Financials
Reported figures only · latest: Q4 2025
CNY · US GAAP
Source: SEC XBRL filings
· latest filing
The long view
Fiscal years as reported · SEC XBRL filings, US GAAP
Revenue and net income9 fiscal yearsShow the numbers
| Year | Revenue | Net income |
|---|
| FY25 | CNY 2.5B | −CNY 149.5M |
|---|
| FY24 | CNY 3B | CNY 2.7M |
|---|
| FY23 | CNY 3.7B | CNY 3.3M |
|---|
| FY22 | CNY 3.8B | −CNY 13.1M |
|---|
| FY21 | CNY 4B | −CNY 157.9M |
|---|
| FY20 | CNY 2.6B | CNY 3.4M |
|---|
| FY19 | CNY 2.1B | −CNY 11.8M |
|---|
| FY18 | CNY 1.5B | −CNY 42.6M |
|---|
| FY17 | - | - |
|---|
MarginsShare of revenue- Gross margin
- Operating margin
- Net margin
Show the numbers
| Year | Gross margin | Operating margin | Net margin |
|---|
| FY25 | 0.5% | −7% | −5.9% |
|---|
| FY24 | 2.4% | −0.3% | 0.1% |
|---|
| FY23 | 4.5% | −0.2% | 0.1% |
|---|
| FY22 | 6.6% | 0.9% | −0.3% |
|---|
| FY21 | 4.4% | −3.5% | −3.9% |
|---|
| FY20 | 7.5% | −0.8% | 0.1% |
|---|
| FY19 | 7.9% | −0.6% | −0.6% |
|---|
| FY18 | 7.9% | −3.5% | −2.9% |
|---|
| FY17 | - | - | - |
|---|
Free cash flowOperating cash flow minus capital expenditureShow the numbers
| Year | Free cash flow |
|---|
| FY25 | −CNY 39.4M |
|---|
| FY24 | −CNY 15.7M |
|---|
| FY23 | −CNY 97.4M |
|---|
| FY22 | CNY 70.1M |
|---|
| FY21 | −CNY 40.2M |
|---|
| FY20 | CNY 7.7M |
|---|
| FY19 | −CNY 129K |
|---|
| FY18 | CNY 15.9M |
|---|
| FY17 | - |
|---|
Net margin vs the sectorMedian of Industrials companies filing with the SECShow the numbers
| Year | QUHUO | Industrials median |
|---|
| FY25 | −5.9% | 3.7% |
|---|
| FY24 | 0.1% | 2.8% |
|---|
| FY23 | 0.1% | 2.8% |
|---|
| FY22 | −0.3% | 2.1% |
|---|
| FY21 | −3.9% | 1.4% |
|---|
| FY20 | 0.1% | −2.8% |
|---|
| FY19 | −0.6% | 2.5% |
|---|
| FY18 | −2.9% | 3.5% |
|---|
| FY17 | - | 3.4% |
|---|
News
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