[1478 Results] Quittian Technology's Profit Growth More Than 4.3x Last Year, Final Dividend Tripled to 40 Cents

Q Technology (01478)
Announces Full-Year Results. The company’s attributable profit for shareholders was HKD 1.49 billion (RMB equivalent), up 435.2% year-on-year, with earnings per share of 125.7 HK cents. A final dividend of 40 HK cents per share was declared, representing a threefold increase.

During the period, Q Technology’s revenue reached HKD 20.88 billion, an increase of 29.3% year-on-year, benefiting from a roughly 111% growth in sales volume of camera modules used in non-smartphone applications such as automotive and IoT. This led to a revenue increase of approximately 171.2% from camera modules in these non-smartphone sectors, accounting for about 26.9% of the group’s total camera module revenue, a significant increase from the previous year. Sales volume of periscope camera modules grew about 256.4%, and combined with the rapidly growing non-smartphone camera modules, the average selling price of camera modules increased approximately 19.7% year-on-year, effectively boosting camera module product revenue. Sales volume of biometric modules increased about 25.8%.

Gross profit was approximately HKD 1.62 billion, up about 64.3% year-on-year, with gross profit margin rising 1.7 percentage points to 7.8%.

The group will continue to focus on expanding the scale of high-end camera modules such as 32-megapixel and above for smartphones, including periscope, OIS, variable aperture, and other advanced camera modules, as well as camera modules and LiDAR used in smart vehicles, IoT smart terminals, and other fields. It will accelerate the development of intelligent visual product solutions for innovative applications such as AI glasses and embodied robots, further promote vertical supply chain integration, and aim to achieve the following goals this year:

• The sales volume of camera modules used in smartphones (including related products sold by the joint venture in India, Q Technology India) will increase by no less than 5% year-on-year.
• The combined sales volume of camera modules used in automotive, IoT, and other non-smartphone applications, along with LiDAR, will grow by no less than 50% year-on-year.

Source: Q Technology Announcement

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