Lite-On Technology (2301-tw) today reported first quarter 2013 consolidated revenue of NT$46.77 billion and net profits of NT$1.58 billion with EPS of NT$0.7, up by 30% Y-o-Y. Thanks to effective supply chain management and productivity improvements, the gross margin and operating margin in the first quarter were 14.7% and 4.2%, up 1.4% and 0.2% Y-o-Y respectively. These increases, demonstrating the company’s profitable growth, were mainly attributable to the growth of core products, such as Camera Modules, LED components & General Lighting and Solid State Drives.
Despite ICT market declines, Lite-On’s Q1 core business units’ sales showed steady growth from Mobile devices, LED & General Lighting and Automotive applications. As for revenue by business segments disclosed in the consolidated financial report, in the Optoelectronics & Communications business segment, Camera Module posted a revenue growth of over 30% Y-o-Y, supported by high-end products’ ongoing gains in the global market share of Smart-phones and Tablets; LED components & General Lighting products reported revenue growth of approximately 30%, thanks to substantial demand from branded customers and delivery growth; which resulted in this business segment’s net profits growth reaching approximately 80% Y-o-Y.
In the Storage business segment, Solid State Disk (SSD) posted a tremendous revenue growth of 260% Y-o-Y, as a result of strong market demand, in spite of consecutive declines in Optical Disk Drives (ODD) for IT application.
Meanwhile, Automotive Electronics also posted a sales growth approximately 30% Y-o-Y, driven by solid market demand, as well as ongoing market share gains in worldwide brand customers.
In Q213, a better product mix and ongoing margin expansions are expected, resulting from solid demand for Cloud Computing Mobile devices, LED & General Lighting and Automotive Electronics. LED Lighting business will play a key role in driving the company’s profitable growth with its strong position in the global market of LED General Lighting (indoor and outdoor) and Vehicle Lighting ― including its subsidiary Leotek’s gradual completion of its projects for 46,000 LED street lights in a total of six counties in Taiwan this year.
Lite-On adopts International Financial Reporting Standards (IFRSs) from Q113, and the report consists of Optoelectronics & Communications, Information Technology, and Storage business segments.
Following is a table listing the products that are manufactured and sold in each business segment:
Press Contact:
Julia Wang,
Director of IR/PR
+886-2-8798-2888
Liteontech.IR@liteon.com