• AU Optronics

• 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

  Related news

  • AUO likely to turn around performance in 2013, says company chairman
  • Innolux sees May revenues down, AUO hits 32-month high
  • AUO aims at 20% market share for eTP touch panels for notebooks in 2013
  • AUO to supply panels for use in 2nd-gen Nexus 7, say sources
  • AUO publishes 65-inch Full HD OLED panel technology paper at SID Display Week
  • AUO supply of iPad mini panels in 2Q13 expected to slip sequentially
  • Innolux, AUO differ in strategies for tapping China smartphone panel market
  • AUO reports April 2013 consolidated revenues
• On display

  

  AUO 65-inch Ultra HD TV panel

  Photo: Company, Apr 10.

  

  AUO 55-inch switchable mirror display

  Photo: Company, Apr 10.

  

  AUO ultrathin notebook panels

  Photo: Company, Aug 30.

• Financial performance
  AUO [2409] historical stock price (NT$)
  Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
  20-Jun	138,253	21,836	1,597,731,904	12.00	12.00	11.30	11.40	-0.75	-6.17%	11.45	11.40
  19-Jun	44,114	8,603	539,876,509	12.30	12.40	12.10	12.15	-0.10	-0.82%	12.20	12.15
  18-Jun	75,051	11,519	916,902,664	12.15	12.40	12.05	12.25	+0.10	+0.82%	12.30	12.25
  17-Jun	49,049	7,540	600,280,560	12.20	12.40	12.15	12.15	-0.15	-1.22%	12.20	12.15
  14-Jun	64,416	9,817	796,452,504	12.50	12.55	12.20	12.30	-0.10	-0.81%	12.35	12.30
  13-Jun	62,895	10,236	790,253,341	12.80	12.80	12.40	12.40	-0.45	-3.50%	12.45	12.40
  11-Jun	54,043	8,100	688,343,759	12.60	12.85	12.50	12.85	+0.20	+1.58%	12.85	12.80

  • Source: TSE, compiled by Digitimes

  AUO: Consolidated revenues, May 2012 - May 2013 (NT$m)
  Month	Sales	M/M	Y/Y	YTD	Y/Y
  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%
  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%)

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

  AUO: Consolidated revenues, 1Q12 - 1Q13 (NT$m)
  Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
  1Q-13	94,244	(5.2%)	16.2%	94,244	16.2%
  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%)

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

  AUO: Consolidated income statement, 1Q12 - 1Q13 (NT$k)
  Item	1Q-2013		4Q-2012		3Q-2012		2Q-2012		1Q-2012
  	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
  Gross sales	95,303,878		100,592,689		103,244,844		95,678,355		81,445,926
  Operating revenue	94,244,179	98.9%	99,400,223	98.8%	102,780,523	99.6%	95,188,539	99.5%	81,101,650	99.6%
  Gross profit (loss) from operations	4,548,237	4.8%	2,821,840	2.8%	-1,861,882	-1.8%	-3,186,434	-3.3%	-6,448,561	-7.9%
  Operating expenses	5,909,631	6.2%	7,584,231	7.5%	7,284,908	7.1%	7,283,582	7.6%	7,036,916	8.6%
  Operating income (loss)	-1,361,394	-1.4%	-4,762,391	-4.7%	-9,146,790	-8.9%	-10,470,016	-10.9%	-13,485,477	-16.6%
  Non-operating revenues and gains	-1,843,996	-1.9%	2,138,333	2.1%	1,376,800	1.3%	838,820	0.9%	1,837,606	2.3%
  Income from continuing operations before income tax	-3,205,390	-3.4%	-13,079,989	-13%	-16,319,415	-15.8%	-11,841,934	-12.4%	-14,029,244	-17.2%
  Net income (loss)	-3,319,641	-3.5%	-13,171,542	-13.1%	-16,479,023	-16%	-12,460,812	-13%	-13,795,627	-16.9%
  Fully-diluted earnings per share (NT$)			-1.4		-1.9		-1.4		-1.5

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

• AU Optronics full profile

Categories: Green energy Solar

Tags: AUO AUO Crystal Japan market M.Setek polysilicon Taiwan market

Companies: AU Optronics

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