High Templar Tech (ADR) (HTT)
Pursuing technology and financial-service opportunities after winding down consumer credit and parcel delivery.
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Seeks global business opportunities using technology and financial-service capabilities after exiting its core Chinese online consumer-credit platform. Remaining revenue mostly came from the Fast Horse delivery wind-down, with earnings also shaped by financial-asset returns and founder voting control.
Operates as a Cayman-incorporated, Xiamen-headquartered successor to Qudian, seeking global business opportunities through technology expertise and financial-service capabilities. Its remaining revenue has come largely from the wind-down of Fast Horse, a last-mile delivery operation that served logistics customers in Australia and New Zealand; product sales and other income also remain. It also discloses aircraft leasing and technology-development, R&D, technical, and precision-marketing services for financial institutions.
Runs one consolidated reportable segment through PRC subsidiaries and contractual arrangements with a variable-interest entity, while overseas subsidiaries supported delivery and aircraft leasing. Consumer credit, automobile finance, luxury e-commerce, early-childhood education, prepared food, and delivery were all launched and then closed or wound down. Founder Min Luo retains voting control through the dual-class structure, and PRC rules can constrain contractual control, data and cybersecurity compliance, and transfers of cash to offshore holders.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $1.46B · Total debt $235.4M · Total assets $2.03B · Shareholders' equity $1.73B
- Revenue
- $464.1K
- Operating income
- −$10.3M
- Net income
- −$23.9M
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Insiders1 holder · as of Mar 31, 2026 | 0.05% | 80.6K ADS | |
| Otherremainder | 99.95% | 161.83M ADS |
161.91M ADS as of Aug 21, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Yan (Rock) GaoInsiderofficer: Vice President of Finance | 0.05% | 80,608 ADS | Form 4filed Mar 31, 2026 ↗ |
Min Luo1Insiderdirector, 10 percent owner, officer: Chief Executive Officer | — | — | Form 4filed Mar 27, 2026 ↗ |
Qufenqi Holding LimitedStrategic | —33.50% of class, as filed | — | 13Gfiled Feb 12, 2025 ↗ |
- This position is filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
Nothing filed in the last 12 months.



