Q TECH (01478.HK) October handset camera module shipments fall 45.7% year on year, IoT products up 6.4%

NewTimeSpace News: On November 9, 2026, Q Technology (Group) Company Limited (01478.HK) published its principal product shipment volumes for October 2026. Group handset product shipments reached 38.845 million units, down 22.6% month on month and 37.7% year on year, of which camera modules totalled 23.904 million units, down 34.2% month on month and 45.7% year on year, and biometric modules totalled 14.941 million units, up 8.0% month on month and down 18.6% year on year.

The group said the month-on-month and year-on-year declines in handset products were mainly due to the impact of customer project cycles and weak smartphone demand amid rising memory prices. Automotive product shipments were 999,000 units, down 15.5% month on month and 24.0% year on year, mainly due to customer project cycles, while IoT product shipments were 2.252 million units, down 4.4% month on month and up 6.4% year on year, driven by steady growth in camera modules for XR products and lidar products for drones and other applications.

The joint venture Kunshan Q Tech Microelectronics (India) Private Limited shipped 5.296 million camera modules in October, down 24.1% month on month and up 4.1% year on year, and 1.901 million biometric modules, down 29.4% month on month and up 9.6% year on year. For January to October 2026, cumulative group shipments were 512.519 million handset products, 7.897 million automotive products and 17.547 million IoT products. The company noted that the figures do not constitute actual revenue or profit and have not been reviewed or audited by its independent auditor or audit committee and remain subject to adjustment.