Qinchuan IoT: Net loss of 117 million yuan in 2025

2026-03-04 23:38:03

Qinchuan IoT releases a performance brief, achieving a total revenue of 270 million yuan in 2025, a decrease of 15.76% year-on-year; net loss of 117 million yuan, compared to a loss of 65.2265 million yuan in the same period last year. The company’s IoT smart gas meters are affected by intensified domestic market competition, leading to declines in sales volume and unit price. Revenue from overseas gas markets and the smart sensor segment increased during the reporting period. These related businesses are in a critical stage of market development, with a low base in the early stages and long customer onboarding cycles, and have not yet achieved scale effects during the reporting period.

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