Financial Updates: AOT, LiteOn and Laster Tech Report Revenue Drop due to Seasonality

LED manufacturers reported revenue drop for November as the demands decrease in the off-peak season.

AOT, the LED company under the Foxconn Group, has posted a revenue of NT$ 332 million (US$ 10.76 million) for November with a decrease of 10.4% MoM and 39.9% YoY. LED backlighting is the major business of the company which accounts for more than 90 percent of its revenue. Therefore, the dropped demands of TV backlight due to seasonality led to the decreased monthly revenue of AOT.

(Image: AOT)

AOT also began the development of Mini and Micro LED with the expectation to ship small volume Mini LED products in 1Q19. AOT’s development in Micro/Mini LED has been integrated with LED chip maker epileds, panel producer Innolux and TV brand Sharp under the umbrella of the Foxconn group. The interior integration is believed to be advantageous for its Micro LED development.

Meanwhile, Lite-On announced its consolidated revenue in November of NT$ 16.73 billion (US$ 542.07 million) with a decrease of 5% MoM and YoY. About 15 percent of Lite-On’s revenue comes from the photoelectrics division, with the momentum driven by invisible LED and automotive LED.

Laster Tech, the LED automotive lighting module producer, registered a revenue of NT$ 408 million in November with a 12.93% on year drop. The company has continuously expanded its Chinese automobile market share by strengthening its partnership with tier one automotive lighting companies including Huayu Vision Technology, Varroc TYC and Guangzhou Koito. Laster Tech’s LED modules have been adopted by several automobile manufacturers in China. However, the sales decrease in the Chinese automobile market has resulted in Laster Tech’s revenue drop in November.

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