LITEON's Net Profit for 1H2023 was NT$6.6 billion, with EPS of NT$2.86, up 8% Y-o-Y. The Board Approved a Cash Dividend of NT$2 Per Share for the Second Quarter

2023/07/28

LITEON Technology (2301-tw) today reported the second quarter and 1H 2023 consolidated sales of NT$37.3 billion and NT$71.5 billion, supported by continuous growth from power management for cloud computing, automotive electronics and 5G networking. Thanks to the solid growth of high-valued businesses, supply chain management, and operational efficiency, the gross margin of Q2 reached 23.3%, and the operating margin was 11.6%. The net profits in the second quarter were NT$ 4.2 billion with EPS of NT$1.84; the net profits in the first half were NT$ 6.6 billion with EPS of NT$2.86, up 8% Y-o-Y. Meanwhile, the Board of LITEON has approved a cash dividend of NT$2 per share for the second quarter. Net cash reached NT$50.5 billion, attributable to the aggressive working capital management and strong positive free cash flow generated from operation.

Identified Energy Management as Second Growth Curve, Continuously Dedicating R&D Resources and Expanding into High-growth Core Businesses and Mid-to-long-term Development Areas.

“LITEON has propelled a complete organizational transformation over the past three years, venturing into new business tracks, actively developing new applications such as power management for cloud computing, automotive electronics, and 5G networking, significantly increasing the proportion of core businesses with high growth and high value. This has successfully led to the exploration of new markets and customers, driving steady profitable growth. Regardless of market and environmental changes, LITEON has always invested strategic R&D investments with determined steps, strengthened software and hardware integration capabilities, and built independently developed, high-value-added solutions.

Looking ahead to mid-to-long-term development momentum, LITEON will use energy as its second growth curve by developing Internet of Energy (IoE) systemic products. These include enhancing edge server power system designs and liquid cooling solutions in Green Data Center, expanding AC/DC vehicle charging solutions in Clean Mobility, and accelerating the development of microgrid and energy management solutions in Efficient Infrastructure. These initiatives will make sustainable green technology a competitive advantage for LITEON,” said Mr. Anson Chiu, President of LITEON Technology.

Looking Forward: High-growth Core Businesses Will Continue to Drive LITEON's Operational Momentum in Q3; Accelerate Investment in Long-term Growth to Construct the Next Wave of Growth Momentum.

Looking ahead to the third quarter of 2023, LITEON expects its growth momentum to be driven by high-value and high-growth core businesses such as power management for cloud computing, automotive electronics, and 5G networking. In the second half of the year, LITEON will continue to optimize its product portfolio, strengthen supply chain management, and invest in R&D in high-growth areas to accelerate the time to market for new applications and products. This will allow LITEON to expand into new markets and customers, while enhancing its long-term strategic development. Additionally, with a focus on long-term strategic development, LITEON will leverage its core strengths to invest in long-term growth areas of IoE: energy conversion, energy saving, energy management and energy storage, aiming to provide integrated portfolio and enhance the value of its solutions, constructing the next wave of growth momentum.

Press Contact

Irene Chou +886-2-8798-2888

Corporate Brand Value Development Center

LITEONtech.PR@liteon.com