The Zhitong Finance App learned that Qiu Tai Technology (01478) fell by more than 2%. As of press release, it fell 1.46% to HK$4.715, with a turnover of HK$9.559 million.

According to the news, on October 12, Qiu Tai Technology announced that the sales volume of its main products in September 2026 was as follows: the sales volume of mobile phone products was 50.176 million units, down 1.9% from the previous year, down 19.7% year on year; of these, the number of camera modules sold was 36.338 million, down 4% from the previous year, down 16.7% year on year; the number of biometric modules sold was 13.838 million units, up 4% month on month and down 26.8% year on year. The number of automotive products sold was 1.182 million, up 32.7% month-on-month and 29.2% year-on-year. The number of IoT products sold was 2.354 million, down 0.7% from the previous month, and up 4.1% from the previous year.

According to the announcement, sales volume of mobile phone products declined year-on-year, mainly due to poor demand in the smartphone market due to rising storage prices.

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