LED components and automotive lighting, power, working to enhance prediction of Q2 Lite

Lite on Technology (27) yesterday held the first quarter of this year "and announced first quarter earnings, sales gross margin and net operating rates were 11.1% and 1.6%, lower than the previous quarter of 13.28% and 4.2%, also lower than the same period last year 13.03% and 4%; net income was 1 billion 40 million yuan (NT, the same below), quarter by 54.7% the annual reduction of 47.5% per share, net profit of 0 .45 yuan.

Lite said, benefit from cloud computing, LED components and automotive lighting, AI smart Home Furnishing and game related products and the market growth, the first quarter turnover of 48 billion 530 million yuan, quarter by 10.4%, the annual reduction of 5.5% to reduce the number of days since the first quarter, revenue size slightly reduced with rising cost of sales, sales gross margin and Net operating rates were 11.1% and 1.6%; net income was 1 billion 40 million yuan, net profit of 0.45 yuan per share; at the same time, through the working capital management of positive net cash position, when the quarter reached 27 billion 100 million yuan.

Lite photoelectric Department also pointed out that the first quarter revenues accounted for 25%; growth mainly comes from not visible LED market demand continues to grow with the LED element of market share expansion, with LED automotive lighting shipments smooth and Middle East market LED Street extension shipments driven by LED components and automotive lighting products revenue in the first quarter performance was brilliant, the year increase Nearly 20%.

Lite also pointed out that the first quarter of the information product sector accounts for 52% of total revenue. Benefit from the cloud computing high order server, network equipment power management system, game machine and AI smart home equipment power supply product shipments growth driven by power enterprise overall revenue growth of more than 10% years, at the same time, the storage device the first quarter of 16% of total revenue.

In the second quarter, Lite said in cloud computing, LED components and automotive lighting, AI Home Furnishing and wisdom gaming products and market demand continued warming, the overall operating performance is expected to continue to increase over the previous quarter.

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