---
title: "\"Big Banks\" Citigroup: Q TECH's net profit last year was below the bank's expectations, and non-mobile business is expected to continue driving strong growth"
description: "Citi pointed out that Q TECH's net profit is expected to grow by 4 to 4.5 times last year, reaching RMB 1.395 billion to 1.535 billion, lower than its expected RMB 1.663 billion, but higher than marke"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/272493982.md"
published_at: "2026-01-14T03:23:32.000Z"
---

# "Big Banks" Citigroup: Q TECH's net profit last year was below the bank's expectations, and non-mobile business is expected to continue driving strong growth

> Citi pointed out that Q TECH's net profit is expected to grow by 4 to 4.5 times last year, reaching RMB 1.395 billion to 1.535 billion, lower than its expected RMB 1.663 billion, but higher than market expectations. The growth mainly comes from non-mobile businesses such as the Internet of Things and automotive. Citi maintains a "Buy" rating on Q TECH, with a target price of HKD 12

Citi stated that Q TECH (01478.HK) released a profit warning after the market closed yesterday (13th), expecting last year's net profit to increase by 4 to 4.5 times year-on-year, reaching RMB 1.395 billion to 1.535 billion, which is 12% lower than the bank's expectation of RMB 1.663 billion but higher than market expectations. The strong growth comes from the accelerated growth of non-mobile CCM lens modules in areas such as the Internet of Things and automotive, focusing on mid-to-high-end CCM lens modules and fingerprint modules to drive better product mix and gross margin, as well as the sale of a 51.08% stake in Q TECH India and improvements in joint venture operations.

The bank indicated that its recent assessment of Q TECH reflects expectations of weakness in the smartphone market over the next two years, but believes that non-mobile business will continue to drive strong growth. The bank currently gives Q TECH a "Buy" rating and a target price of HKD 12

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.