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Electronic Technology

LARGAN Precision Co., Ltd.

Company Background

Founded in 1987 by Scott Lin, Largan Precision is the world's leading manufacturer of smartphone camera lenses, supplying components to Apple and major Chinese cellphone makers. The company was listed on the Taiwan Stock Exchange in 2002.

Based in the central Taiwanese city of Taichung, the company achieved its current success by devoting itself to developing plastic aspherical lenses at a time when most competitors were still using glass.

Like most major Taiwanese companies, Largan is a family business. Incumbent Chairman Lin En-chou is the founder's eldest son, and Chief Executive Adam Lin is En-chou's younger brother.

Adam Lin used to be a pediatrician before joining the family business in 2006. He became the chief executive in 2010. The Lin family maintains a low profile and Adam is known to be laconic when talking with investors.

Business Summary

LARGAN Precision Co. Ltd. engages in the design and manufacture of plastic aspherical lens. Its main products include mobile phone lens, web cam, car lens, scanner, tablet computer lens and notebook computer lens. The company was founded by Yao Ying Lin on April 17, 1987 and is headquartered in Taichung, Taiwan.

Financial Highlights

Dec 2020 TWDUSD
Revenue55,949.08M1,900.15M
Gross Profit37,077.24M1,259.22M
Operating income32,032.11M1,087.88M
Income before tax31,653.17M1,075.01M
Net income24,534.13M833.23M
EBITDA36,376.31M1,235.41M
Diluted EPS180.936.14
Dividends Per Share91.503.10
Total Assets171,276.23M6,095.67M
Total liabilities30,474.07M1,084.56M
Total equity140,802.15M5,011.10M
Operating cash flow35,190.08M1,195.13M
Currency in TWDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 48,324.26M 53,135.53M 49,946.05M 60,764.20M 55,949.08M
Gross Profit 32,262.99M 36,682.14M 34,122.30M 41,631.21M 37,077.24M
Operating income 27,913.95M 32,093.30M 29,611.94M 36,499.33M 32,032.11M
Income before tax 28,236.75M 31,999.97M 31,148.27M 36,552.55M 31,653.17M
Net income 22,733.02M 25,975.62M 24,369.53M 28,263.08M 24,534.13M
EBITDA 30,012.45M 34,393.87M 32,507.40M 40,310.25M 36,376.31M
Diluted EPS 167.82 191.77 180.04 208.78 180.93
Dividends Per Share 63.50 72.50 68 79 91.50
Total Assets 97,074.46M 115,901.23M 132,648.42M 153,821.59M 171,276.23M
Total liabilities 20,231.94M 23,504.00M 25,048.85M 27,427.68M 30,474.07M
Total equity 76,842.51M 92,397.23M 107,599.57M 126,393.91M 140,802.15M
Operating cash flow 23,998.06M 31,573.48M 30,912.79M 31,432.53M 35,190.08M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,498.38M 1,746.57M 1,656.34M 1,965.67M 1,900.15M
Gross Profit 1,000.37M 1,205.74M 1,131.58M 1,346.73M 1,259.22M
Operating income 865.52M 1,054.91M 982.00M 1,180.72M 1,087.88M
Income before tax 875.53M 1,051.84M 1,032.95M 1,182.44M 1,075.01M
Net income 704.88M 853.82M 808.15M 914.28M 833.23M
EBITDA 930.59M 1,130.53M 1,078.02M 1,304.00M 1,235.41M
Diluted EPS 5.20 6.30 5.97 6.75 6.14
Dividends Per Share 1.96 2.38 2.25 2.55 3.10
Total Assets 3,012.02M 3,894.72M 4,315.59M 5,131.32M 6,095.67M
Total liabilities 627.75M 789.82M 814.94M 914.95M 1,084.56M
Total equity 2,384.26M 3,104.90M 3,500.65M 4,216.36M 5,011.10M
Operating cash flow 744.10M 1,037.82M 1,025.14M 1,016.81M 1,195.13M

Valuation Measures

Dec 2020
PER17.46
ROA15.09%
ROE18.36%
Operating margin57.25%
Profit margin43.85%

Key executives

  • Vice Chairman, Chief Executive Officer & Spokesman: En Ping Lin
  • Head-Finance & Accounting: Hsing Ju Tsao
  • Deputy General Manager: Yu Chih Huang

Shareholders

  • LIN YAO YING FAMILY (14.0%)
  • CHEN SHIH CHING (5.0%)
  • CHIANG TSUI YING (4.9%)
  • GIC Pte Ltd. (Investment Management) (2.7%)
  • HSIEH MING YUAN (2.6%)
  • The Vanguard Group, Inc. (2.3%)
  • Labor Pension New Fund (2.0%)
  • T. Rowe Price International Ltd. (1.6%)
  • Cathay Life Insurance Co., Ltd. (Invt Port) (1.6%)
  • Nan Shan Life Insurance Co., Ltd. (1.6%)

Contact Details

  • Website:http://www.largan.com.tw
  • Address: Taichung Machinery Tech Park, No. 11, Jingke Road, Taichung, 408 52, Taiwan
  • Phone: +886.4.36002345

Related Companies

  • Hsing Yu Optical Co., Ltd.
  • Ta Yang Technology Co. Ltd.
  • Dagen (Dongguan) Photoelectric Co., Ltd.
  • Largan (Hong Kong) Ltd.
  • Suzhou Largan Co., Ltd.
  • Ta Ken (Hong Kong) Ltd.
  • Net International Trading Ltd.
  • Amtai International Ltd.
  • Astro International Ltd.

Competitors

  • Kinko Optical Co. Ltd.
  • GeniuS Electronic Optical Co., Ltd.
  • Young Optics Inc.
  • FIT Holding Co., Ltd.
Last Updated on 23 Jul, 2021

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