Q Technology (Group) Co Ltd (HK:1478)
:1478
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Q Technology (Group) Co
(1478)
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Rating:59Neutral
Price Target:
HK$10.50
▲(35.66% Upside)
Action:ReiteratedDate:01/15/26
The score is driven mainly by solid revenue growth and a stable balance sheet, offset by weak cash generation (zero reported operating/free cash flow) and thin margins. Technicals are mixed with short-term strength but weaker longer-term trend signals, while valuation is broadly neutral with a moderate P/E and a 2.79% dividend yield.
Positive Factors
Revenue Growth Trend
Sustained revenue growth of ~29% indicates expanding product adoption and improved order flow from device customers. Over 2–6 months this supports scale advantages, better bargaining with suppliers, and the ability to fund incremental capacity or R&D to capture higher-spec camera module demand.
Negative Factors
Very Low Gross Margin
A 6.1% gross margin points to persistent cost or pricing pressure in core hardware products. Structurally low gross margins limit the ability to absorb input cost inflation, invest in higher-margin R&D, or improve operating profitability without meaningful product mix upgrades.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
Sustained revenue growth of ~29% indicates expanding product adoption and improved order flow from device customers. Over 2–6 months this supports scale advantages, better bargaining with suppliers, and the ability to fund incremental capacity or R&D to capture higher-spec camera module demand.
Read all positive factors
Q Technology (Group) Co (1478) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$9.24B
Dividend Yield3%
Average Volume (3M)4.96M
Price to Earnings (P/E)6.2
Beta (1Y)1.36
Revenue Growth17.21%
EPS Growth166.36%
CountryHK
Employees10,609
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)1.14
Shares Outstanding1,194,317,000
10 Day Avg. Volume5,099,578
30 Day Avg. Volume4,963,937
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)1.42
Price to Sales (P/S)0.45
P/FCF Ratio7.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$12.75Price Target Upside64.73% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)0.72
Revenue Forecast (FY)HK$22.52B
Q Technology (Group) Co Business Overview & Revenue Model
Company Description
Q Technology (Group) Company Limited, an investment holding company, engages in the research and development, design, manufacture, and sale of camera and fingerprint recognition modules for mobile phones and other intelligent mobile terminals in t...
How the Company Makes Money
Q Technology generates revenue primarily through the sale of its semiconductor products and components to major smartphone manufacturers and electronics companies. The company operates on a business-to-business (B2B) model, where it supplies high-...
Q Technology (Group) Co Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
65
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.31B | 16.15B | 12.53B | 13.76B | 18.66B | 17.40B |
| Gross Profit | 1.24B | 984.90M | 508.86M | 541.34M | 1.76B | 1.77B |
| EBITDA | 956.20M | 756.48M | 683.10M | 633.86M | 1.54B | 1.47B |
| Net Income | 472.19M | 279.07M | 81.92M | 171.15M | 862.98M | 840.11M |
Balance Sheet | ||||||
| Total Assets | 15.26B | 14.45B | 14.94B | 12.29B | 13.05B | 11.40B |
| Cash, Cash Equivalents and Short-Term Investments | 3.78B | 2.92B | 3.82B | 3.04B | 1.79B | 2.08B |
| Total Debt | 2.92B | 2.45B | 4.39B | 2.64B | 1.79B | 1.31B |
| Total Liabilities | 9.93B | 9.36B | 10.11B | 7.52B | 8.34B | 7.62B |
| Stockholders Equity | 5.33B | 5.09B | 4.83B | 4.76B | 4.70B | 3.79B |
Cash Flow | ||||||
| Free Cash Flow | 1.42B | 965.44M | -378.78M | 1.05B | 1.60B | 3.60B |
| Operating Cash Flow | 1.42B | 965.44M | -378.78M | 1.05B | 1.60B | 3.60B |
| Investing Cash Flow | -911.23M | -1.04B | 366.72M | -1.94B | -880.47M | -695.87M |
| Financing Cash Flow | -509.26M | -1.37B | 1.55B | 468.48M | -942.20M | -1.31B |
Q Technology (Group) Co Technical Analysis
Negative
7.74
Price Trends
8.70
Negative
9.09
Negative
10.98
Negative
Market Momentum
-0.30
Positive
42.56
Neutral
33.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1478, the sentiment is Negative. The current price of 7.74 is below the 20-day moving average (MA) of 8.15, below the 50-day MA of 8.70, and below the 200-day MA of 10.98, indicating a bearish trend. The MACD of -0.30 indicates Positive momentum. The RSI at 42.56 is Neutral, neither overbought nor oversold. The STOCH value of 33.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1478.
Q Technology (Group) Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$22.75B | 11.57 | 30.71% | ― | 184.87% | 276.87% | |
62 Neutral | HK$61.29B | 19.84 | 13.73% | 1.84% | 17.48% | 10.65% | |
62 Neutral | HK$65.43B | 10.48 | 12.87% | 0.82% | 7.53% | 87.77% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$2.88B | 12.09 | 2.88% | 9.26% | 2.59% | 0.23% | |
59 Neutral | HK$9.24B | 6.18 | 9.13% | 3.00% | 17.21% | 166.36% | |
48 Neutral | HK$47.90B | 28.86 | 5.99% | ― | 4.33% | -10.79% |
* Technology Sector Average
HK:1478
Q Technology (Group) Co
7.74
2.10
37.23%
HK:0285
BYD Electronic (International) Co
27.20
-0.91
-3.23%
HK:2382
Sunny Optical Technology (Group) Co
59.90
3.85
6.87%
HK:0732
Truly International Holdings
0.97
0.13
15.75%
HK:1415
Cowell e Holdings Inc.
26.20
8.12
44.91%
HK:6088
FIT Hon Teng Limited
6.75
5.03
292.44%
Q Technology (Group) Co Corporate Events
Q Technology Expects Profit to Surge Up to 450% on High-End Camera and IoT Demand
Jan 13, 2026
Q Technology has issued a positive profit alert, indicating that its consolidated profit for the year ended 31 December 2025 is expected to jump by about 400% to 450% from RMB279.1 million a year earlier, driven by strong demand and higher specifi...
Q Technology Sees Strong December Surge in Camera Module Sales Amid Overseas Demand
Jan 12, 2026
Q Technology reported a strong rise in December 2025 camera module sales, with total camera module volume up 10% month-on-month and 43.6% year-on-year to 45.9 million units, driven mainly by overseas demand and expanded supply share, especially fo...
Q Technology Reports Mixed November Sales Performance
Dec 10, 2025
Q Technology announced a mixed performance in its November 2025 sales volume. The company experienced a month-on-month decrease in the total sales volume of camera modules, attributed to customer project cycles and seasonal factors. However, there...
Q Technology Reports Strong Sales Growth in October 2025
Nov 11, 2025
Q Technology announced a significant year-on-year increase in the sales volume of its camera and fingerprint recognition modules for October 2025. This growth is attributed to the company’s increased market share in the mobile phone camera m...
Q Technology Renews Key Transaction Agreements to Meet Growing Demand
Nov 10, 2025
Q Technology (Group) Co., Ltd. has announced the renewal of its Continuing Connected Transaction Agreements for a three-year term from January 1, 2025, to December 31, 2027. This renewal is in response to projected demands for VCM Components and P...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.