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Q Technology (Group) Co
(1478)
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Rating:66Neutral
Price Target:
HK$6.50
▲(12.85% Upside)
Action:Reiterated
Date:08/25/26
The score is driven primarily by improved financial performance in 2025 and very attractive valuation (low P/E and high dividend yield). These positives are offset by weak technicals (below key moving averages with negative momentum) and increased balance-sheet leverage, which reduces flexibility if the recovery fades.
Positive Factors
Revenue Recovery
The strong 2025 revenue rebound indicates recovering demand for camera modules and optical components, improving operating scale and supporting the company’s ability to rebuild earnings after the weaker 2022–2024 period.
Negative Factors
Higher Leverage
The sharp increase in leverage reduces financial flexibility and raises the sensitivity of earnings and cash flow to weaker device demand. If margins compress again, debt obligations could constrain investment and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
The strong 2025 revenue rebound indicates recovering demand for camera modules and optical components, improving operating scale and supporting the company’s ability to rebuild earnings after the weaker 2022–2024 period.
Read all positive factors
Q Technology (Group) Co (1478) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.66B
Dividend Yield10.1%
Average Volume (3M)7.69M
Price to Earnings (P/E)3.8
Beta (1Y)1.38
Revenue Growth31.14%
EPS Growth215.73%
CountryHK
Employees9,701
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)1.22
Shares Outstanding1,194,890,700
10 Day Avg. Volume8,536,821
30 Day Avg. Volume7,690,684
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.41
Price to Sales (P/S)0.43
P/FCF Ratio6.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$9.08Price Target Upside57.55% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.57
Revenue Forecast (FY)HK$22.41B
Q Technology (Group) Co Business Overview & Revenue Model
Company Description
Q Technology (Group) Company Limited operates as an investment holding enterprise, primarily focused on the global research, development, design, manufacturing, and distribution of camera and fingerprint identification modules. These components ar...
How the Company Makes Money
Q Technology makes money primarily by selling optical hardware to downstream device makers and original design/manufacturing customers (e.g., smartphone and other consumer electronics supply chains). Its revenue model is product-sales driven: (1) ...
Q Technology (Group) Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.97B | 20.88B | 16.15B | 12.53B | 13.76B | 18.66B |
| Gross Profit | 1.62B | 1.62B | 984.90M | 508.86M | 541.34M | 1.76B |
| EBITDA | 1.15B | 1.20B | 756.48M | 683.10M | 633.86M | 1.54B |
| Net Income | 1.46B | 1.49B | 279.07M | 81.92M | 171.15M | 862.98M |
Balance Sheet | ||||||
| Total Assets | 19.92B | 19.78B | 14.45B | 14.94B | 12.29B | 13.05B |
| Cash, Cash Equivalents and Short-Term Investments | 6.97B | 6.27B | 2.92B | 3.82B | 3.04B | 1.79B |
| Total Debt | 7.66B | 5.89B | 2.45B | 4.39B | 2.64B | 1.79B |
| Total Liabilities | 13.58B | 13.36B | 9.36B | 10.11B | 7.52B | 8.34B |
| Stockholders Equity | 6.35B | 6.42B | 5.09B | 4.83B | 4.76B | 4.70B |
Cash Flow | ||||||
| Free Cash Flow | -180.02M | 1.39B | 965.44M | -378.78M | 1.05B | 1.60B |
| Operating Cash Flow | 373.19M | 1.98B | 965.44M | -378.78M | 1.05B | 1.60B |
| Investing Cash Flow | -1.73B | -3.09B | -1.04B | 366.72M | -1.94B | -880.47M |
| Financing Cash Flow | 1.46B | 1.75B | -1.37B | 1.55B | 468.48M | -942.20M |
Q Technology (Group) Co Technical Analysis
Negative
5.76
Price Trends
6.58
Negative
7.46
Negative
7.97
Negative
Market Momentum
-0.33
Positive
32.32
Neutral
15.91
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1478, the sentiment is Negative. The current price of 5.76 is below the 20-day moving average (MA) of 6.06, below the 50-day MA of 6.58, and below the 200-day MA of 7.97, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 32.32 is Neutral, neither overbought nor oversold. The STOCH value of 15.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1478.
Q Technology (Group) Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$20.76B | 12.19 | 28.59% | 1.46% | 14.86% | 28.59% | |
66 Neutral | HK$6.66B | 3.81 | 22.89% | 10.10% | 31.14% | 215.73% | |
65 Neutral | HK$54.30B | 20.79 | 6.40% | 0.75% | 4.29% | -49.39% | |
62 Neutral | HK$75.15B | 13.41 | 16.45% | 1.75% | 20.36% | 51.70% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$2.41B | 10.42 | 2.40% | 12.12% | -11.48% | -7.38% | |
48 Neutral | HK$38.92B | 29.50 | 6.00% | 2.29% | 11.05% | 6.56% |
* Technology Sector Average
HK:1478
Q Technology (Group) Co
5.45
-8.43
-60.76%
HK:0285
BYD Electronic (International) Co
23.86
-18.38
-43.52%
HK:2382
Sunny Optical Technology (Group) Co
69.10
-11.11
-13.85%
HK:0732
Truly International Holdings
0.83
-0.27
-24.79%
HK:1415
Cowell e Holdings Inc.
23.90
-9.68
-28.84%
HK:6088
FIT Hon Teng Limited
5.28
0.68
14.67%
Q Technology (Group) Co Corporate Events
Q Technology’s Revenue Climbs on Automotive and IoT Demand as Margins Tighten
Aug 24, 2026
Q Technology reported unaudited revenue of RMB9.92 billion for the six months ended 30 June 2026, up 12.4% year-on-year, driven by strong growth in camera modules and LiDAR products for mobile, IoT and especially automotive applications, where rev...
Q Technology Declares Interim Cash Dividend for First Half of 2026
Aug 24, 2026
Q Technology (Group) Company Limited, a Hong Kong-listed technology hardware group, announced an interim ordinary cash dividend for the six months ended 30 June 2026. The board is led by chairman He Ningning and chief executive officer Hu Sanmu, s...
Q Technology Sets Book Closure and Record Date for Extraordinary General Meeting
Aug 21, 2026
Q Technology (Group) Company Limited has announced arrangements for shareholder participation in an upcoming extraordinary general meeting, setting out the timetable and procedural requirements for investors to exercise their voting rights. The re...
Q Technology Calls Extraordinary Meeting to Approve QT Investment Deal
Aug 21, 2026
Q Technology (Group) Company Limited has called an extraordinary general meeting for 11 September 2026 in Shenzhen. Shareholders are invited to vote on an ordinary resolution concerning a purchase framework agreement with QT Investment and related...
Q Technology July Shipments Hit by Smartphone Weakness but India JV and Non-Phone Demand Grow
Aug 10, 2026
Q Technology reported that its July 2026 sales volumes of camera modules and LiDAR declined month on month and year on year overall, with mobile phone camera modules down amid weak smartphone demand linked to rising memory prices. However, lower-p...
Q Technology Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 6, 2026
Q Technology (Group) Company Limited has scheduled a board meeting for 10:45 a.m. on 24 August 2026 to review and approve the unaudited consolidated financial results for the six months ended 30 June 2026, signaling the forthcoming release of its ...
Q Technology Reshapes Connected Procurement Deals With New QT Investment Framework
Jul 27, 2026
Q Technology (Group) Company Limited has terminated its existing continuing connected transaction with Heyuan Youhua, ending the prior purchase agreement once a specified effective date is reached while keeping it valid until then. The move marks ...
Q Technology Posts Strong Camera Module Growth Amid Weak Biometric Demand
Jul 10, 2026
Q Technology reported June 2026 total sales of 41.5 million camera module and LiDAR units, up 20.8% year-on-year but down 12.6% month-on-month, driven by expanded cooperation with domestic and international mobile phone customers and rising automo...
Q Technology’s May Camera Module Shipments Surge as Biometric Volumes Weaken
Jun 9, 2026
Q Technology reported that in May 2026 its total camera module and LiDAR shipments reached 47.484 million units, up 8 percent month on month and 40 percent year on year, driven by deeper cooperation with core customers, including overseas clients....
Q Technology to Reverse RMB75 Million Tax Provision After India Ruling
Jun 5, 2026
Q Technology (Group) Company Limited announced that an Indian tax authority has issued a revised income tax computation and demand notice to its joint venture Kunshan Q Tech Microelectronic (India) Private Limited, reducing tax payable for the fin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.