Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$7.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Electronic industry in Hong Kong. Total returns to shareholders of 151% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$7.46 per share. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$8.61, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Electronic industry in Hong Kong. Total returns to shareholders of 178% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$7.66 per share. Upcoming Dividend • May 28
Upcoming dividend of HK$0.40 per share Eligible shareholders must have bought the stock before 04 June 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (2.4%). Buy Or Sell Opportunity • May 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.2% to HK$9.33. The fair value is estimated to be HK$7.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 97%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings are forecast to decline by 4.6% per annum over the same time period. Live News • May 09
Q Technology Reports 32% Growth in April Camera and LiDAR Shipments on Overseas Demand Q Technology reported a 32.3% year-on-year rise in April 2026 sales of camera modules and LiDAR units, supported by overseas demand and growth in IoT and smart vehicle uses.
Biometric module volumes increased month on month, while Q Tech India recorded year-on-year sales growth despite short-term volatility.
The group’s shipment base broadened across mobile phone camera modules, biometric modules and camera/LiDAR products in other application fields.
For you as an investor, the update points to expanding end-market exposure beyond traditional smartphones, with IoT devices, smart vehicles and other fields contributing to volume. The 32.3% year-on-year rise in April camera and LiDAR sales, together with higher biometric module volumes, indicates that different product lines and regions are contributing to overall shipment growth rather than reliance on a single segment.
The reference to Q Tech India’s year-on-year sales growth, even alongside near-term volatility, underlines the role of regional diversification in the group’s business mix. When you assess Q Technology, it can be useful to look at how this broader volume base across products and geographies might relate to revenue stability, customer concentration and the company’s ability to adapt to changes in demand in any one category. Buy Or Sell Opportunity • Mar 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to HK$7.48. The fair value is estimated to be HK$9.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 97%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings are forecast to decline by 4.9% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$7.74, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Electronic industry in Hong Kong. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$9.50 per share. Declared Dividend • Mar 18
Final dividend of HK$0.40 announced Shareholders will receive a dividend of HK$0.40. Ex-date: 4th June 2026 Payment date: 25th June 2026 Dividend yield will be 6.4%, which is higher than the industry average of 4.2%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 16% over the next 3 years. However, it would need to fall by 36% to increase the payout ratio to a potentially unsustainable range. New Risk • Mar 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 15% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 17
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CN¥1.26 (up from CN¥0.24 in FY 2024). Revenue: CN¥20.9b (up 29% from FY 2024). Net income: CN¥1.49b (up 435% from FY 2024). Profit margin: 7.2% (up from 1.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Mar 16
Q Technology (Group) Company Limited, Annual General Meeting, May 22, 2026 Q Technology (Group) Company Limited, Annual General Meeting, May 22, 2026. Announcement • Mar 02
Q Technology (Group) Company Limited to Report Fiscal Year 2025 Results on Mar 16, 2026 Q Technology (Group) Company Limited announced that they will report fiscal year 2025 results on Mar 16, 2026 Major Estimate Revision • Jan 15
Consensus EPS estimates increase by 101% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥19.6b to CN¥19.9b. EPS estimate increased from CN¥0.62 to CN¥1.25 per share. Net income forecast to grow 146% next year vs 25% growth forecast for Electronic industry in Hong Kong. Consensus price target down from HK$12.91 to HK$12.36. Share price rose 7.0% to HK$9.66 over the past week. Announcement • Jan 14
Q Technology (Group) Company Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2025 Q Technology (Group) Company Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2025. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the information currently available to the Company and the preliminary review by the Board on the unaudited management accounts of the Group for the year ended 31 December 2025 (the "Year"), it is expected that the consolidated profit of the Group for the Year increased by approximately 400% to 450% as compared to the consolidated profit of the Group of approximately RMB 279,068,000 for the year ended 31 December 2024 (the "Corresponding Period"). The Board believes that the expected significant year-on-year increase in the consolidated profit is primarily due to the following factors: (i) the Group remains unwavering in advancing the Strategic Plan for the Five-Year (2021-2025) Operation and Development of Q Technology (Group) Company Limited 2021-2025 and accelerating the business development of intelligent vision products in non-handset fields. During the Year, the rapid growth of the global intelligent driving and Internet of Things (IoT) smart terminal industries has driven significant increases in both the demand volume and product specifications for camera modules. The Group maintains strong collaborative relationships with globally leading intelligent driving solution providers, handheld imaging device brands, and other leading IoT smart terminal brands, which has enabled the Group to achieve a year-on-year doubling in sales volume of camera modules applied in other fields, thereby contributing to steady year-on-year growth in the Group's revenue; (ii) the Group continues to adhere to a business strategy focused on mid-to-high-end camera modules and fingerprint recognition modules. Sales volumes of periscope camera modules, optical image stabilization camera modules, and ultrasonic fingerprint recognition modules recorded substantial year-on-year growth. The expansion in scale of high-end products has effectively enhanced the added value of the Group's products. Meanwhile, the Group vigorously promotes intelligent transformation and digital upgrading initiatives, achieving significant progress in operational efficiency, development capabilities, quality assurance, and delivery performance compared to the Corresponding Period. The steady growth in revenue, improvement in the product mix, and effective optimization of internal operations collectively contributed to a notable enhancement in the Group's gross profit margin; and (iii) during the Year, the Group completed disposal of approximately 51.08% equity interest in Kunshan Q Tech Microelectronic (India) Private Limited, a subsidiary of the Company (the "Transaction"), from which the Group recorded a gain. Meanwhile, the operating performance of an associate of the Group improved compared to the Corresponding Period, resulting in a share of profits from associates attributable to the Company, whereas a share of losses from associates was recorded in the Corresponding Period. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$9.76, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Electronic industry in Hong Kong. Total returns to shareholders of 168% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$14.28 per share. Buy Or Sell Opportunity • Nov 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to HK$11.30. The fair value is estimated to be HK$14.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. New Risk • Nov 07
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$12.29, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Electronic industry in Hong Kong. Total returns to shareholders of 225% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$14.63 per share. Upcoming Dividend • Sep 26
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 03 October 2025. Payment date: 24 October 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Hong Kong dividend payers (6.8%). Lower than average of industry peers (2.9%). Board Change • Sep 15
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Hiu Ching Hui was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Aug 18
Consensus EPS estimates increase by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥18.4b to CN¥19.4b. EPS estimate increased from CN¥0.498 to CN¥0.623 per share. Net income forecast to grow 65% next year vs 33% growth forecast for Electronic industry in Hong Kong. Consensus price target up from HK$9.86 to HK$12.99. Share price rose 17% to HK$15.27 over the past week. Reported Earnings • Aug 14
First half 2025 earnings: EPS and revenues exceed analyst expectations First half 2025 results: EPS: CN¥0.26 (up from CN¥0.097 in 1H 2024). Revenue: CN¥8.83b (up 15% from 1H 2024). Net income: CN¥308.4m (up 168% from 1H 2024). Profit margin: 3.5% (up from 1.5% in 1H 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 24
Q Technology (Group) Company Limited to Report Q2, 2025 Results on Aug 11, 2025 Q Technology (Group) Company Limited announced that they will report Q2, 2025 results on Aug 11, 2025 Major Estimate Revision • Jul 11
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥18.3b to CN¥18.6b. EPS estimate increased from CN¥0.467 to CN¥0.524 per share. Net income forecast to grow 123% next year vs 32% growth forecast for Electronic industry in Hong Kong. Consensus price target of HK$9.20 unchanged from last update. Share price rose 23% to HK$10.54 over the past week. Announcement • Jul 11
Q Technology (Group) Company Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 June 2025 Q Technology (Group) Company Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2025. For the period, the company expects that the consolidated profit of the Group for the Period increased by approximately 150% to 180% as compared to the consolidated profit of the Group of approximately RMB 115,232,000 for the six months ended 30 June 2024. The Board believes that the expected significant year-on-year increase in the consolidated profit is primarily due to the following factors: (i) during the Period, global smartphone sales remained stable. However, the specifications of camera modules used in smartphones continued to improve. The Group has continued to adhere to its strategy of focusing on mid-to-high-end camera modules and accelerating the development of camera modules for automotive and Internet of Things (IoT) applications. As a result, the sales proportion of mid-to-high-end camera modules continued to increase, with the sales volume of camera modules for automotive and IoT applications growing by approximately 47.9% year-on-year, which has led to a steady year-on-year growth in the Group's revenue during the Period. In addition, the increased proportion of high-end products has contributed to improving the Group's capacity utilization and product added value, thereby further enhancing the gross margin; (ii) during the Period, the sales volume of the Group's fingerprint recognition module products increased by approximately 59.7% compared to that in the Corresponding Period, among which, the combined proportion of optical under-glass fingerprint recognition modules and ultrasonic fingerprint recognition modules reached approximately 66.9%. The dual improvements in sales volume and product mix had led to a significant increase in the revenue of fingerprint recognition module products, with a corresponding improvement in the gross profit margin; and (iii) during the Period, the operating performance of one of the associates of the Company, Newmax Technology Co. Ltd., has improved. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$10.12, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 9x in the Electronic industry in Hong Kong. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$6.28 per share. Announcement • Jun 23
Q Technology (Group) Company Limited Appoints Hui Hiu Ching as Member of the Nomination Committee, Effective July 1, 2025 The board of directors of Q Technology (Group) Company Limited announced that, for the purpose of complying with the revised Corporate Governance Code as set out in Appendix C1 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited to be effective from 1 July 2025, Ms. Hui Hiu Ching ("Ms. Hui"), an independent non-executive director of the Company ("INED"), has been appointed as a member of the nomination committee of the Company (the "Nomination Committee") with effect from 20 June 2025. Ms. Hui currently serves as an INED, the chairlady of the audit committee of the Company, and a member of the remuneration committee and the risk management committee of the Company respectively. The Board believes that her extensive experience, expertise, professionalism and global perspective will make valuable contributions to the diversity of the Board. Buy Or Sell Opportunity • Jun 12
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at HK$7.50. The fair value is estimated to be HK$6.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has declined by 61%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Announcement • May 23
Q Technology (Group) Company Limited Approves Final Dividend for the Year Ended 31 December 2024 Q Technology (Group) Company Limited approved the payment of a final dividend of 10.0 Hong Kong cents (equivalent to approximately 9.3 RMB cents) per share of the Company for
the year ended 31 December 2024, at its AGM held on 23 May 2025. Upcoming Dividend • May 23
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 30 May 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (3.6%). Reported Earnings • Apr 25
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.24 (up from CN¥0.069 in FY 2023). Revenue: CN¥16.2b (up 29% from FY 2023). Net income: CN¥279.1m (up 241% from FY 2023). Profit margin: 1.7% (up from 0.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to HK$5.78, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Electronic industry in Hong Kong. Total returns to shareholders of 4.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$8.20 per share. Reported Earnings • Mar 18
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.24 (up from CN¥0.069 in FY 2023). Revenue: CN¥16.2b (up 29% from FY 2023). Net income: CN¥279.1m (up 241% from FY 2023). Profit margin: 1.7% (up from 0.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Mar 17
Q Technology (Group) Company Limited, Annual General Meeting, May 23, 2025 Q Technology (Group) Company Limited, Annual General Meeting, May 23, 2025. Announcement • Feb 28
Q Technology (Group) Company Limited to Report Fiscal Year 2024 Results on Mar 17, 2025 Q Technology (Group) Company Limited announced that they will report fiscal year 2024 results on Mar 17, 2025 Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to HK$6.55, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Electronic industry in Hong Kong. Total loss to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$10.89 per share. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$5.95, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 9x in the Electronic industry in Hong Kong. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$10.73 per share. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$5.05, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Electronic industry in Hong Kong. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$5.23, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 9x in the Electronic industry in Hong Kong. Total loss to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$4.89, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 8x in the Electronic industry in Hong Kong. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$8.81 per share. Reported Earnings • Aug 14
First half 2024 earnings released: EPS: CN¥0.097 (vs CN¥0.018 in 1H 2023) First half 2024 results: EPS: CN¥0.097 (up from CN¥0.018 in 1H 2023). Revenue: CN¥7.68b (up 40% from 1H 2023). Net income: CN¥115.2m (up 454% from 1H 2023). Profit margin: 1.5% (up from 0.4% in 1H 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Jul 26
Q Technology (Group) Company Limited to Report First Half, 2024 Results on Aug 12, 2024 Q Technology (Group) Company Limited announced that they will report first half, 2024 results on Aug 12, 2024 Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to HK$4.99, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Electronic industry in Hong Kong. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$7.42 per share. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$4.20, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Electronic industry in Hong Kong. Total loss to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$6.86 per share. Major Estimate Revision • Apr 01
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥13.2b to CN¥13.9b. EPS estimate fell from CN¥0.274 to CN¥0.239 per share. Net income forecast to grow 246% next year vs 41% growth forecast for Electronic industry in Hong Kong. Consensus price target down from HK$3.98 to HK$3.84. Share price was steady at HK$3.02 over the past week. Announcement • Mar 26
Q Technology (Group) Company Limited, Annual General Meeting, May 24, 2024 Q Technology (Group) Company Limited, Annual General Meeting, May 24, 2024. Reported Earnings • Mar 26
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.069 (down from CN¥0.14 in FY 2022). Revenue: CN¥12.5b (down 8.9% from FY 2022). Net income: CN¥81.9m (down 52% from FY 2022). Profit margin: 0.7% (down from 1.2% in FY 2022). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 43%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Announcement • Mar 02
Q Technology (Group) Company Limited to Report Fiscal Year 2023 Results on Mar 25, 2024 Q Technology (Group) Company Limited announced that they will report fiscal year 2023 results on Mar 25, 2024 Major Estimate Revision • Feb 09
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥0.167 to CN¥0.129 per share. Revenue forecast steady at CN¥12.4b. Net income forecast to grow 873% next year vs 27% growth forecast for Electronic industry in Hong Kong. Consensus price target broadly unchanged at HK$4.14. Share price rose 17% to HK$3.07 over the past week. Announcement • Jan 24
Q Technology (Group) Company Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2023 Q Technology (Group) Company Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2023. The board of directors of the Company to inform the shareholders of the Company (the "Shareholders") and potential investors that, based on the information currently available to the Company and the preliminary review by the Board on the unaudited management accounts of the Group for the year ended 31 December 2023 (the "Year"), it is expected that the consolidated profit of the Group attributable to the Shareholders for the Year decreased by approximately 35% to 45% as compared to the consolidated profit of the Group attributable to the Shareholders for the year ended 31 December 2022 (the "Corresponding Year"). Announcement • Jan 20
Q Technology (Group) Company Limited (SEHK:1478) acquired 5% stake in Careium AB (Publ) (OM:CARE) from Accendo Capital for for SEK 32.2 million. Q Technology (Group) Company Limited (SEHK:1478) acquired 5% stake in Careium AB (Publ) (OM:CARE) from Accendo Capital for SEK 32.2 million on January 15, 2023. Q Technology acquired 5% stake for SEK 26.5 per share.
Q Technology (Group) Company Limited (SEHK:1478) completed the acquisition of 5% stake in Careium AB (Publ) (OM:CARE) from Accendo Capital on January 15, 2023. Board Change • Jan 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Executive Director, Authorized Representative & Chief Legal Director Fuqiang Fan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Oct 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Major Estimate Revision • Aug 14
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥13.4b to CN¥12.7b. EPS estimate also fell from CN¥0.255 per share to CN¥0.199 per share. Net income forecast to grow 1,152% next year vs 17% growth forecast for Electronic industry in Hong Kong. Consensus price target down from HK$4.51 to HK$4.15. Share price fell 6.9% to HK$3.09 over the past week. Reported Earnings • Aug 08
First half 2023 earnings released: EPS: CN¥0.018 (vs CN¥0.14 in 1H 2022) First half 2023 results: EPS: CN¥0.018 (down from CN¥0.14 in 1H 2022). Revenue: CN¥5.48b (down 23% from 1H 2022). Net income: CN¥20.8m (down 88% from 1H 2022). Profit margin: 0.4% (down from 2.3% in 1H 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 20
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥14.0b to CN¥13.4b. EPS estimate also fell from CN¥0.325 per share to CN¥0.255 per share. Net income forecast to grow 76% next year vs 57% growth forecast for Consumer Durables industry in Hong Kong. Consensus price target down from HK$4.67 to HK$4.51. Share price fell 3.1% to HK$3.14 over the past week. Announcement • Jul 18
Q Technology (Group) Company Limited to Report First Half, 2023 Results on Aug 07, 2023 Q Technology (Group) Company Limited announced that they will report first half, 2023 results on Aug 07, 2023 Reported Earnings • Mar 14
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.14 (down from CN¥0.73 in FY 2021). Revenue: CN¥13.8b (down 26% from FY 2021). Net income: CN¥171.2m (down 80% from FY 2021). Profit margin: 1.2% (down from 4.6% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 22% per year. Announcement • Jan 20
Q Technology (Group) Company Limited Provides Earnings Guidance for the Year Ended 31 December 2022 Q Technology (Group) Company Limited provided earnings guidance for the year ended 31 December 2022. Based on the information currently available to the Company and the preliminary review by the Board on the unaudited management accounts of the Group for the year ended 31 December 2022, which have not been reviewed or audited by the independent auditors and/or the audit committee of the Company,it is expected that the consolidated profit of the Group attributable to the Shareholders for the year ended 31 December 2022 (the "Year") may decrease by approximately 70% to 80% as compared to the consolidated profit of the Group attributable to the Shareholders of approximatelyRMB 862,976,000 for the year ended 31 December 2021. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 22% share price gain to HK$5.12, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$9.41 per share. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 21% share price gain to HK$4.58, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$2.26 per share. Announcement • Nov 18
Q Technology (Group) Company Limited HKD Ordinary Shares (Cayman Islands) to Be Deleted from OTC Equity Q Technology (Group) Company Limited HKD Ordinary Shares (Cayman Islands) will be deleted from OTC Equity effective from November 18, 2022, due to Inactive Security. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 22% share price gain to HK$3.77, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$2.22 per share. Recent Insider Transactions • Sep 22
Executive Chairman of the Board recently bought HK$405k worth of stock On the 15th of September, Ningning He bought around 100k shares on-market at roughly HK$4.05 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$508k. Ningning has been a buyer over the last 12 months, purchasing a net total of HK$913k worth in shares.