Q Technology Achieves Substantial Growth In Q4

KUNSHAN, China, Jan. 12, 2017 /PRNewswire/ -- Q Technology (Group) Company Limited (the "Company" and, together with its subsidiaries, the "Group") (Stock Code: 1478.HK) announces its shipment volume and product mix for Q4 2016, showing its substantial growth:

1. Substantial growth of CCM: the shipment volume of camera modules in Q4 was approximately 60M units, a QoQ change of approximately 32%, and a YoY change of approximately 73%. The total shipment volume of camera modules is expected to be approximately 178M units by the year ended 31 December 2016, an increase of more than 80% as compared with that for the year ended 31 December 2015, which is much more than the guidance of 50% growth given by the company at the beginning of 2016.
2. Multiple times growth of FPM: the shipment volume of fingerprint recognition modules in Q4 was approximately 16M units, a QoQ change of approximately 4 times, and a YoY change of approximately 234 times. The total shipment volume of fingerprint recognition modules is expected to be approximately 21M units by the year ended 31 December 2016, a multiple times growth as compared with that for the year ended 31 December 2015, much more than the guidance of 20M units given by the company at the beginning of 2016.
3. Substantial majorization of product mix of CCM: the company announced that the 13 megapixels and above products accounted for approximately 23.4% of products shipped in 2016, an increase of approximately 17.7 percentage points as compared with 2015, and much more than the guidance of no less than 20% given by the company at the beginning of 2016. The company also announced that products using the cover technology accounted for approximately 50% of products sold. The substantial majorization of the product mix helps the average selling price of the company.

The Company is also issuing guidance for 2017: (a) the growth of shipment volume of CCM is expected to be no less than 25% than that of 2016; also the proportion of shipment volume for 13M and above is expected to be no less than 40%; (b) the shipment volume of Fingerprint Recognition modules is expected to be no less than 60M; and (c) step-by-step, the capacity for CCM is expected to be expanded to no less than 30M per month and the capacity for Fingerprint Recognition modules is expected to be expanded to be no less than 15M per month by the end of 2017.

Disclaimer

The information contained in this newsletter is only based on a preliminary review of the unaudited management accounts of the Group for the year ended 31 December 2016 which have not been reviewed or audited by independent auditors and/or the audit committee of the Company and are subject to possible adjustments. Shareholders of the Company are reminded, and potential investors are advised, to exercise caution when dealing in the shares of the Company.

About Q Technology (Group) Company Limited

Q Technology (Group) Company Limited (HKSE Stock Code: 1478), a high-tech innovation company that does the R&D and manufacturing of high-end camera modules and fingerprint recognition modules, is dedicated to providing machine vision and human vision to mobile terminals by means of continuously building up the capabilities of optics, computer vision and deep learning.

For more information, please visit the Company's website:

http://www.qtechglobal.com/index.html

For any further inquiries, please contact:

Mr Fan Fuqiang
Tel: +8675523741909
Email: richard.fan@ck-telecom.com 

Miss Gao Chenchen
Email: chenchen.gao@qtechglobal.com