Q~Tech （1478.HK）1H24 earnings recovery on fast track； reiterate BUY

13 Aug 2024 CMB International Global Markets | Equity Research | Company Update Q-Tech (1478 HK) 1H24 earnings recovery on fast track; reiterate BUY Q-tech announced in-line 1H24 results driven by strong CCM/FPM growth and GPM improvement on smartphone demand rebound, share gains, an increasing UTR and a better high-end product mix. For 2H24/2025, we remain positive on high-end spec upgrade to drive ASP/GPM, auto CCM sales growth to accelerate under rising NEV penetration and ultra-sound FPM upgrade in smar ...