Zhitong Financial App News, Qiu Ti Technology (01478) issued an announcementFor the year ended December 31, 2017, the company's revenue was 7.939 billion yuan (the same below), an increase of 59.1% over the same period last year; profit attributable to owners of the company was 436 million yuan, up 128.7% from the same period last year; gross profit margin for the period was 11.1%, up 2.6% from the same period last year; profit per share was 0.398 yuan, and the final dividend was 0.078 yuan per share..

The main reason for the increase in revenue over the same period last year is that in the face of fierce market competition, although the number of camera module shipments decreased by about 2.8% compared with the same period last year, the optimization of the product structure of camera module obviously resulted in an increase in the average sales unit price of camera module by about 42.0% compared with the same period last year. As a result, the sales revenue of camera modules increased steadily by about 38.1%. And although the average sales unit price of fingerprint recognition module decreased by about 26.2% compared with the same period last year, its sales volume increased by about 285.5% year-on-year, so that the overall sales revenue of fingerprint recognition module increased by about 184.4% compared with the same period last year.

The profit growth is mainly due to the decrease in the number of camera module shipments compared with the same period last year, but the optimization of the product structure of the camera module has obviously led to a steady increase in the average sales unit price of the camera module compared with the same period last year, resulting in a steady growth in sales revenue of the camera module; the obvious optimization of the product structure of the camera module has increased the added value of the camera module products, resulting in a year-on-year increase in the gross profit margin of the camera module products. And although the average sales unit price of fingerprint recognition module decreased compared with the same period last year, its sales volume increased significantly compared with the same period last year, so that the overall sales revenue of fingerprint recognition module still increased significantly compared with the same period last year.

In addition, the increase in gross profit margin was mainly due to the obvious optimization of the product structure of camera modules, and the proportion of dual camera modules and single camera modules with 13 million pixels or more increased significantly compared with the same period last year, resulting in an increase in the added value of camera module products. as a result, the gross profit margin of camera module products is higher than the same period last year.

The company said that looking forward to 2018, even though the market opportunities and challenges coexist, however, under the macro situation of the continued high-end camera modules of mobile terminals, the increasing improvement and popularity of dual-camera module solutions, the momentum of 3D structured light module products and the increasing popularity of smartphone mobile payment, the board of directors is cautiously optimistic about the development of camera module and fingerprint recognition module business in 2018.

The company strives to achieve a year-on-year growth of about 10% to 20% of camera module shipments in 2018. Fingerprint identification module shipments in 2018 increased by about 20% to 30% year on year. Continue to review customer demand and the group's business development, and gradually expand the camera module production capacity to no more than 45 million per month by the end of 2018, including about 10 million dual camera modules per month.