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Q Technology (Group) Co
(1478)
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Rating:66Neutral
Price Target:
HK$5.00
â–¼(-13.19% Downside)
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 2025 revenue rebound indicates renewed demand for the company’s camera modules and optical components after several weaker years. If maintained, stronger sales can improve operating leverage, support customer relationships, and provide a firmer base for earnings over the next several quarters.
Negative Factors
Higher Leverage
The substantial increase in debt relative to equity reduces financial flexibility just as the company remains exposed to demand and margin fluctuations. Higher leverage can increase pressure on cash flows and restrict the ability to fund growth or absorb another downturn if the recovery weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
The 2025 revenue rebound indicates renewed demand for the company’s camera modules and optical components after several weaker years. If maintained, stronger sales can improve operating leverage, support customer relationships, and provide a firmer base for earnings over the next several quarters.
Read all positive factors
Q Technology (Group) Co (1478) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.38B
Dividend Yield12.21%
Average Volume (3M)3.21M
Price to Earnings (P/E)3.1
Beta (1Y)1.44
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. Volume2,995,093
30 Day Avg. Volume3,214,269
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$9.33Price Target Upside62.04% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
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...
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 | 1.29B | 1.30B | 861.24M | 683.10M | 633.86M | 1.57B |
| 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
5.18
Negative
6.10
Negative
7.16
Negative
Market Momentum
-0.17
Negative
34.80
Neutral
29.78
Neutral
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 above the 20-day moving average (MA) of 4.78, above the 50-day MA of 5.18, and below the 200-day MA of 7.16, indicating a bearish trend. The MACD of -0.17 indicates Negative momentum. The RSI at 34.80 is Neutral, neither overbought nor oversold. The STOCH value of 29.78 is Neutral, 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$18.18B | 10.66 | 28.59% | 1.67% | 14.86% | 28.59% | |
68 Neutral | HK$69.14B | 12.21 | 16.45% | 1.91% | 20.36% | 51.70% | |
66 Neutral | HK$5.38B | 3.13 | 22.89% | 12.21% | 31.14% | 215.73% | |
65 Neutral | HK$49.12B | 18.88 | 6.40% | 0.82% | 4.29% | -49.39% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | HK$2.35B | 10.23 | 2.40% | 9.88% | -11.48% | -7.38% | |
50 Neutral | HK$23.77B | 18.73 | 6.00% | 2.29% | 11.05% | 6.56% |
* Technology Sector Average
HK:1478
Q Technology (Group) Co
4.50
-8.54
-65.48%
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0.81
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-42.54%
Q Technology (Group) Co Corporate Events
Q Technology revamps company secretarial and governance structure
Oct 27, 2026
Q Technology (Group) Company Limited has announced a governance reshuffle effective 27 October 2026, with company secretary Mr. Cheng Zhihua stepping down from his roles as company secretary, authorised representative and process agent in Hong Kon...
Q Technology chairman writes European put options on 0.47% stake
Oct 20, 2026
Q Technology (Group) Company Limited has disclosed that its chairman and executive director, He Ningning, has entered into a series of European put option contracts with an independent third party, covering a total of 5,588,640 company shares, or ...
Q Technology Sees Smartphone Volumes Slide as Automotive and IoT Sales Gain
Oct 12, 2026
Q Technology reported that September 2026 sales volumes fell for mobile products, with camera modules and biological recognition modules both declining year-on-year amid weak global smartphone demand and rising memory prices. In contrast, automoti...
Q Technology Executive Director Increases Stake with On-Market Share Purchase
Sep 23, 2026
Q Technology (Group) Company Limited reported that executive director Fan Fuqiang purchased 218,000 company shares on the market on 23 September 2026, raising his total holding to 3,028,000 shares, or about 0.25% of the company’s issued shar...
Q Technology Shareholders Approve QT Investment Purchase Framework Deal
Sep 11, 2026
Shareholders of Q Technology (Group) Company Limited have approved an ordinary resolution at an extraordinary general meeting held on 11 September 2026 in Hong Kong. The vote was conducted by poll, with independent shareholders casting 115,820,016...
Q Technology Sees Smartphone Weakness but Strong LiDAR and IoT Growth in August Shipments
Sep 10, 2026
Q Technology (Group) Company Limited, a supplier of camera modules, biometric recognition components and LiDAR products for mobile, automotive and IoT applications, reported mixed shipment trends for August 2026, revealing ongoing challenges in it...
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 ...
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.