Qudian Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 21.86 million compared to CNY 4.14 million a year ago. Revenue was CNY 21.86 million compared to CNY 201.82 million a year ago.

Net income was CNY 414.3 million compared to net loss of CNY 142.8 million a year ago. Basic earnings per share from continuing operations was CNY 1.82 compared to basic loss per share from continuing operations of CNY 0.56 a year ago. Diluted earnings per share from continuing operations was CNY 1.81 compared to diluted loss per share from continuing operations of CNY 0.56 a year ago.