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Chenqi Technology Limited logo

Chenqi Technology Limited

9680.HK

HKSEIndustrialsRental & Leasing Services

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Latest quote

HK$7.98

HK$0.00 · 0.00%

Aug 19, 6:07 PM HKTData delayed

9680.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Established in 2019 and headquartered in Guangzhou, China, Chenqi Technology Limited operates as a Chinese company specializing in innovative mobility technology and service solutions. Its business operations are strategically organized into three distinct divisions. The Mobility Services segment provides a diverse array of transportation solutions, including traditional ride-hailing, cutting-edge Robotaxi services, carpooling (known as hitch), and other related offerings. Its Technology Services arm is dedicated to developing sophisticated AI data and model solutions, which span data acquisition, annotation, meticulous data management, and advanced model training. This division further contributes high-definition mapping technologies and intelligent urban transportation systems. Lastly, the Fleet Management and Services segment delivers comprehensive vehicle support, encompassing repair work and routine maintenance, alongside supplementary services such as vehicle cleaning and electric vehicle charging. This division also engages in the sale of vehicles. Chenqi caters to a broad spectrum of clients, including corporate entities, original equipment manufacturers (OEMs) within the automotive industry, various vehicle service providers, individual riders and drivers, and developers of autonomous driving technologies.

Industry
Rental & Leasing Services
Sector
Industrials
Headquarters
CN
CEO
Hua Jiang
Listed since
Jul 10, 2024
Employees
409

Market position

Day range

Current HK$7.98

52-week range

Current HK$7.98

Open
HK$7.98
Previous close
HK$7.98
Volume
4.6K
0.25× average
Average volume
18.71K
Average daily volume
Market cap
1.63B HKD
Beta
-0.19
Market reference 1
50-day average
HK$6.6765
+19.52% above average
200-day average
HK$8.3173
-4.06% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.33B CNY
P/E (TTM)
-5.7×
P/B (TTM)
1.88×
P/S (TTM)
0.18×
EV / EBITDA
-4.65×
Earnings yield
-18.00%
Free cash flow yield
-14.77%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
14.29%
Operating margin
-3.26%
Net margin
-3.11%
Return on equity
-36.32%
Return on assets
-25.67%
Return on invested capital
-35.31%

Financial health

Debt / equity
0.01×
Current ratio
3.07×
Altman Z-score
10.32
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 trends20%-12%-44%-75%Gross margin, FY2021: -24.18%Gross margin, FY2022: -10.66%Gross margin, FY2023: -6.96%Gross margin, FY2024: -1.44%Gross margin, FY2025: 11.88%Operating margin, FY2021: -67.44%Operating margin, FY2022: -41.04%Operating margin, FY2023: -27.48%Operating margin, FY2024: -19.63%Operating margin, FY2025: -5.52%Net margin, FY2021: -67.55%Net margin, FY2022: -45.81%Net margin, FY2023: -32.06%Net margin, FY2024: -22.90%Net margin, FY2025: -5.54%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -24.18%. Gross margin FY2022 -10.66%. Gross margin FY2023 -6.96%. Gross margin FY2024 -1.44%. Gross margin FY2025 11.88%. Operating margin FY2021 -67.44%. Operating margin FY2022 -41.04%. Operating margin FY2023 -27.48%. Operating margin FY2024 -19.63%. Operating margin FY2025 -5.52%. Net margin FY2021 -67.55%. Net margin FY2022 -45.81%. Net margin FY2023 -32.06%. Net margin FY2024 -22.90%. Net margin FY2025 -5.54%.

Income trends

Revenue

5.29B CNY+114.60%

Operating income

−291.8M CNY+39.64%

Net income

−293.04M CNY+48.06%
Income trends across reported periods5.88B CNY3.49B CNY1.1B CNY−1.29B CNYRevenue, FY2021: 1.01B CNYRevenue, FY2022: 1.37B CNYRevenue, FY2023: 2.16B CNYRevenue, FY2024: 2.46B CNYRevenue, FY2025: 5.29B CNYOperating income, FY2021: −683.48M CNYOperating income, FY2022: −561.64M CNYOperating income, FY2023: −593.85M CNYOperating income, FY2024: −483.45M CNYOperating income, FY2025: −291.8M CNYNet income, FY2021: −684.63M CNYNet income, FY2022: −626.78M CNYNet income, FY2023: −692.79M CNYNet income, FY2024: −564.18M CNYNet income, FY2025: −293.04M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.01B CNY. Revenue FY2022 1.37B CNY. Revenue FY2023 2.16B CNY. Revenue FY2024 2.46B CNY. Revenue FY2025 5.29B CNY. Operating income FY2021 −683.48M CNY. Operating income FY2022 −561.64M CNY. Operating income FY2023 −593.85M CNY. Operating income FY2024 −483.45M CNY. Operating income FY2025 −291.8M CNY. Net income FY2021 −684.63M CNY. Net income FY2022 −626.78M CNY. Net income FY2023 −692.79M CNY. Net income FY2024 −564.18M CNY. Net income FY2025 −293.04M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue5.29B CNY2.46B CNY2.16B CNY1.37B CNY1.01B CNY
Cost of goods sold4.66B CNY2.5B CNY2.31B CNY1.51B CNY1.26B CNY
Gross profit627.99M CNY−35.4M CNY−150.45M CNY−145.91M CNY−245.12M CNY
Research and development118.94M CNY141.36M CNY118.94M CNY105.4M CNY116.62M CNY
Selling, general, and administrative823.13M CNY331.92M CNY211.75M CNY197.56M CNY251.67M CNY
Operating expenses919.78M CNY448.05M CNY443.41M CNY415.73M CNY438.36M CNY
Interest income21.61M CNY—14.57M CNY12.5M CNY10.76M CNY
Interest expense905K CNY1.77M CNY2.62M CNY2.64M CNY1.15M CNY
Depreciation and amortization27.96M CNY18.67M CNY35.2M CNY22.77M CNY14.57M CNY
Operating income−291.8M CNY−483.45M CNY−593.85M CNY−561.64M CNY−683.48M CNY
Net income−293.04M CNY−564.18M CNY−692.79M CNY−626.78M CNY−684.63M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-1.49
FY2025
Latest fiscal-year revenue
5.29B CNY
FY2025 · +114.60% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend-0.87-3.35-5.83-8.31FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend5.71B4B2.3B586.24MFY21FY22FY23FY24FY25

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