C 
Chengdu Qinchuan IoT Technology Co 688528.SS · CNY
Information Technology · Shanghai · 🇨🇳 China
8.37
-1.30%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥270.0m
FY2016FY2025
Net income
−CN¥117.1m
FY2016FY2025
Free cash flow
−CN¥39.0m
FY2016FY2025
Shareholders' equity
CN¥456.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥270.0m | CN¥320.5m | CN¥327.0m | CN¥367.9m | CN¥305.7m | CN¥302.1m | CN¥244.9m | CN¥202.7m | CN¥161.1m | CN¥120.5m |
| Research and development | CN¥56.3m | CN¥64.1m | CN¥63.5m | CN¥50.4m | CN¥37.6m | CN¥24.3m | CN¥23.1m | CN¥17.5m | CN¥14.1m | CN¥12.2m |
| Operating income | −CN¥111.6m | −CN¥89.1m | −CN¥80.3m | −CN¥8.1m | CN¥20.5m | CN¥50.3m | CN¥50.9m | CN¥50.6m | CN¥15.3m | CN¥31.4m |
| Net income | −CN¥117.1m | −CN¥65.2m | −CN¥59.2m | CN¥1.4m | CN¥29.2m | CN¥46.2m | CN¥44.2m | CN¥44.4m | CN¥9.8m | CN¥34.4m |
| Diluted earnings per share | -0.75 | -0.43 | -0.36 | 0.02 | 0.15 | 0.28 | 0.37 | 0.34 | 0.06 | 0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥814.8m | CN¥908.0m | CN¥1.01bn | CN¥1.04bn | CN¥990.5m | CN¥990.3m | CN¥474.4m | CN¥391.3m | CN¥272.6m | CN¥218.5m |
| Cash and short-term investments | — | CN¥86.8m | CN¥177.7m | CN¥268.2m | CN¥296.7m | CN¥400.6m | CN¥39.9m | CN¥21.7m | CN¥24.0m | CN¥26.4m |
| Total liabilities | CN¥356.7m | CN¥361.4m | CN¥322.5m | CN¥293.2m | CN¥231.8m | CN¥235.6m | CN¥182.5m | CN¥143.7m | CN¥98.9m | CN¥86.8m |
| Debt | CN¥14.1m | CN¥122.3m | CN¥57.4m | CN¥97.6m | CN¥30.0m | CN¥30.0m | CN¥10.0m | CN¥7.0m | CN¥7.0m | CN¥15.0m |
| Shareholders' equity | CN¥456.4m | CN¥545.5m | CN¥690.7m | CN¥749.9m | CN¥758.6m | CN¥754.6m | CN¥291.8m | CN¥247.6m | CN¥173.7m | CN¥131.7m |
| Shares outstanding | 157m | 153m | 164m | 89m | 195m | 168m | 119m | 132m | 157m | 157m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥16.0m | CN¥14.5m | −CN¥39.7m | CN¥19.1m | −CN¥27.0m | −CN¥2.5m | CN¥53.3m | CN¥34.2m | CN¥34.7m | CN¥39.4m |
| Capital spending | −CN¥23.0m | −CN¥17.5m | −CN¥63.1m | −CN¥81.3m | −CN¥76.3m | −CN¥65.7m | −CN¥34.5m | −CN¥61.4m | −CN¥23.3m | −CN¥31.6m |
| Free cash flow | −CN¥39.0m | −CN¥3.0m | −CN¥102.9m | −CN¥62.2m | −CN¥103.3m | −CN¥68.2m | CN¥18.8m | −CN¥27.2m | CN¥11.4m | CN¥7.7m |
| Dividends paid | −CN¥4.3m | −CN¥4.5m | −CN¥4.1m | −CN¥13.2m | −CN¥26.6m | −CN¥1.4m | −CN¥1.4m | −CN¥382,740 | −CN¥23.7m | −CN¥49.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥83.2m | CN¥62.0m | CN¥50.9m | CN¥91.5m | CN¥71.4m | CN¥56.2m | CN¥58.9m | CN¥72.4m |
| Operating income | −CN¥17.2m | −CN¥19.6m | −CN¥46.0m | −CN¥9.6m | −CN¥29.7m | −CN¥28.5m | −CN¥31.7m | −CN¥27.6m |
| Net income | −CN¥19.1m | −CN¥23.5m | −CN¥47.2m | −CN¥9.0m | −CN¥31.0m | −CN¥29.8m | −CN¥23.3m | −CN¥22.3m |
| Diluted earnings per share | -0.12 | -0.15 | -0.30 | -0.06 | -0.20 | -0.19 | -0.15 | -0.15 |
| Cash from operations | — | — | — | — | −CN¥20.0m | −CN¥25.0m | — | CN¥9.0m |
| Capital spending | — | −CN¥7.0m | −CN¥9.0m | — | −CN¥5.0m | −CN¥4.0m | −CN¥5.0m | −CN¥3.0m |
| Free cash flow | — | — | — | — | −CN¥25.0m | −CN¥29.0m | — | CN¥6.0m |
| Total assets | CN¥793.7m | CN¥801.9m | CN¥814.8m | CN¥850.8m | CN¥828.4m | CN¥894.4m | CN¥908.0m | CN¥920.3m |
| Cash and short-term investments | — | — | — | CN¥77.7m | CN¥38.7m | CN¥88.3m | CN¥86.8m | CN¥35.3m |
| Debt | CN¥4.8m | CN¥4.8m | CN¥14.1m | CN¥89.1m | CN¥72.8m | CN¥122.2m | CN¥113.5m | CN¥83.5m |
| Shareholders' equity | CN¥433.6m | CN¥445.1m | CN¥456.4m | CN¥495.9m | CN¥484.6m | CN¥515.6m | CN¥545.5m | CN¥568.8m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -41.3% | -25.9% | -23.5% | -0.9% | 9.8% | 17.6% |
| Net margin | -43.4% | -20.4% | -18.1% | 0.4% | 9.6% | 15.3% |
| Return on equity | -25.7% | -12.0% | -8.6% | 0.2% | 3.8% | 6.1% |
| Return on assets | -14.4% | -7.2% | -5.8% | 0.1% | 2.9% | 4.7% |
| Free cash flow yield | 0.5% | 2.5% | 1.7% | 13.6% | 3.1% | 4.6% |
| Revenue growth | -15.8% | -2.0% | -11.1% | 20.4% | 1.2% | 23.3% |
| Earnings growth | 79.6% | 10.1% | -4420.2% | -95.3% | -36.7% | 4.4% |
| Current ratio | 1.21x | 1.42x | 1.72x | 2.71x | 2.89x | 3.07x |
| Debt to equity | 0.03x | 0.21x | 0.18x | 0.12x | -0.02x | 0.04x |
| Equity ratio | 56.0% | 60.1% | 68.1% | 71.9% | 76.6% | 76.2% |
| Interest coverage | -19.71x | -16.85x | -17.16x | -0.99x | 21.32x | 31.09x |
| R&D as a share of sales | 20.8% | 20.0% | 19.4% | 13.7% | 12.3% | 8.0% |
| Buybacks as a share of market value | -2.6% | 7.0% | -83.8% | 54.1% | -16.2% | -41.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.8% | -2.2% | — |
| Operating income | 140.1% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -14.4 | -20.5 | -30.6 | — | 87.3 | 59.3 |
| Price to sales | 6.3 | 4.2 | 5.5 | 2.5 | 8.3 | 9.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Jul 2022.
| FY2022 | FY2021 | |
|---|---|---|
| Paid in the year | 0.06 | 0.15 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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