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12 WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
OPERATIONS REVIEW
Thanks to our recovery plan, that is to focus on developing more applications and solutions relating to smart meter, energy
saving and other motor control equipment for the domestic market, we managed to grow our revenue in this segment in the
second half of the year, mitigating the overall revenue drop for the full year to 1.4%. This proved that we were on the right
track and we will continue our efforts in penetrating this market.
This segment covers switched mode power supply, charger, liquid crystal display module, meters and motor control
products.
Telecommunications (16.5% of the Total Revenue)
The telecommunications segment is our second largest business segment, accounting for 16.5% or HK$519.8 million of
Group revenue. On the back of fast-growing usage of smartphones and internet devices, the telecommunications market
has outperformed the overall semiconductor market. Compared to the previous year, our revenue derived from this segment
grew 8.7% in FY2013, and we expect to see continued growth in line with the expected double-digit expansion in the
telecommunications sector worldwide over the next few years.
With technological advancements, smartphones and internet devices are expected to have increasingly enhanced functions
and features, fuelling the sustained strong consumption of electronics components in this segment. To take advantage of
this strong growth, we will continue our push to expand our business in this
segment.
This segment includes mobile phones, Global Positioning System, Wi-Fi/
Bluetooth modules and professional walkie-talkies.
Home Appliance (11.6% of the Total Revenue)
Although the overall home appliance market in China was under-performing,
we were able to maintain our revenue from this segment at HK$365.5
million, a slight dip by 1.6% as compared to the previous year.
The application solutions that we have invested in and developed for this
segment include power management and inverter control, we also provide
support to our customers in terms of Microcontrollers (MCU) programming.
Hong Kong head office