LED lighting maker Tons Lightology has seen demand in China, the largest market for its lighting projects using own-brand products, rebound significantly, according to the company.
In contrast, clients in Europe, which takes up almost all of Ton's ODM shipments, have turned conservative in placing orders possibly because of Russia-Ukraine war, Tons said.
As cost for materials has risen considerably, Tons plans to hike quotes sooner or later.
Tons expects business operation in second-quarter 2022 to remain unchanged sequentially.
Tons Lightology financial results, 1Q22 (NT$m) | |||
1Q22 | Q/Q | Y/Y | |
Consolidated revenues | 252.7 | -16.83% | 15.17% |
Gross margin | 30.32% | -6.17pp | -0.96pp |
Operating profit | 22.7 | -58.29% | 20.77% |
Net profit | 9.6 | -79.50% | 2,121.20% |
Net EPS (NT$) | 0.25 | ||
Source: Company, compiled by Digitimes, April 2022
