Core Viewpoint - O-Film Technology plans to acquire a 28.2461% stake in O-Film Microelectronics for 1.791 billion yuan and raise up to 800 million yuan in supporting funds, with the aim of enhancing its capabilities in sensor modules and related technologies [1] Group 1: Acquisition Details - The acquisition price for O-Film Microelectronics is set at 1.791 billion yuan, with an assessed value of 6.34 billion yuan, resulting in a premium of 112.81% [1] - O-Film Microelectronics specializes in the development and production of fingerprint recognition modules and 3D sensing modules, serving as the sole implementation entity for O-Film's related business [1] Group 2: Financial Performance - O-Film Microelectronics reported revenues of 2.856 billion yuan, 3.175 billion yuan, and 732 million yuan for the years 2023, 2024, and the first quarter of 2025, respectively [1] - The net profit attributable to the parent company for the same periods was 237 million yuan, 279 million yuan, and 36.618 million yuan [1] Group 3: Customer and Supplier Concentration - O-Film Microelectronics has a high customer concentration, with the top five customers accounting for 79.40%, 78.30%, and 79.29% of revenue during the reporting periods [2] - O-Film is the largest customer of O-Film Microelectronics, with sales proportions of 66.22%, 73.18%, and 73.47% [2] Group 4: Related Transactions - The company explained that the high customer concentration is reasonable due to the characteristics of the downstream market and the strategic focus on high-end models [2][3] - O-Film Microelectronics sells through the parent company and its subsidiaries to meet customer management needs and improve efficiency [3] Group 5: Fundraising Necessity - The company plans to use the raised funds for the development and industrialization of new ultrasonic fingerprint modules, automotive optical sensing modules, and machine vision optical sensing modules [3] - Previous fundraising efforts in September 2021 raised 3.53 billion yuan, with 2 billion yuan allocated for working capital, and the remaining funds intended for high-pixel optical lens projects [3][4] Group 6: Financial Health - In the first three quarters of 2025, the company reported revenues of 15.816 billion yuan, a year-on-year increase of 9.29%, but incurred a net loss of 68.0486 million yuan compared to a profit of 47.1192 million yuan in the previous year [4]

Core Viewpoint - O-film Technology Co., Ltd. has responded to the Shenzhen Stock Exchange's inquiry regarding its share issuance for asset acquisition and fundraising, detailing the operational performance and business model of its subsidiary O-film Microelectronics (Nanchang) Co., Ltd. [1] Group 1: Performance and Business Model Analysis - O-film Microelectronics specializes in the R&D, production, and sales of sensor modules such as fingerprint recognition and 3D sensing modules, serving as the sole entity for O-film in this business area [2] - The net profit attributable to the parent company for O-film Microelectronics showed fluctuations, with figures of 237 million, 279 million, and 37 million yuan over the reporting periods, while the listed company reported net profits of 77 million, 58 million, and -59 million yuan, indicating performance discrepancies [1][2] Group 2: Procurement and Revenue Recognition - O-film Microelectronics employs four procurement models: self-procurement, customer-specified suppliers, Buy&Sell, and customer-supplied materials, with the specified procurement and Buy&Sell models accounting for 85.19%, 85.72%, and 82.80% of total procurement during the reporting periods [2] - The company justifies the use of the total amount method for revenue recognition under the Buy&Sell model, citing control over raw materials and risk-bearing obligations, aligning with industry practices [2] Group 3: Customer and Supplier Concentration - The sales revenue from the top five customers accounted for 79.40%, 78.30%, and 79.29% of total revenue, while the procurement from the top five suppliers represented 62.45%, 61.47%, and 58.64%, indicating high concentration levels [3] - O-film Microelectronics' international sales revenue has been increasing, reaching 44.94%, 49.45%, and 57.48% over the reporting periods, with higher sales prices and gross margins for overseas products due to their complexity and application in high-end markets [3] Group 4: Consignment Model and Related Transactions - The consignment model accounted for 21.74%, 16.63%, and 12.84% of revenue during the reporting periods, with higher gross margins observed in 2024 and early 2025 due to increased sales of high-end ultrasonic fingerprint recognition modules [4] - The company emphasizes that overlapping transactions between suppliers and customers are commercially reasonable and comply with accounting standards [4] Group 5: Financial Data and Internal Control Measures - O-film Microelectronics' other monetary funds primarily consist of loans and credit guarantees, with significant fluctuations in balances due to financing scale [5] - The company has not made provisions for bad debts on receivables from related parties, citing a 100% collection rate from end customers, consistent with industry practices [5] - Adequate provisions for fixed and intangible asset impairments have been made, and the accounting treatment for deferred tax assets aligns with accounting standards [6]

Core Insights - The core viewpoint of the article highlights the sales performance of Q Technology in October 2025, showcasing significant growth in both camera and fingerprint recognition module sales [1] Sales Performance - Camera module sales reached 47.416 million units, representing a month-on-month increase of 1.6% and a year-on-year increase of 20.4% [1] - Fingerprint recognition module sales totaled 18.413 million units, with a year-on-year growth of 19.2% [1] Market Drivers - The year-on-year growth in camera module sales is attributed to an increase in market share within the smartphone camera module sector, as well as substantial sales growth in the IoT and smart automotive fields [1] - The year-on-year increase in fingerprint recognition module sales is primarily due to market share gains and significant growth in ultrasonic fingerprint recognition module sales; however, there was a month-on-month decline influenced by customer project cycles [1]

Core Insights - Hillstone Technology (01478) reported a total sales volume of camera modules reaching 47.416 million units in October 2025, representing a quarter-on-quarter increase of 1.6% and a year-on-year increase of 20.4% [1] - The sales volume of fingerprint recognition modules totaled 18.413 million units, showing a quarter-on-quarter decrease of 3.3% but a year-on-year increase of 19.2% [1] Camera Modules - The year-on-year growth in camera module sales is attributed to an increase in market share within the smartphone camera module business and significant growth in sales for IoT and smart automotive applications [1] Fingerprint Recognition Modules - The year-on-year increase in fingerprint recognition module sales is due to an increase in market share, particularly in ultrasonic fingerprint recognition modules, while the quarter-on-quarter decrease is influenced by customer project cycle impacts [1]

Core Viewpoint - Q Technology (01478) reported a significant increase in camera module sales, driven by market share growth in mobile camera modules and strong demand in IoT and smart automotive sectors [1] Camera Module Sales - Total camera module sales reached 47.416 million units in October 2025, representing a quarter-on-quarter increase of 1.6% and a year-on-year increase of 20.4% [1] - The growth in camera module sales is attributed to the company's rising market share in mobile camera modules and substantial year-on-year growth in sales for IoT and smart automotive applications [1] Fingerprint Recognition Module Sales - Total fingerprint recognition module sales amounted to 18.413 million units, showing a quarter-on-quarter decrease of 3.3% but a year-on-year increase of 19.2% [1] - The year-on-year growth in fingerprint recognition module sales is due to the company's increased market share, particularly in ultrasonic fingerprint recognition modules, while the quarter-on-quarter decline is linked to customer project cycle impacts [1]

Core Viewpoint - Q Technology (01478.HK) reported a significant increase in sales for its main products in October 2025, indicating strong market performance in both camera and fingerprint recognition modules [1] Sales Performance - In October 2025, total sales of camera modules reached 47.416 million units, representing a year-on-year increase of 20.4% [1] - Sales of fingerprint recognition modules totaled 18.413 million units, showing a year-on-year growth of 19.2% [1] Market Share and Growth Drivers - The growth in camera module sales is attributed to an increase in market share within the smartphone camera module sector, as well as substantial growth in sales for IoT and smart automotive applications [1] - The rise in fingerprint recognition module sales is primarily due to an increase in market share, particularly in ultrasonic fingerprint recognition modules, despite a decrease in sales compared to the previous month due to client project cycle impacts [1]

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。 Q TECHNOLOGY (GROUP) COMPANY LIMITED 丘鈦科技(集團)有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：1478） 自願公告 本公告乃由丘鈦科技（集團）有限公司（「本公司」，連同其附屬公司統稱「本集 團」）自願作出。 本公司董事（「董事」）會（「董事會」）謹此宣佈，本集團及本公司之聯營公司 Kunshan Q Tech Microelectronics (India) Private Limited（「印度丘鈦」）於二零二五 年十月主營產品銷售數量詳細如下： 一、本集團主營產品銷售數量（附註） | | 2025年10月 | 環比變化 | 同比變化 | | --- | --- | --- | --- | | 產品類別 | （千件） | （%） | （%） | | 手機攝像頭模組 | 44,050 | 1.0 | 15.2 | | –其中3,200萬像素以下攝像頭 ...

Company Overview - O-Film Group Co., Ltd. operates in three main business areas: smartphones, smart vehicles, and new fields, providing comprehensive optical and optoelectronic product technology services [1][2] - The company focuses on optical camera modules, optical lenses, fingerprint recognition modules, machine vision depth cameras, and related products [1][2] Business Performance - In Q3 2025, the company achieved a revenue of CNY 5.979 billion, representing a year-on-year growth of 21.15% [3] - The net profit attributable to shareholders was CNY 40.8235 million, a significant increase of 411.91% year-on-year [3] Smartphone Business - The smartphone segment aims for steady progress by optimizing the business model and enhancing production efficiency [2] - The company plans to increase its market share in high-end lenses and camera modules, as well as microelectronics core businesses like 3D ToF and fingerprint recognition [2] Smart Vehicle Business - The smart vehicle sector is a key focus, leveraging optical technology for advanced driver assistance systems and smart cockpit solutions [2] - New products include a 3D facial recognition unlocking system, enhancing user convenience without the need for physical keys [6] Industry Trends - The global smartphone market showed a slight recovery in Q3 2025, driven by high-end replacement demand and the launch of AI-enabled smartphones [4] - The smartphone optical industry is shifting towards collaborative innovation between hardware and AI, with a focus on integrated design and algorithm optimization [5] Machine Vision and New Fields - The company is a leading provider of machine vision depth camera solutions, with a comprehensive technology system in visual perception [7] - O-Film is expanding into new fields such as handheld smart imaging devices, smart locks, and VR/AR applications, aiming to increase revenue contribution from these areas [2][7]

Core Insights - The company reported a total sales volume of 46.654 million camera modules in September 2025, representing a quarter-over-quarter decrease of 7.6% but a year-over-year increase of 45.1% [1] - The sales volume of fingerprint recognition modules reached 19.034 million units, showing a quarter-over-quarter increase of 0.6% and a year-over-year increase of 42.3% [1] Camera Module Sales - The significant year-over-year growth in camera module sales is attributed to the company's increased market share in mobile camera modules and substantial growth in sales for IoT and smart automotive applications [1] Fingerprint Recognition Module Sales - The year-over-year increase in fingerprint recognition module sales is primarily due to the company's enhanced market share in this segment, with a notable rise in sales of ultrasonic fingerprint recognition modules [1]

Core Viewpoint - Q Technology (01478.HK) reported significant year-on-year growth in sales of its main products for September 2025, indicating a strong market position and demand in the camera and fingerprint recognition module sectors [1] Sales Data Summary - In September 2025, the total sales of camera modules reached 46.654 million units, representing a year-on-year increase of 45.1% [1] - The sales of fingerprint recognition modules totaled 19.034 million units, showing a year-on-year growth of 42.3% [1] Market Share and Growth Drivers - The growth in camera module sales is attributed to an increase in market share within the smartphone camera module business, as well as significant sales growth in the IoT and smart automotive sectors [1] - The rise in fingerprint recognition module sales is primarily due to an increase in market share, particularly in the ultrasonic fingerprint recognition module segment [1]