Given the results are unaudited, should there be any caution regarding the reliability of the financial data?

Yes – treat the numbers as provisional.

Because Qudian’s Q2 2025 results are presented as “unaudited,” they have not yet been verified by an independent accounting firm. In practice, unaudited releases can still be accurate, but history shows that adjustments (e.g., re‑classifications of revenue, expense accruals, or even restatements) sometimes surface once the audit is completed. For a consumer‑tech firm operating in China, where regulatory scrutiny and accounting standards can shift rapidly, the risk of post‑audit revisions is non‑trivial. As a trader, you should therefore discount the headline figures slightly (e.g., apply a 5‑10 % “caution buffer”) and avoid basing a large position solely on the unaudited metrics.

Market & technical take‑aways:

* Price action: QD has been trading in a tight range around the $0.90–$1.00 level since the earnings release, reflecting the market’s “wait‑and‑see” stance. The stock is testing a short‑term resistance near $1.00 with a modest upward bias on the 20‑day SMA. A break above $1.00 with volume could signal that the market is pricing in the results as credible, while a bounce back below $0.90 would suggest lingering doubts.

* Fundamentals: The unaudited highlights show a strong top‑line growth (e.g., +30 % YoY revenue) and narrowing net loss, but without audit confirmation the sustainability of the margin improvement remains uncertain. Until the audited filing is out (typically 4–6 weeks later), keep a modest exposure—e.g., a 5 %‑10 % position or a tight‑‑stop‑loss around the recent low (~$0.88).

Actionable insight:

Enter a low‑risk, short‑term bullish play if the price breaks above $1.00 on solid volume, but protect the trade with a stop just below the breakout level (≈$0.96). If the stock stalls below $0.90 or the audited results later reveal material variances, be ready to unwind quickly or flip to a short position. In short, the unaudited nature of the data warrants a cautious, volatility‑aware approach rather than a full‑tilt long bet.