Dillon Heslin

Darren Aftahi

Karina Wang

Zei Yu

- Quhuo Limited's subsidiary, **Lailai Information Technology (Shenzhen) Co., Ltd.**, has formed a partnership with **Ke Holdings Inc. (Beike)**, a leading housing transactions and services platform in China.  **[1781193_20250930CN86820:0]** 
- This collaboration, which launched in **May 2024**, expands Lailai's service scope from home services to a full property management service system, providing asset services such as property maintenance, ongoing household support, and tailored resident services.  **[1781193_20250930CN86820:0]** 
- Lailai's property services have already expanded to Chengdu, Beijing, Shanghai, Ningbo, and Jinan, with plans to extend to Shenzhen, Guangzhou, Hangzhou, Nanjing, and Xi'an.  **[1781193_20250930CN86820:0]** 
- Quhuo's CEO, Leslie Yu, stated that this partnership reflects the company's long-term commitment to local life services and opens **new market opportunities**.  **[1781193_20250930CN86820:0]**

Quhuo's Lailai Subsidiary Partners with Beike for Property Services

- Quhuo Limited reported **total revenue of RMB1,131.4 million** for the six months ended June 30, 2025.  **[1781193_20250926CN84278:0]** 
- The company continued to advance its **dual-track strategy**, focusing on optimizing on-demand delivery solutions and accelerating the expansion of housekeeping and accommodation solutions.  **[1781193_20250926CN84278:0]** 
- The **housekeeping and accommodation businesses** delivered robust results in the first half of 2025, with revenue increasing **70.8% year over year** and gross profit growing **63.4%**.  **[1781193_20250926CN84278:0]** 
- New business initiatives include a partnership with **JD.com** for on-demand delivery services and a beef supply chain partnership with NIU World, which generated approximately **RMB14.4 million** in revenue since May 2025.  **[1781193_20250926CN84278:0]** **[1781193_20250926CN84278:1]**

Quhuo Limited Reports Unaudited H1 2025 Financial Results

- **Quhuo Limited reported a total revenue decrease of 30.2% to RMB1,131.4 million (US$157.9 million) for the first half of 2025**, down from RMB1,619.9 million in the first half of 2024.  **[1781193_0001104659-25-093586_qh-20250926xex99d3.htm:0]** **[1781193_0001104659-25-093586_qh-20250926xex99d2.htm:1]** **[1781193_0001104659-25-093586_qh-20250926xex99d2.htm:3]**  This decline was primarily driven by a **30.7% decrease in on-demand delivery solutions revenue** and a **42.8% decrease in mobility service solutions revenue**, although revenues from housekeeping and accommodation solutions and other services saw a **70.8% increase**.  **[1781193_0001104659-25-093586_qh-20250926xex99d3.htm:0]** **[1781193_0001104659-25-093586_qh-20250926xex99d2.htm:3]** 
- The company's **net loss widened to RMB53.0 million (US$7.4 million) for the first half of 2025**, compared to a net loss of RMB46.5 million in the same period of 2024.  **[1781193_0001104659-25-093586_qh-20250926xex99d2.htm:1]** **[1781193_0001104659-25-093586_qh-20250926xex99d2.htm:2]** **[1781193_0001104659-25-093586_qh-20250926xex99d3.htm:7]** 
- **EBITDA loss also increased to RMB60.2 million (US$8.4 million) for the first half of 2025**, up from an EBITDA loss of RMB34.8 million in the first half of 2024.  **[1781193_0001104659-25-093586_qh-20250926xex99d2.htm:1]** **[1781193_0001104659-25-093586_qh-20250926xex99d2.htm:5]** **[1781193_0001104659-25-093586_qh-20250926xex99d3.htm:7]** 
- As of June 30, 2025, Quhuo Limited held **cash and cash equivalents of RMB33.1 million (US$4.6 million)** and reported **working capital of RMB105.1 million (US$14.7 million)**.  **[1781193_0001104659-25-093586_qh-20250926xex99d2.htm:5]** **[1781193_0001104659-25-093586_qh-20250926xex99d2.htm:6]**

Quhuo Limited Reports Decreased Revenue and Increased Net Loss for First Half of 2025

- Quhuo Ltd reported a **total revenue of RMB 1.13 billion** for the first half of 2025, marking a **30.2% decrease** from the prior year, and recorded a **net loss of RMB 53 million**, an increase of 14% compared to H1 2024.  **[1781193_2159014_1]** **[1781193_2159014_4]** **[1781193_2159014_5]** 
- Revenue from **on-demand delivery solutions decreased by 30.7% to RMB 1,039 million** due to business optimization, while **housekeeping and accommodation solutions revenue sharply increased by 70.8% to RMB 34.8 million**, driven by strong growth in Home to Home and Lilac's accommodation business.  **[1781193_2159014_1]** **[1781193_2159014_4]** 
- The company is pursuing a dual-track strategy, focusing on optimizing its core on-demand delivery business and accelerating the development of its second core businesses, including housekeeping and accommodation, and vehicle export solutions.  **[1781193_2159014_1]** 
- New strategic initiatives include a cooperation with **JD Jingdong Takeaway** for delivery services and a supply chain empowerment partnership with **New World**, which has generated **RMB 14.4 million** in revenue since May 2025 and is projected to contribute **RMB 60 million** for the full year.  **[1781193_2159014_3]** 
- Quhuo is also advancing an asset financialization model through its Lilac business, aiming to convert operating assets into financial assets to secure higher margin income and enhance cash flow.  **[1781193_2159014_2]** **[1781193_2159014_6]**

Quhuo Ltd Reports H1 2025 Financial Results and Strategic Progress

- Quhuo Limited has scheduled an Extraordinary General Meeting (EGM) for **October 8, 2025**, to vote on significant changes to its authorized share capital and corporate governance.  **[1781193_0001410578-25-002031_tm2525807d1_6k.htm:0]** **[1781193_0001410578-25-002031_tm2525807d1_ex99-1.htm:1]** 
- Shareholders will consider increasing the authorized share capital from **US$500,000** (5,000,000,000 shares) to **US$10,000,000** (100,000,000,000 shares), creating additional Class A and Un-designated Shares to support future equity financing and strategic initiatives.  **[1781193_0001410578-25-002031_tm2525807d1_ex99-2.htm:1]** **[1781193_0001410578-25-002031_tm2525807d1_ex99-1.htm:1]** **[1781193_0001410578-25-002031_tm2525807d1_ex99-3.htm:1]** **[1781193_0001410578-25-002031_tm2525807d1_ex99-2.htm:2]** 
- The EGM includes a proposal to create a new class of **Class C Ordinary Shares**, each carrying **480 votes** per share, but with no dividend or liquidation rights and being non-transferable.  **[1781193_0001410578-25-002031_tm2525807d1_ex99-2.htm:1]** **[1781193_0001410578-25-002031_tm2525807d1_ex99-2.htm:3]** **[1781193_0001410578-25-002031_tm2525807d1_ex99-2.htm:17]** 
- A proposal will be voted on to issue **100,000,000 Class C Ordinary Shares** to **LESYU Investments Limited**, a company wholly-owned by Chairman and CEO **Mr. Leslie Yu**, for an aggregate consideration of **US$10,000**, aimed at preserving management continuity and corporate stability.  **[1781193_0001410578-25-002031_tm2525807d1_ex99-2.htm:1]** **[1781193_0001410578-25-002031_tm2525807d1_ex99-2.htm:4]** 
- The record date for shareholders to be entitled to vote at the EGM was **September 5, 2025**.  **[1781193_0001410578-25-002031_tm2525807d1_ex99-2.htm:1]** **[1781193_0001410578-25-002031_tm2525807d1_ex99-1.htm:1]**

QUHUO (QH)