1478.HK
luckin makes consumer products

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

To subscribe to Bamboo Works weekly free newsletter, click here

Recent Articles

Autohome is an auto trading platform

Autohome deflated by plunging ad sales, car price wars

The car-trading services provider reported a fourth consecutive quarter of revenue decline in the second quarter, as its gross margin plunged more than 10 percentage points Key Takeaways: Autohome’s revenue…