Q Technology (Group) (HKG:1478) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥16.2b (up 29% from FY 2023).
- Net income: CN¥279.1m (up 241% from FY 2023).
- Profit margin: 1.7% (up from 0.7% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.24 (up from CN¥0.069 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Q Technology (Group) Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 11%.
The primary driver behind last 12 months revenue was the Camera Modules segment contributing a total revenue of CN¥14.8b (92% of total revenue). Notably, cost of sales worth CN¥15.2b amounted to 94% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to CN¥504.8m (72% of total expenses). Explore how 1478's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Hong Kong.
Performance of the Hong Kong Electronic industry.
The company's shares are up 9.2% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Q Technology (Group)'s balance sheet.
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