Q Technology (Group) Company Limited reported consolidated revenue of RMB 9.92 billion for the six months ended 30 June 2026, up 12.4% year-on-year, driven by higher sales volumes of camera modules and LiDAR products across mobile, IoT and automotive segments.
Gross profit edged down 0.4% to RMB 651.70 million as gross margin contracted to 6.6% from 7.4%, mainly due to intensified price pressure on mid- and low-range smartphone camera modules and lower utilisation in the biometric module line.
Net profit attributable to shareholders fell 10.5% to RMB 276.02 million. Profit before tax dropped 13.8% to RMB 312.41 million, weighed by a RMB 38.63 million decline in contributions from associates and a higher foreign-exchange loss of RMB 77.67 million.
Segment highlights • Mobile products revenue rose 9.1% to RMB 7.49 billion, contributing 75.4% of total revenue. • IoT products revenue increased 13.0% to RMB 2.02 billion. • Automotive products revenue more than doubled to RMB 288.41 million.
Balance sheet and liquidity • Cash and cash equivalents stood at RMB 1.85 billion; net cash used in operations totalled RMB 535.69 million, reflecting settlement of trade payables. • Bank borrowings expanded 46.3% versus end-2025 to RMB 6.13 billion, lifting the gearing ratio to 96.8%. • Capital expenditure on property, plant and equipment reached RMB 320.88 million.
Dividend The board declared an interim dividend of HK$0.15 per share, payable on or around 23 October 2026 to shareholders on record as of 12 October 2026.
Outlook Management reiterated its commitment to large-scale intelligent manufacturing, R&D and vertical integration, aiming to enlarge market share in mobile camera modules while accelerating expansion in automotive and IoT vision systems.
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