Core Viewpoint - Zhaoyin International reported that Q Technology (01478) achieved a net profit growth of 168% in the first half of the year, aligning with previous profit warnings, primarily driven by a 27% increase in average selling price of camera modules (CCM), a rise in non-mobile business sales proportion to 24%, and improved profitability from its associate company, New Giant Technology [1] Financial Performance - Q Technology's net profit increased by 168% in the first half of the year [1] - The average selling price of camera modules (CCM) rose by 27% [1] - Non-mobile business sales accounted for 24% of total sales [1] Earnings Forecast - Zhaoyin International raised Q Technology's earnings per share forecast for 2025 to 2027 by approximately 10% to 12% [1] - The target price for Q Technology was increased from HKD 13.21 to HKD 14.5 [1] - The "Buy" rating was reaffirmed by Zhaoyin International [1] Business Outlook - Management has raised the annual shipment guidance, with non-mobile CCM growth expectations increased from over 40% to over 60% [1] - Zhaoyin International expressed optimism about the growth potential in Q Technology's non-mobile businesses, including drones, automotive, and XR [1] - The collaboration with India's Dixon Group is expected to mitigate the impact of uncertainties related to U.S. tariffs [1]

Core Viewpoint - Zhaoyin International's research report indicates that Q Technology's net profit increased by 168% in the first half of the year, aligning with previous profit warnings, primarily benefiting from a 27% rise in average selling prices of camera modules (CCM) and an expansion of non-mobile business sales to 24% of total sales [1] Group 1 - Q Technology's management has raised its full-year shipment guidance, with the growth expectation for non-mobile CCM increased from over 40% to over 60% [1] - The report expresses optimism regarding the growth potential of Q Technology's non-mobile businesses, including drones, automotive, and XR [1] - Collaboration with India's Dixon Group is expected to mitigate the impact of uncertainties related to U.S. tariffs [1] Group 2 - Based on better-than-expected average selling prices and gross margins for the first half of the year, Zhaoyin International has raised its earnings per share forecast for Q Technology for 2025 to 2027 by approximately 10% to 12% [1] - The target price for Q Technology has been adjusted from HKD 13.21 to HKD 14.5, with a reiterated "Buy" rating [1]

建银国际发布研报称，丘钛科技稍前公布的盈利预喜料将强劲增长，但摄像头模组(CCM)销售预计则表 现平平。由于集团对CCM的销售额趋于保守，但产品结构改善带来的毛利率提升以及联营公司利润份 额的提高，使其更加稳健。因此，该行上调集团2025年盈测27%。同时上调目标价27%，由8.5港元升至 10.8港元，维持"中性"评级。 香港联交所最新资料显示，7月30日，丘钛科技(01478)股东将股票由渣打银行(香港)转入高盛(亚洲)证 券，转仓市值37.11亿港元，占比25.57%。 ...

建银国际发布研报称，丘钛科技稍前公布的盈利预喜料将强劲增长，但摄像头模组(CCM)销售预计则表 现平平。由于集团对CCM的销售额趋于保守，但产品结构改善带来的毛利率提升以及联营公司利润份 额的提高，使其更加稳健。因此，该行上调集团2025年盈测27%。同时上调目标价27%，由8.5港元升至 10.8港元，维持"中性"评级。 智通财经APP获悉，香港联交所最新资料显示，7月30日，丘钛科技(01478)股东将股票由渣打银行(香 港)转入高盛(亚洲)证券，转仓市值37.11亿港元，占比25.57%。 ...