Unaudited Financial Results

November 29, 2021 7:34 AM EST

BEIJING, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Quhuo Limited (NASDAQ: QH) (Quhuo, the Company, we or our), a leading tech-enabled workforce operational solution platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.

Financial and Operational Highlights for the Third Quarter of 2021

Total revenues were RMB1,105.5 million (US$171.6 million), representing a 43.7% year-over-year increase.Revenues from on-demand delivery solutions increased 38.0% year-over-year.Revenues from mobility service solutions, consisting of shared-bike maintenance, ride hailing and freight service solutions, increased 364.5% year-over-year.(1)Revenues from housekeeping and accommodation solutions increased 538.0%... More