Asia300

AU Optronics Corp.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Feb 23, 2018
Prev close: 13.3
Feb 23, 2018
Market cap:
Market cap(USD):
128,002M
4,369.06M
Shares: 9,624.25M

Currency in TWD

Company profile

Market(Ticker): TAI(2409)
Sector:
Industry:
Electronic Technology
Electronic Equipment/Instruments
Full time employees: --

Business summary

AU Optronics Corp. engages in the research, development, production, and sale of thin film transistor liquid crystal displays and other flat panel displays. It operates through the Display and Solar business segments. The Display segment deals with the designing, developing, manufacturing, and marketing of flat panel displays. The Solar segment handles the manufacturing of polysilicon and solar wafer. The company was founded by Lee Kuen Yao on August 12, 1996 and is headquartered in Hsinchu, Taiwan.

Company background

AU Optronics, or AUO, is Taiwan's leading liquid crystal display panel maker, with total assets of over $14 billion. It manufactures various generations and sizes of LCD panels. AUO employs more than 45,000 people in its global operations in Taiwan, China, Japan, Singapore, South Korea, the U.S. and Europe.

Founded in 1996, the company traces its roots to Acer Display Technology. In 2001, Acer Display and Unipac Optoelectronics merged to form AUO. AUO then extended its business to the green energy industry to provide customers with solar solutions in 2008. However, it went through heavy losses for 10 straight quarters between 2010 and 2013 amid a slump in the PC market brought on by the rise of tablet computers. AUO's performance has turned upward recently thanks to growing demand for 4K television sets. It now focuses on large panels for 4K TVs.

Paul Peng became the president of AUO in 2012. He was also appointed chairman, to take over from prominent Chairman K.Y. Lee as part of the company's restructuring in May 2015. AUO's major rival is Innolux in Taiwan, the world's third-largest panel maker after South Korea's Samsung and LG.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 341,028M
Gross profit 61,041M
Operating income 39,138M
Income before tax 39,364M
Net income 32,359M
EBITDA 75,568M
Diluted EPS --
Dividends per share --
Total assets 441,451M
Total liabilities 216,207M
Total equity 208,154M
Operating cash flow 84,364M

Currency in TWD

Revenue 11,209.65M
Gross profit 2,006.42M
Operating income 1,286.47M
Income before tax 1,293.90M
Net income 1,063.64M
EBITDA 2,483.93M
Diluted EPS --
Dividends per share --
Total assets 14,834.45M
Total liabilities 7,265.38M
Total equity 6,994.77M
Operating cash flow 2,773.05M

Currency in USD

Valuation measures

Dec 2017

PER 3.69
ROA 7.42%
ROE 16.61%
Operating margin 11.47%
Profit margin 9.48%

Key executive

  • Chairman & Chief Executive Officer: Shuang Lang Peng
  • President & Director, Chief Operating Officer & GM: Kuo Hsin Tsai
  • Head-Finance & Accounting: Benjiamin Tseng
  • Chief Strategy Officer: Pen Yu Yang
  • Investor Relations Contact: Pearl Lin

Share holders

  • Qisda Corp.(6.8%)
  • Quanta Computer, Inc.(4.6%)
  • Cathay Life Insurance Co., Ltd. (Invt Port)(2.9%)
  • Au Optronics Corp. Esop(2.3%)
  • BlackRock Fund Advisors(2.2%)
  • Dimensional Fund Advisors LP(2.1%)
  • The Vanguard Group, Inc.(2.0%)
  • Morgan Stanley Investment Management, Inc.(1.8%)
  • Shin Kong Life Insurance Co., Ltd.(1.5%)
  • Norges Bank Investment Management(1.4%)

Address

  • Website: http://www.auo.com
  • Address: Hsinchu Science Park, No. 1 Li Hsin Road 2, Hsinchu, 30078, Taiwan
  • Phone: +886.3.5008800

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