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Qiniu Limited logo

Qiniu Limited

2567.HK

HKSETechnologySoftware - Infrastructure

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Latest quote

HK$0.36

+HK$0.005 · +1.41%

Aug 24, 2:13 PM HKTData delayed

2567.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Founded in 2011 and headquartered in Shanghai, China, Qiniu Limited specializes in delivering audiovisual cloud services across the country. The company's core product suite includes Media Platform as a Service (MPaaS) solutions, offering a comprehensive array of audiovisual functionalities. These encompass the QCDN, a content delivery network designed for accelerated content distribution; Kodo, an object storage platform for secure data retention; interactive live streaming tools enabling real-time content delivery; and Dora, an intelligent media data analytics platform providing robust data processing and analysis capabilities. Complementing these, Qiniu also provides Application Platform as a Service (APaaS) solutions. These are scenario-specific audiovisual offerings built upon its MPaaS foundation and utilizing a low-code platform, allowing customers to easily deploy diverse functionalities and achieve their business objectives. Qiniu caters to a broad spectrum of industries, such as pan-entertainment, social networking, healthcare, e-commerce, education, media, financial services, automotive, telecommunications, and intelligent manufacturing.

Industry
Software - Infrastructure
Sector
Technology
Headquarters
CN
CEO
Shiwei Xu
Listed since
Oct 16, 2024
Employees
338

Market position

Day range

Current HK$0.36

52-week range

Current HK$0.36

Open
HK$0.355
Previous close
HK$0.355
Volume
220K
0.07× average
Average volume
3.25M
Average daily volume
Market cap
720.62M HKD
Beta
0.68
Market reference 1
50-day average
HK$0.3814
-5.61% below average
200-day average
HK$0.4996
-27.94% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.06B CNY
P/E (TTM)
-7.45×
P/B (TTM)
1.71×
P/S (TTM)
0.35×
EV / EBITDA
-59.18×
Earnings yield
-4.90%
Free cash flow yield
-7.01%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
18.46%
Operating margin
-3.38%
Net margin
-3.27%
Return on equity
-16.08%
Return on assets
-5.07%
Return on invested capital
-10.51%

Financial health

Debt / equity
0.64×
Current ratio
1.25×
Altman Z-score
-2.34
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends26%5%-16%-37%Gross margin, FY2021: 19.79%Gross margin, FY2022: 19.93%Gross margin, FY2023: 21.01%Gross margin, FY2024: 19.75%Gross margin, FY2025: 18.46%Operating margin, FY2021: -10.19%Operating margin, FY2022: -12.51%Operating margin, FY2023: -7.51%Operating margin, FY2024: -8.70%Operating margin, FY2025: -3.39%Net margin, FY2021: -14.94%Net margin, FY2022: -18.54%Net margin, FY2023: -24.30%Net margin, FY2024: -31.97%Net margin, FY2025: -3.27%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.79%. Gross margin FY2022 19.93%. Gross margin FY2023 21.01%. Gross margin FY2024 19.75%. Gross margin FY2025 18.46%. Operating margin FY2021 -10.19%. Operating margin FY2022 -12.51%. Operating margin FY2023 -7.51%. Operating margin FY2024 -8.70%. Operating margin FY2025 -3.39%. Net margin FY2021 -14.94%. Net margin FY2022 -18.54%. Net margin FY2023 -24.30%. Net margin FY2024 -31.97%. Net margin FY2025 -3.27%.

Income trends

Revenue

1.77B CNY+31.00%

Operating income

−59.92M CNY+48.98%

Net income

−57.85M CNY+86.59%
Income trends across reported periods1.99B CNY1.11B CNY228.4M CNY−651.38M CNYRevenue, FY2021: 1.2B CNYRevenue, FY2022: 1.01B CNYRevenue, FY2023: 1.21B CNYRevenue, FY2024: 1.35B CNYRevenue, FY2025: 1.77B CNYOperating income, FY2021: −122.35M CNYOperating income, FY2022: −126.05M CNYOperating income, FY2023: −90.75M CNYOperating income, FY2024: −117.44M CNYOperating income, FY2025: −59.92M CNYNet income, FY2021: −179.28M CNYNet income, FY2022: −186.82M CNYNet income, FY2023: −293.5M CNYNet income, FY2024: −431.44M CNYNet income, FY2025: −57.85M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.2B CNY. Revenue FY2022 1.01B CNY. Revenue FY2023 1.21B CNY. Revenue FY2024 1.35B CNY. Revenue FY2025 1.77B CNY. Operating income FY2021 −122.35M CNY. Operating income FY2022 −126.05M CNY. Operating income FY2023 −90.75M CNY. Operating income FY2024 −117.44M CNY. Operating income FY2025 −59.92M CNY. Net income FY2021 −179.28M CNY. Net income FY2022 −186.82M CNY. Net income FY2023 −293.5M CNY. Net income FY2024 −431.44M CNY. Net income FY2025 −57.85M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.77B CNY1.35B CNY1.21B CNY1.01B CNY1.2B CNY
Cost of goods sold1.44B CNY1.08B CNY954.24M CNY806.66M CNY962.76M CNY
Gross profit326.46M CNY266.57M CNY253.78M CNY200.77M CNY237.6M CNY
Research and development142.17M CNY148.06M CNY115.94M CNY113.03M CNY116.98M CNY
Selling, general, and administrative194.43M CNY238.38M CNY248.93M CNY36.57M CNY76.08M CNY
Operating expenses386.38M CNY384.01M CNY344.53M CNY326.82M CNY359.96M CNY
Interest income9.69M CNY6.43M CNY6.9M CNY3.17M CNY2.24M CNY
Interest expense7.93M CNY7.3M CNY7.39M CNY7.68M CNY4.93M CNY
Depreciation and amortization41.71M CNY51.61M CNY64.2M CNY82.08M CNY74.08M CNY
Operating income−59.92M CNY−117.44M CNY−90.75M CNY−126.05M CNY−122.35M CNY
Net income−57.85M CNY−431.44M CNY−293.5M CNY−186.82M CNY−179.28M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.01

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0.01-0.02-0.04-0.06Q3 '25Q1 '26
Q3 2025, reported Aug 26, 2025: actual -0.022, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 25, 2026: actual -0.007, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates945.19M792.12M639.06M485.99MQ3 '25Q1 '26
Q3 2025, reported Aug 26, 2025: actual 908.83M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 25, 2026: actual 522.34M HKD, estimate —, surprise —, Comparison unavailable.

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