Largan sees 2Q21 foreign exchange loss of NT$1.23 billion

Smartphone-use lens module maker Largan Precision suffered loss of NT$1.23 billion (US$44.0 million) from foreign exchange in the second quarter of 2021, equivalent to eroding net EPS for the quarter by NT$9.17, according to company CEO Lin En-ping.

Of lens modules shipped in the second quarter, 20-mgapixel and above models accounted for 20-30%; 10- to below 20-mgapixel, 50-60%; 8- to below 10-megapixel, 0-10%; and below 8-megapixel, 10-20%.

While 7P (seven plastic lens pieces) lens modules are taking up a large proportion of shipments currently, several clients have deigned in or adopted 8P models, Lin said.

Although Largan hopes to focus on high-end lens modules, it will not decline orders for mid-range and entry-level models in consideration of hiking utilization of overall production capacity and higher yield rates, Lin noted.

Largan will accept orders for lens modules used in automotive cameras if prices are reasonable, Lin indicated. But because car-use lens modules are of various models each with small-volume orders, Largan's production capacity available for such lens modules is limited, Lin explained.

Source: Company, compiled by Digitimes, July 2021