Local power supply unit maker Lite-On Technology Corp (光寶科技) is aiming to grow its revenues by at least a single-digit percent next year from this year, backed by growing shipments, company executives said yesterday.
Lite-On chairman Raymond Soong (宋恭源) said the company “holds a cautiously optimistic view on next year’s operations.”
“We hope the company can make some progress in 2012 compared with 2011 ... The growth will be more than a single-digit percentage,” he said.
In the first three quarters of this year, Lite-On made NT$89.81 billion (US$2.96 billion) in revenues.
Power supply units, LED products and camera modules used in handsets would be the major growth drivers, the company said.
Shipments of camera modules are likely to grow to about 23 million units a month, up 44 percent from 16 million units this year, after the company landed new clients, Lite-On said. More than half of the camera module shipments would be for smartphones, it said.
“There are lots of [economic] uncertainties in the first half [of next year], but we are bullish about the second half,” Lite-On chief executive Terng Kuang-chung (滕光中) told reporters.
Lite-On also expects to improve its gross margin next year to more than the 12.4 percent average it reported this year, Terng said.
Terng said factory automation was one of the reasons the company expects a higher gross margin and it was also a key factor behind Lite-On’s stronger-than--expected profits in the third quarter of the year.
Factory automation has helped Lite-On save 1 percent a quarter on manufacturing costs, he said.
Next year, Lite-On plans to cut capital spending by about 18 percent to about NT$2.8 billion, spending the money primarily on factory automation rather than capacity expansion, compared with NT$3.4 billion in spending this year, Terng said.