Brief News: Q TECH's product sales increased by 20% year-on-year last month
Q TECH announced its October sales data, with camera module sales reaching 47.416 million units, a year-on-year increase of 20.4%. Among them, sales of modules below 32 million pixels grew by 45.4%. Fingerprint recognition module sales were 18.413 million units, up 19.2% year-on-year. Sales of ultrasonic fingerprint recognition modules surged by 409.5% year-on-year. The company stated that the sales growth is attributed to an increase in market share. On Wednesday, the stock price rose by 1.3%, and the stock price has increased by over 80% this year
Mobile lens manufacturer Q TECH (Group) Co., Ltd. (1478.HK) announced October sales data on Tuesday, reporting a sales volume of 47.416 million camera modules last month, an annual increase of 20.4%, and a slight month-on-month increase of 1.6%. Among them, camera modules with less than 32 million pixels performed the best, with a year-on-year increase of 45.4% to 25.934 million units.
The sales volume of fingerprint recognition modules was 18.413 million units, an annual increase of 19.2%, but a slight month-on-month decrease of 3.3%. Among them, the sales of ultrasonic fingerprint recognition modules saw an astonishing increase of 409.5% year-on-year to 4.937 million units.
The group stated that the year-on-year growth in sales volume was mainly due to the increase in the group's market share in mobile camera modules and fingerprint recognition module businesses. As for the decrease in sales volume of ultrasonic fingerprint recognition modules compared to September, it was mainly affected by customer project cycles.
On Wednesday, Q TECH's stock opened up 1.3% to HKD 11.94, with the company's stock price rising over 80% this year
