A variety of factors have caused Largan's mobile phone lens manufacturer's revenue to drop by 8% last year

On January 8th, according to Nikkei News, Taiwanese mobile phone lens manufacturer Largan announced its 2020 revenue data. Affected by the shortage of supply chain parts and other factors, the company’s revenue in December last year was NT$4.91 billion, down 6% from November.

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Largan is the world’s largest manufacturer of mobile phone lens modules, as well as an important manufacturer of camera lenses for laptops and tablets. Although the iPhone 12 series models sold hot last year, due to delays in shipments due to the separate listing of different models, and the cancellation of Huawei’s orders, the company’s profit fell below NT$5 billion for the first time in December last year.

In addition, the recent shortage of raw materials such as power management ICs and main control chips, coupled with currency exchange rate fluctuations, has led to a further decline in profits. In the fourth quarter of 2020, the company’s consolidated operating income was NT$15.29 billion, a year-on-year decrease of 17%. The revenue for the whole year of 2020 was 55.94 billion yuan, a year-on-year decrease of 8%.

The company has the largest shipment of 10 to 20 million pixel mobile phone cameras, accounting for 60%-70%. Products with more than 20 million pixels account for 10%-20%. The company expects revenue to continue to decline in January this year.