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QiniuHKSE:02567 -5.26%7 Gross Margin % is 18.01% as of Dec. 2025, which is 9% below its 10-year median of 19.79. GuruFocus rates HKSE:02567 with a GF Score™ of 7/100. The stock has 5 warning signs investors should review. Among 2,684 Software companies, Qiniu ranks worse than 81.86% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Qiniu's Gross Profit for the
six
months ended in Dec. 2025 was HK$187 Mil. Qiniu's Revenue for the
six
months ended in Dec. 2025 was HK$1,038 Mil. Therefore, Qiniu's Gross Margin % for the quarter that ended in Dec. 2025 was 18.01%.
The historical rank and industry rank for Qiniu's Gross Margin % or its related term are showing as below:
HKSE:02567'
s Gross Margin % Range Over the Past 10 Years
Min: 18.46 Med: 19.79 Max: 21.01
Current: 18.46
During the past 5 years, the highestGross Margin % of Qiniu was 21.01%. The lowest was 18.46%. And the median was 19.79%.
HKSE:02567's Gross Margin % is ranked worse than 81.86% of 2684
companies
in the Software industry
Industry Median: 40.465
vs HKSE:02567: 18.46
Qiniu had a gross margin of 18.01% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Qiniu was 0.00% per year.
Qiniu (HKSE:02567) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Qiniu had a gross margin of 18.01% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Qiniu Gross Margin % Related Terms
Qiniu Gross Margin % Historical Data
* Premium members only.
The historical data trend for Qiniu's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HKSE:02567 vs MSFT, ORCL, PLTR: Gross Margin % Comparison
For the Software - Infrastructure subindustry, Qiniu's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Qiniu Gross Margin % vs Software Industry
For the Software industry and Technology sector, Qiniu's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Qiniu's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Qiniu (HKSE:02567) has a Gross Margin % of 18.01% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Qiniu and its competitors. This is near median its historical median of 19.79. Over the past decade, Qiniu's Gross Margin % has ranged from 18.46 to 21.01. According to the industry distribution chart, Qiniu ranks #2197 out of 2684 companies in the Software industry, placing it in the top 81.9%.
Is Qiniu's Gross Margin % too high?
Qiniu's current Gross Margin % of 18.01% is near median its 10-year median of 19.79. Over the past 10 years, this metric has ranged from a low of 18.46 to a high of 21.01. The Software industry median Gross Margin % is 40.47. Qiniu's value of 18.01% is 55.5% below this industry median. Based on the distribution chart, Qiniu ranks #2197 out of 2684 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Qiniu has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Qiniu's Gross Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, Qiniu ranks #2197 out of 2684 companies for Gross Margin %. This places Qiniu in the lower half of its industry. The industry median Gross Margin % is 40.47. Qiniu's value of 18.01% is 55.5% below this benchmark. Historically, Qiniu's own Gross Margin % has ranged from 18.46 to 21.01 over the past decade. While the company's 10-year median is 19.79 vs. the industry median of 40.47, Qiniu has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Software company?
The median Gross Margin % among Software companies is 40.47, based on 2,684 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Qiniu's current Gross Margin % of 18.01% is 55.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Qiniu and its competitors. For the Software industry, the median Gross Margin % is 40.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qiniu's current Gross Margin % is 18.01%, which is near median its own 10-year median of 19.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qiniu stock overvalued right now?
Qiniu (HKSE:02567) has a current Gross Margin % of 18.01%. The current Gross Margin % is 18.01%, which is near median its 10-year median of 19.79 and 55.5% below the Software industry median of 40.47. Qiniu's overall GF Score™ is 7/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Qiniu (HKSE:02567), the current Gross Margin % is 18.01% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Qiniu Ltd is mainly engaged in providing MPaaS products, APaaS solutions, DPaaS solutions, and other cloud services. Its MPaaS offers interactive live streaming, media data analytics, content delivery network, and object storage solutions. Its APaaS provides scenario based audiovisual solutions using low code capabilities by integrating image processing, live streaming, interaction, scene analysis, and storage services. Its DPaaS delivers data analytics solutions that enable enterprises to develop, run, and manage applications without maintaining infrastructure. Other cloud services mainly include cloud virtual machines, offering integrated solutions such as cloud servers, databases, network, security, and storage.
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