Q Technology (Group) Co Ltd (HK:1478)
:1478
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Q Technology (Group) Co
(1478)
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Rating:69Neutral
Price Target:
HK$10.00
▲(17.92% Upside)
Action:Reiterated
Date:04/28/26
The score is primarily driven by the 2025 financial rebound and strong returns/cash generation, balanced by increased leverage and historical volatility in margins and cash flows. Valuation is a key support (low P/E and moderate yield), while technicals are only neutral due to weakness versus longer-term moving averages.
Positive Factors
2025 Revenue and Margin Rebound
A material 2025 rebound in revenue (+17.5%) and net margin (7.2%) signals that demand recovery and/or product mix improvements translated into meaningful profit restoration. This strengthens near-term cash flow outlook, supports reinvestment in capacity or R&D, and provides a firmer earnings base over the coming 2–6 months compared with prior weak years.
Negative Factors
Rising Leverage
Material increase in leverage (debt-to-equity ~0.92) reduces balance sheet flexibility and raises fixed interest obligations. In a cyclical end market, higher debt elevates refinancing and liquidity risk during downturns, constrains strategic investments, and increases vulnerability if margins or cash flows weaken again.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Revenue and Margin Rebound
A material 2025 rebound in revenue (+17.5%) and net margin (7.2%) signals that demand recovery and/or product mix improvements translated into meaningful profit restoration. This strengthens near-term cash flow outlook, supports reinvestment in capacity or R&D, and provides a firmer earnings base over the coming 2–6 months compared with prior weak years.
Read all positive factors
Q Technology (Group) Co (1478) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$9.95B
Dividend Yield3%
Average Volume (3M)4.96M
Price to Earnings (P/E)2.0
Beta (1Y)1.42
Revenue Growth29.47%
EPS Growth436.16%
CountryHK
Employees10,609
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)1.22
Shares Outstanding1,194,317,000
10 Day Avg. Volume5,099,578
30 Day Avg. Volume4,963,937
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.41
Price to Sales (P/S)0.43
P/FCF Ratio6.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$12.85Price Target Upside51.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.72
Revenue Forecast (FY)HK$22.63B
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 primarily makes money by selling hardware components—most notably camera modules and other optical-related parts—to customers in the consumer electronics industry (with smartphones historically being the main end market). Revenue is g...
Q Technology (Group) Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.88B | 16.15B | 12.53B | 13.76B | 18.66B |
| Gross Profit | 1.62B | 984.90M | 508.86M | 541.34M | 1.76B |
| EBITDA | 1.20B | 756.48M | 683.10M | 633.86M | 1.54B |
| Net Income | 1.49B | 279.07M | 81.92M | 171.15M | 862.98M |
Balance Sheet | |||||
| Total Assets | 19.78B | 14.45B | 14.94B | 12.29B | 13.05B |
| Cash, Cash Equivalents and Short-Term Investments | 6.27B | 2.92B | 3.82B | 3.04B | 1.79B |
| Total Debt | 5.89B | 2.45B | 4.39B | 2.64B | 1.79B |
| Total Liabilities | 13.36B | 9.36B | 10.11B | 7.52B | 8.34B |
| Stockholders Equity | 6.42B | 5.09B | 4.83B | 4.76B | 4.70B |
Cash Flow | |||||
| Free Cash Flow | 1.39B | 965.44M | -378.78M | 1.05B | 1.60B |
| Operating Cash Flow | 1.98B | 965.44M | -378.78M | 1.05B | 1.60B |
| Investing Cash Flow | -3.09B | -1.04B | 366.72M | -1.94B | -880.47M |
| Financing Cash Flow | 1.75B | -1.37B | 1.55B | 468.48M | -942.20M |
Q Technology (Group) Co Technical Analysis
Negative
8.48
Price Trends
8.35
Negative
8.70
Negative
10.91
Negative
Market Momentum
0.11
Positive
46.43
Neutral
38.59
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 8.48 is below the 20-day moving average (MA) of 8.58, above the 50-day MA of 8.35, and below the 200-day MA of 10.91, indicating a bearish trend. The MACD of 0.11 indicates Positive momentum. The RSI at 46.43 is Neutral, neither overbought nor oversold. The STOCH value of 38.59 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$25.78B | 5.92 | 29.89% | ― | 40.36% | 64.59% | |
75 Outperform | HK$69.36B | 5.48 | 16.64% | 0.82% | 13.01% | 72.27% | |
69 Neutral | HK$9.95B | 1.96 | 24.76% | 3.00% | 29.47% | 436.16% | |
66 Neutral | HK$3.02B | 6.05 | 2.88% | 9.26% | -7.51% | -6.59% | |
63 Neutral | HK$64.43B | 9.04 | 5.99% | ― | 12.30% | 1.48% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$59.80B | 9.70 | 10.36% | 1.84% | 1.34% | -17.40% |
* Technology Sector Average
HK:1478
Q Technology (Group) Co
8.50
1.50
21.43%
HK:0285
BYD Electronic (International) Co
26.60
-7.00
-20.83%
HK:2382
Sunny Optical Technology (Group) Co
62.65
-0.09
-0.15%
HK:0732
Truly International Holdings
1.00
0.08
8.34%
HK:1415
Cowell e Holdings Inc.
29.44
6.74
29.69%
HK:6088
FIT Hon Teng Limited
8.80
6.72
323.08%
Q Technology (Group) Co Corporate Events
Q Technology Posts Strong April Camera Module Growth on Overseas Demand
May 8, 2026
Q Technology reported that in April 2026 its total camera module and LiDAR sales rose 32.3% year on year to 44 million units, driven by higher demand for mobile phone camera modules, especially from overseas customers, and by strong growth in modu...
Q Technology Sets 2026 AGM to Approve Dividend, Board Mandates and Share Issuance Authority
Apr 24, 2026
Q Technology (Group) Company Limited has called its annual general meeting for 22 May 2026 in Shenzhen, where shareholders will vote on the adoption of the 2025 audited financial statements and the payment of a final dividend of HK$0.40 per share....
Q Technology moves to modernise articles in line with HKEX reforms
Apr 16, 2026
Q Technology (Group) Company Limited plans to overhaul its constitutional documents by adopting a third amended and restated articles of association. The move is intended to align the company’s governance framework with updated requirements ...
Q Technology Posts Strong March Camera Module Growth as Overseas and IoT Demand Climb
Apr 8, 2026
Q Technology reported that its March 2026 sales volumes for camera modules rose sharply month-on-month and year-on-year, driven by post–Chinese New Year seasonality, stronger overseas demand, and growing supply share. Camera modules for non-...
Q Technology Updates Principal Place of Business in Hong Kong
Mar 19, 2026
Q Technology (Group) Company Limited has announced a change to its principal place of business in Hong Kong, effective 20 March 2026, moving its office to Flat 07, 17/F, Topsail Plaza, 11 On Sum Street, Shatin, New Territories. The company also st...
Q Technology Declares HKD 0.4 Final Dividend for 2025
Mar 16, 2026
Q Technology (Group) Company Limited has declared a final ordinary cash dividend of HKD 0.4 per share for the financial year ended 31 December 2025, with payment in Hong Kong dollars following shareholder approval on 22 May 2026. The ex-dividend d...
Q Technology profit surges on high-end camera growth and Q Tech India disposal gain
Mar 16, 2026
Q Technology (Group) Company Limited reported a 29.3% year-on-year increase in revenue to approximately RMB20.88 billion for 2025, driven by strong growth in camera modules for non-handset fields such as automotive and IoT, as well as a surge in p...
Q Technology Posts February Camera Module Growth on Overseas Demand as India JV Accelerates
Mar 11, 2026
Q Technology reported that February 2026 total camera module shipments fell month on month due to Chinese New Year disruptions but rose sharply year on year on stronger overseas demand and an expanding customer supply share, with IoT and smart veh...
Q Technology Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 2, 2026
Q Technology (Group) Company Limited has scheduled a board meeting for 10:45 a.m. on 16 March 2026 to review and approve its audited consolidated financial results for the year ended 31 December 2025. The board will also consider the declaration o...
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.