Qu Titanium Technologies issued a profit warning, which expects the combined profit to shareholders in 2023 to fall by about 35% to 45% compared to 2022. The decline was mainly due to a drop in global smartphone sales, a weak RMB against the US dollar, and widening operating losses at a joint venture. Despite this, the company's camera module and fingerprint recognition module sales and gross margin improved in the second half of the year, and the Board remains confident in the long-term outlook. The company will announce detailed annual results in late March 2024.

Qu Titanium Technologies issued a profit warning, which expects the combined profit to shareholders in 2023 to fall by about 35% to 45% compared to 2022. The decline was mainly due to a drop in global smartphone sales, a weak RMB against the US dollar, and widening operating losses at a joint venture. Despite this, the company's camera module and fingerprint recognition module sales and gross margin improved in the second half of the year, and the Board remains confident in the long-term outlook. The company will announce detailed annual results in late March 2024.