It is understood that Lite-On camera module division team of about 5,000 people, mainly responsible for mobile phone camera module-related business, Li Jing innovative initial presentation to the Lite-On Division, are willing to remain in the group all the team members to ensure that the original staff The right to work. Lite-On camera module business group transaction case will include all the business, inventory, equipment, staff team, technology and IP, customer supplier relationships and product warranty responsibilities, to obtain a 10% stake in Vision Innovation.
Lite-On camera module business was established 15 years, the products are mainly used in mobile phones, tablet PCs and laptops, customers in Europe, the United States and Asia, the global mobile device brand customers major suppliers, but in recent years, the mainland Sunny Optical, Qiu Titanium and other module plant rise, coupled with the mainland smart phone brands gradually occupy a place in the world, so that the camera module competition.
Due to the competition from the mainland manufacturers, Lite-On last year showed a double-digit decline in CCM turnover, together with the inventory led by loss erosion erosion of full-year revenue in 2017 Lite-On full-year revenue of 211.4564 billion yuan, down 6.5% After-tax net profit of 2.669 billion yuan, down 72%.
Lite-On pointed out that considering the development needs of enterprises and the long-term loss of the camera module business group, the camera module factory decided to sell this business unit to Lijing Innovative Company despite the rapid growth of demand for mobile devices in the global market. However, , To provide further development of the camera module resources.
Chen Guangzhong, CEO of Lite-On Technology said that due to the fierce competition in the camera module and the consideration of the development of the enterprise, the company decided to sell the related business of the mobile phone, PC and tablet-related camera module business group. In the future, , AR, VR and other high-end products, this transaction will have a positive impact on the operation of Lite-On Group.
Chen Guangzhong also pointed out that CCM is expected to turn around this year, due to the beginning of the adjustment of China's handsets in December last year, the current inventory adjustment is coming to an end, observation of customer orders, expected relevant revenue in March is expected to rebound, driving operations from the bottom of the previous quarter.
For Lite, the camera module is obviously more niche in future IoT and IoT applications, so Lite has no choice to end the business, but instead uses the entire business unit as a bargaining chip to enable Lite-On Group to have more At the same time, this has been in the development of face recognition Lite, in addition to reducing the Group's expenses, access to over-large amounts of cash into account, but also to take this stake innovation scene, the future can be more established With legislation sophisticated one-stop supply chain cooperation opportunities.
Insiders pointed out that the current legislature group has made the United States law, Xuande and other mobile phone camera module technology, and then took the light of the team, the goal of the future Apple mobile phone camera module orders.