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Taiwan panel makers face more losses, say observers - related company info
Sammi Huang, Taipei; Alex Wolfgram, DIGITIMES [Thursday 11 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.

  • Performance
    The company's stock price closed at NT$11.55 on the TSE on Thursday, April 17, 2014.
    The company has reported consolidated revenues of NT$34,017 million for March 2014, representing a 20.7% increase on month and 10.3% drop on year.
    For the fourth quarter of 2013, the company totaled NT$102,703 million in consolidated revenues, down 4.1% sequentially and up 3.3% 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
    18-Apr 32,480 4,690 377,852,259 11.70 11.70 11.55 11.65+0.10+0.87% 11.65 11.60
    17-Apr 63,418 8,692 736,992,519 11.75 11.80 11.50 11.55-0.15-1.28% 11.60 11.55
    16-Apr 117,055 19,586 1,350,844,862 11.20 11.70 11.20 11.70+0.50+4.46% 11.70 11.65
    15-Apr 131,059 16,258 1,504,102,965 11.80 11.85 11.20 11.20-0.50-4.27% 11.25 11.20
    14-Apr 49,712 7,649 583,808,084 11.90 11.95 11.65 11.70-0.20-1.68% 11.70 11.65
    11-Apr 89,697 16,022 1,063,649,116 11.80 11.95 11.80 11.90-0.05-0.42% 11.90 11.85
    • Source: TSE, compiled by Digitimes
    Latest sales

    AUO: Consolidated revenues, Mar 2013 - Mar 2014 (NT$m)

    Month

    Sales

    M/M

    Y/Y

    YTD

    Y/Y

    Mar-14

    34,017

    20.7%

    (10.3%)

    93,802

    (0.5%)

    Feb-14

    28,181

    (10.8%)

    1.6%

    59,785

    6.1%

    Jan-14

    31,604

    (5.4%)

    10.5%

    31,604

    10.5%

    Dec-13

    33,399

    (5.7%)

    4.2%

    416,393

    10%

    Nov-13

    35,412

    4.4%

    4.5%

    382,994

    10.6%

    Oct-13

    33,922

    (8.1%)

    1.4%

    347,582

    11.2%

    Sep-13

    36,897

    (0.7%)

    2.6%

    313,660

    12.4%

    Aug-13

    37,155

    12.5%

    5.8%

    276,763

    13.8%

    Jul-13

    33,029

    (10.8%)

    4.1%

    239,608

    15.2%

    Jun-13

    37,031

    (3.3%)

    10.8%

    206,579

    17.2%

    May-13

    38,300

    3.5%

    22%

    169,548

    18.7%

    Apr-13

    37,005

    (2.4%)

    21.9%

    131,249

    17.8%

    Mar-13

    37,917

    36.7%

    20.6%

    94,244

    16.2%

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, April 2014

    AUO: Consolidated revenues, 4Q12 - 4Q13 (NT$m)

    Quarter

    Sales

    Q/Q

    Y/Y

    YTD

    Y/Y

    4Q-13

    102,703

    (4.1%)

    3.3%

    416,363

    10%

    3Q-13

    107,081

    (4.7%)

    4.2%

    313,660

    12.4%

    2Q-13

    112,335

    19.2%

    18%

    206,579

    17.2%

    1Q-13

    94,244

    (5.2%)

    16.2%

    94,244

    16.2%

    4Q-12

    99,400

    (3.3%)

    11.1%

    378,471

    (0.3%)

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, April 2014

    Latest balance sheet and income statement

    AUO: Consolidated balance sheet, 4Q12 - 4Q13 (NT$k)

    Item

    4Q-2013

    3Q-2013

    2Q-2013

    1Q-2013

    4Q-2012

    Current assets

    169,604,057

    170,050,184

    175,493,823

    165,936,463

    174,072,244

    Intangible assets

    15,713,137

    15,518,393

    14,714,386

    14,727,546

    14,932,898

    Non-current assets

    322,638,794

    334,321,682

    346,387,451

    358,261,890

    368,344,147

    Assets

    492,242,851

    504,371,866

    521,881,274

    524,198,353

    542,416,391

    Current liabilities

    180,962,424

    175,870,655

    175,002,243

    183,265,601

    192,221,723

    Non-current liabilities

    132,934,558

    152,022,834

    172,288,755

    180,951,842

    188,677,856

    Liabilities

    313,896,982

    327,893,489

    347,290,998

    364,217,443

    380,899,579

    Stockholders' equity

    178,345,869

    176,478,377

    174,590,276

    159,980,910

    161,516,812

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, April 2014

    AUO: Consolidated income statement, 4Q12 - 4Q13 (NT$k)

    Item

    4Q-2013

    3Q-2013

    2Q-2013

    1Q-2013

    4Q-2012

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    Gross sales

    102,703,220

     

    107,080,772

     

    111,275,135

     

    95,303,878

     

    100,592,689

     

    Operating revenue

    102,703,220

    100%

    107,080,772

    100%

    112,334,834

    101%

    94,244,179

    98.9%

    99,400,223

    98.8%

    Gross profit (loss) from operations

    7,655,690

    7.5%

    10,265,581

    9.6%

    11,514,559

    10.3%

    4,548,237

    4.8%

    2,821,840

    2.8%

    Operating expenses

    6,580,555

    6.4%

    6,891,882

    6.4%

    6,309,478

    5.7%

    5,909,631

    6.2%

    7,584,231

    7.5%

    Operating income (loss)

    1,075,135

    1%

    3,373,699

    3.2%

    5,205,081

    4.7%

    -1,361,394

    -1.4%

    -4,762,391

    -4.7%

    Non-operating revenues and gains

     

     

     

     

     

     

    -1,843,996

    -1.9%

    2,138,333

    2.1%

    Non-operating expenses and losses

    470,698

    0.5%

    -623,342

    -0.6%

    0

    0%

     

     

    -7,966,804

    -7.9%

    Income from continuing operations before income tax

    1,545,833

    1.5%

    2,750,357

    2.6%

    4,145,228

    3.7%

    -3,205,390

    -3.4%

    -13,079,989

    -13%

    Net income (loss)

    1,081,341

    1.1%

    2,509,868

    2.3%

    3,981,530

    3.6%

    -3,319,641

    -3.5%

    -13,171,542

    -13.1%

    Diluted earnings per share (NT$)

    0.1

     

    0.3

     

    0

     

     

     

    -1.4

     

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, April 2014

  • AU Optronics full profile

18-Apr-2014 markets closed

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