QUHUO Ltd files 20-F

Quhuo Limited reported a net loss of RMB 150.5 million (US$21.5 million) for the fiscal year ended December 31, 2025, a decrease from a net income of RMB 1.6 million in 2024, primarily due to a 17.1% decrease in total revenues to RMB 2,525.9 million (US$361.2 million) and a 26.3% increase in general and administrative expenses. The company also received a delisting determination from Nasdaq on March 27, 2026, due to its ADSs trading below $0.10 for ten consecutive days, with trading suspension effective April 6, 2026.