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QuantumScape (QSG.US) rose over 9% and has gained over 110% this year.

AInvestWednesday, Dec 4, 2024 8:50 pm ET
1min read

As of Wednesday's close of the U.S. stock market, Qutoutiao (QSG.US) shares rose by 9.22% to US$3.08. The stock has risen by 110% year-to-date.

Qutoutiao's previously released 2025 fiscal first-quarter (three months ended September 30, 2024) financial report showed that the total number of registered users reached 134.6 million, up 30.2% YoY, showing a high growth trend; meanwhile, the revenue was Rmb810mn, and the net profit was Rmb80.69mn, up 21.0% YoY. The report showed that the company actively responded to market changes during its strategic transformation, continuously deepened the silver economy, and maintained a healthy profitability and sufficient cash reserves, laying a solid foundation for sustainable development.

The company values its shareholders and demonstrates its development confidence through actions. The board of directors has approved a special cash dividend for the first time, with US$0.201 per American Depositary Share (ADS). In addition, Qutoutiao will continue to share the operating development results with its shareholders through stock repurchases, dividends, and other means, in combination with existing stock repurchase plans.

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