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Electronic Technology

Lite-On Technology Corp.

Company Background

Lite-On Technology is a major Taiwanese manufacturer of light-emitting diodes and computer peripherals. Its core businesses include LED lighting, power supply systems for electronics, and computer and game console casings.

The company was founded in 1975 by former employees of Texas Instruments. In 1983, Lite-On became the first Taiwanese electronics company to be listed on the local stock exchange.

Lite-On since 2001 has sponsored a prestigious innovation award in Taiwan, its way of fostering technological progress. In recent years, the company has built up its green credentials, particularly with power-saving technologies, leading to its inclusion in the Dow Jones Sustainability Indices.

Raymond Soong, one of the founders, is the incumbent chairman. He holds a bachelor's degree in electronic engineering from Taipei College of Technology.

Business Summary

Lite-On Technology Corp. provides optoelectronics, information technology and storage devices components. It focuses on components, module, and systems. The company produces products that are used in a broad range of applications, such as computers, communications, consumer electronics, automotive electronics, LED lighting, cloud computing, industrial automation as well as biotech and healthcare. Lite-On Technology was founded on June 2, 1975 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2021 TWDUSD
Revenue164,827.94M5,901.07M
Gross Profit29,444.04M1,054.13M
Operating income13,042.13M466.92M
Income before tax17,557.86M628.59M
Net income13,886.55M497.15M
EBITDA17,179.69M615.05M
Diluted EPS5.920.21
Dividends Per Share4.500.16
Total Assets183,543.41M6,634.01M
Total liabilities110,669.89M4,000.06M
Total equity72,341.06M2,614.70M
Operating cash flow10,541.05M377.38M
Currency in TWDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 214,564.32M 207,109.08M 177,954.16M 157,133.62M 164,827.94M
Gross Profit 26,483.80M 26,069.24M 26,269.16M 26,397.21M 29,444.04M
Operating income 8,343.96M 7,485.81M 9,353.59M 10,206.19M 13,042.13M
Income before tax 3,201.28M 10,605.25M 12,303.76M 12,216.40M 17,557.86M
Net income 2,629.33M 7,956.83M 9,374.89M 10,016.03M 13,886.55M
EBITDA 14,440.95M 12,490.56M 13,968.48M 14,244.48M 17,179.69M
Diluted EPS 1.13 3.38 3.98 4.25 5.92
Dividends Per Share 2.92 2.92 3.20 3.40 4.50
Total Assets 189,995.75M 197,136.06M 186,632.50M 176,067.23M 183,543.41M
Total liabilities 116,228.32M 122,457.66M 111,991.11M 101,925.72M 110,669.89M
Total equity 70,511.47M 71,323.75M 72,459.77M 73,589.67M 72,341.06M
Operating cash flow 10,705.37M 12,375.26M 19,176.63M 16,850.88M 10,541.05M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 7,052.76M 6,868.27M 5,756.66M 5,336.60M 5,901.07M
Gross Profit 870.52M 864.52M 849.78M 896.50M 1,054.13M
Operating income 274.26M 248.24M 302.58M 346.62M 466.92M
Income before tax 105.22M 351.69M 398.01M 414.89M 628.59M
Net income 86.42M 263.86M 303.27M 340.16M 497.15M
EBITDA 474.67M 414.21M 451.86M 483.77M 615.05M
Diluted EPS 0.03 0.11 0.12 0.14 0.21
Dividends Per Share 0.09 0.09 0.10 0.11 0.16
Total Assets 6,384.58M 6,413.64M 6,225.85M 6,266.18M 6,634.01M
Total liabilities 3,905.71M 3,984.04M 3,735.90M 3,627.50M 4,000.06M
Total equity 2,369.45M 2,320.45M 2,417.17M 2,619.03M 2,614.70M
Operating cash flow 351.88M 410.39M 620.34M 572.29M 377.38M

Valuation Measures

Dec 2021
PER10.61
ROA7.72%
ROE19.03%
Operating margin7.91%
Profit margin8.42%

Key executives

  • President & General Manager: Anson Chiu
  • Chief Financial Officer: Hsi Kung Chang
  • Senior Vice President: Meng Hua Huang
  • General Manager-Photoelectric Business Group: Rex Chuang
  • Assistant Manager-Accounting: Yu-Ting Lo

Shareholders

  • Yuanta Securities Investment Trust Co., Ltd. (5.6%)
  • SOONG KUNG YUAN RAYMOND (5.0%)
  • Ta Rong Investment Co. Ltd. (3.6%)
  • Cathay Securities Investment Trust Co., Ltd. (3.4%)
  • The Vanguard Group, Inc. (2.8%)
  • BlackRock Fund Advisors (2.7%)
  • Ming Hsing Investment Co. Ltd. (2.0%)
  • SOONG KUNG YUAN FAMILY (2.0%)
  • Norges Bank Investment Management (1.5%)
  • Labor Pension New Fund (1.4%)

Contact Details

  • Website:http://www.liteon.com
  • Address: No. 392 Ruey Kuang Road, Neihu District, Taipei, 114 92, Taiwan
  • Phone: +886.2.8798.2888

Related Companies

  • Lite-On Integrated Service, Inc.
  • KBW-LITEON Jordan Private Shareholding Ltd.
  • Lite-On Automotive Electronics Mexico SA de CV
  • Lite-On Vietnam Co., Ltd.
  • Skyla Corp.
  • Lite-On Technology Corp. /Solid State Drive Business/
  • Lite-On Power Electronic India Pvt Ltd.
  • Shenzhen Lite on-Mobile Precision Molds Co., Ltd.
  • Lite-On Mobile Electronic & Telecommunication Components Co.
  • LarView Technologies Corp.
  • Lite-On Photoelectricity (Wuxi) Co. Ltd.
  • Lite-On Green Technologies Australia Pty Ltd.
  • Lite-On Green Energy (HK) Ltd.
  • Lite-On Green Technologies (HK) Ltd.
  • Lite-On Green Technology BV
  • Lite-On Hui Tsai Information Services Co., Ltd.
  • Shenzhen Xuji Electronic Technology Co. Ltd.
  • Wuxi Lite-on Opto Technology Co. Ltd.
  • Let (HK) Ltd.
  • Lite-On Clean Energy Technology Corp.
  • Lite-On International Holding Co. Ltd.
  • Lite-On Automotive International Cayman Co. Ltd.
  • LTC International (L) Bhd.
  • Silitek Electronics (Guangzhou) Co., Ltd.
  • Lite-On (Guangzhou) Precision Mold Co., Ltd.
  • Lite-On Green Technologies, Inc.
  • Lite-On Electronics (Thailand) Co., Ltd.
  • LTC Group Ltd.
  • Lite-On Technology USA, Inc.
  • Lite-On Mobile Pte Ltd.

Competitors

  • Everlight Electronics Co., Ltd.
  • Harvatek Corporation
  • Delta Electronics, Inc.
  • Chicony Power Technology Co., Ltd.
  • AcBel Polytech Inc.
  • Bright Led Electronics Corp
  • Advanced Energy Industries, Inc.
  • INPAQ Technology Co., Ltd
  • Primax Electronics Ltd.
  • Billion Electric Co., Ltd.
  • Advanced Optoelectronic Technology, Inc.
  • Phihong Technology Co., Ltd.
  • NVE Corporation
  • SemiLEDs Corporation
  • Shenzhen Honor Electronic Co. Ltd. Class A
  • Zippy Technology Corp
  • Sensortek Technology Corp.
Last Updated on 4 Oct, 2022

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