消息面上，丘钛科技公布业绩，预计上半年收益88.32亿元人民币，同比升15.1%；纯利3.08亿元，同比 增长167.6%；每股盈利26分。派中期息15港仙，为集团上市以来首度派中期息。公司表示，溢利增加 主要是由于营业收入较同期稳健增长、毛利率按年提升，以及联营公司新巨科技的经营业绩由亏转盈。 智通财经APP获悉，丘钛科技(01478)再涨超5%，截至发稿，涨1.91%，报13.31港元，成交额4801.1万港 元。 中金表示，公司业绩处于预告中枢，超出此前预期，主因非手机CCM和FPM销量高增释放利润弹性， 同时联营公司扭亏为盈。该行表示，由于非手机CCM和FPM销量及盈利超预期，同时联营公司业绩改 善，上调公司2025年/2026年盈利预测44%/41%至7.02/8.52亿元。维持"跑赢行业"评级，由于非手机收入 增速超预期，且中长期成长业务布局全面，上调目标价67%至14.97港元。 ...

Core Viewpoint - CICC has raised its profit forecasts for QiuTai Technology (01478) for 2025 and 2026 by 44% and 41% respectively, due to better-than-expected sales and profitability in non-mobile CCM and FPM segments, as well as improved performance from joint ventures [1] Group 1: Financial Performance - In 1H25, QiuTai's revenue increased by 15% year-on-year to 8.83 billion, while net profit attributable to shareholders surged by 168% to 308 million, exceeding CICC's previous expectations [2] - The significant profit growth in 1H25 was driven by product upgrades and improved market conditions, with CCM and FPM revenues growing by 10% and 109% respectively [2] - The gross margin in 1H25 improved by 2.2 percentage points to 7.4%, with CCM and FPM gross margins increasing by 1.0 percentage points and 15.4 percentage points respectively [2] Group 2: Mobile Product Strategy - In a stable smartphone market, QiuTai is focusing on optimizing the product structure of mobile CCM and FPM, with periscope camera module sales reaching 10.6 million units in 1H25, a year-on-year increase of 590% [3] - The company aims to continue promoting high-end mobile business in 2H25, which is expected to drive revenue and profitability growth [3] Group 3: Non-Mobile Growth Engines - In 1H25, IoT and automotive CCM sales increased by 48%, with the company raising its full-year guidance to a 60% year-on-year growth, supported by the high demand for handheld smart imaging devices and drones [4] - The company is expanding its capabilities in various fields such as XR and robotics through self-research, investment, and acquisitions, aiming to build a smart vision product platform for long-term growth [4]

Core Viewpoint - Hillstone Technology (01478) reported strong financial results for the first half of the year, with significant increases in revenue and profit, leading to a rise in stock price and a positive outlook from analysts [1] Financial Performance - Expected revenue for the first half is 8.832 billion RMB, a year-on-year increase of 15.1% [1] - Net profit is projected at 308 million RMB, reflecting a substantial year-on-year growth of 167.6% [1] - Earnings per share are estimated at 0.26 RMB [1] - The company declared an interim dividend of 0.15 HKD, marking the first interim dividend since its listing [1] Drivers of Growth - The increase in profit is attributed to steady growth in operating income, improved gross margin, and the turnaround of the joint venture, New Giant Technology, from loss to profit [1] - CICC noted that the company's performance exceeded previous expectations, primarily due to high sales growth in non-mobile CCM and FPM, which released profit elasticity [1] Analyst Outlook - CICC raised the profit forecasts for 2025 and 2026 by 44% and 41% respectively, now estimating profits of 702 million RMB and 852 million RMB [1] - The firm maintained an "outperform" rating, citing the unexpected growth in non-mobile revenue and comprehensive long-term growth strategies [1] - Target price was increased by 67% to 14.97 HKD [1]

1H25利润增长明显主因：1)产品升级及景气度提升带动收入快速增长，其中CCM/FPM收入同比增长 10%/109%：IoT和车载CCM受益于行业高景气，1H25销量同比增长48%，收入占CCM比例同比提升 14.3ppt至23.9%;FPM得益于低基数和份额提升，1H25销量同比增长60%，同时高单价产品占比提升，进 一步推动收入增长;手机CCM在公司高端化策略下销量同比下降15%，但32MP及以上销量占比同比提升 5.5ppt至53%，该行认为单价提升或一定程度弥补销量下降。2)受益于稼动率改善和产品结构优化， 1H25毛利率同比提升2.2ppt至7.4%，其中CCM/FPM毛利率同比提升1.0ppt/15.4ppt至6.6%/11.7%。3)联营 公司新钜科扭亏为盈。 手机相关产品结构优化，有望维持稳健增长 在手机大盘平稳的背景下(IDC统计1H25全球智能手机出货量同比增长1.3%)，公司聚焦于手机CCM和 FPM的产品结构优化，1H25潜望式摄像模组销量为1,060万颗，同比增长5.9倍，显著高于手机CCM整体 增速，FPM中超声波的占比由去年同期不足1%提升至14%。展望2H25，该行认为公司或将 ...

花旗集团分析师将香港上市公司丘钛科技的目标价提高了一倍多至17.9港元，此前该公司上调了今年的 出货量指引。花旗给予该股买入评级，目标价从8.8港元上调至17.9港元。 ...

Major Events - Tianyue Advanced (02631) plans to globally offer 47.7457 million H-shares from August 11 to August 14 [1] - Hengrui Medicine (01276) has its injection drugs listed in the proposed breakthrough treatment varieties public notice [1] - Shoucheng Holdings (00697) invests in Southern Universal Data Center REIT and Southern Runze Technology Data Center REIT [1] - Boyaa Interactive (00434) is included in the MSCI Global Small Cap Index [1] Financial Performance - Yum China (09987) reports a net profit of $507 million, an increase of 1.6% year-on-year [1] - Master Kong Holdings (00322) announces a profit attributable to shareholders of 2.271 billion yuan, up 20.5% year-on-year [1] - Q Tech (01478) reports a profit of 308 million yuan, a significant increase of 167.59% year-on-year [1] - Hang Wan Technology (01523) announces a net profit of approximately $21.665 million, up about 13.4% year-on-year, with a dividend of 12.34 HK cents per share [1] - Ruipu Lanjun (00666) reports a gross profit of approximately 829 million yuan, a year-on-year growth of 177.8% [1] - Kingdee International (00268) sees a revenue increase of 11.24% to 3.192 billion yuan, with strong growth in cloud business [1] - Yuyuan Group (00551) reports a profit attributable to shareholders of $171 million, a decrease of 7.2% year-on-year [1] - Boyaa Interactive (00434) reports a profit attributable to shareholders of 226 million HKD, down 27.8% year-on-year [1] - Chongqing Machinery and Electric (02722) expects a net profit attributable to shareholders to increase by about 50% year-on-year [1] - Anton Oilfield Services (03337) anticipates a significant profit increase of 41.6% to 60.5% year-on-year [1] - Sany International (00631) expects a net profit of approximately 1.234 billion to 1.332 billion yuan, an increase of 25% to 35% year-on-year [1] - Datang Renewable (01798) reports a cumulative power generation of approximately 21.3563 million MWh in the first seven months, an increase of 11.75% year-on-year [1] - China Jinmao (00817) reports a cumulative contracted sales amount of 61.807 billion yuan in the first seven months, up 23.12% year-on-year [1] - New Town Development (01030) reports a cumulative contract sales amount of approximately 11.99 billion yuan in the first seven months, down 55.66% year-on-year [1] - Dongfeng Motor Group (00489) reports automobile sales of approximately 978,500 units in the first seven months, a decrease of about 8.9% year-on-year [1] - Hopson Development Holdings (00754) reports a total contracted sales amount of approximately 9.047 billion yuan in the first seven months, down 12.49% year-on-year [1] - Yuyuan Group (00551) reports a net operating income of approximately $667.5 million in July, a year-on-year decrease of 1.9% [1]

丘钛科技(01478)发布公告，将于2025年10月24日派发截至2025年6月30日止六个月的中期股息每股0.15 港元。 ...

智通财经APP讯，丘钛科技(01478)发布公告，将于2025年10月24日派发截至2025年6月30日止六个月的 中期股息每股0.15港元。 ...

EF001 免責聲明 | 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 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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 丘鈦科技（集團）有限公司 | | 股份代號 | 01478 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二五年六月三十日止六個月之中期股息 | | 公告日期 | 2025年8月11日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.15 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.15 HKD | | 匯率 | 1 HKD : 1 HK ...

Core Viewpoint - The company reported a significant increase in revenue and profit for the first half of 2025, indicating strong growth in its core business segments [1] Financial Performance - The company's unaudited revenue for the first half of 2025 increased by 15.1% year-on-year to 8.832 billion RMB [1] - Profit surged by 167.6% to 308 million RMB [1] - The company plans to distribute an interim dividend of 15.0 Hong Kong cents per share [1] Product Sales Growth - Sales volume of camera modules for automotive and IoT applications grew by 47.9% year-on-year [1] - The average selling price of these modules increased by 27.2% [1] - Sales volume of fingerprint recognition modules rose by 59.7% [1] Product Mix and Margins - The increase in the proportion of mid-to-high-end products improved capacity utilization, product value-added, and gross margin [1] - The share of under-display optical and ultrasonic fingerprint recognition modules reached 66.9%, contributing to revenue and gross margin growth [1]