HK Stock Market Move | Q TECH (01478) drops over 2% as mobile phone product sales volume in September fell 19.7% year-on-year.

Q TECH (01478) dropped over 2%, down 1.46% as of press time, at HK$4.715, with a turnover of HK$9.5491 million. On the news front, on October 12, Q TECH issued an announcement detailing the sales volume of its main products for September 2026: mobile phone product sales volume was 50.176 million units, down 1.9% month-on-month and down 19.7% year-on-year; among which, camera module sales volume was 36.338 million units, down 4% month-on-month and down 16.7% year-on-year; biometric module sales volume was 13.838 million units, up 4% month-on-month and down 26.8% year-on-year. Automotive product sales volume was 1.182 million units, up 32.7% month-on-month and up 29.2% year-on-year. IoT product sales volume was 2.354 million units, down 0.7% month-on-month and up 4.1% year-on-year. The announcement stated that the year-on-year decrease in mobile phone product sales volume was mainly due to weak demand in the smartphone market affected by memory price increases.