QINIU (02567) announced its financial performance for the year 2025, achieving revenue of approximately 1.77 billion yuan, representing a year-on-year increase of 23.1%. Gross profit was about 327 million yuan, up 15.06% compared to the previous year. The loss attributable to owners of the parent company narrowed significantly to 57.87 million yuan, a decrease of 87.4% year-on-year. On an adjusted basis, the company reported an EBITDA profit of 0.9 million yuan, marking a turnaround from a loss in the prior year.
As of December 31, 2025, the number of registered platform developers exceeded 1.8 million, with over 160,000 developers having activated the large AI model services. The growth in revenue was attributed to the company's leading products and solutions, which continue to meet customers' expanding business demands while leveraging AI technology to enhance operational efficiency and drive intelligent upgrades.
In 2025, the company's AI-related revenue reached 437 million yuan, accounting for 24.7% of the total revenue during the period. This achievement is credited to QINIU's role as an enabler within the AI technology and developer ecosystem, offering comprehensive product capabilities and solutions that span AI computing resources, large AI model platforms, and audio-visual AI applications. These efforts continue to inject new momentum into business growth.
The reduction in losses was primarily due to a decrease in losses resulting from changes in the fair value of convertible redeemable preferred shares, increased revenue from efforts to expand market share, and reduced expenses in sales and marketing, administration, and research and development under stringent cost control measures.
Comments