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Qiniu Limited
(2567)
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Rating:46Neutral
Price Target:
HK$0.40
▼(-38.92% Downside)
Action:Reiterated
Date:05/14/26
The score is primarily constrained by weak financial quality—ongoing losses, low margins, and persistently negative operating/free cash flow—despite strong 2025 revenue growth and improving loss trajectory. Technicals are mixed with mild near-term momentum but clear longer-term downtrend versus the 100/200-day averages, and valuation metrics provided do not offer a reliable support signal.
Positive Factors
Revenue Growth Momentum
A +460% revenue surge in 2025 signals durable demand traction for Qiniu's cloud and content services and validates its consumption-based business model. Sustained top-line expansion increases scale benefits, supports investment in product and sales, and raises the probability of margin improvement over the next several quarters.
Negative Factors
Negative Cash Generation
Persistent negative OCF and FCF mean Qiniu remains reliant on external capital to fund operations and growth. Structural cash burn limits the company's ability to self-finance capex or sales expansion, increases refinancing and dilution risk, and can constrain strategic flexibility until cash generation turns sustainably positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Momentum
A +460% revenue surge in 2025 signals durable demand traction for Qiniu's cloud and content services and validates its consumption-based business model. Sustained top-line expansion increases scale benefits, supports investment in product and sales, and raises the probability of margin improvement over the next several quarters.
Read all positive factors
Qiniu Limited (2567) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$811.43M
Dividend YieldN/A
Average Volume (3M)2.08M
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees388
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)N/A
Shares Outstanding2,003,520,300
10 Day Avg. Volume2,024,200
30 Day Avg. Volume2,079,133
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)3.29
Price to Sales (P/S)0.67
P/FCF Ratio-14.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Qiniu Limited Business Overview & Revenue Model
Company Description
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 compre...
How the Company Makes Money
Qiniu Limited makes money primarily by charging customers for usage of its cloud services. Key revenue streams typically include fees tied to consumption-based metrics (such as data storage volume, data transfer/bandwidth for content delivery, and...
Qiniu Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
52
Neutral
Cash Flow
35
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.77B | 1.35B | 1.21B | 1.01B | 1.20B |
| Gross Profit | 326.46M | 266.57M | 253.78M | 200.77M | 237.60M |
| EBITDA | -17.90M | -372.50M | -221.91M | -97.05M | -100.27M |
| Net Income | -57.85M | -431.44M | -293.50M | -186.82M | -179.28M |
Balance Sheet | |||||
| Total Assets | 1.14B | 1.13B | 778.59M | 793.87M | 885.41M |
| Cash, Cash Equivalents and Short-Term Investments | 402.24M | 487.88M | 248.35M | 254.97M | 275.28M |
| Total Debt | 207.35M | 209.79M | 191.92M | 173.64M | 132.98M |
| Total Liabilities | 781.57M | 720.20M | 3.51B | 3.14B | 2.71B |
| Stockholders Equity | 359.67M | 409.00M | -2.73B | -2.35B | -1.83B |
Cash Flow | |||||
| Free Cash Flow | -82.81M | -116.62M | -13.99M | -76.81M | -223.19M |
| Operating Cash Flow | -46.62M | -110.95M | -3.47M | -62.65M | -74.66M |
| Investing Cash Flow | -48.80M | 39.46M | -13.48M | -54.87M | 117.87M |
| Financing Cash Flow | -21.39M | 334.70M | -4.26M | 18.28M | 80.01M |
Qiniu Limited Technical Analysis
Negative
0.65
Price Trends
0.44
Negative
0.45
Negative
0.66
Negative
Market Momentum
>-0.01
Negative
46.19
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2567, the sentiment is Negative. The current price of 0.65 is above the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.44, and below the 200-day MA of 0.66, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.19 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2567.
Qiniu Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$508.08M | 7.54 | 11.41% | 2.12% | 8.60% | 79.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | HK$811.43M | -8.88 | -16.12% | ― | ― | ― | |
43 Neutral | HK$2.45B | -7.50 | -18.74% | ― | 23.91% | 55.97% | |
39 Underperform | HK$27.35B | -4.13 | 1.51% | ― | 3.32% | -126321.93% |
* General Sector Average
HK:2567
Qiniu Limited
0.41
-0.53
-56.45%
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Unisound AI Technology Co., Ltd.
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Qiniu Limited Corporate Events
Qiniu Clarifies Pricing Policy for Alipay HK Cloud Service Deal
Jun 16, 2026
Qiniu Limited has issued a supplemental announcement detailing the pricing policy for its continuing connected transaction with Alipay HK under a cloud service contract. Its subsidiary Superstify Technology will provide AI and related technical cl...
Qiniu Unit Signs Three-Year AI Cloud Service Deal With Alipay HK
May 26, 2026
Qiniu Limited’s indirect wholly owned subsidiary Superstify Technology has signed a three-year cloud service contract with Alipay (Hong Kong) Holding Limited, under which it will supply AI and other related technical services in return for s...
Qiniu Shareholders Unanimously Approve AGM Resolutions and Capital Mandates
May 15, 2026
Qiniu Limited reported that all resolutions at its annual general meeting on May 15, 2026, were approved by shareholders through a poll, with each motion receiving 100% of votes cast in favour. The meeting adopted the audited financial statements ...
Qiniu Grants 23.5 Million Existing Shares Under 2025 Award Scheme
Apr 24, 2026
Qiniu Limited has approved the grant of 23,513,000 existing shares at no purchase price under its 2025 Share Award (Existing Shares) Scheme to 44 eligible participants, including two directors and other employees. The closing price of the shares p...
Qiniu Renews Three-Year Cloud Services Framework with Alibaba Cloud
Apr 24, 2026
Qiniu Limited has renewed its framework agreement with Alibaba Cloud Computing, under which the company and its subsidiaries will continue to purchase cloud services and electronic equipment from Alibaba Cloud for another three years. The renewed ...
Qiniu Sets 2026 AGM to Approve Results, Board Changes and Share Buyback Mandate
Apr 15, 2026
Qiniu Limited has called its 2026 annual general meeting for May 15, 2026, in Shanghai, where shareholders will review and adopt the audited consolidated financial statements and directors’ and auditor’s reports for the year ended Dece...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.