BRIEF: Q Tech camera module shipments up 16% in July

1478.HK
Hesai does infrastructure

Camera module maker Q Technology (Group) Co. Ltd. (1478.HK) on Friday reported its shipments of camera modules for mobile phones reached 37.84 million units last month, up 15.9% year-over-year and month-over-month. Its fingerprint recognition module shipments totaled 14.4 million units in July, up 2.6% year-on-year and 3.6% month-on-month.

The company’s cumulative camera module shipments for mobile phones fell 10.8% year-over-year in the first seven months of this year to 220 million units, while fingerprint recognition module shipments surged 48% to 108.7 million units.

Shares of Q Tech opened down 0.2% at HK$12.70 on Friday. The stock has nearly doubled since the beginning of this year.

By Lau Chi Hang

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