LITEON Technology Reports 2022 Nine-Month Net Profit of NT$10.3 Billion with EPS of NT$ 4.51, Record Gross Profit and Operating Profit

"In the third quarter, revenue and operating profit increased by 10% and 25%Y-o-Y respectively; EPS was up by 40% Y-o-Y, a quarterly record. LITEON gained dominant market share in new models and tenders of major global datacenter customers, as the consequence of investing product development in advanced power systems in the past years. In automotive electronics, we assured smooth delivery growth from LED vehicle lighting, ADAS camera modules and new model launches of EV chargers, and win new business from automotive brands, high-end commercial fleets, as well as European and American charging station operators. Furthermore, the capacity expansion in North America is expected that the power management system for data center and EV chargers will ramp up the trial production in the second half of 2023." said Mr. Anson Chiu, President of LITEON Technology.

Looking ahead, LITEON expects the sequential growth in the Q4 revenue and profit, mainly driven by cloud computing power management, 5G small cells, AIoT, automotive electronics and photocouplers.

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