Lite-On Technology (2301-tw) today reported first quarter consolidated sales of NT$51.4 billion, up 3% Y/Y, attributable to stable market growths from Cloud computing, LED/Outdoor lighting and High-end camera module. Thanks to the higher revenue scale and operational efficiency, operating profit was NT$2.05 billion; gross margin and operating margin were 13% and 4% respectively. Net profits of first quarter were NT$1.98 billion, up 16% Y/Y with EPS of NT$0.85, hitting a first quarter record high for 13 years. Meanwhile, the net cash position reached NT$32.1 billion, through aggressive working capital management, coupled with a positive free cash flow generated from operation.
     Opto-electronics accounted a 27% share of total sales in the first quarter. Thanks to the growing demand from invisible LED, ongoing market share gains in LED components, smooth delivery of LED vehicle lighting and market expansion of smart street lighting, coupled with increasing shipment of high-end camera modules, Optoelectronics posted a remarkable revenue growth of approximately 20% Y-o-Y.
     Information Technologies business accounted for 50% of total sales with a revenue growth of approximately 10%Y/Y, resulting from increased delivery of cloud computing related server and networking power management systems, ongoing market share gains in HIS (Human Input Solutions - PC Keyboards and Peripherals), and shipment growth in laser models of Multi-Function Peripherals. Meanwhile, Storage business accounted for 16% of total revenue.
     Sequential growth is expected in the second quarter, supported by stable market demands from Cloud computing, LED/Outdoor lighting and High-end camera modules. Press

Contact:
Julia Wang, Sr. Director of IR/PR
+886-2-8798-2888
Liteontech.IR@yizhaojr.com