Summary by Moomoo AI
Q Tech announced its performance in the first half of 2024, with unaudited revenues of approximately RMB 7,675,142,000, a year-on-year increase of 40.1%, and gross profit of approximately RMB 400,099,000. The gross profit margin increased from 3.4% to 5.2%. Net profit increased significantly to approximately RMB 115,232,000, a year-on-year increase of 431.2%. Basic and diluted earnings per share were RMB 0.097. The revenue growth was mainly due to the increase in sales of camera module and the increase in market share of cooperation with major global smart phone brands. The company continues to promote its high-end product strategy, with camera modules with more than 32 million pixels accounting for 49.2% of sales. In the future, the company will continue to deepen intelligent manufacturing, develop new technologies, and strengthen international layout to maintain long-term competitiveness.
