Q Technology sees profit more than double, revenue grows

For the six months ended June 30, 2025, Q Technology (Group) Company Limited reported a profit of RMB308,352,000, representing a significant 167.6% increase compared to the corresponding period. Revenue also saw a healthy rise of 15.1% to RMB8,831,512,000. Gross profit surged by 63.5% to RMB654,051,000, improving the gross profit margin to 7.4% from 5.2% year-on-year.

The improved performance was largely driven by a 47.9% year-on-year increase in sales volume of camera modules for automotive and IoT applications, coupled with a 59.7% rise in sales volume of fingerprint recognition modules. The average unit price of camera module products grew by 27.2%, contributing to increased revenue and improved capacity utilization.

The company's R&D expenses decreased by 2.5% to RMB279,103,000, while finance costs declined by 31.2% to RMB55,600,000 due to lower interest rates and reduced bank borrowings. Notably, the share of gain from associates turned positive, reaching RMB48,041,000, primarily due to Newmax Technology achieving a profit turnaround.