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Lite-On Technology 1Q14 gross margin falls to 25-quarter low - related company info
MOPS, May 14; Adam Hwang, DIGITIMES [Wednesday 14 May 2014]
  • Lite-On IT
  • Performance
    The company's stock price closed at NT$32.4 on the TSE on Wednesday, July 10, 2013.
    The company has reported consolidated revenues of NT$3,741 million for August 2013, representing a 6.4% increase on month and 19.4% drop on year.
    For the first quarter of 2013, the company totaled NT$10,329 million in consolidated revenues, down 5.5% sequentially and down 14.3% on year.
    Brief

    Full name: Lite-On IT

    Chinese name: 建興電子科技股份有限公司

    Short name: Lite-On

    Stock code: 8008

    Tax ID: 16839221

    Established: 23 Mar 1999

    Paid in capital: NT$9.17 billion

    Listed on TSE: 5 Nov 2004

    Listed on OTC: 23 Jul 2001

    Public since: 3 Jul 2000

    Website: www.liteonit.com

  • On display
    • Lite-On 46-inch RGB LED-based TV

      At the Display Taiwan 2007, Lite-On is displaying a variety of applications for its LEDs, with the applications including...

      Photo: Carrie Yu, Digitimes, Jun 14.

    • Lite-On 7-inch digital photo frame and 22-inch LED-based display

      Lite-On is showing a 7-inch photo frame at the ongoing Display Taiwan (June 13-16). The model incorporates a high-brightness...

      Photo: Carrie Yu, Digitimes, Jun 14.

    • Lite-On 8mm-thin LED BLU

      At the Display Taiwan 2007, Lite-On is displaying a variety of applications for its LEDs, with the applications including...

      Photo: Carrie Yu, Digitimes, Jun 14.

  • Latest sales

    Lite-On: Consolidated revenues, Aug 2012 - Aug 2013 (NT$m)

    Month

    Sales

    M/M

    Y/Y

    YTD

    Y/Y

    Aug-13

    3,741

    6.4%

    (19.4%)

    28,664

    (18.5%)

    Jul-13

    3,517

    (12.1%)

    (16.3%)

    24,924

    (18.3%)

    Jun-13

    4,000

    16.5%

    (15.6%)

    21,407

    (18.7%)

    May-13

    3,434

    (5.7%)

    (28.4%)

    17,407

    (19.3%)

    Apr-13

    3,640

    2%

    (23%)

    13,973

    (16.7%)

    Mar-13

    3,569

    13.1%

    (20.2%)

    10,333

    (14.3%)

    Feb-13

    3,156

    (12.5%)

    (17.4%)

    6,764

    (10.8%)

    Jan-13

    3,608

    6.7%

    (4.2%)

    3,608

    (4.2%)

    Dec-12

    3,383

    (6.6%)

    (16.5%)

    50,514

    (17.6%)

    Nov-12

    3,622

    (8.2%)

    (18.8%)

    47,131

    (17.7%)

    Oct-12

    3,946

    (10.5%)

    (26.8%)

    43,509

    (17.6%)

    Sep-12

    4,409

    (5%)

    (31%)

    39,563

    (16.5%)

    Aug-12

    4,639

    10.4%

    (20.4%)

    35,154

    (14.3%)

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, October 2014

    Lite-On: Consolidated revenues, 1Q12 - 1Q13 (NT$m)

    Quarter

    Sales

    Q/Q

    Y/Y

    YTD

    Y/Y

    1Q-13

    10,329

    (5.5%)

    (14.3%)

    10,329

    (14.3%)

    4Q-12

    10,929

    (17.4%)

    (21.3%)

    50,471

    (17.6%)

    3Q-12

    13,229

    (7.2%)

    (25.1%)

    39,542

    (16.6%)

    2Q-12

    14,257

    18.3%

    (9.7%)

    26,312

    (11.5%)

    1Q-12

    12,056

    (13.2%)

    (13.6%)

    12,056

    (13.6%)

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, October 2014

    Latest balance sheet and income statement

    Lite-On: Consolidated balance sheet, 4Q11 - 4Q12 (NT$k)

    Item

    4Q-2012

    3Q-2012

    2Q-2012

    1Q-2012

    4Q-2011

    Current assets

    30,047,225

    29,905,846

    32,442,641

    30,692,544

    34,066,992

    Long-term investments

    108,355

    13,393

    19,694

    22,995

    26,208

    Intangible assets

    4,114,551

    4,170,992

    4,228,151

    4,284,466

    4,342,985

    Other assets

    517,578

    541,537

    593,697

    616,512

    699,851

    Assets

    40,218,184

    40,123,126

    42,836,420

    41,265,998

    45,015,821

    Current liabilities

    15,742,533

    16,331,468

    19,746,118

    16,952,194

    21,108,823

    Other liabilities

    481,500

    522,474

    513,901

    388,571

    354,742

    Liabilities

    16,224,033

    16,853,942

    20,260,019

    17,340,765

    21,463,565

    Stockholders' equity

    23,994,151

    23,269,184

    22,576,401

    23,925,233

    23,552,256

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, October 2014

    Lite-On: Consolidated income statement, 1Q12 - 1Q13 (NT$k)

    Item

    1Q-2013

    4Q-2012

    3Q-2012

    2Q-2012

    1Q-2012

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    Gross sales

    10,669,684

     

    11,310,051

     

    13,561,780

     

    14,681,320

     

    12,350,796

     

    Operating revenue

    10,329,345

    96.8%

    10,929,459

    96.6%

    13,229,409

    97.5%

    14,256,570

    97.1%

    12,055,735

    97.6%

    Gross profit (loss) from operations

    1,958,580

    18.4%

    2,008,868

    17.8%

    2,311,044

    17%

    2,474,947

    16.9%

    2,013,224

    16.3%

    Operating expenses

    1,499,142

    14.1%

    1,321,887

    11.7%

    1,457,655

    10.7%

    1,712,210

    11.7%

    1,562,685

    12.7%

    Operating income (loss)

    459,438

    4.3%

    686,981

    6.1%

    853,389

    6.3%

    762,737

    5.2%

    450,539

    3.6%

    Non-operating revenues and gains

    90,544

    0.8%

    532,963

    4.7%

    236,001

    1.7%

    215,934

    1.5%

    255,198

    2.1%

    Income from continuing operations before income tax

    549,982

    5.2%

    899,986

    8%

    986,916

    7.3%

    891,505

    6.1%

    604,465

    4.9%

    Net income (loss)

    433,021

    4.1%

    713,145

    6.3%

    777,972

    5.7%

    704,434

    4.8%

    476,834

    3.9%

    Fully-diluted earnings per share (NT$)

    0.5

     

    0.8

     

    0.8

     

    0.7

     

    0.5

     

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, October 2014

  • Lite-On IT full profile
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20-Oct-2014 markets closed

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