LARGAN Precision Co Ltd
TWSE:3008

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LARGAN Precision Co Ltd Logo
LARGAN Precision Co Ltd
TWSE:3008
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Price: 2 140 TWD -0.93% Market Closed
Market Cap: 285.6B TWD

LARGAN Precision Co Ltd
Investor Relations

In the world of optics, LARGAN Precision Co Ltd. has crafted its narrative as a dominant force in the high-tech realm of lens manufacturing. Born in the fertile technological ground of Taiwan, LARGAN emerged as a leader by focusing on what many overlook—the intricate lens components that breathe life into the devices we can't live without. With a strategic emphasis on research and development, LARGAN has skillfully positioned itself as the go-to supplier for major smartphone manufacturers, including the likes of Apple. At the heart of its operations lies an acute focus on quality and innovation, yielding miniature lenses that pack a punch in terms of clarity and performance. This prioritization sees its high-precision lenses utilized not only in smartphones but also in devices ranging from tablets to cars, seamlessly blending into everyday lives.

However, LARGAN's story is not just about precision engineering; it is equally a tale of economic prowess. By managing a robust supply chain and ensuring swift scalability, LARGAN has mastered the art of maximizing efficiency. Key to its financial health is the company’s ability to maintain its competitive edge through sustained technological advancements and the strategic alignment with top-tier tech companies. As a result, LARGAN enjoys strong profit margins, bolstered by the high-value, cutting-edge nature of its products. In an industry driven by rapid innovation and fleeting trends, LARGAN carves out stability by setting benchmarks, ensuring that their lenses not only meet but define the industry's future standards. With their pulse on both technological advancements and market demands, LARGAN Precision Co Ltd. continues to craft lenses that capture the world's attention and propel them into the next era of visual storytelling.

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Last Earnings Call
Fiscal Period
Q3 2019
Call Date
Oct 9, 2019
AI Summary
Q3 2019

Revenue Growth: Q3 revenue was TWD 18.5 billion, up 31% from the prior quarter and 13% year-on-year.

Gross Margin Drop: Gross margin fell to 59.1% from 69.6% last quarter due to lower yields.

Capacity Utilization: New factory is expected to be full by end of 2019, but increased complexity in production means added space doesn’t directly double capacity.

High-end Focus: Management is prioritizing capacity for higher-spec, higher-priced camera lenses, though these do not always result in higher margins.

Yield Challenges: Yield rates for new, complex models are lower, weighing on margins, but expected to improve over time.

Foreign Exchange Impact: Significant foreign exchange loss (TWD 785 million) due to RMB depreciation; company relies on natural hedging and does not actively hedge currencies.

Competitive Environment: Competition remains strong, especially as the market shifts to higher-end products.

Key Financials
Revenue
TWD 18.5 billion
Revenue (First 3 quarters)
TWD 42.4 billion
Gross Profit
TWD 12.8 billion
Gross Margin
59.1%
Operating Income
TWD 11.2 billion
Operating Margin
60.7%
Non-operating Loss
TWD 354 million
Foreign Exchange Loss
TWD 785 million
Net Income
TWD 8.6 billion
EPS (After Tax)
TWD 63.85
Total Current Assets
TWD 143 billion
Cash and Cash Equivalents
TWD 85.1 billion
Accounts Receivable
TWD 17.5 billion
Inventory
TWD 3.9 billion
Total Assets
TWD 143 billion
Liabilities
TWD 24 billion
Other Earnings Calls
2019

Management

Mr. En-Ping Lin
CEO & Chairman
No Bio Available
Mr. Yu-Chih Huang
President, CTO & Vice Chairman
No Bio Available
Ms. Hsing-Ju Tsaur
Finance & Accounting Director
No Bio Available
Ms. Chia Huang Yin
Special Assistant to CEO and Investor Relations
No Bio Available
Mr. En-Chou Lin
VP & Director
No Bio Available

Contacts

Address
TAICHUNG
TAICHUNG
No.11, Jingke Road, Nantun District
Contacts
+886436002345
www.largan.com.tw