Lite-On Technology (2301-tw) today reported fourth quarter 2015 consolidated sales of NT$57.75 billion, up 3% Q-o-Q, attributable to the increased demand from Power Management Systems and Storage in cloud computing, Opto-electronics in LED lighting and mobiles applications. Thanks to strong supply chain management and operational efficiency, net profits were NT$2.51 billion with EPS of NT$1.08, a record high in 8 quarters while gross margin and operating margin were 13.8% and 5.1%, increased 2.9% Y-o-Y and 2.7% Y-o-Y respectively.
      In 2015, thanks to market growths from Power Management Systems for cloud computing, Opto-electronics for LED lighting, Gaming and mobiles applications, Lite-On’s annual consolidated sales were NT$216.9 billion, and the gross margin and operating margin were 13.0% and 4.0%, increased by 0.8%Y-o-Y and 0.9% Y-o-Y respectively. The net profits were 7.22 billion with EPS of NT$3.11, up 12% Y-o-Y. Meanwhile, the net cash position reached NT$26.7 billion through aggressive working capital management, coupled with a positive free cash flow generated from operation.
     Lite-On's core businesses showed stable development in 2015, and revenue of non-traditional PC related products contributed over 60% share of Lite-On’s overall revenue, of which Opto-electronics accounted a 25% share of total sales, resulting from increased demand of LED components and vehicle lighting, consumer electronics and mobiles applications, as well as ongoing market share gains driven by delivery growths of high-end camera modules for smartphoness.
     The Information Technologies business segment accounted for 49% of total revenue, of which Power Systems’ annual revenue hit a record high in 2015, resulting from increases in global demand for server power management systems in cloud computing as well as mobiles devices. Meanwhile, in Mechanical Competence, increased shipments of high-end server enclosure products, ongoing market share gains and delivery growths in HIS (Human Input Solutions - PC Keyboards and Peripherals) as well as increased shipments in Multi-Function Peripheral laser models, resulting in a yearly growth of 2% in IT segment.
     Storage business accounted for 16% of revenue. Thanks to increased demand, game console application products achieved a revenue growth of approximately 10% Y-o-Y.
     In 2016, Lite-On is committed to focusing on profitability optimization through the continuous enhancement on resources integration and operational efficiency in cloud computing, LED components & lighting, and mobiles device related products as the profitable growth drivers, while aggressively expanding into the five major IOT (Internet of Things) applications, such as cloud computing, LED lighting, automotive electronics, biomedical, as well as industrial automation.
     Lite-On's Board has proposed a 2015 dividend plan offering NT$2.24 per share. Of that sum, the cash and stock dividend portions will be NT$2.19 and NT$0.05 per share respectively. The dividend payout ratio and cash yield reached 72% and 5.8% respectively, maintaining a stable and generous dividend policy.

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