BRIEF: Q Tech interim profit soars on strong high-end camera module sales
Smartphone camera module maker Q Technology (Group) Co. Ltd. (1478.HK) announced on Thursday that it expects to report its net profit for the first half of this year to increase by approximately 150% to 180% from the 115 million yuan ($16 million) it reported in the same period of 2024.
The company attributed the increase to strong demand for higher-end camera modules for use in the latest smartphones, which led to improved gross margins. It said sales of its fingerprint recognition modules also increased by about 59.7% year-on-year, resulting in notable revenue growth from that category as well as improved gross margins.
In June alone, Q Tech shipped approximately 34.3 million camera modules, up 4.1% year-on-year, and 13.9 million fingerprint recognition modules, up 7.3%.
The company’s stock opened 4.22% higher on Friday and closed at HK$10.68 by the midday break, up 2.5%.
By Lee Shih Ta
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