Focus on high-end precision manufacturing, research and development -
China's leading domestic manufacturer of camera module
Q Technology (Group) Company Limited 2019 Reverse Roadshow was Successfully Held 2019-06-21
(21, June 2019) – Q Technology (Group) Company Limited (“Q Technology” or “the Company”, together with its subsidiaries, collectively known as “the Group”, HKSE stock code: 1478.HK) -- one of the leading PRC-based camera module and fingerprint recognition module suppliers focusing on the mid-to-high market for Chinese branded smartphones and tablets -- is pleased to announce that the 2019 Reverse Roadshow of the Company has been successfully held in the Company’s Kunshan headquarter. Over 80 analysts and investors coming from Mainland China, Taiwan, Hong Kong and Singapore participated in the event. Mr. He Ningning, Executive Director and Chairman of the Group, Mr. Wang Jianqiang, Executive Director and Chief Executive Officer of the Group, and Mr. Fan Fuqiang, Chief Financial Officer of the Group, Mr. Liu Tongquan, Assistant General Manager of Kunshan QT China and Mr. Liu Tilun, Vice President of technology center of the Group hosted the meeting and had a deep communication with the participants. The brief of the meeting is as follows:
- Business update of 1H 2019：Attributable by strong market demand on camera modules and the relentless effort of our staff, the Group has delivered a solid operating result in the first five months of 2019. Some of the targets given in the beginning of the year, including the volume growth of camera module and the product mix of fingerprint recognition module, has been exceeded, which laid a good foundation to achieve the full year growth target.
- Massive scale intelligent production：The Group has adopted a step-by-step approach in capacity expansion in the past few years and implemented comprehensive production automation. As of today, the production has been mostly achieved fully automated and digitalized in all major production station, the process of lifting up and down raw material and semi-products, warehouse logistics flow etc. The benchmarking number of workers deployed per million units of products has been largely reduced.
- Trend of product specifications upgrade continues: The Group is committed to three upgrade directions, namely new material, new production know-how and new products to offer smaller, high performance and functionable new camera modules and fingerprint recognition modules, aiming at enhancing the overall ASP and the growth of profit.
- Facilitates vertical integration：The Group is committed in the investment of upstream major components capabilities of intelligence vision and accelerating the integration. The associate lens company Newmax Technology co. Ltd, invested by August 2017, has delivered a solid financial performance in the first four months of 2019, which significantly enhanced the competitiveness of the Group.
The guests were invited to visit the automated production facilities to understand the capacity expansion plan, production automation and the development of high-end camera module. The Group would like to show our gratitude to all the participants of the event and vow to strive our best to create more values for shareholders.