Qingdao AInnovation Technology Group Co. Ltd Class H (2121) AI Stock Analysis

• Market Cap: HK$4.00B
• Dividend Yield: N/A
• Average Volume (3M): 2.69M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.84
• Revenue Growth: -3.78%
• EPS Growth: 20.83%
• Country: HK
• Employees: 962
• Sector: Technology
• Sector Strength: 86
• Industry: Software - Infrastructure
• EPS (TTM): -0.11
• Shares Outstanding: 563,544,430
• 10 Day Avg. Volume: 2,697,397
• 30 Day Avg. Volume: 2,685,025
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$5.50
• Price Target Upside: -29.03% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 42 Neutral
• Price Target: HK$5.50 ▼(-29.03% Downside)

The overall stock score reflects the company's significant financial difficulties, primarily due to declining revenue and negative profitability. While the stock shows some technical strength, the lack of profitability and concerning cash flow position overshadow these positives.

Qingdao AInnovation Technology Group Co. Ltd Class H Business Overview & Revenue Model

Company Description

Qingdao AInnovation Technology Group Co., Ltd., together with its subsidiaries, engages in the research, development, and sale of artificial intelligence-based software and hardware technology solutions in China. The company develops ManuVision Intelligent Machine Vision platform, an edge-based machine vision inspection software system; MatrixVision Intelligent Edge Video platform that systematically combines edge computing and deep learning; and Orion Distributed Machine Learning platform, a machine learning platform. It serves manufacturing, financial, and other industries. The company was formerly known as Shenzhen AInnovation Technology Co., Ltd. and changed its name to Qingdao AInnovation Technology Group Co., Ltd. in December 2020. Qingdao AInnovation Technology Group Co., Ltd. was incorporated in 2018 and is headquartered in Qingdao, China.

How the Company Makes Money

Qingdao AInnovation Technology Group Co. Ltd generates revenue primarily through the sale of its AI solutions and services. The company offers AI platforms and intelligent hardware that are sold to businesses across multiple industries, including smart cities, finance, retail, and manufacturing. Additionally, the company provides customized AI solutions tailored to the specific needs of its clients, which often involve system integration, consulting, and ongoing support services. Revenue is also bolstered through strategic partnerships and collaborations with other technology firms and industry leaders, allowing the company to expand its market reach and enhance its product offerings.

Qingdao AInnovation Technology Group Co. Ltd Class H Financial Statement Overview

Summary

The company is facing significant financial challenges with declining revenue and profitability. Despite a strong equity position and low financial leverage, negative cash flows and operational inefficiencies pose risks to sustainability.

Income Statement

The company has experienced declining revenue with a negative revenue growth rate over the past year. Gross profit margin has decreased from 33.6% to 34.6%, but the net profit margin remains negative due to substantial net losses. EBIT and EBITDA margins are negative, indicating operational challenges and insufficient revenue to cover operating expenses.

Balance Sheet

The company maintains a strong equity position with a debt-to-equity ratio of 0.12, indicating low financial leverage. Despite a slight decline in stockholders' equity, the company has a high cash balance, contributing to a negative net debt. However, the equity ratio has decreased, reflecting reduced asset coverage by equity.

Cash Flow

The cash flow situation is concerning, with operating cash flow consistently negative and no free cash flow growth. The company's inability to generate positive cash flow from operations raises concerns about its ability to sustain operations without external funding.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.22B	1.75B	1.56B	861.17M	462.32M
Gross Profit	423.07M	588.49M	507.08M	267.24M	134.62M
EBITDA	-360.91M	-478.39M	-281.06M	-597.75M	-271.00M
Net Income	-593.81M	-582.34M	-361.16M	-635.12M	-360.63M
Balance Sheet
Total Assets	2.62B	3.29B	3.27B	2.26B	1.40B
Cash, Cash Equivalents and Short-Term Investments	1.22B	1.45B	1.80B	1.59B	1.05B
Total Debt	181.06M	156.39M	147.70M	87.57M	14.69M
Total Liabilities	910.90M	1.07B	909.47M	469.60M	1.91B
Stockholders Equity	1.54B	2.03B	2.27B	1.79B	-517.91M
Cash Flow
Free Cash Flow	-39.80M	-186.59M	-325.90M	-288.77M	-192.71M
Operating Cash Flow	-35.79M	-180.32M	-304.30M	-236.77M	-174.21M
Investing Cash Flow	-29.71M	-188.70M	-292.81M	-46.99M	-19.23M
Financing Cash Flow	-74.02M	75.83M	685.69M	800.16M	630.31M

Qingdao AInnovation Technology Group Co. Ltd Class H Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2121, the sentiment is Positive. The current price of 7.75 is above the 20-day moving average (MA) of 6.50, above the 50-day MA of 6.31, and above the 200-day MA of 5.49, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 74.57 is Negative, neither overbought nor oversold. The STOCH value of 88.34 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2121.

Qingdao AInnovation Technology Group Co. Ltd Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$36.05B	6.66	-10.61%	1.86%	8.68%	-8.81%
9959	55 Neutral	HK$4.82B	―	-12.22%	―	11.43%	-94.89%
6682	54 Neutral	HK$31.17B	―	-3.20%	―	―	―
9923	52 Neutral	HK$5.59B	49.11	3.35%	―	-9.32%	477.27%
2121	42 Neutral	HK$4.00B	―	-27.20%	―	-3.78%	20.83%
6B5	―	€975.63M	15.87	5.87%	―	―	―
2598	47 Neutral	HK$16.94B	―		―	―	―

Qingdao AInnovation Technology Group Co. Ltd Class H Corporate Events

AInnovation Forms Joint Venture with Hunlicar for AI and Blockchain Advancements

AInnovation Technology Group Co., Ltd has formed a joint venture with Hunlicar Group Limited, named HUNLICAR CHAINNOVATION LIMITED, to enhance its capabilities in AI and blockchain applications for the financial services sector. This collaboration aims to leverage Hunlicar’s industrial experience and AInnovation’s AI expertise to develop smart blockchain applications, promote real-world asset tokenization, and support the transition of financial institutions to Web 3.0, thereby enhancing AInnovation’s competitiveness in ‘AI + Financial Services’.

AInnovation Technology Group Schedules Board Meeting for Interim Results

AInnovation Technology Group Co., Ltd has announced a board meeting scheduled for August 22, 2025, to discuss and approve the unaudited interim results for the first half of 2025. The meeting will also consider the recommendation of an interim dividend and address other business matters, potentially impacting the company’s financial strategies and shareholder returns.

AInnovation Technology Group Announces Share Repurchase to Boost Shareholder Value

AInnovation Technology Group Co., Ltd has announced a share repurchase program, buying back 1,488,000 shares in July 2025 for HK$8,947,060 under a mandate allowing up to RMB100 million in repurchases. This move is intended to demonstrate confidence in the company’s business outlook and create value for shareholders, with the board ensuring that financial resources remain sufficient to support this initiative while maintaining a healthy financial position.

AInnovation Technology Group Announces Share Repurchase

AInnovation Technology Group Co., Ltd has announced the repurchase of 2,802,200 shares from the open market in June 2025, amounting to HK$16,662,126. This move, under the Share Repurchase Mandate, reflects the company’s confidence in its business outlook and is intended to create value for shareholders while maintaining a healthy financial position. The repurchase is subject to market conditions and the discretion of the Board, with no guarantees on the specifics of future repurchases.

Qingdao AInnovation Partners with KEENON Robotics for Industrial Robotics Advancement

Qingdao AInnovation Technology Group Co. Ltd has entered into a strategic cooperation agreement with KEENON Robotics to jointly develop and promote embodied intelligent robotic solutions for industrial applications. This collaboration aims to accelerate the transition from automation to intelligence in manufacturing by establishing a Joint R&D Laboratory and leveraging KEENON Robotics’ capabilities in R&D, intelligent manufacturing, and global deployment. The partnership is expected to drive innovative applications and commercial implementation of robotic solutions in industrial settings.

AInnovation Partners with KUKA Robotics to Innovate Intelligent Manufacturing

Qingdao AInnovation Technology Group Co. Ltd has entered into a cooperation agreement with KUKA Robotics, a leading industrial robot manufacturer, to integrate AI technologies with industrial robots. This collaboration aims to develop a new generation of intelligent industrial robot systems and expand market opportunities, enhancing the application of AI-driven manufacturing solutions.