Lite-On Technology (2301.TW) today held its 2015 annual general meeting, during which the shareholders approved the distribution of a NT$2.02 dividend per common share. Of that sum, the cash and stock dividend portions will be NT$1.97 and NT$0.05 per share respectively. The payout ratio and cash dividend yield are 72% and 5.5%, in line with the company’s high and stable payout ratio.
This year, Lite-On successfully completed the “One Lite-On” project, merging nine subsidiaries into one. With the resources and competiveness of Lite-On Automotive, Lite-On IT, LarView, Leotek, Li Shin, Lite-On Clean Energy, Lite-On Mobile, Dong Guan G-Tech, and Dong Guan G-Pro, Lite-On is entering its 40th year with a brand new face. Thanks to an effective re-organization, coupled with financial and operational cost reductions, the results of the consolidation are showing gradually. In 2014, Lite-On’s consolidated revenue reached NT$230.63 billion, with a growth of 8% Y-o-Y. The non-traditional PC related products contributed approximately a 50% share of total revenue with a sales growth of 30% Y-o-Y, and net profits were NT$6.46 billion with EPS of NT$2.8.
Lite-On Chairman, Mr. Raymond Soong, indicated that since the “One Lite-On” project officially began in 2014, the eight business groups consisting of Mobile Mechanics, PID, Power System, Storage, MEC, CDSS, OPS and New Business had been established. Further, they had embraced Lite-On’s corporate spirit of passion, excellence, innovation and growth to raise the efficiency of operational synergy, reinforce innovative competence and take hold of the next wave of growth and market opportunities. In 2015, Lite-On’s operational focus will return to making profits and stabilizing operations for further enhancement of asset utilization. Meanwhile, it will implement an overall production process refinement by means of automation of production processes to optimize capacity.
Lite-On has always been dedicated to building transparent corporate governance and upholding corporate social responsibility (CSR). In June 2015, Lite-On was selected as a constituent of the MSCI Global Sustainability Index for the second year running, and also selected as a leading member of the Dow Jones Sustainability Index (DJSI) for the fourth year in a row. Meanwhile, Lite-On’s highly transparent information disclosure efforts secured a ranking of A++ on the SFI (Securities & Futures Institute).
Facing the dynamic changes and uncertainties of the global economy, Lite-On chose to be the “Best Partner in Opto-Electronic, Eco-Friendly and Intelligent Technologies” as its company vision and dedicated itself to being “A World-Class Excellent Company”; Lite-On is devoted to being the first choice of customers for innovative design, hardware and applications. Meanwhile, as Lite-On continues to explore new business developments in the areas of LED lighting, cloud computing, automotive electronics and biomedical technology, as well as increase business scales, a new wave of growth is anticipated.
Press Contact:
Julia Wang,
Senior Director of IR/PR
+886-2-8798-2888
LiteOnTech.IR@liteon.com