LITEON Reports March Sales Growth of 15% Y-o-Y

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LITEON Technology (2301-tw) reported its March consolidated revenue of NT$13.24 billion, up 27% M-o-M and 15% Y-o-Y, excluding transferred SSD and Silitech, which would not be consolidated into LITEON’s financial report starting from 2021. Thanks to the stable demand from its core business, cumulative sales for January and March totaled NT$37.72 billion, up 26% Y-o-Y. 

Opto-electronics business contributed a 22% share of total sales, of which, the ongoing demand growth from LED components driven by invisible LEDs used in industrial automation, 5G and AIoT applications, UV LED applied to medical, disinfection, water and air purification, coupled with delivery growth of LED vehicle lighting supported Opto-electronics a growth of over 20% Y-o-Y in March. 

Cloud & AIoT business contributed a 26% share of total sales. Thanks to the delivery growth from datacenter server and networking power management systems for cloud computing, power supplies for AI smart home devices, and high-end sever enclosures, Cloud & AIoT posted a growth of over 20% M-o-M.

Information Technologies & Consumer Electronics business accounted for 53% of total revenue, of which the strong demand from Notebook PC power adapters and gaming power supplies, smooth delivery of laser models of Multi-Function Peripherals, coupled with ongoing market share gain in IT keyboards and mice supported Information Technologies & Consumer Electronics a growth of over 30% M-o-M.