Q TECH (01478) saw its stock price surge by 5.10% in Wednesday's trading session following the release of its impressive full-year 2024 financial results. The company, also known as Q Technology (Group), reported significant growth in both revenue and net income, surpassing analyst expectations in key areas.

According to the financial report, Q TECH's revenue for 2024 reached CN¥16.2 billion, marking a substantial 29% increase from the previous year. This figure exceeded analyst estimates by 3.2%. The company's net income saw an even more dramatic rise, soaring 241% to CN¥279.1 million. The profit margin improved to 1.7%, up from 0.7% in 2023, driven by the higher revenue. Earnings per share (EPS) also showed significant growth, rising to CN¥0.24 from CN¥0.069 in the previous year, although this fell short of analyst expectations by 11%.

The market's positive reaction to these results reflects investor confidence in Q TECH's growth trajectory. Looking ahead, the company's revenue is forecast to grow at an average of 7.9% per annum over the next three years, which, while strong, is below the 13% growth forecast for the Hong Kong Electronic industry as a whole. This outlook, combined with the company's current performance, suggests that Q TECH is well-positioned in the competitive electronics market, driving investor optimism and contributing to the stock's significant price increase.