HK Stock Market Move | Q TECH (01478) is now down more than 5%, with storage price increases affecting the shipment volume of smartphones. Shipments of several products in June decreased compared to the previous month.

Q TECH (01478) is currently down more than 5%, falling 5.65% to HK$6.68 at the time of writing, with a turnover of HK$22.3758 million. In terms of news, Q TECH announced that in June, the total sales volume of the company's camera modules and LiDAR modules was 41.5 million units, a 12.6% decrease from the previous month but a 20.8% increase year-on-year; the sales volume of the biometric modules totaled 11.96 million units, a 13.4% decrease from the previous month and a 13.9% decrease year-on-year. During the period, the company's joint venture in India, Qutai, sold a total of 10.08 million camera modules, a 6.3% increase from the previous month and a 261% increase year-on-year; the sales volume of biometric modules totaled 1.28 million units, a 25.3% decrease from the previous month and a 36.6% decrease year-on-year. The announcement stated that the increase in sales volume of camera modules and LiDAR products year-on-year was mainly due to the increase in market share from cooperation with multiple domestic and foreign smartphone brands, as well as a significant year-on-year growth in the use of camera modules and LiDAR products in vehicles; the decrease from the previous month was mainly due to customer project cycle impacts. The decrease in sales volume of biometric module products both month-on-month and year-on-year was mainly due to customer project cycle impacts and poor demand in the smartphone market affected by the increase in storage prices.