v3.25.2
CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2024
CNY (¥)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 63,202 $ 8,659 ¥ 45,185
Restricted cash 1,916 262 1,271
Short-term investments     68,378
Accounts receivable, net 295,713 40,513 475,992
Prepayments and other current assets ¥ 112,044 $ 15,348 108,354
Amounts due from a related party     ¥ 253
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] srt:AffiliatedEntityMember srt:AffiliatedEntityMember srt:AffiliatedEntityMember
Total current assets ¥ 472,875 $ 64,782 ¥ 699,433
Non-current assets:      
Property and equipment, net 8,847 1,212 14,635
Right-of-use assets, net 4,647 637 6,217
Intangible assets, net 57,985 7,944 82,818
Goodwill 65,481 8,971 65,481
Deferred tax assets 31,548 4,322 21,968
Other non-current assets 225,643 30,913 141,384
Total non-current assets 394,151 53,999 332,503
Total assets 867,026 118,781 1,031,936
Current liabilities (including current liabilities of the consolidated VIE without recourse to the primary beneficiary of RMB446,146 and RMB328,237(US$44,969) as of December 31, 2023 and 2024, respectively):      
Accounts payable 145,777 19,971 254,099
Accrued expenses and other current liabilities 74,269 10,175 108,132
Short-term debt 112,848 15,460 92,653
Short-term lease liabilities 2,818 386 3,906
Amounts due to a related party 1,350 185  
Total current liabilities 337,062 46,177 458,790
Non-current liabilities (including non-current liabilities of the consolidated VIE without recourse to the primary beneficiary of RMB68,140 and RMB69,292 (US$9,493) as of December 31, 2023 and 2024, respectively):      
Long-term debt 4,706 645 7,533
Long-term lease liabilities 1,635 224 1,434
Deferred tax liabilities 599 82 4,689
Other non-current liabilities 62,408 8,550 54,212
Total non-current liabilities 69,348 9,501 67,868
Total liabilities 406,410 55,678 526,658
Commitments and contingencies
Shareholders' equity:      
Ordinary shares 615 84 43
Additional paid-in capital 1,839,482 252,008 1,885,142
Accumulated deficit (1,373,825) (188,214) (1,376,530)
Accumulated other comprehensive loss (1,550) (212) (2,466)
Total Quhuo Limited shareholders' equity 464,722 63,666 506,189
Non-controlling interests (4,106) (563) (911)
Total shareholders' equity 460,616 63,103 505,278
Total liabilities and shareholders' equity ¥ 867,026 $ 118,781 ¥ 1,031,936