Shanghai, China – Quhuo Limited, a leading company in the mobility services industry, recently held its Q2 2024 Earnings Conference Call on August 28, 2024. During the call, key executives including Qishu Wang, Leslie Yu, and Barry Ba provided insights into the company’s performance in the first half of 2024.

In the midst of a complex and volatile global economic environment, Quhuo demonstrated resilience and strategic foresight in overcoming challenges in the market. Despite facing uncertainties both domestically and internationally, the company managed to achieve stable business growth and financial performance. With a total revenue of RMB 1.62 billion in the first half of 2024, Quhuo showcased its ability to adapt to market fluctuations and deliver strong results.

One of the standout performances for Quhuo was in its Mobility Services segment, with revenue increasing significantly year-on-year. The company’s innovative solutions in shared-bike maintenance, ride-hailing services, and international vehicle exports proved to be successful drivers of growth. Additionally, Quhuo’s housekeeping service segment also saw positive results, with increased gross profit and expanded service coverage in multiple cities.

Looking ahead, Quhuo remains focused on addressing key issues in the market and delivering long-term value to its customers. The company’s strategic initiatives include providing valuable job opportunities in platform employment, advancing homestay operations in response to evolving tourism trends, and exploring innovative solutions in the automotive industry.

With a strong commitment to continuous innovation and market expansion, Quhuo is well-positioned to capitalize on the growing demand for new energy vehicles and international market opportunities. The company’s unique competitive advantage, coupled with its operational and technical capabilities, sets the stage for further growth and success in the second half of 2024.

Overall, Quhuo’s performance in the first half of 2024 reflects its proactive approach to navigating challenges and seizing opportunities in the market. By focusing on strategic growth initiatives and building strong partnerships, the company is poised for continued success and expansion in the mobility services industry.