QingCloud Technologies Corp. (SHA:688316)

China · Delayed Price · Currency is CNY

44.80

-0.56 (-1.23%)

Sep 10, 2026, 3:00 PM CST

QingCloud Technologies Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	215.41	228.1	272.07	335.69	304.97	423.83
Revenue Growth	-5.53%	-16.16%	-18.95%	10.07%	-28.04%	-1.11%
Gross Profit	68.18	70.1	86.19	82.56	36.56	17.82
Operating Income	-54.69	-59.63	-90.95	-156.66	-249.95	-295.31
Net Income	-59.61	-66.66	-95.76	-170.07	-244.24	-282.79
Earnings Per Share	-1.24	-1.39	-2.00	-3.57	-5.15	-6.36
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cloud Products	100.43	126.44	186.66
Cloud Services	126.72	145.51	148.65
Total	227.15	271.96	335.32

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	25.92	48.51	238.29	227.02	253.65	465.96
Total Debt	113.69	183.9	302.56	190.32	149.69	200.01
Net Cash (Debt)	-87.77	-135.39	-64.27	36.7	103.96	265.95
Net Cash Growth	-	-	-	-64.70%	-60.91%	800.60%
Net Cash Per Share	-1.83	-2.83	-1.34	0.77	2.19	5.98

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-8.72	-21.46	-34.54	-110.47	-168.01	-204.05
Capital Expenditures	-3.24	-6.31	-112.89	-6.11	-17.33	-102.77
Free Cash Flow	-11.96	-27.77	-147.43	-116.58	-185.34	-306.82
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	31.65%	30.73%	31.68%	24.59%	11.99%	4.21%
Operating Margin	-25.39%	-26.14%	-33.43%	-46.67%	-81.96%	-69.67%
Pretax Margin	-27.40%	-28.81%	-35.20%	-50.74%	-80.04%	-67.14%
Profit Margin	-27.67%	-29.23%	-35.20%	-50.66%	-80.08%	-66.72%
FCF Margin	-5.55%	-12.17%	-54.19%	-34.73%	-60.77%	-72.39%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 10, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PS Ratio	10.09	12.64	5.89	7.37	4.39	5.62