- Quhuo ( NASDAQ: QH ) is trading around +16% after its first half report was filed, showing a jump in revenue from mobility services.
- Mobility revenues, which include ride hailing, freight service and shared-bike maintenance solutions, were up 32.2% Y/Y to RMB56.5M for H1, driven by an enlarged customer base and service scope for shared-bike maintenance solutions.
- Mobility service revenues were also buoyed by freight solutions, which commenced in July 2021.
- Meanwhile, revenue from housekeeping and accommodation solutions rose around 25% to RMB43.4M driven by an enlarged customer base.
- On-demand delivery solutions, which make up the bulk of total revenues for Quhuo, remained relatively stable at RMB1.7B. Total revenues were up 1.4% Y/Y to RMB1.8B.
- Quhuo's ( QH ) adjusted net loss narrowed significantly to RMB14M from RBM69M a year ago, helped by 23% lower general and administrative expenses and 22% lower R&D costs.
For further details see:
Quhuo jumps 16% following first half performance update