Qingdao AInnovation Technology Group Co., Ltd. logo

Qingdao AInnovation Technology Group Co., Ltd.

2121.HK

HKSETechnologySoftware - Application

Latest quote

HK$3.645

−HK$0.075 · -2.02%

Aug 24, 11:00 AM HKT

2121.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Qingdao AInnovation Technology Group Co., Ltd., through its various subsidiaries, focuses on developing, researching, and selling artificial intelligence-powered software and hardware solutions across China. The company's core offerings include ManuVision, an intelligent machine vision platform designed for edge-based inspection; MatrixVision, an intelligent edge video platform that seamlessly integrates edge computing with deep learning capabilities; and Orion, a powerful distributed machine learning platform. These advanced technologies serve a range of industries, notably manufacturing and finance. The firm, initially operating as Shenzhen AInnovation Technology Co., Ltd., rebranded to its current name in December 2020. Founded in 2018, its corporate headquarters are located in Qingdao, China.

Industry
Software - Application
Sector
Technology
Headquarters
CN
CEO
Hui Xu
Listed since
Jan 27, 2022
Employees
835

Market position

Day range

Current HK$3.645

52-week range

Current HK$3.645

Open
HK$3.76
Previous close
HK$3.72
Volume
91.6K
0.09× average
Average volume
1.07M
Average daily volume
Market cap
1.89B HKD
Beta
0.71
Market reference 1
50-day average
HK$3.9706
-8.20% below average
200-day average
HK$4.8925
-25.50% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.97B CNY
EV / EBITDA
-11.52×
Earnings yield
-9.38%
Free cash flow yield
-2.42%

Profitability & efficiency

Return on equity
-20.73%
Return on assets
-11.05%
Return on invested capital
-16.24%

Financial health

Current ratio
2.24×
Altman Z-score
0.33
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends46%2%-41%-85%Gross margin, FY2021: 31.03%Gross margin, FY2022: 32.55%Gross margin, FY2023: 33.61%Gross margin, FY2024: 34.63%Gross margin, FY2025: 34.98%Operating margin, FY2021: -72.33%Operating margin, FY2022: -25.18%Operating margin, FY2023: -34.27%Operating margin, FY2024: -51.61%Operating margin, FY2025: -16.88%Net margin, FY2021: -73.75%Net margin, FY2022: -23.31%Net margin, FY2023: -33.26%Net margin, FY2024: -48.60%Net margin, FY2025: -16.53%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 31.03%. Gross margin FY2022 32.55%. Gross margin FY2023 33.61%. Gross margin FY2024 34.63%. Gross margin FY2025 34.98%. Operating margin FY2021 -72.33%. Operating margin FY2022 -25.18%. Operating margin FY2023 -34.27%. Operating margin FY2024 -51.61%. Operating margin FY2025 -16.88%. Net margin FY2021 -73.75%. Net margin FY2022 -23.31%. Net margin FY2023 -33.26%. Net margin FY2024 -48.60%. Net margin FY2025 -16.53%.

Income trends

Revenue

1.51B CNY+23.80%

Operating income

−255.28M CNY+59.52%

Net income

−250.08M CNY+57.89%
Income trends across reported periods1.99B CNY1.04B CNY80.73M CNY−873.74M CNYRevenue, FY2021: 861.17M CNYRevenue, FY2022: 1.56B CNYRevenue, FY2023: 1.75B CNYRevenue, FY2024: 1.22B CNYRevenue, FY2025: 1.51B CNYOperating income, FY2021: −622.84M CNYOperating income, FY2022: −392.29M CNYOperating income, FY2023: −600.01M CNYOperating income, FY2024: −630.59M CNYOperating income, FY2025: −255.28M CNYNet income, FY2021: −635.12M CNYNet income, FY2022: −363.04M CNYNet income, FY2023: −582.34M CNYNet income, FY2024: −593.81M CNYNet income, FY2025: −250.08M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 861.17M CNY. Revenue FY2022 1.56B CNY. Revenue FY2023 1.75B CNY. Revenue FY2024 1.22B CNY. Revenue FY2025 1.51B CNY. Operating income FY2021 −622.84M CNY. Operating income FY2022 −392.29M CNY. Operating income FY2023 −600.01M CNY. Operating income FY2024 −630.59M CNY. Operating income FY2025 −255.28M CNY. Net income FY2021 −635.12M CNY. Net income FY2022 −363.04M CNY. Net income FY2023 −582.34M CNY. Net income FY2024 −593.81M CNY. Net income FY2025 −250.08M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.51B CNY1.22B CNY1.75B CNY1.56B CNY861.17M CNY
Cost of goods sold983.47M CNY798.7M CNY1.16B CNY1.05B CNY593.93M CNY
Gross profit529.09M CNY423.07M CNY588.49M CNY507.08M CNY267.24M CNY
Research and development396.29M CNY355.11M CNY449.8M CNY416.31M CNY327.7M CNY
Selling, general, and administrative359.32M CNY455.74M CNY621.17M CNY492.23M CNY565.35M CNY
Operating expenses784.37M CNY1.05B CNY1.19B CNY852.53M CNY864.98M CNY
Interest income12.68M CNY21.1M CNY32.9M CNY39.34M CNY28.91M CNY
Interest expense5.87M CNY7.41M CNY8.57M CNY8.09M CNY1.22M CNY
Depreciation and amortization40.43M CNY55.53M CNY92.58M CNY72.53M CNY34.18M CNY
Operating income−255.28M CNY−630.59M CNY−600.01M CNY−392.29M CNY−622.84M CNY
Net income−250.08M CNY−593.81M CNY−582.34M CNY−363.04M CNY−635.12M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.42

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0.09-0.34-0.59-0.84Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2022, reported Aug 31, 2022: actual -0.492, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual -0.273, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual -0.389, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual -0.753, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 26, 2024: actual -0.387, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual -0.787, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 22, 2025: actual -0.11, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 25, 2026: actual -0.423, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1.07B906.79M739.88M572.96MQ3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2022, reported Aug 31, 2022: actual 756.24M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 1.03B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 998.37M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 909.81M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 26, 2024: actual 614.26M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 691.82M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 22, 2025: actual 765.94M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 25, 2026: actual 905.1M HKD, estimate —, surprise —, Comparison unavailable.

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