Earnings GrowthQ Tech announced a positive 1H24 profit alert, stating 400-500% YoY net profit growth, driven by a rising share of high-end CCM, auto/IoT CCM growth, rising utilization rate, and better profitability of the associate (Newmax).
Market ExpansionNon-smartphone camera module segment is expected to accelerate growth thanks to Huawei and overseas tier-1 customers’ orders.
Product InnovationUltrasonic fingerprint module shipments are expected to reach 1 million units per month, driven by major customer orders including Vivo and OPPO.