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Panel supply chain expects performance to increase in 2Q14 - related company info
Rebecca Kuo, Tainan; Alex Wolfgram, DIGITIMES [Wednesday 23 April 2014]
  • 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$14.5 on the TSE on Wednesday, December 17, 2014.
    The company has reported consolidated revenues of NT$34,773 million for November 2014, representing a 6% drop on month and 1.8% drop on year.
    For the third quarter of 2014, the company totaled NT$106,886 million in consolidated revenues, up 4.8% sequentially and down 0.2% 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-Dec 55,904 9,990 818,784,712 14.65 14.80 14.45 14.45-0.05-0.34% 14.50 14.45
    17-Dec 56,294 9,703 804,895,370 14.30 14.50 14.05 14.50+0.10+0.69% 14.50 14.45
    16-Dec 34,396 7,251 494,971,841 14.10 14.50 14.10 14.40+0.20+1.41% 14.40 14.35
    15-Dec 44,485 7,896 629,352,807 14.20 14.25 14.05 14.20-0.25-1.73% 14.20 14.15
    12-Dec 34,708 6,191 499,905,527 14.35 14.50 14.30 14.45+0.10+0.70% 14.45 14.40
    11-Dec 54,514 11,525 774,523,308 14.00 14.40 13.90 14.35+0.25+1.77% 14.35 14.30
    10-Dec 129,531 17,358 1,853,254,354 14.65 14.70 14.05 14.10-0.65-4.41% 14.15 14.10
    • Source: TSE, compiled by Digitimes
    Latest sales

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

    Month

    Sales

    M/M

    Y/Y

    YTD

    Y/Y

    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%)

    Jun-14

    34,096

    (2.6%)

    (7.9%)

    195,844

    (5.2%)

    May-14

    34,994

    6.2%

    (8.6%)

    161,748

    (4.6%)

    Apr-14

    32,952

    (3.1%)

    (11%)

    126,753

    (3.4%)

    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%

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

    AUO: Consolidated revenues, 3Q13 - 3Q14 (NT$m)

    Quarter

    Sales

    Q/Q

    Y/Y

    YTD

    Y/Y

    3Q-14

    106,886

    4.8%

    (0.2%)

    302,730

    (3.5%)

    2Q-14

    102,042

    8.8%

    (9.2%)

    195,844

    (5.2%)

    1Q-14

    93,802

    (8.7%)

    (0.5%)

    93,802

    (0.5%)

    4Q-13

    102,703

    (4.1%)

    3.3%

    416,363

    10%

    3Q-13

    107,081

    (4.7%)

    4.2%

    313,660

    12.4%

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

    Latest balance sheet and income statement

    AUO: Consolidated balance sheet, 3Q13 - 3Q14 (NT$k)

    Item

    3Q-2014

    2Q-2014

    1Q-2014

    4Q-2013

    3Q-2013

    Current assets

    172,308,441

    168,098,083

    162,127,582

    169,604,057

    170,050,184

    Intangible assets

    15,102,850

    15,314,645

    15,526,569

    15,713,137

    15,518,393

    Non-current assets

    288,082,995

    300,810,667

    312,397,868

    322,638,794

    334,321,682

    Assets

    460,391,436

    468,908,750

    474,525,450

    492,242,851

    504,371,866

    Current liabilities

    156,167,352

    155,537,776

    155,077,749

    180,962,424

    175,870,655

    Non-current liabilities

    115,458,322

    132,913,376

    140,434,321

    132,934,558

    152,022,834

    Liabilities

    271,625,674

    288,451,152

    295,512,070

    313,896,982

    327,893,489

    Stockholders' equity

    188,765,762

    180,457,598

    179,013,380

    178,345,869

    176,478,377

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

    AUO: Consolidated income statement, 3Q13 - 3Q14 (NT$k)

    Item

    3Q-2014

    2Q-2014

    1Q-2014

    4Q-2013

    3Q-2013

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    Gross sales

    106,886,497

     

    102,042,059

     

    93,801,648

     

    102,703,220

     

    107,080,772

     

    Operating revenue

    106,886,497

    100%

    102,042,059

    100%

    93,801,648

    100%

    102,703,220

    100%

    107,080,772

    100%

    Gross profit (loss) from operations

    15,379,492

    14.4%

    10,616,032

    10.4%

    6,894,383

    7.3%

    7,655,690

    7.5%

    10,265,581

    9.6%

    Operating expenses

    6,602,098

    6.2%

    6,709,140

    6.6%

    6,236,474

    6.6%

    6,580,555

    6.4%

    6,891,882

    6.4%

    Operating income (loss)

    8,777,394

    8.2%

    3,906,892

    3.8%

    657,909

    0.7%

    1,075,135

    1%

    3,373,699

    3.2%

    Non-operating expenses and losses

    -1,209,232

    -1.1%

    272,851

    0.3%

    -358,552

    -0.4%

    470,698

    0.5%

    -623,342

    -0.6%

    Income from continuing operations before income tax

    7,568,162

    7.1%

    4,179,743

    4.1%

    299,357

    0.3%

    1,545,833

    1.5%

    2,750,357

    2.6%

    Net income (loss)

    7,300,102

    6.8%

    4,023,711

    3.9%

    165,971

    0.2%

    1,081,341

    1.1%

    2,509,868

    2.3%

    Diluted earnings per share (NT$)

    0.8

     

    0.4

     

    0

     

    0.1

     

    0.3

     

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

  • AU Optronics full profile
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