Q Technology (1478) reported its first-half net profit dropped 10.5 percent year-on-year to 276 million yuan (HK$322 million), hit by a weaker gross profit margin and lower returns from associate and joint‑venture investments.
The Apple supplier maintained an interim dividend at 15 HK cents per share.
Revenue of the camera and fingerprint‑recognition module maker for the six months rose 12.4 percent to 9.9 billion yuan, as sales volumes of camera modules and LiDAR products increased 14 percent. But the gross profit margin was 6.6 percent, 0.8 percentage point down, mainly due to the declined shipments of global smartphones, intensified market competition and supply chain tightness.
The company recorded a 80.4 percent decrease to 9.4 million yuan with shares of loss from associates Newmax Technology in Taiwan and poLight, a Norwegian technology company.
Looking ahead, the global macro-uncertainties persist: the recovery of consumption demand, the international trade environment and industrial chain adjustments. But as the rapid development of AI drives the upgrade of intelligent terminals, the rising demand for intelligent vision products will underpin its long‑term growth, the company said.
Frank Feng
