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Q Technology (Group) Company Limited Just Missed Earnings - But Analysts Have Updated Their Models
Shareholders might have noticed that Q Technology (Group) Company Limited (HKG:1478) filed its full-year result this time last week. The early response was not positive, with shares down 8.9% to HK$2.
Q Technology's Profit Halves in 2023 as Revenue Slips 9%
Q Technology (Group)'s (HKG:1478) attributable net profit fell sharply to 81.92 billion yuan in 2023 from 171.15 billion yuan a year ago, according to a Monday filing with the Hong Kong Stock Exchange
Q Technology: Earnings Weighed by More Market Competition, Smartphone Sales Decline >1478.HK
Q Technology: Earnings Weighed by More Market Competition, Smartphone Sales Decline >1478.HK
Q Technology: Targets at Least 50% Rise in Sales Volume of Camera Modules in Non-Handset Fields in 2024 >1478.HK
Q Technology: Targets at Least 50% Rise in Sales Volume of Camera Modules in Non-Handset Fields in 2024 >1478.HK
Q Technology 2023 Rev CNY12.53B Vs. CNY13.76B >1478.HK
Q Technology 2023 Rev CNY12.53B Vs. CNY13.76B >1478.HK
Qiutai Technology (01478.HK)'s annual revenue fell 8.9% to a gross margin of about 4.1% of 12.531 billion yuan
Gelonghui, March 25, 丨 Qiu Tai Technology (01478.HK) announced that the annual revenue for the year ended December 31, 2023 was approximately RMB 12.531 billion, down about 8.9% year on year; annual gross profit was approximately RMB 509 million, down about 6.0% year on year, and annual gross margin was about 4.1%; annual profit was approximately RMB 83.531 million, a decrease of about 50.9% year on year, and basic profit per share was RMB 0.069 yuan. The decline in revenue is mainly due to macroeconomic factors, the number of global smartphone sales this year fell compared to the previous year, making it possible to apply it to smart
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