Summary by Futu AI
Q Tech released their performance report for the first half of 2024, with unaudited revenue of approximately RMB 7,675,142,000, a year-on-year increase of 40.1%. Gross profit was approximately RMB 400,099,000, and gross margin increased from 3.4% to 5.2%. Net profit increased significantly to approximately RMB 115,232,000, a year-on-year increase of 431.2%. Basic and diluted earnings per share were both RMB 0.097. The increase in revenue was mainly due to the growth in sales of camera modules and the increase in cooperation with major global smartphone brands. The company continues to promote its high-end product strategy, with camera modules of more than 32 million pixels accounting for 49.2% of sales. In the future, the company will continue to deepen its intelligent manufacturing and new technology research and development, and strengthen its international layout to maintain long-term competitiveness.