Brief Introduction

Qinchuan IoT was established on December 30, 2001, which is a high-tech enterprise engaged in the R&D, manufacturing, sales and service of smart gas meters. It integrates core technologies such as precision metering, smart control, data communication, and information security with precision meters manufacturing, as well as to provide gas operation management software. The company's main products include IoT smart gas meters, IC card smart gas meters, diaphragm gas meters, industrial and commercial gas meters, and IoT smart water meters. The company has nine core technologies, including mechanical measurement technology, shell sealing technology, and temperature conversion technology, all of which are independently researched and developed. The company has seven major advantages such as core technologies, product performance indicators and parameters, standards formulation, technical reserves, R&D personnels, integrated structure design and full-process manufacturing technology, marketing network and market.

Company Overview

Full name Chengdu Qinchuan IoT Technology Co.,Ltd.
Abbreviations QCIOT
Code 688528
Founded 2001-12-30
Listing 2020-07-01
Domicile Chengdu, Longquanyi District
STAR Theme Others
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.31 0.35 0.35
R&D expenditure as a % of operating revenue 8.04% 9.42% 8.64%
Operating Revenue 302,084,839.10 244,940,478.43 202,691,503.81
Net Income 46,157,564.78 44,229,460.13 44,369,396.55

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 302.08 244.94 202.69
Operating Costs 183.72 137.50 112.65
Operating Income 50.31 48.91 50.65
Pretax Income 51.48 49.35 50.48
Income Tax 5.32 5.12 6.11
Net Income 46.16 44.23 44.37

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 706.05 268.01 200.65
Non-current Assets-Total 284.23 206.34 190.70
Total Assets 990.28 474.35 391.35
Current Liabilities-Total 230.03 170.55 143.38
Non-current Liabilities-Total 5.61 11.96 0.35
Total Liabilities 235.64 182.51 143.73
Stockholder's Equity
Share Capital 621.20 204.56 204.56
Retained Profits 133.44 87.29 43.06
Total Owners' Equity 754.64 291.84 247.62

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating -2.52 53.30 34.17
Net Cash Flows-Investing -231.98 -34.38 -65.37
Net Cash Flows-Financing 419.82 -5.82 25.42

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
邵泽华 101.17 60.22%
成都市香城兴申创业投资有限公司 6.00 3.57%
共青城穆熙企业管理合伙企业(有限合伙) 4.96 2.95%
共青城华灼企业管理合伙企业(有限合伙) 3.93 2.34%
陈君涛 3.33 1.98%
邵福斌 3.33 1.98%
邵福珍 1.67 0.99%
邵小红 1.61 0.96%
华富瑞兴投资管理有限公司 1.58 0.94%
钟仁美 0.74 0.44%
31 Dec 2020

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