LITEON Technology Reports First Quarter Sales of
NT$41.2bn, Operating Profit of NT$3.0bn
Date of events
2022/04/19
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/04/19
2.Company name:Lite-On Tehcnology
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:NA
6.Countermeasures:NA
7.Any other matters that need to be specified:LITEON Technology today reported
first quarter consolidated sales of NT$41.2 billion up 9% Y-o-Y, hitting
first quarter record high in 4 consecutive years. The sales were supported
by stable growth from opto-electronics, cloud computing, 5G, AIoT and
automotive applications. Thanks to the product mix optimization, well-managed
global supply chain and multiple manufacturing sites with operational
efficiency, gross profits and operating profits reached NT$7.1 billion and
NT$3.0 billion, up 5% and 42% Y-o-Y respectively; gross profit margin and
operating profit margin were 17.1% and 7.2%, of which, operating profits and
margin both hit first quarter record highs. Net profits were NT$2.1 billion,
with EPS of NT$0.92. Net cash reached NT$41.2 billion, attributable to the
aggressive working capital management and strong positive free cash flow
generated from operation.
Looking at the 1st quarter revenue contribution by segment, Opto-electronics
and Cloud & AIoT Businesses reached record high in terms of sales, accounting
for 52% of total revenue, with CAGR of 23% in past two years; Information
Technology & Consumer Electronics Business (ITCE) continued to grow steadily:
The Opto-electronics Business contributed a 21% share of total sales. Thanks
to growing demand from opto-electronics used in green energy, industrial
automation, wearables, AR/VR and high-end Mini LED, coupled with strong
delivery of automotive electronics and EV chargers, Opto-electronics business
posted with 5% yearly growth in sales.
Cloud & AIoT Business accounted for a 31% share of total sales. Thanks to the
strong growth from high-end datacenter server and networking power management
systems for cloud computing, high-end sever enclosures and power supplies for
AI smart home devices, Cloud & AIoT posted a yearly growth of 18%.
IT&CE Business accounted for 48% of total revenue. Benefited from ongoing
growth from NB and gaming power supplies, laser models of multi-function
peripherals, as well as ongoing market share gains in IT keyboards and mice,
IT& CE supported a consecutive 6% yearly growth.
Looking ahead to the second quarter of 2022, thanks to rapid growth from
power management solutions with high wattage, high efficiency and high
density in cloud computing with market share gains; opto-electronics from
green energy, industrial automation, wearables and AR/VR; increasing market
demand of EV chargers, vehicle lighting and ADAS; under the assumption that
the pandemic will not further impact the global supply chain and logistics,
a stable profit and sales growth from core businesses is expect in the second
quarter of 2022.
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Lite-On Technology Corporation published this content on 19 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 April 2022 08:43:06 UTC.
Lite-On Technology Corp is engaged in the manufacture of power supplies, consumer electronics and optoelectronic products. The Company operates through four business segments. The Information Products segment designs, develops, manufactures, and sells products used in notebook computers, desktop computers, and tablet computers, servers, and Netcom equipment. The main products include power supplies, servers and Netcom equipment components, multi-function office machine, computer keyboards and chassis. The Optoelectronics segment designs, develops, produces and sells optoelectronic components and products. The main products include light-emitting diode (LED) packaging products and LED lighting application products, automotive electronic component products, and camera modules. Storage products segment designs, develops, produces and sells storage components. The main products include solid state drives and optical drives. Others segment include other products.
LITE-ON TECHNOLOGY CORPORATION 
