Quhuo's Transformation Story Hits Speed Bump Amid China Slowdown
1. Quhuo's revenue fell 27% in H2 2024, indicating serious operational challenges. 2. Shifts from food delivery to new businesses are lagging amid strong competition. 3. Car exporting business faced setbacks, with exports dropping from 13,000 to 3,500. 4. Homestay and housekeeping revenue also declined, raising questions about growth prospects. 5. Despite losses, the company remains profitable with a net income of 48.1 million yuan.