QCIOT(SH:688528) Xin Lang Cai Jing·2025-10-29 02:23Core Viewpoint - Qin Chuan IoT's stock price has experienced fluctuations, with a year-to-date increase of 39.66%, but a recent decline in trading performance, indicating potential volatility in investor sentiment [2][3]. Company Overview - Qin Chuan IoT, established on December 30, 2001, and listed on July 1, 2020, is located in Chengdu, Sichuan Province. The company specializes in the research, manufacturing, sales, and service of smart gas meters, integrating core technologies such as precise measurement, smart control, data communication, and information security [2]. - The company's revenue composition includes: IoT smart gas meters (61.56%), smart sensors and related components (17.62%), membrane gas meters (11.49%), and other products [2]. Financial Performance - For the period from January to September 2025, Qin Chuan IoT reported revenue of 219 million yuan, a year-on-year decrease of 16.24%. The net profit attributable to shareholders was -69.89 million yuan, reflecting a significant decline of 66.72% year-on-year [3]. - As of September 30, 2025, the company had 6,303 shareholders, an increase of 7.01% from the previous period, while the average circulating shares per person decreased by 6.55% [3]. Market Activity - On October 29, 2025, Qin Chuan IoT's stock price fell by 2.00%, trading at 12.22 yuan per share, with a total market capitalization of 2.053 billion yuan. The net outflow of main funds was 246,200 yuan, with no large purchases recorded [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on July 9, 2025, where it recorded a net buy of -614,700 yuan [2]. Shareholder Information - Since its A-share listing, Qin Chuan IoT has distributed a total of 35.28 million yuan in dividends, with no dividends paid in the last three years [4]. - As of September 30, 2025, the sixth largest circulating shareholder is CITIC Prudential Multi-Strategy Mixed Fund (LOF) A, holding 742,000 shares as a new shareholder [4].