Brief Introduction

Chengdu Qinchuan Technology Development Co., Ltd., a key innovative in-house technologies on Smart Gas Meters and Gas Management Systems, is a national gas meters manufacturing leader in China. Our proven technology platforms, supported by 137 design patents and 130 software copyrights, ensure that each of our products have been designed to provide the most advanced and competitive gas energy effective solutions for today’s major mainstream gas meters applications. Our technical mandate is to simplify our customer’s increasingly complex operations and communications challenges through integration. This approach provides our customers with affordable solutions and unprecedented performance that exceed increasingly more aggressive requirements.

With tight control of all phases of the R&D development and fully integrated manufacturing model that enhances product reliability and performance, Qinchuan has developed its integral core technology, especially in IC-card intelligent gas meters, Remotely controlled intelligent gas meters, Safe-cutoff remote control intelligent gas meters, Intelligent gas meter based on internet of things and Bidirectional blockage-free gear-driven special electromechanical valve for gas meter that have been recognized as international hi-tech leading products.

As a core member of the China Sensor Network Standardization Work Group and the China IOT Standardization Work Group, Qinchuan has taken a leading role defining Sensor Network and IOT Standards and are extensively applied in China Gas Metering industry.

Founded in 2001 in Chengdu, China, with registered capital of US$16.8 million with a state-of-the-art facilities over 74,600 square meters, Qinchuan is certified as ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 compliant company and its product are EN1359:2017, OIML R137 and ATEX approved. Qinchuan, as an organization, is committed to creating products which not only supreme the upmost technical advances, but the highest attainable quality.

Company Overview

Full name Chengdu Qinchuan IoT Technology Co., Ltd.
Abbreviations QCIOT
Code 688528
Founded 2001.12.30
Listing 2020.7.1
Domicile Chengdu
STAR Theme High-end Equipment
CSRCSector Manufacturing
Has weighted voting rights structure? No



  2019 2018 2017
Earnings Per Share 0.35 0.35 0.09
R&D expenditure as a % of operating revenue 9.42% 8.64% 8.78%
Operating Revenue 244.94 202.69 161.13
Net Income 44.23 44.37 9.80

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 244.94 202.69 161.13
Operating Costs 137.50 112.65 84.08
Operating Income 48.91 50.65 14.60
Pretax Income 49.35 50.48 15.05
Income Tax 5.12 6.11 5.25
Net Income 44.23 44.37 9.80

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Current Assets-Total 268.01 200.65 154.85
Non-current Assets-Total 206.34 190.70 117.78
Total Assets 474.35 391.35 282.63
Current Liabilities-Total 170.55 143.38 98.89
Non-current Liabilities-Total 11.96 0.35 -
Total Liabilities 182.51 143.73 98.89
Stockholder's Equity
Share Capital 204.56 204.56 175.05
Retained Profits 87.29 43.06 -1.31
Total Owners' Equity 291.84 247.62 173.74

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 53.30 34.17 34.71
Net Cash Flows-Investing -34.38 -65.37 -23.22
Net Cash Flows-Financing -5.82 25.42 -15.30

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Zehua Shao 101.17 60.22%
Chengdu Xiangcheng Xingshen Venture Capital Co., Ltd. 6.00 3.57%
Gongqingcheng Muxi enterprise management partnership 4.96 2.95%
Gongqingcheng Huazhuo enterprise management partnership 3.93 2.34%
Juntao Chen 3.33 1.98%
Fubin Shao 3.33 1.98%
Huafu Ruixing Investment Co.,Ltd. 2.10 1.25%
Fuzhen Shao 1.67 0.99%
Xiaohong Shao 1.61 0.96%
China petrochemical corporation annuity plan-- Industrial and Commercial Bank of China 0.08 0.04%

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