LITE-ON Technology Reports 2017 Consolidated Sales of NT$214.6 Billion, Proposed Cash Dividend of NT$ 2.92 Per Share, with Cash Yield of 6.8%

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Press Releases

2018/02/27

LITE-ON Technology (2301-tw) today reported fourth quarter 2017 consolidated sales of NT$54.2 billion and net profits of NT$2.3 billion with EPS of NT$0.99, attributable to yearly growth of Invisible LED, Outdoor Lighting, AI Smart Home devices and Gaming applications.

LITE-ON posted 2017 consolidated revenue of NT$214.6 billion while gross margin and operation margin were 12.9% and 3.9%, and net profits were NT$2.63 billion with EPS of NT$1.13, mainly due to the one-off asset impairment loss in Mobile Mechanics, coupled with inventory adjustment in CCM. The net cash reached NT$27.6 billion through aggressive working capital management as well as a positive free cash flow generated from operation.

In 2017, LITE-ON’s core businesses showed stable development. Opto-electronics accounted a 24% share of total sales with a revenue decrease of 7% Y/Y, mainly impacted by the inventory adjustment, whereas presenting increased demand of invisible LED, ongoing market share gain in LED components and smooth delivery of vehicle and street lighting.

The Information Technologies business accounted for 54% of total revenue with a 4% yearly increase, which is attributable to consecutive revenue growths of Power System, supported by ongoing delivery growths of high-end server and networking power management systems for cloud computing and power supplies for AI Smart Home devices, ongoing market share gains in HIS (Human Input Solutions - PC Keyboards and Peripherals), coupled with delivery growth in laser models of Multi-Function Peripherals. Meanwhile, the Storage segment accounted for 15% of total revenue.

Thanks to its continued enhancements of new business investment and growth for business transformation, LITE-ON enjoyed achievements in Cloud Computing, LED/ Outdoor Lighting, Automotive Electronics, AI Smart Home devices and Gaming applications in 2017. Looking ahead, the stable core business development is expected in the first quarter of 2018, supported by LED/Outdoor Lighting and Cloud Computing applications.

Meanwhile, LITE-ON's Board has proposed a 2017 cash dividend plan offering NT$2.92 per share, maintaining the high dividend per share, of which, NT$0.41 and NT$2.51 per share are from retained earnings and additional paid-in capital respectively and cash yield reaches 6.8%.

Press Contact:

Julia Wang
Sr. Director of IR/PR
+886-2-8798-2888
LITEONTech.IR@liteon.com