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Qiniu Limited (2567) AI Stock Analysis

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HK:2567

Qiniu Limited

(HKEX:2567)

Select Model
Rating:43Neutral
Price Target:HKD 0.31â–²(1.29% Upside)
Action:reiterated
Date:10/28/26

The score is weighed down primarily by weak financial quality—ongoing losses, low margins, and persistently negative operating and free cash flow—despite a sharp rebound in revenue growth. Technicals add further pressure as the stock trades below major moving averages with negative MACD. Valuation contributes limited support because earnings are negative and no dividend yield is available.

Positive Factors
Revenue accelerationThe sharp 2025 revenue acceleration indicates materially stronger commercial momentum and expanding business activity. If this growth persists beyond the reported period, it could improve operating leverage, support greater scale, and strengthen the company’s ability to fund investment in its software platform.
Negative Factors
Persistently negative cash flowPersistent negative operating and free cash flow means the business is not yet funding its activities internally. Continued cash consumption can require external capital or balance-sheet resources, constrain investment flexibility, and increase financial risk if growth does not translate into cash generation.

Qiniu Limited (2567) vs. iShares MSCI Hong Kong ETF (EWH)

-60%-40%-20%0%20%HK:2567-57.53%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 621.09M
Dividend Yield
―
Average Volume (3M)
672.62K
Price to Earnings (P/E)
-11.8
Beta (1Y)
1.23
Revenue Growth
―
EPS Growth
―
Country
Hong Kong
Employees
362
Sector
General
Sector Strength
55
Industry
Software - Infrastructure

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 comprehen...

How the Company Makes Money

null

Qiniu Limited Financial Statement Overview

Summary

Strong 2025 revenue acceleration (+460%) and a meaningful narrowing of losses point to improving operations, but profitability is still weak with low, flat gross margins (~18–21%), ongoing net losses, and consistently negative operating/free cash flow. Balance sheet leverage is moderate recently, yet prior negative equity (2021–2023) highlights historical capital structure fragility.

Income Statement

46Neutral

Balance Sheet

52Neutral

Cash Flow

35Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.84B1.77B1.35B1.21B1.01B1.20B
Gross Profit331.17M326.46M266.57M253.78M200.77M237.60M
EBITDA23.23M-7.72M-372.50M-221.91M-97.05M-100.27M
Net Income-39.81M-57.85M-431.44M-293.50M-186.82M-179.28M
Balance Sheet
Total Assets1.17B1.14B1.13B778.59M793.87M885.41M
Cash, Cash Equivalents and Short-Term Investments316.67M402.24M487.88M248.35M254.97M275.28M
Total Debt237.39M207.35M209.79M191.92M173.64M132.98M
Total Liabilities836.76M781.57M720.20M3.51B3.14B2.71B
Stockholders Equity337.47M359.67M435.48M-2.73B-2.35B-1.83B
Cash Flow
Free Cash Flow-15.25M-82.81M-116.62M-13.99M-76.81M-223.19M
Operating Cash Flow7.49M-46.62M-110.95M-3.47M-62.65M-74.66M
Investing Cash Flow94.97M-48.80M39.46M-13.48M-54.87M117.87M
Financing Cash Flow-16.07M-21.39M334.70M-4.26M18.28M80.01M

Qiniu Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.31

Price Trends

50DMA0.35Negative
100DMA0.37Negative
200DMA0.43Negative

Market Momentum

MACD-0.01Positive
RSI31.74Neutral
STOCH19.83Positive

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 0.31 is below the 20-day moving average (MA) of 0.36, below the 50-day MA of 0.35, and below the 200-day MA of 0.43, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 31.74 is Neutral, neither overbought nor oversold. The STOCH value of 19.83 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

HK:2567 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:2167HK:216782OutperformHKD 696.00M7.2214.66%2.50%9.40%79.53%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
HK:2567HK:256743NeutralHKD 621.09M-11.85-11.42%―――
HK:2121HK:212139UnderperformHKD 1.90B-5.60-22.29%―26.08%38.72%
HK:2718HK:271835UnderperformHKD 4.07B-0.56-261.95%―9.21%-5994.15%

* General Sector Average

Performance Comparison

-75%-50%-25%0%HK:2567HK:2121HK:2167HK:2391HK:9678HK:2718Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:2567 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2567Qiniu Limited0.31-0.47-60.26%
HK:2121AInnovation Technology Group Co., Ltd.3.37-3.18-48.63%
HK:2167TI Cloud Inc.4.00-2.00-33.36%
HK:2391Tuya, Inc. Class A12.04-5.49-31.31%
HK:9678Unisound AI Technology Co., Ltd.51.70-474.30-90.17%
HK:2718Mininglamp Technology Class A26.60-264.00-90.85%

Qiniu Limited Corporate Events

Qiniu Narrows Loss as AI Cloud Growth Lifts Interim Revenue

Aug 26, 2026

Qiniu Limited reported that group revenue rose 8.3% year-on-year to RMB898.6 million for the six months ended June 30, 2026, driven mainly by strong growth in its AI Cloud business as customers increased spending on model-as-a-service and AI infrastr...

Qiniu Limited Sets Board Meeting to Approve Interim 2026 Results

Aug 14, 2026

Qiniu Limited has scheduled a board meeting for August 26, 2026 to review and approve the group’s consolidated interim results for the six months ended June 30, 2026 and to arrange their publication. The announcement signals the upcoming disclo...

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.

Date of analysis: Oct 28, 2026