LITEON Technology Reports First Quarter Net Profits of NT$4.26 Billion, Up 171% Y-o-Y with EPS of NT$1.83, a Quarterly Record High

2021/04/29

LITEON Technology (2301-tw) today reported first quarter consolidated sales of NT$37.72 billion up 26% Y-o-Y, excluding transferred SSD and Silitech, which would not be consolidated into LITEON starting from 2021, supported by stable growth from opto-electronics, automotive electronics, cloud computing, AIoT, notebook PC and gaming products. Thanks to the product mix optimization and operational efficiency improvement, gross profits and operating profits reached NT$6.72 billion and NT$2.11 billion, up 42% and 180% Y-o-Y respectively; gross profit margin and operating profit margin were 17.8% and 5.6%, both up 3.3ppt Y-o-Y, hitting first quarter record highs. Net profits were NT$4.26 billion, up 171% Y-o-Y, with EPS of NT$1.83, posted a quarterly record. Net cash reached NT$52.9 billion, attributable to the aggressive working capital management and strong positive free cash flow generated from operation.

Opto-electronics accounted a 22% share of total sales in the first quarter, of which, the ongoing growth from LED components driven by invisible LEDs used in industrial automation, 5G and AIoT applications, and UV LED applied to medical, disinfection, water and air purification as well as delivery growth of LED vehicle lighting, supported Opto-electronics a growth of 31% Y-o-Y.

Cloud & AIoT business contributed a 25% share of total sales. Thanks to the delivery growth from datacenter server and networking power management systems for cloud computing, power supplies for AI smart home devices, and high-end sever enclosures, Cloud & AIoT posted a growth of approximately 20% Y-o-Y.

Information Technology & Consumer Electronics business accounted for 53% of total revenue, of which, the growth from notebook PC power adapters and gaming power supplies, smooth delivery of laser models of multi-function peripherals, coupled with ongoing market share gain in PC and Gaming keyboards and mice, supported Information Technology & Consumer Electronics a growth of 10% Y-o-Y.

“Looking forward, thanks to the increasing demand from remote activities and stay-at-home economy, the continued shipment growth from new products of opto-electronics, such as high-end mini LED, optocoupler, infrared sensor, applied to notebook PC, gaming peripherals, industrial automation, coupled with sensing needs from wearable devices as the next wave of growth momentum in Opto-electronics. Meanwhile, with the sequential delivery of new generation of power management systems for datacenters and electric vehicle chargers as well as the completion of 5G products development, we expect that ongoing growth from cloud computing, 5G, AIoT, opto-electronics, automotive electronics, notebook PC, and gaming will continuously enhance the overall operational performance in the second quarter.” said Mr. Anson Chiu, President of LITEON Technology.

Press Contact:

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

LITEONtech.IR@liteon.com