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Q Technology (Group) Co ( (HK:1478) ) has provided an update.
Q Technology has announced a significant expected increase in its consolidated profit for 2024, projecting a rise of approximately 200% to 280% from the previous year. This growth is attributed to expanding market shares in camera and fingerprint recognition modules, improved product mix, better capacity utilization, and enhanced operating results of an associate. However, the company faces a tax dispute in India, which could impact its financial results as the company is assessing provisions and adjustments for deferred tax assets related to this issue.
More about Q Technology (Group) Co
Q Technology (Group) Company Limited, incorporated in the Cayman Islands, operates in the technology industry focusing on camera modules and fingerprint recognition modules. The company targets mid-to-high-end camera modules, especially those used in smartphones, smart driving, and IoT smart terminals.
YTD Price Performance: -18.06%
Average Trading Volume: 9,036,681
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$6.65B
See more data about 1478 stock on TipRanks’ Stock Analysis page.
