omniture

Q Technology announced its sales volume figures for December 2018

Camera module sales volume grew 126% year-on-year, breaking 30 million units for the first time

KUNSHAN, China, Jan. 9, 2019 /PRNewswire/ -- Q Technology (Group) Company Limited (Stock code: 1478.HK) ("Q Technology" or "the Company") released a voluntary announcement regarding its major products sales volume for December 2018 in HKEX on 8th January 2019. The year-on-year growth rate of camera module ("CCM") sales volume accelerated and hit a new record for single month, reaching approx. 31.74 million units.

  1. Monthly sales volume of CCM hit record high again: Since the CCM sales volume of the Company amounted to 28.93 million units in August 2018, hitting a record high, it has continuously maintained a high level. Attributable to the market share gain, the single month sales record has been broken again in December 2018. Sales volume for the month amounted to approx. 31.74 million, grew approx. 25% month-on-month and approx. 126% year-on-year respectively. Product mix has been further enhanced and maintains a better level of high-end mixes due to the mass production of dual camera modules and 3D structured light modules. Total sales volume of 10 mega pixel and above amounted to approx. 14 million units, increased approx. 31% month-on-month and approx. 112% year-on-year respectively, reflecting a higher recognition level from customers of the Company.
  2. Sales volume of FPM remain stable: The sales volume of fingerprint recognition modules ("FPM") in December 2018 amounted to approx. 7.78 million units, decreased approx. 22% month-on-month and approx. 5% year-on-year respectively, mainly due to conventional seasonal impact. However, the sales of optical under-glass FPM remain stable

Both of the two core business segments, CCM and FPM, of Q Technology have achieved great performance; accumulated sales volume in 2018 increased approx. 53% and approx. 33% year-on-year respectively which demonstrates Q Technology's determination to build its long-term core competencies in the 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 its product portfolio to improve gross profit margin; 3) Promoting its 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 their customers to promote a user-centric experience and embrace the vision of "enabling computers 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 providing machine vision and human vision to mobile terminals, automobile and robots through the persistent pursuit of capabilities in optics, computing vision and deep learning.

For enquiries, please contact the investor relations team of the Company at:

Mr. Richard Fan E-mail: richard.fan@ck-telecom.com
Mr. Louis So E-mail: louis.so@qtechglobal.com
Ms. Yanqing Cai E-mail: yanqing.cai@qtechglobal.com

Source: Q Technology (Group) Company Limited
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