Q Technology announced its sales volume figures of August 2018
Camera module sales volume and fingerprint recognition sales volume grew 92.5% and 70.6% year-on-year respectively
KUNSHAN, China, Sept. 12, 2018 /PRNewswire/ -- Q Technology (Group) Company Limited (Stock code: 1478.HK) ("Q Technology") released a voluntary announcement regarding its major products sales volume of August 2018 in HKEX on 7th of September 2018. The year-on-year growth rate of camera module ("CCM") sales volume and fingerprint recognition module ("FPM") sales volume both accelerated, making it the fastest growing month as of now in the year.
- Monthly sales volume of CCM hit record high: riding on the strong growth momentum since July, the CCM sales volume of the Company amounted to 28.93 million units and hit the record high of the Company at all time, representing a sequential growth of approx. 25.5% and year-on-year growth of approx. 92.5%. The changes are mainly attributable to the customer product cycle and the market share gains of the Group of camera modules. Product portfolio has been enhanced and maintained a better level of high-end mix thanks to the mass production of dual camera modules, 3D structured light module and automotive modules. Total sales volume of 10 mega pixel and above amounted to approx. 12.4 million units, increased 82.2% year-on-year and hit the record high for the category as well, which is expected to impose a positive impact on the trend of average selling price in second half of 2018.
- Sales volume growth of FPM reached new height: the sales volume of FPM in August amounted to approx. 11.96 million units, which was record-breaking in the last four consecutive months since May, representing an increase of approx. 25.4% month-on-month and approx. 70.6% year-on-year. The changes are mainly attributable to the market share gains of the Group of capacitive type FPM and the customer product cycle of under-glass FPM and other products. It's expected to impose a positive impact on the trend of average selling price of FPM in second half of 2018.
Both the two core business segments of Q Technology have achieved great performance, which demonstrates the Group's determination to build its long-term core competencies in intelligent vision industry. Looking forward, Q Technology will commit itself to work on four major development directions: 1) Scaling up to optimize marginal cost; 2) Optimizing product portfolio to improve gross profit margin; 3) Promoting the abilities in intelligent production automation to reduce labor headcount and improve production efficiency; and 4) Deepening vertical integration to enhance competitive strength. Q Technology will continue to provide high quality service to our customers to promote user-centric experience and embrace the vision of "enabling computer to understand and see the real world clearer."
The relevant figures are not equivalent to the final revenue or profit of the Company, and the figures have not been reviewed or audited by the independent auditors and/or the audit committee of the Company and are subject to possible adjustments. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.
About Q Technology (Group) Company Limited (Stock Code: 1478.HK)
Q Technology is a China leading mid to high-end mobile terminal camera module and fingerprint recognition module manufacturer. Q Technology is dedicated to provide machine vision and human vision to mobile terminals, automobile and robots by the persistent pursuit of capabilities in optics, computing vision and deep learning.
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