LITEON Technology Reports Consolidated May Sales of NT$14.6 billion, Up 7% YoY

Estimated reading time: 1 minute

LITEON Technology reported its May consolidated revenue of NT$14.6 billion, up 6 % M-o-M and 7% Y-o-Y, hitting a record high of the same period in 3 years, as a result of ongoing shipment recovery on supply chain from gradual lifting lockdown in East China area as well as LITEON's cross-regional diversified production sites with flexible and quick-responded capacity management. Thanks to continuous optimization of product mix and the stable demand from its core business, cumulative sales for January to May totaled NT$ 69.6 billion, up 7% Y-o-Y.

Opto-electronics business contributed a 20% share of total sales, of which, stable demand from LITEON's worldwide No.1 shipment photocouplers used in industrial automation, high-end power supply and green energy applications; smooth delivery of sensor modules applied in wearables, coupled with delivery growth of the electronic vehicle chargers and LED vehicle lighting, Opto-electronics business posted a yearly growth of 3%. 

Cloud & AIoT business contributed a 31% share of sales, which already accounted for over 30% of total revenue for five consecutive months. Thanks to the delivery growth from high-end datacenter server and networking power management systems for cloud computing, Cloud & AIoT posted a yearly growth of 9%.

Information Technology & Consumer Electronics business accounted for 49% of sales, of which, market demand from the high-end Notebook PC power adapters, gaming power supplies, IT keyboards and mice, as well as laser models of multi-function peripherals presented a growth of 8 % Y-o-Y.