LITE-ON Technology announced consolidated revenue of NT$14.6 billion for May 2022.
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Unedited press release follows:
LITEON Technology Reports Consolidated May Sales of NT$14.6 billion, up 6 % M-o-M and 7% Y-o-Y, a record high of the same period in 3 years
2022/06/07 — LITEON Technology (2301-tw) today 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.