QINIU (02567) announced that it achieved a revenue of approximately 1.769 billion yuan in 2025, a year-on-year increase of 23.1%.

QINIU (02567) announced its performance in 2025, achieving revenue of approximately 1.769 billion, a year-on-year increase of 23.1%; gross profit of approximately 327 million, a year-on-year increase of 15.06%; the loss attributable to owners of the parent company was 57.87 million, a year-on-year decrease of 87.4%; adjusted EBITDA profit of 900,000, turning losses into profits year-on-year. As of December 31, 2025, the company's registered platform developer users have exceeded 1.8 million, with over 160,000 developer users using AI large model services. According to the announcement, the growth in revenue is partly due to the company's leading products and solutions continuously meeting the expanding business needs of customers, while using AI technology to improve efficiency and promote intelligent upgrades in its operations. In 2025, the company's AI-related revenue reached 437 million, accounting for 24.7% of total revenue during the same period. This is attributed to the company's role as an enabler of AI technology and developer ecosystems, building comprehensive product capabilities and solutions covering AI computing resources, AI large model platforms, and audio and video AI applications. These efforts continue to inject new momentum into business growth. The decrease in losses is mainly due to the decrease in losses caused by changes in the fair value of convertible redeemable preference shares, efforts to increase market share leading to increased revenue, and reduced expenses in sales and marketing, administration, and research and development under strong cost control measures.