Lite-On Technology (2301-tw) today reported second quarter 2015 consolidated revenue of NT$51.65 billion, maintaining the same level as last quarter. The gross margin and operating margin in the second quarter were 12.5% and 3.1% respectively due to impacts from the slowdown of worldwide end-market demands of PCs and mobile phones. Net profits were NT$1.43 billion with EPS of NT$0.62. Meanwhile, Lite-On’s net cash position reached NT$19.4 billion in Q2.
Stable revenue and profits occurred in the first half of 2015. Cumulative revenue totaled NT$103.19 billion, and the gross margin and operating margin were 12.5% and 3.2% respectively, while net profits were NT$3.08 billion with EPS of NT$1.33.
In the second quarter, Lite-On’s core businesses underwent stable development. Revenue of the six major applications/products continued to grow, and accounted for an over 50% share of overall revenue, mainly contributed by LED and lighting applications, high-end server & networking power systems and enclosures for cloud computing applications, as well as products for game consoles.
The Optoelectronics business segment contributed a 25% share of sales. Thanks to the smooth delivery of LED street lighting in Asia and North America, coupled with a shipment growth of LED vehicle lighting, LED Components and Lighting products achieved steady growths while operating adjustment was carried out in the camera module business.
The Information Technologies business segment accounted for 49% of revenue, with a revenue growth of 7% Q-o-Q, of which Power Systems’ revenue continued to grow, a result of increased demands for server and networking power management systems in cloud computing applications, coupled with power supplies for mobile devices and gaming applications. Meanwhile, thanks to ongoing market share gains as well as delivery growth in HIS (Human Input Solutions - PC Keyboards and Peripherals) and the smooth delivery of server enclosures, both HIS and Enclosure posted sales growths of over 20% Q-o-Q in Q2.
The Storage business segment accounted for 15% of total revenue, and gaming products showed steady development, supported by increased end-market demand.
Looking ahead, thanks to increased demand for LED Components & Lighting applications, mobile devices, power management systems and game consoles, moderate growths in sales and margins are expected in Q3. Meanwhile, Lite-On’s BOD has approved a share buyback plan of up to 100 million shares, with a price range of NT$ 25.34 - 53.97 from July 21st ~Sept. 20th, 2015, to enhance shareholders’ share value.
Press Contact:
Julia Wang,
Sr. Director of IR/PR
+886-2-8798-2888
Liteontech.IR@liteon.com