LITEON Technology Reports 2020 EPS of NT$4.31 and Proposes Cash DPS of NT$ 3.4, both at Record Highs, Cash Yield Reaches 6%

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Press Releases

2021/02/25

LITEON Technology (2301-tw) today reported the fourth quarter of 2020 consolidated sales of NT$41.44 billion with gross margin and operating margin of 16.2% and 4.4%, while net profits were NT$2.01 billion with EPS of NT$0.86, attributable to yearly growth from Opto-electronics, 5G, AIoT, Notebook PC, Gaming and Automotive applications.

LITEON posted 2020 consolidated revenue of NT$157.13 billion. Thanks to the ongoing improvement of product-mix, operational efficiency and global capacity optimization, gross margin and operating margin were 17.4% and 6.5%, up 2ppt and 1.2ppt YoY respectively. Meanwhile, operating profits reached NT$10.21 billion, up 9% YoY and net profits were NT$10.02 billion with EPS of NT$4.31, up 7% YoY, posting record high annual profit margins and EPS. Net cash reached NT$46.6 billion through a positive free cash flow generated from operation.

In the fourth quarter, Opto-electronics business accounted for 20% of total sales. Thanks to ongoing demand growth from LED components driven by invisible LEDs used in industrial automation, 5G and AIoT applications, UV LED applied to medical, disinfection, water and air purification, coupled with delivery growth of LED vehicle lighting, Opto-electronics posted consecutive sales growth. The Information and Communication Technologies business accounted for 76% of total sales, presenting stable demands in Notebook PCs, Gaming, and AIoT applications, ongoing market share gain in IT Keyboards and Mice as well as smooth delivery in laser models of Multi-function Peripherals.

Looking ahead, thanks to sequential growth from Cloud computing, 5G, AIoT, Opto-electronics, Automotive, Notebook PC and Gaming applications, stable core business developments are expected in the first quarter of 2021.

Meanwhile, LITEON's Board has proposed an increased 2020 cash dividend of NT$3.4 per share, a record DPS, with the payout ratio of 79% and 6% cash yields, maintaining a consecutive high and stable dividend policy to respond to the capability of generating ample free cash flow and profitability from operation.

Press Contact:

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

LITEON Technology Business Re-segments in 2021