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Digitimes Insight: AUO may kick off panel production in China faster than Korea rivals - related company info
Tony Huang, DIGITIMES Research, Taipei [Wednesday 16 March 2011]
  • AU Optronics
  • AUO turns on first 46-inch LCD TV panel from 8.5G facilities AU Optronics Corp. designs, develops, manufactures, assembles and markets flat panel displays. The Company's principal products are thin-film transistor-liquid crystal display (TFT-LCD) panels. AUO is able to offer TFT-LCD panels in sizes ranging from 1.2 inches to greater than 65 inches.

    The company was established in September 2001 by the merger of Acer Display Technology, Inc. and Unipac Optoelectronics Corporation.  

    In October 2006, AUO further merged with Quanta Display Inc. to create a larger TFT-LCD manufacturer with 20% of the world's large-sized TFT-LCD market, forming the company as of today.

    Its panels are used in computer products, such as notebook computers and desktop monitors; consumer electronics products, such as mobile phones, digital photo frames, digital still cameras, portable navigation display, portable digital video disc players, LCD televisions, and industrial displays.  

    The Company sells its panels primarily to original equipment manufacturing service providers or brand customers. The Company groups its business into three marketing channels: Information Technology Displays, Consumer Products Displays and Television Displays. AUO is the first TFT-LCD manufacturer in Taiwan to mass produce TFT-LCD panels by means of G3.5, G4, G5, G6,G7.5 and G8.5 fabrications, and the constructing G8.5 fab was enter mass production in the second half of 2009. In March 2008 and June 2008, the Company acquired 45% and 26% of equity interests in Verticil Electronic Corp. and Dazzo Technology Corporation, respectively.

  • Performance
    The company's stock price closed at NT$9.48 on the TSE on Thursday, August 27, 2015.
    The company has reported consolidated revenues of NT$27,391 million for July 2015, representing a 10.4% drop on month and 23.4% drop on year.
    For the second quarter of 2015, the company totaled NT$92,303 million in consolidated revenues, down 3.2% sequentially and down 9.5% on year.
    Brief

    Full name: AU Optronics

    Chinese name: 友達光電股份有限公司

    Short name: AUO

    Arconym: AUO

    Stock code: 2409

    Country: Taiwan

    Tax ID: 84149738

    Market: TSE

    Established: 12 Aug 1996

    Paid in capital: NT$96.24 billion

    Listed on TSE: 8 Sep 2000

    Website: www.auo.com

  • On display
    • AUO 5.7-inch WQHD AMOLED

      AUO showcased its 5.7-inch WQHD AMOLED display at the China Information Technology Expo & China Optoelectronics Display...

      Photo: Company, Apr 16.

    • AUO Ultra HD curved panels

      AUO demonstrated a lineup of 42- to 65-inch Ultra HD curved LCD TV displays with wide color gamut at the China Information...

      Photo: Company, Apr 16.

    • Taiwan Touch 2013: AUO 55-inch Ultra HD TV panel

      AU Optronics (AUO) displays its Ultra HD LCD TV panel technology at Touch Taiwan 2013. The 55-inch Ultra HD TV panel features...

      Photo: Alex Wolfgram, Aug 30.

  • Latest stock
    AUO [2409] historical stock price (NT$)
    DateVolume (k)TransactionsValueOpenHighLowCloseChangeAskBid
    28-Aug 111,838 18,856 1,102,667,018 9.79 9.97 9.70 9.92+0.44+4.64% 9.92 9.91
    27-Aug 114,361 22,195 1,092,266,572 9.35 9.86 9.35 9.48+0.24+2.60% 9.50 9.48
    26-Aug 67,200 13,413 620,649,016 9.30 9.34 9.06 9.24-0.10-1.07% 9.25 9.24
    25-Aug 110,783 18,684 1,009,741,702 8.78 9.34 8.74 9.34+0.74+8.60% 9.34 9.33
    24-Aug 109,900 16,782 943,874,475 8.66 8.82 8.29 8.60-0.35-3.91% 8.61 8.60
    21-Aug 90,817 14,466 821,645,557 9.14 9.20 8.95 8.95-0.37-3.97% 8.96 8.95
    • Source: TSE, compiled by Digitimes
    Latest sales

    AUO: Consolidated revenues, Jul 2014 - Jul 2015 (NT$m)

    Month

    Sales

    M/M

    Y/Y

    YTD

    Y/Y

    Jul-15

    27,391

    (10.4%)

    (23.4%)

    214,997

    (7.2%)

    Jun-15

    30,560

    (2.1%)

    (10.4%)

    187,605

    (4.2%)

    May-15

    31,201

    2.2%

    (10.8%)

    157,046

    (2.9%)

    Apr-15

    30,542

    (12.2%)

    (7.3%)

    125,844

    (0.7%)

    Mar-15

    34,803

    22.8%

    2.3%

    95,302

    1.6%

    Feb-15

    28,354

    (11.8%)

    0.6%

    60,499

    1.2%

    Jan-15

    32,145

    (4.6%)

    1.7%

    32,145

    1.7%

    Dec-14

    33,680

    (3.1%)

    0.9%

    408,179

    (2%)

    Nov-14

    34,773

    (6%)

    (1.8%)

    374,498

    (2.2%)

    Oct-14

    36,995

    3.9%

    9.1%

    339,725

    (2.3%)

    Sep-14

    35,620

    0.3%

    (3.5%)

    302,733

    (3.5%)

    Aug-14

    35,508

    (0.7%)

    (4.4%)

    267,113

    (3.5%)

    Jul-14

    35,761

    4.9%

    8.3%

    231,605

    (3.3%)

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, August 2015

    AUO: Consolidated revenues, 2Q14 - 2Q15 (NT$m)

    Quarter

    Sales

    Q/Q

    Y/Y

    YTD

    Y/Y

    2Q-15

    92,303

    (3.2%)

    (9.5%)

    187,605

    (4.2%)

    1Q-15

    95,302

    (9.6%)

    1.6%

    95,302

    1.6%

    4Q-14

    105,449

    (1.4%)

    2.7%

    408,179

    (2%)

    3Q-14

    106,886

    4.8%

    (0.2%)

    302,730

    (3.5%)

    2Q-14

    102,042

    8.8%

    (9.2%)

    195,844

    (5.2%)

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, August 2015

    Latest balance sheet and income statement

    AUO: Consolidated balance sheet, 2Q14 - 2Q15 (NT$k)

    Item

    2Q-2015

    1Q-2015

    4Q-2014

    3Q-2014

    2Q-2014

    Current assets

    190,801,856

    180,277,767

    185,614,534

    172,308,441

    168,098,083

    Intangible assets

    14,735,773

    14,958,286

    15,166,350

    15,102,850

    15,314,645

    Non-current assets

    264,746,934

    274,483,255

    284,245,151

    288,082,995

    300,810,667

    Assets

    455,548,790

    454,761,022

    469,859,685

    460,391,436

    468,908,750

    Current liabilities

    165,807,590

    161,116,762

    172,440,461

    156,167,352

    155,537,776

    Non-current liabilities

    86,681,475

    88,799,333

    97,049,300

    115,458,322

    132,913,376

    Liabilities

    252,489,065

    249,916,095

    269,489,761

    271,625,674

    288,451,152

    Stockholders' equity

    203,059,725

    204,844,927

    200,369,924

    188,765,762

    180,457,598

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, August 2015

    AUO: Consolidated income statement, 2Q14 - 2Q15 (NT$k)

    Item

    2Q-2015

    1Q-2015

    4Q-2014

    3Q-2014

    2Q-2014

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    Gross sales

    92,303,480

     

    95,301,935

     

    105,448,546

     

    106,886,497

     

    102,042,059

     

    Operating revenue

    92,303,480

    100%

    95,301,935

    100%

    105,448,546

    100%

    106,886,497

    100%

    102,042,059

    100%

    Gross profit (loss) from operations

    11,852,710

    12.8%

    14,347,731

    15.1%

    15,620,738

    14.8%

    15,379,492

    14.4%

    10,616,032

    10.4%

    Operating expenses

    5,506,600

    6%

    5,395,344

    5.7%

    6,797,510

    6.4%

    6,602,098

    6.2%

    6,709,140

    6.6%

    Operating income (loss)

    6,346,110

    6.9%

    8,952,387

    9.4%

    8,823,228

    8.4%

    8,777,394

    8.2%

    3,906,892

    3.8%

    Non-operating expenses and losses

    -399,540

    -0.4%

    -3,178,554

    -3.3%

    -890,031

    -0.8%

    -1,209,232

    -1.1%

    272,851

    0.3%

    Income from continuing operations before income tax

    5,946,570

    6.4%

    5,773,833

    6.1%

    7,933,197

    7.5%

    7,568,162

    7.1%

    4,179,743

    4.1%

    Net income (loss)

    4,430,574

    4.8%

    5,272,116

    5.5%

    6,574,925

    6.2%

    7,300,102

    6.8%

    4,023,711

    3.9%

    Diluted earnings per share (NT$)

    0.4

     

    0.5

     

    0.6

     

    0.8

     

    0.4

     

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, August 2015

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