LITEON Technology (2301-tw) today reported the first quarter consolidated sales of NT$36.4 billion, up 27% Y-o-Y. Benefiting from the increased proportion of high-value businesses, optimized global operational efficiency, and the synergy brought by close collaboration with the supply chain, all three major business segments experienced annual growth. The gross profit margin reached 22.6%, and the operating profit margin was 10.1%, both increasing by 2.3 percentage points year-on-year. Of that, R&D investment accounted for 5.6% of the revenue for the quarter, marking a nearly 20% year-on-year increase. The net profit for the first quarter was NT$3.46 billion, with earnings per share reaching NT$1.51, a 45% year-on-year increase. Following participation in international exhibitions MWC and GTC in the first quarter, LITEON will return to join COMPUTEX Taipei in May, showcasing system solutions such as green data centers and AI-Ran.
LITEON continues to deepen its core business growth strategy, driving growth momentum for 2025; facing global political and economic challenges, it continues to strengthen competitiveness and global operation.
LITEON continues to deepen the growth strategy of its core business, using this as a growth driver. Profitability will continue to optimize, leading the company back to a growth trajectory in 2025. In response to global political and economic challenges, LITEON will continue to upgrade product specifications and operational models, enhance the competitiveness of high-value products and technologies, and strengthen global operational efficiency and scale. Furthermore, we are continuously implementing strategic global operation to establish flexible and resilient global supply chain management, closely aligning with local market and customer needs, flexibly adjusting production capacity, creating high-quality growth, and becoming the best partner for our customers,” said Mr. Anson Chiu, President of LITEON Technology.
The revenue growth in Q1 was driven by strong shipments of high-value core products from the three business segments.
In the first quarter, revenue reached NT$36.4 billion, representing a 27% year-on-year increase. The growth momentum was driven by strong shipments of high-value products from the three major business segments:
Cloud & AIoT Business: Thanks to the successful shipments of next-generation AI server power supplies, cloud computing products, and power management systems, Cloud & AIoT business achieved an annual growth of over 50%.
Optoelectronics Business: The revenue from optoelectronic semiconductors, including visible MiniLED and core applications of invisible LED, continued to increase, resulting in a nearly 10% Y-o-Y growth.
Information Technology & Consumer Electronics Business: The proportion of high-end products increased, and the growth in shipments of LEO satellite power supplies and intelligent peripherals led to a nearly 20% Y-o-Y revenue growth.
Looking ahead to Q2, operations are expected to outperform the first quarter, with an outlook for steady long-term growth.
Looking ahead to the second quarter, the core businesses are expected to show sequential growth, primarily driven by accelerated shipments of high-end products such as cloud computing and optoelectronic semiconductors. In the cloud computing power management systems, the momentum for shipments of high-specification power management systems and integrated cabinet solution is strengthening, with customer expansion proceeding as scheduled. Optoelectronic semiconductors are growing Q-o-Q, with advanced photocouplers seeing a recovery in the renewable energy and industrial automation markets, and Mini LEDs continuing to grow in applications for next-generation gaming PCs and gaming phones. The proportion of advanced products in the Information Technology & Consumer Electronics Business is increasing, with the main momentum coming from the growth in shipments of LEO satellite power supplies.
The treasury stock has repurchased over 12,000,000 shares within three weeks of the announcement; the AGM will be held on May 20th .
Upon approval by the Board, it is planned to repurchase 130,000,000 shares of treasury stock. The execution period is from April 10, 2025, to June 9, 2025. As of April 29, 2025, 12,135,000 shares have already been repurchased, reflecting LITEON's core values and protecting shareholders' rights. The AGM will be held on May 20, 2025.
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Corporate Brand Value Development Center