公告称，摄像头模组产品销售数量同比明显增长，主要是由于集团于手机摄像头模组业务的市场份额上 升，以及应用于物联网(IoT)及智能汽车领域的摄像头模组销售数量均同比大幅增长。 指纹识别模组产品销售数量环比增长主要是由于客户项目周期影响，同比增长主要是由于集团于指纹识 别模组业务的市场份额上升，超声波指纹识别模组销售数量同比大幅增长。 丘钛科技(01478)公布，于2025年8月，摄像头模组销售数量合计4707.9万件，环比增长18.4%，同比增长 44.3%。指纹识别模组销售数量合计2059万件，环比增长43%，同比增长27.8%。 ...

格隆汇9月8日｜丘钛科技(1478.HK)公布，8月摄像头模组销售4707.9万件，同比升44.3%。8月手机摄像 头模组销售4446.7万件，同比升40.2%；其中，3200万像素以下占2399.9万件，升56.3%；3200万像素及 以上占2046.8万件，升25.2%。8月指纹识别模组销售2059万件，同比升27.8%。 ...

人民财讯9月8日电，丘钛科技在港交所公告，8月手机摄像头模组销量4446.7万件，环比增长17.5%，同 比增长40.2%。 ...

公告表示，摄像头模组产品销售数量同比明显增长，主要是由于集团于手机摄像头模组业务的市场份额 上升，以及应用于物联网(IoT)及智能汽车领域的摄像头模组销售数量均同比大幅增长。此外，指纹识 别模组产品销售数量环比增长主要是由于客户项目周期影响，同比增长主要是由于集团于指纹识别模组 业务的市场份额上升，超声波指纹识别模组销售数量同比大幅增长。 格隆汇9月8日丨丘钛科技(01478.HK)披露2025年8月主营产品销售数据，当月摄像头模组销售合计 4707.9万件，环比增加18.4%，同比增加44.3%；其中，手机摄像头模组销售4446.7万件，环比增加 17.5%，同比增加40.2%。当月指纹识别模组销售数量合计2059万件，环比增长43.0%，同比增长 27.8%。 ...

公告称，摄像头模组产品销售数量同比明显增长，主要是由于集团于手机摄像头模组业务的市场份额上 升，以及应用于物联网(IoT)及智能汽车领域的摄像头模组销售数量均同比大幅增长。 智通财经APP讯，丘钛科技(01478)公布，于2025年8月，摄像头模组销售数量合计4707.9万件，环比增 长18.4%，同比增长44.3%。指纹识别模组销售数量合计2059万件，环比增长43%，同比增长27.8%。 指纹识别模组产品销售数量环比增长主要是由于客户项目周期影响，同比增长主要是由于集团于指纹识 别模组业务的市场份额上升，超声波指纹识别模组销售数量同比大幅增长。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 | （千件） | | | | | | | 2025年主營產品銷售數量 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 產品類別 | 1月 | 2月 | 3月 | 4月 | 5月 | 6月 | 7月 | 8月 | 9月 | 10月 | 11月 | 12月 總計 | | 手機攝像頭模組 | 34,699 | 22,914 | 29,442 | 31,783 | 32,380 | 32,648 | 37,836 | 44,467 | – | – | – | – 266,169 | | 其他領域攝像頭模組 | 1,198 | 997 | 1,199 | 1,446 | 1,543 | 1,700 | 1,914 | 2,612 | – | – | – | – 12,609 ...

Core Viewpoint - The company reported strong financial performance for the first half of 2025, with significant growth in revenue and net profit, driven by advancements in camera module and fingerprint recognition module businesses [1][2][3]. Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of RMB 8.832 billion, a year-on-year increase of 15.07% [1] - The net profit attributable to shareholders reached RMB 308 million, up 167.59% year-on-year [1] - The non-GAAP net profit attributable to shareholders was RMB 259 million, reflecting a substantial increase of 512.40% year-on-year [1] Group 2: Camera Module Business - The smartphone camera module segment saw a shift towards high-end specifications, with modules of 32 million pixels and above accounting for approximately 53.4% of total smartphone modules, an increase of about 5.5 percentage points year-on-year [1] - Sales of periscope camera modules reached approximately 10.6 million units, a year-on-year increase of about 5.9 times [1] - The average selling price of camera modules rose to approximately RMB 41.5, up 27.2% year-on-year and 16.1% quarter-on-quarter [1] Group 3: Non-Smartphone Camera Module Business - The company’s non-smartphone camera module business, particularly in automotive and IoT sectors, showed robust growth with shipments of 8.084 million units, a year-on-year increase of 47.9% [2] - The company has established partnerships with seven leading global automotive Tier 1 manufacturers and received supplier qualifications from 34 first-line automotive brands [2] - The sales guidance for non-smartphone camera modules has been revised from a year-on-year growth of no less than 40% to no less than 60% [2] Group 4: Fingerprint Recognition Module Business - The fingerprint recognition module business generated revenue of RMB 830 million, a year-on-year increase of 109.3% [3] - Shipment volume reached 94.36 million units, reflecting a year-on-year growth of 59.7% [3] - The average selling price increased by 31.1% year-on-year, contributing to improved sales revenue and gross margin [3] Group 5: Strategic Investments and Partnerships - The company increased its stake in New Giant Technology to 41.8%, enhancing its capabilities in smartphone, IoT, and NB lens technology [4] - New Giant Technology reported a revenue increase of 19.8% year-on-year, with a gross margin improvement from approximately 7.9% to 12.3% [4] - The company became the largest shareholder of Norwegian listed company poLight, focusing on TLens and semiconductor piezoelectric motors [4]

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Insights - The company has shown strong growth in its camera module business, particularly in the automotive and IoT sectors, with a significant increase in both revenue and profit margins [3][4][5]. - The company reported a revenue of RMB 8.832 billion for the first half of 2025, representing a year-on-year increase of 15.07%, and a net profit of RMB 308 million, which is a remarkable increase of 167.59% [3]. - The average selling price of camera modules has increased by approximately 27.2% year-on-year, driven by the optimization of product structure [4]. Company Overview - The latest closing price is HKD 14.16, with a total market capitalization of HKD 168.44 billion [2]. - The company has a debt-to-asset ratio of 65.06% and a price-to-earnings ratio of 32.96 [2]. Business Segments - The smartphone camera module segment has seen a shift towards high-end specifications, with modules of 32 million pixels and above accounting for about 53.4% of total sales, an increase of 5.5 percentage points year-on-year [4]. - In the non-smartphone sector, the company shipped 8.084 million camera modules for automotive and IoT applications, marking a year-on-year growth of 47.9% [5]. - The fingerprint recognition module business also experienced significant growth, with revenue reaching RMB 830 million, a year-on-year increase of 109.3% [6][8]. Financial Projections - The company is projected to achieve revenues of RMB 19.124 billion, RMB 21.705 billion, and RMB 24.472 billion for the years 2025, 2026, and 2027, respectively [10]. - The net profit forecast for the same years is RMB 745 million, RMB 938 million, and RMB 1.102 billion, indicating strong growth potential [10]. Strategic Developments - The company has deepened its vertical integration in smart vision systems, enhancing its capabilities in smartphone, IoT, and NB sectors through strategic investments [9]. - The company has established partnerships with seven leading automotive Tier 1 manufacturers, which supports its growth in the automotive camera module market [5].

Economic Environment - For the six months ended June 30, 2025, the Group's revenue was impacted by a volatile global macroeconomic environment, with global economic growth projected to slow from 2.9% in 2024 to 2.4% in 2025[12] - The U.S. Federal Reserve's pause on interest rate cuts has created uncertainty in monetary policy outlooks, affecting global economic development[12] - The ongoing geopolitical tensions, including military conflicts and tariff negotiations, have posed challenges to global political and economic cooperation[12] - As of June 30, 2025, global economic growth is projected to slow from 2.9% in 2024 to 2.4% in 2025, with the US and China expected to grow at 1.6% and 4.6% respectively[13] - The IMF expects the world economy to grow by 3% in 2025 and 3.1% in 2026, indicating a positive outlook for global economic resilience[34] Market Performance - In Q2 2025, global smartphone shipments increased by 1.0% year-on-year to 295.2 million units, marking eight consecutive quarters of growth, the longest streak since 2013[15][16] - The cumulative transaction amount of digital camera products increased by over 80% year-on-year, with action cameras seeing a 112% increase in transaction value[17][18] - Cumulative automobile sales in China for the first half of 2025 reached 15.653 million units, representing an 11.4% year-on-year increase, while new energy vehicle sales increased by 40.3% to 6.937 million units[20][21] - The smartphone market's resilience amidst geopolitical tensions and tariff complexities signals a solid foundation for future demand[15][16] - The demand for high-end smartphones remains resilient, with global shipments of smartphones priced above US$600 increasing by 12% year-on-year in Q1 2025[37] Technological Advancements - The Group is focused on the mid-to-high end camera and fingerprint recognition module market, with products ranging from 2 mega pixels to 200 mega pixels, including ultra-thin camera modules and various fingerprint recognition technologies[10] - The Group has adopted advanced manufacturing technologies such as chip on board (COB) and molding on board (MOB) to enhance production capabilities[10] - The Group's commitment to R&D in new technologies and large-scale intelligent manufacturing aims to strengthen its position in the rapidly growing camera module and fingerprint recognition markets[10] - The Group aims to enhance its capabilities in optical designs, computational imaging, and system integration to become a leader in intelligent vision solutions[10] - The development of AI technology continues to drive the global transition into a new AI era, with smart visual products becoming increasingly important in various applications[13] Sales and Revenue - The Group's revenue for the period reached approximately RMB 8.83 billion, representing a year-on-year increase of 15.1% compared to RMB 7.68 billion in the corresponding period[48] - Revenue increased by approximately 15.1% compared to the Corresponding Period, contributing to the profit growth[28] - The Group's gross profit reached approximately RMB654,051,000, representing a year-on-year increase of approximately 63.5%[27] - Gross profit margin improved to approximately 7.4%, an increase of about 2.2 percentage points year-on-year[27] - Sales volume of fingerprint recognition modules reached approximately 94.357 million units, a year-on-year increase of approximately 59.7%[25] Product Development - The Group's intelligent vision products are increasingly recognized as essential for information interaction in the AI era, leading to expanding applications and product upgrades[12] - Sales volume of mid-to-high-end camera modules (32 megapixels and above) accounted for approximately 53.4% of total mobile phone camera module sales, an increase of about 5.5 percentage points from 47.9% in the Corresponding Period[22] - Sales volume of camera modules applied to non-handset fields such as automotive and IoT increased by approximately 47.9% year-on-year, with their proportion of total camera module sales rising from approximately 2.5% to 4.2%[22] - The average selling price of camera modules rose from approximately RMB32.59 to RMB41.45, representing an increase of approximately 27.2%[22] - Sales volume of ultrasonic fingerprint recognition modules increased approximately 33.62 times year-on-year, reaching about 13.638 million units, and grew approximately 68.4% sequentially compared to the second half of 2024[25] Strategic Planning - The Group's Five-Year Strategic Plan (2021-2025) has shown notable improvements in market positioning and technological capabilities for mobile phone camera modules and fingerprint recognition modules[32] - The management team focused on enhancing technology for mid-to-high-end mobile phone camera modules and expanding market presence in IoT, leading to improved product mix and revenue quality[32] - The Group aims to fulfill the objectives outlined in its Five-Year Strategic Plan by mobilizing all resources to face challenges head-on[32] - The Group is advancing its vertical chain integration strategy centered around intelligent vision system products to enhance core competitiveness[32] Financial Management - The cost of sales increased to approximately RMB8,177,461,000, up approximately 12.4% from RMB7,275,043,000 in the Corresponding Period, primarily due to increased material and labor costs driven by higher sales revenue[51] - Other income decreased to approximately RMB89,316,000, down approximately 55.5% from RMB200,818,000 in the Corresponding Period, mainly due to lower interest income and fair value changes on financial instruments[55] - Selling and distribution expenses rose to approximately RMB12,804,000, an increase of approximately 16.6% compared to RMB10,984,000 in the Corresponding Period, attributed to expanded market activities[56] - Finance costs decreased to approximately RMB55,600,000, down approximately 31.2% from RMB80,872,000 in the Corresponding Period, primarily due to lower interest rates and reduced bank borrowing[62] - The Group recorded a share of gain from associates of approximately RMB48,041,000, a turnaround from a loss of approximately RMB14,137,000 in the Corresponding Period, mainly due to Newmax Technology achieving profitability[63] Employee and Workforce - The total number of staff increased to 10,297 as of June 30, 2025, compared to 9,396 as of June 30, 2024, reflecting the company's commitment to workforce expansion[102] - The total remuneration for staff during the period was approximately RMB581,548,000, up from approximately RMB508,881,000 in the corresponding period, highlighting the company's investment in employee compensation[102] Share Options and Incentives - The total number of Shares available for issue under the Share Option Scheme is 109,559,700 shares, representing approximately 9.21% of the total number of 1,189,531,475 Shares in issue as of September 1, 2025[115] - The Share Option Scheme was terminated on June 28, 2024, and no options are available for grant as of January 1, 2025, and June 30, 2025[115] - The maximum entitlement of each Eligible Participant under the Share Option Scheme is limited to 1% of the Shares in issue at the date of grant[118] - The Share Scheme adopted on June 28, 2024, aims to provide incentives to Employee Participants to promote the Group's business development and success[142] - The performance target for 7,344,000 share options is contingent upon the Group's audited profit before taxation for the year ending December 31, 2025, being not less than RMB 300 million[180]

Core Viewpoint - The news highlights the strong performance of Apple-related stocks in the Hong Kong market, driven by analyst predictions regarding Apple's upcoming foldable devices, including the iPhone and iPad, which are expected to significantly increase sales volumes in the coming years [1] Group 1: Stock Performance - Most Apple-related stocks in the Hong Kong market showed strong gains, with notable increases: - GoerTek rose by 6% - Lens Technology and BYD Electronics increased by nearly 5% - AAC Technologies rose by 4% - Q Technology increased by 2.6% - Sunny Optical rose by 2% - FIH Mobile saw a slight increase of 0.19% [1] Group 2: Product Launch Plans - Analyst Ming-Chi Kuo revealed that Apple plans to launch its first foldable iPhone in 2026 and a foldable iPad in 2028, both utilizing ultra-thin glass cover solutions supplied exclusively by Corning [1] - The estimated shipment volumes for the foldable iPhone have been revised upwards to 8-10 million units for 2026 and 20-25 million units for 2027, compared to previous estimates of 6-8 million and 10-15 million units respectively [1] - For the foldable iPad, Apple anticipates a higher pricing strategy, with a display area of 18 to 20 inches when unfolded, and an estimated first-year shipment of 500,000 to 1 million units [1]