Lite-On Technology (2301-tw) today reported first quarter consolidated sales of NT$49.84 billion, attributable to stable market growths from Cloud computing, Storage and LED/Lighting applications. Thanks to better product mix and operational efficiency, gross margin and operating margin were 13.2% and 4.1%, increased 0.7% Y-o-Y and 0.8% Y-o-Y respectively, showing operating profits of NT$2.04 billion, up 19% Y-o-Y. Net profits were NT$1.71 billion with EPS of NT$0.74, up 4% Y-o-Y. Meanwhile, the net cash position reached NT$26.9 billion through aggressive working capital management, coupled with a positive free cash flow generated from operation.
     Opto-electronics accounted a 23% share of total sales with a revenue decrease of 11% Y-o-Y, mainly impacted by operational adjustments of Portable Image Devices, whereas LED components and vehicle lighting posting steady growths.
     The Information Technologies business segment accounted for 47% of total revenue, of which Clouding computing application products posted continuous revenue growths year-on-year, driven by delivery growth of server and networking power management systems and high-end server enclosures.
     Storage business accounted for 20% of revenue. Thanks to increased demands from Cloud computing as well as other storage applications, it posted a revenue growth of over 20% Y-o-Y in the first quarter.
     Sequential growth in operational performance is expected in the second quarter, resulting from stable market demands in Cloud computing, LED/Lighting and Storage applications.

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