Electronic Technology
Lite-On Technology Corp.
In the news
- China bets on $2tn high-tech infrastructure plan to spark economy Jun 1, 2020
- China's top chipmaker says it can match Samsung on memory tech Apr 13, 2020
- 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 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 2020 | TWD | USD |
| Revenue | 157,133.62M | 5,336.60M |
| Gross Profit | 26,397.21M | 896.50M |
| Operating income | 10,206.19M | 346.62M |
| Income before tax | 12,216.40M | 414.89M |
| Net income | 10,016.03M | 340.16M |
| EBITDA | 14,244.48M | 483.77M |
| Diluted EPS | 4.25 | 0.14 |
| Dividends Per Share | 3.40 | 0.11 |
| Total Assets | 176,067.23M | 6,266.18M |
| Total liabilities | 101,925.72M | 3,627.50M |
| Total equity | 73,589.67M | 2,619.03M |
| Operating cash flow | 16,850.88M | 572.29M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 229,571.75M | 214,564.32M | 207,109.08M | 177,954.16M | 157,133.62M |
| Gross Profit | 29,965.64M | 26,483.80M | 26,069.24M | 26,269.16M | 26,397.21M |
| Operating income | 12,709.26M | 8,343.96M | 7,485.81M | 9,353.59M | 10,206.19M |
| Income before tax | 12,560.40M | 3,201.28M | 10,605.25M | 12,303.76M | 12,216.40M |
| Net income | 9,416.35M | 2,629.33M | 7,956.83M | 9,374.89M | 10,016.03M |
| EBITDA | 19,516.65M | 14,440.95M | 12,490.56M | 13,968.48M | 14,244.48M |
| Diluted EPS | 4 | 1.13 | 3.38 | 3.98 | 4.25 |
| Dividends Per Share | 2.92 | 2.92 | 2.92 | 3.20 | 3.40 |
| Total Assets | 210,856.78M | 189,995.75M | 197,136.06M | 186,632.50M | 176,067.23M |
| Total liabilities | 131,576.35M | 116,228.32M | 122,457.66M | 111,991.11M | 101,925.72M |
| Total equity | 75,931.53M | 70,511.47M | 71,323.75M | 72,459.77M | 73,589.67M |
| Operating cash flow | 14,487.16M | 10,705.37M | 12,375.26M | 19,176.63M | 16,850.88M |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 7,118.32M | 7,052.76M | 6,868.27M | 5,756.66M | 5,336.60M |
| Gross Profit | 929.14M | 870.52M | 864.52M | 849.78M | 896.50M |
| Operating income | 394.07M | 274.26M | 248.24M | 302.58M | 346.62M |
| Income before tax | 389.46M | 105.22M | 351.69M | 398.01M | 414.89M |
| Net income | 291.97M | 86.42M | 263.86M | 303.27M | 340.16M |
| EBITDA | 605.15M | 474.67M | 414.21M | 451.86M | 483.77M |
| Diluted EPS | 0.12 | 0.03 | 0.11 | 0.12 | 0.14 |
| Dividends Per Share | 0.09 | 0.09 | 0.09 | 0.10 | 0.11 |
| Total Assets | 6,542.45M | 6,384.58M | 6,413.64M | 6,225.85M | 6,266.18M |
| Total liabilities | 4,082.54M | 3,905.71M | 3,984.04M | 3,735.90M | 3,627.50M |
| Total equity | 2,356.00M | 2,369.45M | 2,320.45M | 2,417.17M | 2,619.03M |
| Operating cash flow | 449.20M | 351.88M | 410.39M | 620.34M | 572.29M |
Valuation Measures
| Dec 2020 | |
| PER | 11.55 |
| ROA | 5.52% |
| ROE | 13.71% |
| Operating margin | 6.49% |
| Profit margin | 6.37% |
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 (5.0%)
- Ta Rong Investment Co. Ltd. (3.6%)
- BlackRock Fund Advisors (3.0%)
- The Vanguard Group, Inc. (2.8%)
- Yuanta Securities Investment Trust Co., Ltd. (2.1%)
- Ming Hsing Investment Co. Ltd. (2.0%)
- SOONG KUNG YUAN FAMILY (2.0%)
- Dimensional Fund Advisors LP (1.5%)
- 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
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Competitors
- Everlight Electronics Co., Ltd.
- Harvatek Corporation
- Delta Electronics, Inc.
- AcBel Polytech Inc.
- Chicony Power Technology Co., Ltd.
- Bright Led Electronics Corp
- Advanced Energy Industries, Inc.
- Darfon Electronics Corp
- INPAQ Technology Co., Ltd
- Primax Electronics Ltd.
- Phihong Technology Co., Ltd.
- NVE Corporation
- Billion Electric Co., Ltd.
- Ledtech Electronics Corp.
- SemiLEDs Corporation
- Shenzhen Honor Electronic Co. Ltd. Class A
- Genesis Photonics Inc.
- Sensortek Technology Corp.
- Zippy Technology Corp
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Last Updated on 22 Sep, 2021
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