Newsletter summary

Qiu Ti Technology's sales of mobile camera modules increased by 39% in April compared with the same period last year.Gamefiblockchain.2 to 40.807 million piecesGamefiblockchainThe number of fingerprint recognition modules decreased by 13% to 9.554 million compared with the same period last year, and the business of mid-and high-end and vehicle module products was good.

Text of news flash

Qiu Ti Technology (01478) saw a 39.2% year-on-year increase in mobile camera module sales in April 2024. Qiu Ti Technology (01478) achieved a significant increase in mobile camera module sales in April 2024. According to the announcement, the company's sales of mobile camera modules reached about 40.807 million, an increase of 10.8% month-on-month and a significant increase of 39.2% compared with the same period last year. At the same time, the total number of camera modules sold was 41.564 million, an increase of 9.6% month-on-month and 39.2% year-on-year. The increase in sales is due to the rebound in market demand and the increase in the number of camera module products compared with the same period last year, mainly due to the rebound in demand in the smartphone market and the customer project cycle, as mentioned in the business development company's announcement. In addition, Qiu Ti Technology has also performed well in the business development of middle and high-end camera module products and vehicle camera module products. It is worth noting that the number of camera module sales in other areas decreased month-on-month, mainly due to customer project cycle factors. Sales of fingerprint recognition modules decreased by 13% compared with the same period last year. In contrast to camera module products, sales of fingerprint recognition modules of Qiu Titanium Technology decreased by 13% year-on-year. According to the announcement, this downward trend is mainly due to the impact of the customer's project cycle. In spite of this, the sales volume of fingerprint recognition modules still increased by 7.8% month-on-month, indicating a certain stability of market demand. Overall, Qiu Ti Technology's product sales data in April 2024 reflect the strong growth momentum of the smartphone camera module market, as well as certain fluctuations in the fingerprint recognition module market. With the continuous change of technological innovation and market demand, the market performance of Qiu Titanium Technology deserves continuous attention.