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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 2021 TWDUSD
Revenue46,963.41M1,681.35M
Gross Profit27,690.25M991.34M
Operating income23,148.12M828.73M
Income before tax22,877.40M819.04M
Net income18,671.23M668.45M
EBITDA27,893.09M998.61M
Diluted EPS137.494.92
Dividends Per Share70.152.51
Total Assets174,710.88M6,314.77M
Total liabilities32,971.15M1,191.71M
Total equity141,739.72M5,123.06M
Operating cash flow22,039.66M789.05M
Currency in TWDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 53,135.53M 49,946.05M 60,764.20M 55,949.08M 46,963.41M
Gross Profit 36,682.14M 34,122.30M 41,631.21M 37,077.24M 27,690.25M
Operating income 32,093.30M 29,611.94M 36,499.33M 32,032.11M 23,148.12M
Income before tax 31,999.97M 31,148.27M 36,552.55M 31,653.17M 22,877.40M
Net income 25,975.62M 24,369.53M 28,263.08M 24,534.13M 18,671.23M
EBITDA 34,393.87M 32,507.40M 40,310.25M 36,376.31M 27,893.09M
Diluted EPS 191.77 180.04 208.78 180.93 137.49
Dividends Per Share 72.50 68 79 91.50 70.15
Total Assets 115,901.23M 132,648.42M 153,821.59M 171,276.23M 174,710.88M
Total liabilities 23,504.00M 25,048.85M 27,427.68M 30,474.07M 32,971.15M
Total equity 92,397.23M 107,599.57M 126,393.91M 140,802.15M 141,739.72M
Operating cash flow 31,573.48M 30,912.79M 31,432.53M 35,190.08M 22,039.66M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 1,746.57M 1,656.34M 1,965.67M 1,900.15M 1,681.35M
Gross Profit 1,205.74M 1,131.58M 1,346.73M 1,259.22M 991.34M
Operating income 1,054.91M 982.00M 1,180.72M 1,087.88M 828.73M
Income before tax 1,051.84M 1,032.95M 1,182.44M 1,075.01M 819.04M
Net income 853.82M 808.15M 914.28M 833.23M 668.45M
EBITDA 1,130.53M 1,078.02M 1,304.00M 1,235.41M 998.61M
Diluted EPS 6.30 5.97 6.75 6.14 4.92
Dividends Per Share 2.38 2.25 2.55 3.10 2.51
Total Assets 3,894.72M 4,315.59M 5,131.32M 6,095.67M 6,314.77M
Total liabilities 789.82M 814.94M 914.95M 1,084.56M 1,191.71M
Total equity 3,104.90M 3,500.65M 4,216.36M 5,011.10M 5,123.06M
Operating cash flow 1,037.82M 1,025.14M 1,016.81M 1,195.13M 789.05M

Valuation Measures

Dec 2021
PER17.69
ROA10.79%
ROE13.21%
Operating margin49.28%
Profit margin39.75%

Key executives

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

Shareholders

  • LIN YAO YING FAMILY (14.1%)
  • CHEN SHIH CHING (5.0%)
  • CHIANG TSUI YING (4.9%)
  • GIC Pte Ltd. (Investment Management) (4.1%)
  • HSIEH MING YUAN (2.7%)
  • Cathay Life Insurance Co., Ltd. (Invt Port) (2.5%)
  • The Vanguard Group, Inc. (2.4%)
  • Nan Shan Life Insurance Co., Ltd. (1.9%)
  • LIANG CHUNG JEN (1.5%)
  • BlackRock Fund Advisors (1.5%)

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

  • Largan Medical Co., Ltd.
  • Largan Health AI-Tech Co., Ltd.
  • Ba Fang Co., Ltd.
  • Largan Digital Co., Ltd.
  • Hsing Yu Optical Co., Ltd.
  • Ta Yang Technology Co. Ltd.
  • Largan (Hong Kong) Ltd.
  • Suzhou Largan Co., Ltd.
  • Ta Ken (Hong Kong) Ltd.
  • Astro International Ltd.

Competitors

  • Kinko Optical Co. Ltd.
  • GeniuS Electronic Optical Co., Ltd.
  • Young Optics Inc.
  • FIT Holding Co., Ltd.
Last Updated on 17 Aug, 2022

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