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Q Technology (Group) Co ( (HK:1478) ) has provided an announcement.
Q Technology (Group) Co., Ltd. reported a significant increase in revenue and profit for the year ending December 31, 2024. The company’s revenue rose by approximately 28.9% to RMB16.15 billion, driven by strong demand for camera modules across various industries and an effective product strategy that improved sales volume and unit prices. The gross profit margin improved to 6.1%, up from 4.1% the previous year, due to increased global smartphone sales and a focus on high-end camera modules. The company’s profit surged by 234.1% to RMB279.07 million, attributed to increased revenue, improved gross profit margin, and reduced losses from an associate company. The board recommends a final dividend of HK$10.0 cents per share.
More about Q Technology (Group) Co
Q Technology (Group) Co., Ltd. is a company incorporated in the Cayman Islands, focusing on the technology industry. It specializes in the production of camera modules and fingerprint recognition modules, catering to industries such as smartphones, smart cars, smart home devices, and low-altitude aircraft.
YTD Price Performance: 15.43%
Average Trading Volume: 7,670,942
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$8.86B
Learn more about 1478 stock on TipRanks’ Stock Analysis page.