Lite-On Technology (2301-tw) today reported third quarter 2014 consolidated revenue of NT$60.61 billion with growths of 4% Q-o-Q and 6% Y-o-Y, attributable to stable development in all core businesses. Thanks to increased end-market demand, coupled with ongoing market share gains, consecutive growths of both revenue and profits were achieved quarter by quarter in LED components / lighting, power management systems, storage, game console and IT related business. However, due to operational reorganization in Lite-On mobiles as well as recording a one-off asset impairment loss by Silitech, the mobiles Mechanics business segment presented an operational net loss of NT$ 0.96 billion in Q3. Additionally, an inventory adjustment expenses by the Optoelectronics business segment resulted in Lite-On’s third quarter net profits being NT$1.55 billion with EPS of NT$0.67, while the gross margin and operating margin were 12.3% and 3.1% respectively.
     The cumulative consolidated revenue from the first three quarters was NT$170.58 billion with a growth of 11% Y-o-Y, and net profits were NT$5.01 billion with EPS of NT$2.17. Meanwhile, Lite-On’s net cash position reached NT$14.3 billion after cash dividends for shareholders, employee bonuses and directors’ remuneration were distributed.
     The Optoelectronics business segment contributed a 25% share of Lite-On’s overall revenue in the third quarter. Thanks to growing demands from outdoor and automotive LED lighting, consumer electronics and mobiles devices, sales of LED components and lighting grew by over 10% Y-o-Y; camera module business continued to increase its delivery of high megapixel products as well as making gains in the global market share of smartphones and tablet applications, resulting in an overall Optoelectronics business sales growth of 24% Y-o-Y in Q3.
     The Information Technologies business segment accounted for 46% of the total revenue with a revenue growth of 14% Y-o-Y, while its operating profits increased 23% Y-o-Y. Of this, power supplies revenue achieved a growth of approximately 20% Y-o-Y, resulting from increases in global demand for networking devices and server power management systems in cloud computing applications, IT, mobiles devices and game consoles. Meanwhile, Enclosure posted a revenue growth of 10% Y-o-Y, driven by the smooth delivery of high-end server enclosure products; HIS (Human Input Solutions - PC keyboards and peripherals) enjoyed a revenue growth of approximately 30% Y-o-Y, supported by ongoing market share gains as well as the increased delivery of tablet keyboards in Q3.
     The Storage business segment accounted for 17% of total revenue with a revenue growth of 7% Y-o-Y, and its operating profits grew by approximately 70% Y-o-Y. The growths were mainly attributable to increased end demand for Optical Disk Drives (ODD) for game console application, coupled with solid end demand and ongoing Solid State Drive (SSD) market share gains.
     Continued operating performance improvement is expected in the fourth quarter, resulting from increased end-market demands as well as ongoing market share gains in LED and lighting application, high-end networking devices and server power management systems business. Additionally, stable development in core business as well as ongoing reorganization within Lite-On mobiles while fulfilling customer requirements with core competence enhancement, coupled with a better product mix to improve operating efficiency.

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+886-2-8798-2888
Liteontech.IR@yizhaojr.com