Qiniu Limited (HK:2567)
:2567
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Qiniu Limited
(2567)
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Rating:46Neutral
Price Target:
HK$0.41
▼(-37.38% 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
Strong revenue acceleration
A sustained +460% top-line jump in 2025 signals meaningful demand traction and faster adoption of Qiniu's cloud services. Durable revenue momentum supports scale economics, incremental unit margins as volume grows, and gives management room to invest in product and customer expansion over the next 2–6 months.
Negative Factors
Persistent negative cash generation
Consistent negative operating and free cash flow means the company relies on external financing to fund operations and growth. Over 2–6 months this constrains discretionary investment, increases refinancing and dilution risk, and can limit the firm’s ability to sustain expansion if capital markets tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue acceleration
A sustained +460% top-line jump in 2025 signals meaningful demand traction and faster adoption of Qiniu's cloud services. Durable revenue momentum supports scale economics, incremental unit margins as volume grows, and gives management room to invest in product and customer expansion over the next 2–6 months.
Read all positive factors
Qiniu Limited (2567) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$861.51M
Dividend YieldN/A
Average Volume (3M)2.08M
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees388
SectorTechnology
Sector Strength88
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 Ratio0.26
Price to Book (P/B)3.66
Price to Sales (P/S)0.74
P/FCF Ratio-15.88
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
Qiniu Limited provides audiovisual cloud services in China. The company's principal products and services include media platform as a service (MPaaS) products, which include a range of audiovisual solutions, such as content delivery network, which...
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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 342.37M | 1.77B | 1.44B | 1.33B | 1.15B | 1.47B |
| Gross Profit | 70.54M | 326.46M | 283.82M | 280.25M | 228.64M | 291.18M |
| EBITDA | -131.79M | -17.90M | -396.62M | -245.05M | -110.53M | -122.87M |
| Net Income | -148.02M | -57.85M | -459.37M | -324.11M | -212.75M | -219.71M |
Balance Sheet | ||||||
| Total Assets | 858.27M | 1.14B | 1.20B | 859.78M | 904.08M | 1.09B |
| Cash, Cash Equivalents and Short-Term Investments | 273.49M | 402.24M | 519.46M | 274.25M | 290.36M | 337.35M |
| Total Debt | 247.40M | 207.35M | 223.37M | 211.94M | 197.74M | 162.97M |
| Total Liabilities | 4.02B | 781.57M | 766.82M | 3.88B | 3.58B | 3.32B |
| Stockholders Equity | -3.16B | 359.67M | 435.48M | -3.02B | -2.68B | -2.24B |
Cash Flow | ||||||
| Free Cash Flow | -6.36M | -82.81M | -124.17M | -15.45M | -87.48M | -273.51M |
| Operating Cash Flow | -6.27M | -46.62M | -118.13M | -3.84M | -71.34M | -91.49M |
| Investing Cash Flow | 70.04M | -48.80M | 42.02M | -14.88M | -62.49M | 144.45M |
| Financing Cash Flow | 6.21M | -21.39M | 356.37M | -4.70M | 20.82M | 98.05M |
Qiniu Limited Technical Analysis
Negative
0.65
Price Trends
0.46
Negative
0.53
Negative
0.80
Negative
Market Momentum
>-0.01
Positive
42.39
Neutral
3.85
Positive
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 0.47, above the 50-day MA of 0.46, and below the 200-day MA of 0.80, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.39 is Neutral, neither overbought nor oversold. The STOCH value of 3.85 is Positive, 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$1.12B | 20.79 | 8.56% | ― | 22.10% | -10.07% | |
63 Neutral | HK$296.07M | 21.27 | 3.68% | 7.24% | -7.58% | -36.30% | |
62 Neutral | HK$903.09M | 6.90 | 20.37% | ― | 87.51% | 901.59% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | HK$1.10B | -4.23 | -20.60% | 2.94% | 3.90% | -966.83% | |
48 Neutral | HK$254.40M | 32.98 | 1.16% | 5.22% | -11.32% | -85.52% | |
46 Neutral | HK$861.51M | -22.74 | -15.02% | ― | ― | ― |
* Technology Sector Average
HK:2567
Qiniu Limited
0.42
-0.57
-57.65%
HK:1480
Yan Tat Group Holdings Limited
1.08
0.13
13.68%
HK:3773
NNK Group Ltd
2.74
1.38
101.47%
HK:0046
Computer & Technologies Holdings Ltd.
1.22
-0.11
-8.61%
HK:6036
Apex Ace Holding Ltd.
0.80
0.29
56.86%
HK:6939
MEGAIN Holding (Cayman) Co. Ltd.
2.16
1.73
402.33%
Qiniu Limited Corporate Events
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...
Qiniu Narrows Losses and Turns Adjusted EBITDA Positive on AI-Driven Revenue Growth
Mar 20, 2026
Qiniu Limited reported strong top-line growth for 2025, with revenue rising 23.1% year on year to RMB1,768.7 million, driven by expanding client demand and accelerating adoption of AI-enabled solutions. AI-related revenue reached RMB437.3 million,...
Qiniu Sets March Board Meeting to Approve 2025 Annual Results
Mar 10, 2026
Qiniu Limited has scheduled a board meeting for March 20, 2026 to review and approve the audited consolidated annual results of the group for the financial year ended December 31, 2025, ahead of their public release. The announcement also reiterat...
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.