Taiwan-based EMS provider Lite-On Technology saw consolidated revenues for the first quarter of 2013 decrease by 11.6% on quarter but expects those for the second quarter to grow sequentially by up to 10%, company CEO Warren Chen said at a May 13 investors conference.
Lite-On Technology expects LED lighting, CCMs (compact camera modules), SSDs (solid-state drives), automotive electronics and power supplies to become major sources of revenue growth in 2013, Chen pointed out.
The company's IT business group, including components used in notebooks, desktops and tablets as well as multi-function peripherals (MFPs), accounted for 39.5% of Lite-On Technology's first-quarter consolidated revenues, LED devices, CCMs, chassis of hand-held devices together for 32.4%, optical disc drives (ODDs) and SSDs for 22.1%, LED lighting products and devices as well as green energy products for 6.0%.
With affiliated Lite-On IT combined with Lite-On Technology, the former's ODDs, SSDs and automotive electronics are included in the latter's consolidated accounting. While ODD revenues have kept falling, SSD revenues for the first quarter hiked on year by 260%, Chen indicated.
Orders for power supplies are expected to grow in the second half of 2013 due to application to cloud computing, and Lite-On Technology has obtained orders from China-based vendors for power supplies for use in data centers.
| Lite-On Technology: Financial report, 1Q13 (NT$b) | |||
| Item | Amount | Q/Q | Y/Y |
| Consolidated revenues | 46.768 (US$1.57 billion) | (11.6%) | (11.1%) |
| Gross margin | 14.72% | up 0.09pp | up 1.38pp |
| Net operating profit | 1.968 | (31.4%) | (6.0%) |
| Net profit | 1.577 | (31.5%) | 29.9% |
| Net earnings per share (NT$) | 0.70 |
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Source: Company, compiled by Digitimes, May 2013
Article translated by Adam Hwang
