QINIU (02567) saw a sharp increase of nearly 30% in early trading. As of the latest update, the stock was up 27.27% at HK$0.63, with a trading volume of HK$14.5262 million.

The surge follows the recent official launch of Qiniu Limited's enterprise-level Token Plan, which initially includes leading domestic large models such as DeepSeek-V4-Pro/Flash and Kimi K2.6. Currently, the Qiniu Limited Enterprise Token Plan covers four major model series: DeepSeek, Moonshot AI, Zhipu AI, and MiniMax, with plans to add more high-quality models in subsequent updates.

Notably, QINIU's annual financial report shows the company achieved annual revenue of RMB 1.768 billion, a year-on-year increase of 23.1%. AI-related revenue reached RMB 437 million, with its contribution to total revenue rising from 22.2% in the first half of the year to 24.7%. Adjusted EBITDA turned positive for the first time, marking the company's first profitable period since its listing.

QINIU has largely completed its transformation from a "video and audio cloud service provider" to an "AI Agent infrastructure platform."