Electronic Technology
Lite-On Technology Corp.
In the news
- China memory chip output zooms from zero to 5% of world total Nov 20, 2019
- Taiwan tech sector falls in August ahead of new iPhone launch Sep 13, 2019
- Toshiba Memory to buy Taiwan storage device maker for $165m Aug 31, 2019
- Taiwan -- unlikely beneficiary of the trade war? Mar 21, 2019
- Foxconn looks to move server production back to Taiwan for security Mar 18, 2019 See more articles on 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 2019 | TWD | USD |
| Revenue | 177,954.16M | 5,756.66M |
| Gross Profit | 26,269.16M | 849.78M |
| Operating income | 9,353.59M | 302.58M |
| Income before tax | 12,303.76M | 398.01M |
| Net income | 9,374.89M | 303.27M |
| EBITDA | 13,968.48M | 451.86M |
| Diluted EPS | 3.98 | 0.12 |
| Dividends Per Share | 3.20 | 0.10 |
| Total Assets | 186,632.50M | 6,225.85M |
| Total liabilities | 111,991.11M | 3,735.90M |
| Total equity | 72,459.77M | 2,417.17M |
| Operating cash flow | 19,176.63M | 620.34M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 216,928.73M | 229,571.75M | 214,564.32M | 207,109.08M | 177,954.16M |
| Gross Profit | 26,786.92M | 29,965.64M | 26,483.80M | 26,069.24M | 26,269.16M |
| Operating income | 8,652.82M | 12,709.26M | 8,343.96M | 7,485.81M | 9,353.59M |
| Income before tax | 9,882.20M | 12,560.40M | 3,201.28M | 10,605.25M | 12,303.76M |
| Net income | 7,222.89M | 9,416.35M | 2,629.33M | 7,956.83M | 9,374.89M |
| EBITDA | 15,933.08M | 19,516.65M | 14,440.95M | 12,490.56M | 13,968.48M |
| Diluted EPS | 3.05 | 4 | 1.13 | 3.38 | 3.98 |
| Dividends Per Share | 2.17 | 2.92 | 2.92 | 2.92 | 3.20 |
| Total Assets | 209,653.86M | 210,856.78M | 189,995.75M | 197,136.06M | 186,632.50M |
| Total liabilities | 129,970.27M | 131,576.35M | 116,228.32M | 122,457.66M | 111,991.11M |
| Total equity | 75,988.51M | 75,931.53M | 70,511.47M | 71,323.75M | 72,459.77M |
| Operating cash flow | 15,573.49M | 14,487.16M | 10,705.37M | 12,375.26M | 19,176.63M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 6,831.52M | 7,118.32M | 7,052.76M | 6,868.27M | 5,756.66M |
| Gross Profit | 843.57M | 929.14M | 870.52M | 864.52M | 849.78M |
| Operating income | 272.49M | 394.07M | 274.26M | 248.24M | 302.58M |
| Income before tax | 311.21M | 389.46M | 105.22M | 351.69M | 398.01M |
| Net income | 227.46M | 291.97M | 86.42M | 263.86M | 303.27M |
| EBITDA | 501.76M | 605.15M | 474.67M | 414.21M | 451.86M |
| Diluted EPS | 0.09 | 0.12 | 0.03 | 0.11 | 0.12 |
| Dividends Per Share | 0.06 | 0.09 | 0.09 | 0.09 | 0.10 |
| Total Assets | 6,382.74M | 6,542.45M | 6,384.58M | 6,413.64M | 6,225.85M |
| Total liabilities | 3,956.83M | 4,082.54M | 3,905.71M | 3,984.04M | 3,735.90M |
| Total equity | 2,313.40M | 2,356.00M | 2,369.45M | 2,320.45M | 2,417.17M |
| Operating cash flow | 490.44M | 449.20M | 351.88M | 410.39M | 620.34M |
Valuation Measures
| Dec 2019 | |
| PER | 12.23 |
| ROA | 4.88% |
| ROE | 13.04% |
| Operating margin | 5.25% |
| Profit margin | 5.26% |
Key executives
- Vice Chairman & Group Chief Executive Officer: Warren Chen
- Spokesman, Deputy GM, Head-Finance & Accounting: Kun Cheng Chu
- Senior Vice President: Meng Hua Huang
- General Manager-Photoelectric Business Group: Rex Chuang
- Director & Deputy General Manager: Ming Feng Song
Shareholders
- SOONG KUNG YUAN RAYMOND (7.0%)
- Ta Rong Investment Co. Ltd. (3.6%)
- The Vanguard Group, Inc. (3.2%)
- BlackRock Fund Advisors (2.8%)
- Mars Investment Ltd. (2.4%)
- Dimensional Fund Advisors LP (2.3%)
- Ming Hsing Investment Co. Ltd. (2.0%)
- Fubon Life Insurance Co., Ltd. (1.9%)
- Hermes Investment Management Ltd. (1.9%)
- Labor Pension New Fund (1.5%)
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
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- Lite-On Green Energy (HK) Ltd.
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- Lite-On Technology (Guangzhou) Investment Co. Ltd.
- Shenzhen Xuji Electronic Technology Co. Ltd.
- Wuxi Lite-on Opto Technology Co. Ltd.
- Lite-On Clean Energy Technology Corp.
- Lite-On Automotive (Wuxi) Co. Ltd.
- LTC International (L) Bhd.
- Silitek Electronics (Guangzhou) Co., Ltd.
- Lite-On (Guangzhou) Precision Mold Co., Ltd.
- Lite-On Technology (Guangzhou) Co., Ltd.
- Lite-On Green Technologies, Inc.
- Lite-On China Holding Co. Ltd. (BVI)
- Lite-On Electronics (Thailand) Co. Ltd.
- LTC Group Ltd.
- LTC International Ltd.
- Titanic Capital Services Ltd.
- Lite-On Technology USA, Inc.
Competitors
- Cheng Uei Precision Industry Co., Ltd.
- Advanced Energy Industries, Inc.
- Darfon Electronics Corp
- INPAQ Technology Co., Ltd
- AzureWave Technologies, Inc.
- NVE Corporation
- Sunrex Technology Corporation
- SemiLEDs Corporation
- Universal Scientific Industrial (Shanghai) Co., Ltd. Class A
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Last Updated on 27 Mar, 2020