LITEON Technology Reports 2024 EPS of NT$5.21 Q4 Sales Reached NT$38.3 Billion

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LITEON Technology reported the fourth quarter consolidated sales of NT$38.3 billion, up 4% Y-o-Y. Cloud & AIoT achieved an annual growth of over 20%, driving overall revenue back to a positive growth trajectory. The gross profit margin for the fourth quarter reached 21.3%, with an operating profit margin of 9.1%. Both gross profit and operating profit saw slight Y-o-Y increases. The net profit for the fourth quarter was NT$3 billion, with EPS of NT$1.33. Meanwhile, the Board of LITEON has approved a cash dividend of NT$2.5 per share for the fourth quarter. With the distributed cash dividend of NT$2.0 for the first half of 2024, the cash dividend for the whole year of 2024 will reach NT$4.5.

Sales has increased Q-o-Q starting from 2H 2024, returning to positive annual growth in Q4, with stable progress in three core businesses.

LITEON posts year 2024 revenue of NT$137.1 billion, with gross profit margin and operating profit margin of 21.6% and 9.4%, respectively. The net profit reached NT$11.9 billion, with EPS of NT$5.21. Performance of three core businesses:

1. Benefiting from the smooth shipment of next-generation AI server power supplies and cloud computing solutions, sales from high-end cloud power supplies grew steadily.
2. The proportion of advanced products has increased in the Information Technology & Consumer Electronics segment, with continued annual growth in shipments of LEO satellite power supplies and intelligent peripherals.
3. In optoelectronics semiconductor, the core applications of visible MiniLED and invisible LED continued to grow.

The year 2024 marks a turning point for LITEON. The previous phase of realigning focus and resources had concluded, and with gradual quarterly growth in the second half of the year, the fourth quarter saw a return to annual sales growth. By continuously optimizing product mix, implementing digital operation management and AI tools, and accelerating global sites expansion, LITEON aims to return to a growth trajectory in 2025. LITEON’s return on invested capital (ROIC) for 2024 is 49%, and the company will focus on long-term growth and strategic investments in the future.

The core businesses will drive the company back onto a positive growth trajectory in 2025

“LITEON continues to advance the progress of growth strategy in our core businesses. These core businesses will be the growth engines to drive the company back onto a positive growth trajectory in 2025. With the advent of the new generation of AI chips, LITEON’s cloud server integrated power solutions are expected to create growth momentum, driven primarily by advanced power shelfs exceeding 33kW, BBU backup systems, and other advanced system integration solutions, with shipments increasing steadily quarter by quarter. At the 2025 GTC, we will also unveil the latest architecture for high-performance computing and cloud application system integration solutions. Additionally, we will continue to accelerate global expansion, diversify operations and manufacturing sites, and provide an efficient local operational network and product services to global customers, enhancing operational resilience,” said Mr. Anson Chiu, President of LITEON Technology.

Looking ahead to 2025 Q1, accelerated shipments of high-end products are expected to drive yearly growth in core businesses; LITEON will participate in two major international events—MWC and GTC.

Looking ahead to the first quarter of 2025, core businesses are expected to show annual growth, primarily driven by accelerated shipments of high-end products in cloud computing and optoelectronic semiconductor. In cloud computing power management systems, the momentum of shipments for the new generation of high-end products is strengthening, with customer expansion proceeding as planned. Optoelectronic semiconductor is expected to grow quarter over quarter, focusing on high-end photocoupler applications in machine vision, industrial, and renewable energy sectors. In automotive electronics, LITEON is committed to enhancing high-value system products, integrating core capabilities of optical, imaging, and energy management. This includes providing integrated solutions for interior and exterior LED lighting, sensing and autonomous driving system image recognition, and energy management systems for EV charging stations, laying the foundation for smart grids.

In the first quarter, LITEON will expand its participation in the MWC and GTC:

At the 2025 MWC, LITEON will collaborate with eight international key partners to showcase the latest 5G private network small cell applications. This includes partnering with leading international telecom operators to combine AI image recognition and advanced network communication technologies, demonstrating innovative applications across various fields, and showcasing diversified private network deployment with Japanese telecom operator.

At the GTC, LITEON will present the latest architecture for high-performance computing and AI cloud applications, including integrated solutions for power, liquid cooling, and cabinets.

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