Commission File Number 001-31335 |
AU Optronics Corp.
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(Translation of registrant’s name into English)
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No. 1 Li-Hsin Road 2
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Hsinchu Science Park
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Hsinchu, Taiwan
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(Address of principal executive offices)
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Form 20-F X Form 40-F
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Yes ....... No ...X... |
1.
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Press release entitled, “AU Optronics Corp. Reports 2Q2013 Financial Results” dated July 31, 2013.
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2.
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Investor Conference Materials entitled, “AU Optronics Corp. Second Quarter 2013 Results”, dated July 31, 2013.
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AU Optronics Corp.
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Date: July 31, 2013
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By:
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/s/ Andy Yang
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Name:
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Andy Yang
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Title:
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Chief Financial Officer
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Ÿ
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Revenue was NT$112,335 million, up 19.2% quarter-over-quarter
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Ÿ
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Net income was NT$3,982 million
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Ÿ
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Basic EPS was NT$0. 43
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Ÿ
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Gross margin was 10.3%
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Ÿ
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Operating margin was 4.6%
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Ÿ
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EBITDA (4) margin was 19.0%
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For more information, please contact:
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Gwen Ting
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Yawen Hsiao |
Corporate Communications Division
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Corporate Communications Division
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AU Optronics Corp.
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AU Optronics Corp. |
Tel: +886-3-5008800 ext 7259
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+886-3-5008800 ext 3211 |
Fax: +886-3-5772730
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+886-3-5772730 |
Email: gwen.ting@auo.com
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yawen.hsiao@auo.com |
June 30, 2013 |
June 30, 2012
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YoY
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ASSETS
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USD
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NTD
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%
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NTD
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%
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Change
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%
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|||||||||||||||||||||
Cash and Cash Equivalents
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2,592 | 77,653 | 14.9 | 82,232 | 13.7 | (4,579 | ) | (5.6 | ) | |||||||||||||||||||
Notes & Accounts Receivables
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1,509 | 45,216 | 8.7 | 52,670 | 8.8 | (7,454 | ) | (14.2 | ) | |||||||||||||||||||
Other Current Financial Assets
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187 | 5,612 | 1.1 | 6,064 | 1.0 | (452 | ) | (7.5 | ) | |||||||||||||||||||
Inventories
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1,396 | 41,810 | 8.0 | 50,847 | 8.5 | (9,036 | ) | (17.8 | ) | |||||||||||||||||||
Other Current Assets
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174 | 5,202 | 1.0 | 10,430 | 1.7 | (5,227 | ) | (50.1 | ) | |||||||||||||||||||
Total Current Assets
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5,858 | 175,494 | 33.6 | 202,242 | 33.8 | (26,748 | ) | (13.2 | ) | |||||||||||||||||||
Long-term Investments
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506 | 15,174 | 2.9 | 16,710 | 2.8 | (1,535 | ) | (9.2 | ) | |||||||||||||||||||
Net Fixed Assets
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9,799 | 293,578 | 56.3 | 342,286 | 57.2 | (48,708 | ) | (14.2 | ) | |||||||||||||||||||
Other Assets
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1,256 | 37,636 | 7.2 | 37,378 | 6.2 | 257 | 0.7 | |||||||||||||||||||||
Total Assets
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17,419 | 521,881 | 100.0 | 598,616 | 100.0 | (76,735 | ) | (12.8 | ) | |||||||||||||||||||
LIABILITIES
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Short-term Borrowings
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86 | 2,568 | 0.5 | 5,408 | 0.9 | (2,840 | ) | (52.5 | ) | |||||||||||||||||||
Accounts Payable
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2,704 | 81,016 | 15.5 | 78,884 | 13.2 | 2,132 | 2.7 | |||||||||||||||||||||
Current Installments of Long-term Borrowings
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1,747 | 52,326 | 10.0 | 49,774 | 8.3 | 2,552 | 5.1 | |||||||||||||||||||||
Current Financial Liabilities
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3 | 100 | 0.0 | 49 | 0.0 | 51 | 103.0 | |||||||||||||||||||||
Accrued Expense & Other Current Liabilities
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950 | 28,451 | 5.5 | 41,651 | 7.0 | (13,200 | ) | (31.7 | ) | |||||||||||||||||||
Machinery and Equipment Payable
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352 | 10,542 | 2.0 | 17,334 | 2.9 | (6,793 | ) | (39.2 | ) | |||||||||||||||||||
Total Current Liabilities
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5,841 | 175,002 | 33.5 | 193,100 | 32.3 | (18,098 | ) | (9.4 | ) | |||||||||||||||||||
Long-term Borrowings
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4,412 | 132,177 | 25.3 | 176,105 | 29.4 | (43,928 | ) | (24.9 | ) | |||||||||||||||||||
Bonds Payable
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704 | 21,079 | 4.0 | 21,878 | 3.7 | (799 | ) | (3.7 | ) | |||||||||||||||||||
Non Current Financial Liabilities
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1 | 32 | 0.0 | 232 | 0.0 | (199 | ) | (86.1 | ) | |||||||||||||||||||
Other Long-term Liabilities
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634 | 19,001 | 3.6 | 12,658 | 2.1 | 6,343 | 50.1 | |||||||||||||||||||||
Total Long-term Liabilities
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5,751 | 172,289 | 33.0 | 210,872 | 35.2 | (38,583 | ) | (18.3 | ) | |||||||||||||||||||
Total Liabilities
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11,592 | 347,291 | 66.5 | 403,972 | 67.5 | (56,681 | ) | (14.0 | ) | |||||||||||||||||||
EQUITY
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Common Stock
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3,212 | 96,242 | 18.4 | 88,270 | 14.7 | 7,972 | 9.0 | |||||||||||||||||||||
Capital Surplus
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2,019 | 60,504 | 11.6 | 112,478 | 18.8 | (51,974 | ) | (46.2 | ) | |||||||||||||||||||
Retained Earnings
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21 | 614 | 0.1 | (25,197 | ) | (4.2 | ) | 25,811 |
-
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Other Equity
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112 | 3,357 | 0.6 | 1,443 | 0.2 | 1,914 | 132.7 | |||||||||||||||||||||
Non-Controlling Interests
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463 | 13,873 | 2.7 | 17,649 | 2.9 | (3,776 | ) | (21.4 | ) | |||||||||||||||||||
Total Equity
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5,827 | 174,590 | 33.5 | 194,644 | 32.5 | (20,054 | ) | (10.3 | ) | |||||||||||||||||||
Total Liabilities & Equity
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17,419 | 521,881 | 100.0 | 598,616 | 100.0 | (76,735 | ) | (12.8 | ) |
Note:
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(1) Unaudited, prepared by AUO based on Taiwan IFRS
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(2)
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Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 29.96 per USD as of June 30, 2013
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(3)
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Cash and Cash Equivalents excluding time deposit with maturity longer than 3 months
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Year over Year Comparison
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Sequential Comparison | |||||||||||||||||||||||||||||||||||||||
2Q 2013 |
% of
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2Q 2012 |
YoY
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2Q 2013 |
% of
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1Q 2013 |
QoQ
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USD
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NTD
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Sales
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NTD
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Chg %
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USD
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NTD
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Sales
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NTD
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Chg %
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|||||||||||||||||||||||||||||||
Net Sales
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3,749 | 112,335 | 100.0 | 95,189 | 18.0 | 3,749 | 112,335 | 100.0 | 94,244 | 19.2 | ||||||||||||||||||||||||||||||
Cost of Goods Sold
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3,365 | 100,820 | 89.7 | 99,301 | 1.5 | 3,365 | 100,820 | 89.7 | 89,696 | 12.4 | ||||||||||||||||||||||||||||||
Gross Profit (Loss)
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384 | 11,515 | 10.3 | (4,113 | ) |
-
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384 | 11,515 | 10.3 | 4,548 | 153.2 | |||||||||||||||||||||||||||||
Operating Expenses
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211 | 6,309 | 5.6 | 6,507 | (3.0 | ) | 211 | 6,309 | 5.6 | 5,910 | 6.8 | |||||||||||||||||||||||||||||
Operating Profit (Loss)
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174 | 5,205 | 4.6 | (10,620 | ) |
-
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174 | 5,205 | 4.6 | (1,361 | ) |
-
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Net Non-Operating Expense
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(35 | ) | (1,060 | ) | (0.9 | ) | (1,472 | ) | (28.0 | ) | (35 | ) | (1,060 | ) | (0.9 | ) | (1,844 | ) | (42.5 | ) | ||||||||||||||||||||
Profit (Loss) before Income Tax
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138 | 4,145 | 3.7 | (12,092 | ) |
-
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138 | 4,145 | 3.7 | (3,205 | ) |
-
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Income Tax Expense
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(5 | ) | (164 | ) | (0.1 | ) | (616 | ) | (73.4 | ) | (5 | ) | (164 | ) | (0.1 | ) | (114 | ) | 43.3 | |||||||||||||||||||||
Net Profit (Loss)
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133 | 3,982 | 3.5 | (12,708 | ) |
-
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133 | 3,982 | 3.5 | (3,320 | ) |
-
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Other Comprehensive Income
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31 | 939 | 0.8 | 192 | 389.7 | 31 | 939 | 0.8 | 1,457 | (35.6 | ) | |||||||||||||||||||||||||||||
Total Comprehensive Income (Loss)
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164 | 4,921 | 4.4 | (12,516 | ) |
-
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164 | 4,921 | 4.4 | (1,862 | ) |
-
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Net Profit (Loss) Attributable to:
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Owners of Company
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131 | 3,924 | 3.5 | (12,511 | ) |
-
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131 | 3,924 | 3.5 | (3,173 | ) |
-
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Non-controlling Interests
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2 | 58 | 0.1 | (197 | ) |
-
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2 | 58 | 0.1 | (146 | ) |
-
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Net Profit (Loss)
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133 | 3,982 | 3.5 | (12,708 | ) |
-
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133 | 3,982 | 3.5 | (3,320 | ) |
-
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Total Comprehensive Income (Loss) Attributable to:
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Owners of Company
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157 | 4,717 | 4.2 | (12,330 | ) |
-
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157 | 4,717 | 4.2 | (1,959 | ) |
-
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Non-controlling Interests
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7 | 203 | 0.2 | (187 | ) |
-
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7 | 203 | 0.2 | 97 | 110.1 | |||||||||||||||||||||||||||||
Total Comprehensive Income (Loss)
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164 | 4,921 | 4.4 | (12,516 | ) |
-
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164 | 4,921 | 4.4 | (1,862 | ) |
-
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Basic Earnings Per Share
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0.01 | 0.43 | (1.42 | ) | 0.01 | 0.43 | (0.35 | ) | ||||||||||||||||||||||||||||||||
Basic Earnings Per ADR(3)
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0.14 | 4.33 | (14.17 | ) | 0.14 | 4.33 | (3.50 | ) | ||||||||||||||||||||||||||||||||
Weighted-Average Shares Outstanding ('M)
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9,069 | 8,827 | 9,069 | 9,069 |
Note:
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(1) Unaudited, prepared by AUO based on Taiwan IFRS
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(2)
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Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 29.96 per USD as of June 30, 2013
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(3)
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1 ADR equals 10 common shares
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1H 2013 | 1H 2012 | |||||||||||
USD
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NTD
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NTD
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Cash Flow from Operating Activities:
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Profit(Loss) before Income Taxes
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31 | 940 | (26,122 | ) | ||||||||
Depreciation & Amortization
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1,096 | 32,841 | 39,324 | |||||||||
Investment Loss under Equity Method
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(11 | ) | (335 | ) | (176 | ) | ||||||
Changes in Working Capital
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(558 | ) | (16,714 | ) | (18,404 | ) | ||||||
Changes in Others
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25 | 759 | (753 | ) | ||||||||
Net Cash Provided(Used) by Operating Activities
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584 | 17,492 | (6,131 | ) | ||||||||
Cash Flow from Investing Activities:
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Proceeds from Disposal of AFS Investments
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2 | 47 | 291 | |||||||||
Acquisition of Property, Plant and Equipment
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(451 | ) | (13,512 | ) | (25,796 | ) | ||||||
Proceeds from Disposal of Property, Plant and Equipment
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14 | 421 | 38 | |||||||||
Acquisition of Equity-Accounted Investees and Financial assets carried at cost
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(5 | ) | (141 | ) | (240 | ) | ||||||
Proceeds from Disposal of Equity-Accounted Investees and Financial assets carried at cost
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55 | 1,646 | 47 | |||||||||
Increase in Other Financial Assets
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(0 | ) | (9 | ) | (371 | ) | ||||||
Increase in Intangible Assets
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(7 | ) | (195 | ) | (59 | ) | ||||||
Increase in Other Assets
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(3 | ) | (102 | ) | (7 | ) | ||||||
Net Cash Used in Investing Activities
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(395 | ) | (11,844 | ) | (26,097 | ) | ||||||
Cash Flow from Financing Activities:
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Decrease in Short-term Borrowings
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(202 | ) | (6,052 | ) | (2,443 | ) | ||||||
Decrease in Guarantee Deposits
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(5 | ) | (155 | ) | (37 | ) | ||||||
Increase(Decrease) in Long-term Borrowings and Bonds Payable
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(294 | ) | (8,816 | ) | 24,628 | |||||||
Issuance of Common Stock for Cash
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343 | 10,281 | 0 | |||||||||
Issuance of Stocks to Non-Controlling Interests and Others
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6 | 168 | 2,182 | |||||||||
Net Cash Provided(Used) by Financing Activities
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(153 | ) | (4,575 | ) | 24,330 | |||||||
Effect of Exchange Rate Changes on Cash
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(3 | ) | (75 | ) | 76 | |||||||
Net Increase(Decrease) in Cash and Cash Equivalents
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33 | 997 | (7,821 | ) | ||||||||
Cash and Cash Equivalents at Beginning of Period
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2,559 | 76,656 | 90,053 | |||||||||
Cash and Cash Equivalents at End of Period
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2,592 | 77,653 | 82,232 |
Note:
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(1) Unaudited, prepared by AUO based on Taiwan IFRS
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(2)
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Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 29.96 per USD as of June 30, 2013
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