v3.25.2
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Jun. 30, 2025
CNY (¥)
Jun. 30, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 30,882 $ 4,311 ¥ 63,202
Restricted cash 2,189 306 1,916
Accounts receivable, net 345,634 48,249 295,713
Prepayments and other current assets 110,900 15,479 112,044
Total current assets 489,605 68,345 472,875
Non-current assets:      
Property and equipment, net 9,166 1,280 8,847
Right-of-use assets, net 2,306 322 4,647
Intangible assets, net 48,738 6,804 57,985
Goodwill 65,481 9,141 65,481
Deferred tax assets 39,820 5,559 31,548
Other non-current assets 193,227 26,973 225,643
Total non-current assets 358,738 50,079 394,151
Total assets 848,343 118,424 867,026
Current liabilities (including current liabilities of the consolidated VIE without recourse to the primary beneficiary of RMB328,237 and RMB375,164 (US$52,371) as of December 31, 2024 and June 30,2025, respectively):      
Accounts payable 188,703 26,342 145,777
Accrued expenses and other current liabilities 75,545 10,546 74,269
Short-term debt 118,336 16,519 112,848
Short-term lease liabilities 1,674 234 2,818
Amounts due to a related party 270 38 1,350
Total current liabilities 384,528 53,679 337,062
Non-current liabilities (including non-current liabilities of the consolidated VIE without recourse to the primary beneficiary of RMB69,292 and RMB56,254 (US$7,853) as of December 31, 2024 and June 30,2025, respectively):      
Long-term debt 3,230 451 4,706
Long-term lease liabilities 587 82 1,635
Deferred tax liabilities 2   599
Other non-current liabilities 52,490 7,327 62,408
Total non-current liabilities 56,309 7,860 69,348
Total liabilities 440,837 61,539 406,410
Commitments and contingencies
Shareholders' equity:      
Ordinary shares 615 86 615
Additional paid-in capital 1,839,482 256,782 1,839,482
Accumulated deficit (1,426,926) (199,192) (1,373,825)
Accumulated other comprehensive loss (1,670) (233) (1,550)
Total Quhuo Limited shareholders' equity 411,501 57,443 464,722
Non-controlling interests (3,995) (558) (4,106)
Total shareholders' equity 407,506 56,885 460,616
Total liabilities and shareholders' equity ¥ 848,343 $ 118,424 ¥ 867,026