Core Viewpoint - Qiniu Intelligent (02567) has seen a stock price increase of over 6%, currently trading at 0.68 HKD, with a transaction volume of 1.4298 million HKD, reflecting strong market interest in the company's developments in the AI sector [1] Group 1: Company Performance - Qiniu Intelligent is a leading enterprise in audio and video cloud storage, actively expanding its presence in the multimodal AI field [1] - In the first half of this year, AI-related revenue reached 184 million CNY, accounting for 22.2% of total revenue, primarily driven by AI inference services and computing resource leasing [1] - As of August 2025, the number of developers on the Qiniu platform has exceeded 1.69 million, with a continuous increase in new registrations and a growing demand for AI application development inference computing [1] Group 2: Shareholder Commitment - In October, Qiniu announced that founder and CEO Xu Shiwei, along with non-executive director Lv Guihua, committed not to sell their shares for 12 months starting from October 16, 2025 [1] - Following this, cornerstone investor He Shun also extended a similar lock-up commitment, with the three parties collectively holding 25.13% of the shares [1] - This voluntary lock-up commitment signals confidence from the founders and executives in the company's future development prospects and long-term value, providing reassurance to investors [1]

Group 1 - Qiniu Intelligent (02567) saw a stock increase of over 6%, reaching 0.68 HKD with a trading volume of 1.4298 million HKD [1] - The company is a leading player in audio and video cloud storage, actively expanding in the multimodal AI sector [1] - In the first half of this year, Qiniu's AI-related revenue reached 184 million CNY, accounting for 22.2% of total revenue, primarily from AI inference services and computing resource leasing [1] Group 2 - As of August 2025, the number of developers on Qiniu's platform exceeded 1.69 million, with a continuous increase in new registrations [1] - The demand for AI application development inference computing power is rising, with AI-related users growing rapidly to 15,000 [1] - In October, Qiniu announced that its founder and CEO Xu Shiwei, along with non-executive director Lv Guihua, committed not to sell their shares for 12 months starting from October 16, 2025 [1] Group 3 - The cornerstone investor, He Shun, also extended a similar lock-up commitment, with the three parties collectively holding 25.13% of the shares [1] - This voluntary lock-up commitment reflects the confidence of the founder and executives in the company's future development and long-term value, providing reassurance to investors [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 七牛智能科技有限公司 呈交日期: 2025年11月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02567 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.0001 | USD | | 500,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | | | 本月底結存 | | | 5,000,000,000 | USD | | 0.0001 | USD | | 500,000 | 本月底法定/註冊 ...

Core Viewpoint - Qiniu Smart's management commitment to not sell shares for 12 months signals confidence in the company's long-term value and future prospects, which is crucial amid market volatility and uncertainties in the US-China trade relations [1][2]. Group 1: Management Commitment - The founder and CEO, Xu Shiwei, and non-executive director, Lv Guihua, have pledged not to sell their shares for 12 months starting from October 16, 2025, holding a combined 21.93% of the company's issued share capital [1]. - Qiniu Smart's cornerstone investor, He Shun, has also extended a similar lock-up commitment, bringing the total shareholding of the three parties to 25.13% [1]. Group 2: Financial Performance - In the first half of 2025, Qiniu Smart achieved revenue of 829 million yuan, representing a year-on-year growth of 16.8%, while adjusted EBITDA significantly narrowed to -3.5 million yuan, a decrease of 64.6% [2]. - The company has been focusing on three main product lines: Media Cloud, AI Cloud, and LinX Cloud, with a recent push into AI inference computing products [2]. Group 3: AI Development and Market Position - In the first half of 2025, AI-related revenue reached 184 million yuan, accounting for 22.2% of total revenue, primarily from AI inference services and computing resource leasing [3]. - As of August 2025, the developer community on Qiniu Smart's platform exceeded 1.69 million, with a growing number of AI application developers and a rapid increase in AI-related users to 15,000 [3]. - The company's advancements in multi-modal AI demonstrate its competitive advantages and potential for future growth, reinforcing its long-term value for investors [3].

Core Viewpoint - Qiniu Smart's management commitment to not sell shares for 12 months signals confidence in the company's long-term value and future prospects, which is crucial in the context of market volatility and stock unlock dates [1][2]. Group 1: Management Commitment - The founder and CEO Xu Shiwei, along with non-executive director Lv Guihua, have pledged not to sell their shares from October 16, 2025, for 12 months, holding a combined 3.29 billion shares and 1.08 billion shares respectively, representing 21.93% of the company's issued share capital [1]. - Qiniu Smart's cornerstone investor He Shun has also extended a similar lock-up commitment, bringing the total shareholding of the three parties to 25.13% [1]. Group 2: Financial Performance - In the first half of 2025, Qiniu Smart achieved revenue of 829 million yuan, a year-on-year increase of 16.8%, while adjusted EBITDA significantly narrowed by 64.6% to -3.5 million yuan [2]. - The company has been focusing on three main product lines: Media Cloud, AI Cloud, and LinX Cloud, with a new push into AI inference computing products [2]. Group 3: AI Development and Market Position - In the first half of 2025, AI-related revenue reached 184 million yuan, accounting for 22.2% of total revenue, primarily from AI inference services and computing resource leasing [3]. - As of August 2025, Qiniu Smart's developer community exceeded 1.69 million, with a growing number of registered users and a rapid increase in AI application developers, reaching 15,000 [3]. - These advancements highlight Qiniu Smart's competitive advantages in the multi-modal AI sector and lay a solid foundation for future growth, enhancing the company's long-term value and potential returns for investors [3].

Group 1 - The core point of the announcement is that the founder and CEO of Qiniu Intelligent, Xu Shiwei, and non-executive director, Lv Guihua, have committed not to sell their shares for 12 months starting from October 16, 2025, holding a combined 21.93% of the company's issued share capital [1] - Qiniu Intelligent's cornerstone investor, He Shun, has also extended a lock-up commitment for the same period, bringing the total shareholding of the three parties to 25.13% [1] Group 2 - Qiniu Intelligent is a leading company in audio and video cloud storage, actively expanding in the multimodal AI sector [2] - In the first half of 2025, Qiniu Intelligent's AI-related revenue reached 184 million yuan, accounting for 22.2% of total revenue, primarily from AI inference services and computing resource leasing [2] - As of August 2025, the number of developers on Qiniu Intelligent's platform exceeded 1.69 million, with a growing number of new registrations and an increasing demand for AI application development inference computing power, leading to a rapid rise in AI-related users to 15,000 [2] - These developments highlight Qiniu Intelligent's competitive advantages and potential in the multimodal AI field, laying a solid foundation for future growth [2] - The company's ongoing technological innovation and market expansion will further enhance its long-term value, providing investors with sustained growth potential and returns [2]

Core Viewpoint - Qiniu Intelligent (2567.HK) announced a voluntary lock-up commitment from its founder and CEO Xu Shiwei, and non-executive director Lv Guihua, to not sell their shares for 12 months starting from October 16, 2025, which reflects confidence in the company's long-term value [1] Group 1: Management Commitments - The management's commitment to a voluntary lock-up is seen as a positive signal for investor confidence, especially in a volatile market environment [1][2] - The total shares held by Xu Shiwei and Lv Guihua, along with cornerstone investor He Shun, account for 25.13% of the company's issued share capital [1] Group 2: Financial Performance - In the first half of 2025, Qiniu Intelligent achieved revenue of 829 million yuan, representing a year-on-year growth of 16.8%, while adjusted EBITDA significantly narrowed to -3.5 million yuan [2] - AI-related revenue reached 184 million yuan, contributing 22.2% to total revenue, primarily from AI inference services and computing resource leasing [3] Group 3: Product Development and Market Position - Qiniu Intelligent has three main product lines: Media Cloud, AI Cloud, and LinX Cloud, with a focus on expanding into the AI hardware market [2] - As of August 2025, the developer community on Qiniu's platform exceeded 1.69 million, with a rapid increase in AI application developers, indicating strong demand for AI inference computing [3]

Company News - China Coal Energy (01898.HK) reported a coal sales volume of approximately 190 million tons for the first nine months, a year-on-year decrease of 7.4%. In September, coal sales volume was 19.66 million tons, down 20.1% year-on-year [1] - China Southern Airlines (01055.HK) saw a 4.43% year-on-year increase in passenger capacity in September, with passenger turnover rising by 5.25%. The passenger load factor was 86.30%, an increase of 0.67 percentage points year-on-year. Cargo and mail turnover increased by 1.91% year-on-year [1] - China Eastern Airlines (00670.HK) reported a 3.63% year-on-year increase in passenger capacity for September, with passenger turnover up 8.67%. The passenger load factor was 87.57%, an increase of 4.06 percentage points year-on-year. Cargo and mail turnover rose by 10.95% year-on-year [1] - China Resources Power (00836.HK) achieved a cumulative electricity sales volume of 161 million MWh for the first nine months, an increase of 4.2% year-on-year, with wind power sales up 10.3% and solar power sales up 35.1% year-on-year [1] - Hopson Development Holdings (00754.HK) reported a total contract sales amount of 11.264 billion yuan for the first nine months, a year-on-year decrease of 12.62% [1] - China Design Group (01599.HK) won important project bids totaling approximately 3.175 billion yuan in the third quarter [1] - Jiumaojiu International Holdings (09922.HK) reported table turnover rates for its brands in the third quarter: 3.3 for Taier (self-operated only), 2.4 for Song Hotpot, and 2.5 for Jiumaojiu (self-operated only). Same-store average daily sales decreased by 9.3%, 19.1%, and 14.8% year-on-year, respectively, with the decline continuing to narrow [1][1] Financing and Buyback Activities - Xiaomi Group-W (01810.HK) repurchased 2 million shares for a total of approximately 98.9589 million HKD, with a repurchase price range of 49.42 to 49.54 HKD [5] - Yum China (09987.HK) repurchased 18,800 shares for approximately 6.2596 million HKD, with a repurchase price range of 330.6 to 340.2 HKD [6] - HSBC Holdings (00005.HK) repurchased 4.721 billion HKD worth of shares, totaling 4.6216 million shares, with a repurchase price range of 101.1 to 103.2 HKD [7] - Qiniu Intelligent (02567) has cornerstone investor He Shun voluntarily extend the lock-up commitment, representing approximately 3.20% of the total issued shares [8] - China Galaxy (06881.HK) completed the issuance of 4 billion HKD short-term financing bonds with a final coupon rate of 1.66%, primarily for working capital replenishment [8] - Huaneng International Power (00902.HK) issued 3 billion HKD ultra-short-term financing bonds with an issuance rate of 1.50% [9]

Core Viewpoint - Qiniu Intelligent (02567.HK) announced a voluntary commitment from He Shun, reflecting confidence in the long-term value and prospects of the group, supporting its sustainable, stable, and healthy development [1] Group 1: Shareholding Commitment - He Shun has signed a voluntary commitment as a beneficiary of the company, agreeing to extend the lock-up period for all shares held for an additional 12 months from the original expiration date [1] - The new lock-up period will be from October 16, 2025, to October 15, 2026, inclusive [1] - As of the announcement date, He Shun holds a total of 63,900,000 shares, representing approximately 3.20% of the total issued shares [1]

Core Viewpoint - HeShun demonstrates confidence in the long-term value and prospects of Qiniu Intelligent by voluntarily extending its lock-up commitment for its shares, indicating support for the company's stable and healthy development [1] Summary by Relevant Sections - **Shareholding Information** - HeShun holds a total of 63.9 million shares, representing approximately 3.20% of the total issued shares [1] - **Lock-up Commitment** - HeShun has committed to extend its lock-up period for another 12 months, from October 16, 2025, to October 15, 2026, during which it will not sell any shares or enter into any transactions with similar economic effects [1]