Quhuo Ltd. (QH) has released an update.
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Quhuo Ltd., a leader in China’s gig economy, has reported a successful fiscal year with a significant increase in revenues from vehicle export solutions and a transition to profitability, marking a year-over-year net income increase. The company’s operational efficiency improvements have led to reduced general and administrative expenses and consistent positive EBITDA for the latter half of the year. Quhuo’s strategic expansion into vehicle exports and SaaS+ services has positioned it for future large-scale partnerships and service area expansion.
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