Q TECH (01478) saw its shares rise more than 5% in Hong Kong trading. At the time of writing, the stock was up 5.68% to HK$9.11, with a turnover of HK$7.67 million.

The increase follows the company's recent announcement of its January sales figures. For the month, sales of smartphone camera modules reached 41.482 million units. This represents a decrease of 3.7% compared to the previous month but a significant increase of 19.5% compared to the same period last year.

Total sales of camera modules amounted to 44.071 million units, down 4.1% month-on-month but up 22.8% year-on-year. Sales of fingerprint recognition modules totaled 19.741 million units, increasing by 10% from the prior month and 18.4% from the previous year.

The company attributed the year-on-year growth in camera module sales to increased demand from overseas clients and a continued rise in its supply share. Furthermore, sales of camera modules for other applications, such as Internet of Things (IoT) and smart automotive sectors, also showed substantial year-on-year growth.

The growth in fingerprint recognition module sales, both annually and monthly, was primarily driven by the increasing market penetration of ultrasonic fingerprint recognition modules and the influence of customer project cycles.