Taipei, Thursday, May 23, 2013 15:20 (GMT+8)
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CMI, AUO 4Q12 operations subject to risks of high TV panel inventory levels - related company info
Sammi Huang, Taipei; Alex Wolfgram, DIGITIMES [Tuesday 9 October 2012]
  • 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.

  • 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$88.27 billion

    Listed on TSE: 8 Sep 2000

    Website: www.auo.com

  • On display

    AUO 65-inch Ultra HD TV panel

    AUO 65-inch Ultra HD TV panel

    Photo: Company, Apr 10.

    AUO ultrathin notebook panels

    AUO ultrathin notebook panels

    Photo: Company, Aug 30.

  • Financial performance
    AUO [2409] historical stock price (NT$)
    DateVolume (k)TransactionsValueOpenHighLowCloseChangeAskBid
    23-May 176,717   13.85 13.95 13.60 13.60-0.40-2.86%  
    22-May 195,210 24,474 2,714,056,290 13.75 14.15 13.60 14.00+0.30+2.19% 14.00 13.95
    21-May 112,374 13,647 1,544,894,115 13.60 13.90 13.55 13.70+0.20+1.48% 13.70 13.65
    20-May 39,705 5,954 536,501,135 13.50 13.60 13.45 13.50+0.00+0.00% 13.50 13.45
    17-May 68,470 10,995 931,793,920 13.75 13.80 13.50 13.50-0.20-1.46% 13.55 13.50
    16-May 197,877 25,989 2,745,355,169 13.75 14.05 13.70 13.70+0.05+0.37% 13.75 13.70
    15-May 102,510 12,852 1,392,802,150 13.60 13.70 13.45 13.65+0.30+2.25% 13.65 13.60
    14-May 101,432 11,480 1,360,257,005 13.45 13.55 13.35 13.35+0.00+0.00% 13.40 13.35
    • Source: TSE, compiled by Digitimes

    AUO: Consolidated revenues, Apr 2012 - Apr 2013 (NT$m)

    Month

    Sales

    M/M

    Y/Y

    YTD

    Y/Y

    Apr-13

    37,005

    (2.4%)

    21.9%

    131,249

    17.8%

    Mar-13

    37,917

    36.7%

    20.6%

    94,244

    16.2%

    Feb-13

    27,733

    (3%)

    (0.8%)

    56,327

    13.4%

    Jan-13

    28,595

    (10.8%)

    31.7%

    28,595

    31.7%

    Dec-12

    32,055

    (5.4%)

    15.7%

    378,472

    (0.3%)

    Nov-12

    33,901

    1.4%

    10.9%

    346,417

    (1.6%)

    Oct-12

    33,448

    (7%)

    7.2%

    312,516

    (2.8%)

    Sep-12

    35,955

    2.4%

    9.2%

    279,068

    (3.8%)

    Aug-12

    35,103

    10.7%

    5.5%

    243,113

    (5.5%)

    Jul-12

    31,719

    (5.1%)

    (3.1%)

    208,009

    (7.2%)

    Jun-12

    33,426

    6.5%

    6.9%

    176,290

    (7.8%)

    May-12

    31,402

    3.4%

    (6.6%)

    142,864

    (10.7%)

    Apr-12

    30,361

    (3.4%)

    (8.5%)

    111,462

    (11.8%)

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, May 2013

    AUO: Non-consolidated revenues, Dec 2011 - Dec 2012 (NT$m)

    Month

    Sales

    M/M

    Y/Y

    YTD

    Y/Y

    Dec-12

    30,664

    (6%)

    16.9%

    362,995

    1%

    Nov-12

    32,618

    2.3%

    13.4%

    332,330

    (0.3%)

    Oct-12

    31,885

    (6.3%)

    9%

    299,712

    (1.6%)

    Sep-12

    34,041

    0.1%

    9.2%

    267,827

    (2.7%)

    Aug-12

    34,019

    11.8%

    8.7%

    233,786

    (4.2%)

    Jul-12

    30,441

    (6%)

    (2.3%)

    199,767

    (6.1%)

    Jun-12

    32,398

    7.3%

    8%

    169,326

    (6.8%)

    May-12

    30,187

    3.5%

    (6.6%)

    136,928

    (9.7%)

    Apr-12

    29,169

    (3.6%)

    (6.2%)

    106,741

    (10.6%)

    Mar-12

    30,250

    13.4%

    (11.6%)

    77,572

    (12.1%)

    Feb-12

    26,669

    29.1%

    3.7%

    47,321

    (12.5%)

    Jan-12

    20,653

    (21.3%)

    (27.1%)

    20,653

    (27.1%)

    Dec-11

    26,234

    (8.8%)

    (6.8%)

    359,528

    (18.8%)

    *Figures are not consolidated
    Source: TSE, compiled by Digitimes, May 2013

    AUO: Consolidated revenues, 4Q11 - 4Q12 (NT$m)

    Quarter

    Sales

    Q/Q

    Y/Y

    YTD

    Y/Y

    4Q-12

    99,400

    (3.3%)

    11.1%

    378,471

    (0.3%)

    3Q-12

    102,781

    8%

    3.9%

    279,071

    (3.8%)

    2Q-12

    95,189

    17.4%

    (2.9%)

    176,290

    (7.8%)

    1Q-12

    81,102

    (9.4%)

    (13%)

    81,102

    (13%)

    4Q-11

    89,505

    (9.5%)

    (12.8%)

    379,712

    (18.7%)

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, May 2013

    AUO: Non-consolidated revenues, 4Q11 - 4Q12 (NT$m)

    Quarter

    Sales

    Q/Q

    Y/Y

    YTD

    Y/Y

    4Q-12

    95,168

    (3.4%)

    13%

    362,995

    1%

    3Q-12

    98,501

    7.4%

    5.2%

    267,827

    (2.7%)

    2Q-12

    91,754

    18.3%

    (1.8%)

    169,326

    (6.8%)

    1Q-12

    77,572

    (7.9%)

    (12.1%)

    77,572

    (12.1%)

    4Q-11

    84,239

    (10%)

    (12.2%)

    359,528

    (18.8%)

    *Figures are not consolidated
    Source: TSE, compiled by Digitimes, May 2013

    AUO: Consolidated balance sheet, 4Q11 - 4Q12 (NT$k)

    Item

    4Q-2012

    3Q-2012

    2Q-2012

    1Q-2012

    4Q-2011

    Current assets

    175,736,039

    190,826,687

    204,267,662

    204,795,794

    202,673,929

    Long-term investments

    13,811,600

    15,066,174

    15,108,818

    15,591,831

    15,917,335

    Intangible assets

    14,932,898

    14,912,668

    15,109,661

    15,274,779

    15,428,102

    Other assets

    19,752,120

    19,474,943

    19,305,085

    18,820,948

    18,355,071

    Assets

    539,802,513

    571,523,554

    596,573,498

    604,605,949

    612,778,144

    Current liabilities

    191,594,322

    193,808,008

    192,501,060

    191,759,456

    204,179,867

    Other liabilities

    9,423,221

    9,407,075

    1,864,258

    2,131,134

    1,162,605

    Liabilities

    376,567,031

    395,353,735

    400,471,877

    397,769,630

    391,501,206

    Stockholders' equity

    163,235,482

    176,169,819

    196,101,621

    206,836,319

    221,276,938

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, May 2013

    AUO: Non-consolidated balance sheet, 4Q11 - 4Q12 (NT$k)

    Item

    4Q-2012

    3Q-2012

    2Q-2012

    1Q-2012

    4Q-2011

    Current assets

    130,725,312

    143,610,106

    150,162,650

    150,825,900

    147,162,218

    Long-term investments

    69,403,377

    70,516,048

    73,935,228

    74,750,079

    76,817,592

    Intangible assets

    14,927,942

    14,739,452

    14,935,584

    15,099,758

    15,252,173

    Other assets

    16,130,256

    15,564,737

    15,386,720

    14,504,971

    14,369,624

    Assets

    448,414,195

    471,039,261

    491,900,747

    504,656,634

    513,413,741

    Current liabilities

    161,332,727

    164,793,535

    163,252,656

    162,611,550

    172,691,926

    Other liabilities

    9,133,864

    9,119,776

    1,588,294

    1,849,054

    856,270

    Liabilities

    299,263,340

    309,217,538

    313,466,847

    314,101,491

    308,025,025

    Stockholders' equity

    149,150,855

    161,821,723

    178,433,900

    190,555,143

    205,388,716

    *Figures are not consolidated
    Source: TSE, compiled by Digitimes, May 2013

    AUO: Consolidated income statement, 4Q11 - 4Q12 (NT$k)

    Item

    4Q-2012

    3Q-2012

    2Q-2012

    1Q-2012

    4Q-2011

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    Gross sales

    100,592,689

     

    103,244,844

     

    95,678,355

     

    81,445,926

     

    90,173,233

     

    Operating revenue

    99,400,223

    98.8%

    102,780,523

    99.6%

    95,188,539

    99.5%

    81,101,650

    99.6%

    89,505,341

    99.3%

    Gross profit (loss) from operations

    2,821,840

    2.8%

    -1,861,882

    -1.8%

    -3,186,434

    -3.3%

    -6,448,561

    -7.9%

    -10,293,020

    -11.4%

    Operating expenses

    7,584,231

    7.5%

    7,284,908

    7.1%

    7,283,582

    7.6%

    7,036,916

    8.6%

    7,200,662

    8%

    Operating income (loss)

    -4,762,391

    -4.7%

    -9,146,790

    -8.9%

    -10,470,016

    -10.9%

    -13,485,477

    -16.6%

    -17,493,682

    -19.4%

    Non-operating revenues and gains

    2,138,333

    2.1%

    1,376,800

    1.3%

    838,820

    0.9%

    1,837,606

    2.3%

    751,542

    0.8%

    Income from continuing operations before income tax

    -13,079,989

    -13%

    -16,319,415

    -15.8%

    -11,841,934

    -12.4%

    -14,029,244

    -17.2%

    -22,041,154

    -24.4%

    Net income (loss)

    -13,171,542

    -13.1%

    -16,479,023

    -16%

    -12,460,812

    -13%

    -13,795,627

    -16.9%

    -20,986,450

    -23.3%

    Fully-diluted earnings per share (NT$)

    -1.4

     

    -1.9

     

    -1.4

     

    -1.5

     

    -2.3

     

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, May 2013

    AUO: Non-consolidated income statement, 4Q11 - 4Q12 (NT$k)

    Item

    4Q-2012

    3Q-2012

    2Q-2012

    1Q-2012

    4Q-2011

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    Gross sales

    96,371,131

     

    98,892,850

     

    92,225,450

     

    77,820,165

     

    84,934,602

     

    Operating revenue

    95,167,539

    98.8%

    98,501,148

    99.6%

    91,754,394

    99.5%

    77,571,501

    99.7%

    84,239,352

    99.2%

    Gross profit (loss) from operations

    1,621,472

    1.7%

    -1,341,357

    -1.4%

    -2,960,198

    -3.2%

    -6,346,056

    -8.2%

    -10,376,521

    -12.2%

    Operating expenses

    6,081,626

    6.3%

    5,761,238

    5.8%

    5,730,208

    6.2%

    5,488,106

    7.1%

    5,686,935

    6.7%

    Operating income (loss)

    -4,460,154

    -4.6%

    -7,102,595

    -7.2%

    -8,690,406

    -9.4%

    -11,834,162

    -15.2%

    -16,063,456

    -18.9%

    Non-operating revenues and gains

    1,609,864

    1.7%

    469,283

    0.5%

    594

    0%

    716,531

    0.9%

    597,688

    0.7%

    Income from continuing operations before income tax

    -12,509,349

    -13%

    -16,274,607

    -16.5%

    -12,273,537

    -13.3%

    -14,043,832

    -18%

    -21,859,907

    -25.7%

    Net income (loss)

    -12,462,505

    -12.9%

    -16,274,606

    -16.5%

    -12,273,539

    -13.3%

    -13,604,054

    -17.5%

    -20,675,479

    -24.3%

    Fully-diluted earnings per share (NT$)

    -1.4

     

    -1.9

     

    -1.4

     

    -1.5

     

    -2.3

     

    *Figures are not consolidated
    Source: TSE, compiled by Digitimes, May 2013

  • AU Optronics full profile
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23-May-2013 markets closed

 LastChange

TAIEX (TSE)8237.83-161.01-1.92% 

TSE electronic311.32-6.23-1.96% 

GTSM (OTC)119.35-1.36-1.13% 

OTC electronic144.06-1.58-1.08% 

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