cens logo

AUO Reports 6-Year High Net Profits for 2014

Feb 16, 2015 | By CENS

news-photoPaul Peng, president of AUO, recognized as the second-largest TFT-LCD panel maker in Taiwan that reported a six-year earnings high in 2014. (photo from UDN)

AU Optronics Corp. (AUO), recognized as the second-largest maker of thin film transistor-liquid crystal display (TFT-LCD) panels in Taiwan, recently announced unaudited consolidated financial results for Q4, fiscal 2014.

It had consolidated revenue in Q4, 2014 of  NT$105.45 billion (US$3.52 billion), down 1.3% sequentially, or quarter-on-quarter (QoQ), with operating profit of NT$8.82 billion (US$294 million), operating margin of 8.4 percent, net profit of NT$6.57 billion (US$219 million), for EPS of NT$0.62 (US$0.02).

For fiscal 2014, AUO's unaudited consolidated revenue totaled NT$408.18 billion (US$13.61 billion), a decrease of 2.0 percent from the previous year. Net profits were  NT$18.06 billion (US$60.2 million), a six-year high for the company, for EPS of NT$1.83 (US$0.06).

In Q4, 2014, AUO's shipments of large-sized (larger than 10-inch)  panel exceeded 29.40 million units, down slightly by 0.3 percent QoQ, with shipments of small-and-medium-sized panels  surpassing 42.71 million units, down by 11.4 percent QoQ. For 2014, large-sized panel shipments totaled around 116.92 million units, roughly flat from the previous year, with small- and medium-sized panel shipments of around 170.71 million units, up by 11.9 percent year-on-year (YoY).

Looking back at the fourth quarter, AUO said, although information technology (IT) and small-and-medium-sized panels were under seasonal adjustment, demand for TV panels remained strong thanks to stocking up ahead of the Chinese Lunar New Year. Thanks to the depreciation of the NT Dollar and appropriate cost control by the company, AUO's operating and EBITDA (earnings before interest, taxes, depreciation, and amortization) margin in the fourth quarter reached 8.4 percent and 21.2 percent, respectively, with  inventory also at healthy 36 days.

AUO claimed that it closed 2014 with net profits of NT$18.06 billion (US$60.2 million), up as much as 324.7 percent YoY to the highest in six years. The management also improved AUO's financial structure to result in total debt being reduced by NT$42.02 billion (US$1.4 billion) for the full year, with net debt to equity ratio lowered considerably to 30.3 percent, the lowest in four years.

Looking ahead to 2015, AUO said it will enhance high-quality production capacity through appropriate investments, and to continuously develop products with high cost-performance (C/P) ratio to achieve win-win with customers. Furthermore, the company will proactively upgrade existing technology base with a view to maintain technological lead globally, and to continuously create positive cycle with long-term profitability.


Industry In-Focus

Taiwan's Metal Forming Machinery Industry Outlook in 2019 </h2>

Taiwan's Metal Forming Machinery Industry Outlook in 2019

Feb 15, 2019

Taiwan Association of Machinery Industry Metal Forming Machinery Committee Chairman and Forwell Precision Machinery Company President Hsiao Wen-long touched base on Taiwan’s metal forming machinery industry scene at the 2019 Taipei Int'l Machine Tool Show pre-show press conference. The 2019 Taipei Int'l Machine Tool Show (TIMTOS) is slated to kick off on March 4 to March 9 at Taipei World Trad...


Milling Head Parts Producer Kaen Gong Yang Offers Only the Best</h2>

Milling Head Parts Producer Kaen Gong Yang Offers Only the Best

Feb 15, 2019

Kaen Gong Yang Machinery Co., Ltd., founded in 2018, is a subsidiary under milling head heavyweight Gong Yang Machinery Co., Ltd., professionally manufacturing CNC series milling heads, universal milling heads, extension heads, 90° milling heads, angular milling heads, coupling heads and vertical and horizontal heads, as well as customizable options. Among those products are the firm’s “automa...

KAEN GONG YANG MACHINERY CO., LTD


Hand Tool Trends: Cautious but Hopeful of 2019 Outlook?</h2>

Hand Tool Trends: Cautious but Hopeful of 2019 Outlook?

Jan 29, 2019

Taiwan’s hand tools industry has always enjoyed a positive global reputation, thanks to industry members’ strive to improve and refine their products in face of an increasingly, competitive industry. In 2018, the island’s hand tool production kicked off to a slow start, as it was coming back from 2017’s fourth quarter boom season; the first quarter produced NTD$16.1 billion, a slight 2.7% decr...



Industry Reports

Taiwan's Metal Forming Machinery Industry Outlook in 2019 </h2>

Taiwan's Metal Forming Machinery Industry Outlook in 2019

Feb 15, 2019

Taiwan Association of Machinery Industry Metal Forming Machinery Committee Chairman and Forwell Precision Machinery Company President Hsiao Wen-long touched base on Taiwan’s metal forming machinery industry scene at the 2019 Taipei Int'l Machine Tool Show pre-show press conference. The 2019 Taipei Int'l Machine Tool Show (TIMTOS) is slated to kick off on March 4 to March 9 at Taipei World Trad...


Hand Tool Trends: Cautious but Hopeful of 2019 Outlook?</h2>

Hand Tool Trends: Cautious but Hopeful of 2019 Outlook?

Jan 29, 2019

Taiwan’s hand tools industry has always enjoyed a positive global reputation, thanks to industry members’ strive to improve and refine their products in face of an increasingly, competitive industry. In 2018, the island’s hand tool production kicked off to a slow start, as it was coming back from 2017’s fourth quarter boom season; the first quarter produced NTD$16.1 billion, a slight 2.7% decr...


Electric Cars Under Taiwanese Supply Chains Expect to See Huge Demand</h2>

Electric Cars Under Taiwanese Supply Chains Expect to See Huge Demand

Jan 16, 2019

Electric cars are expected to enter a fast-growth period this year – media reports indicated that traditional automotive heavyweight Hota Industrial Mfg has seen a huge increase of orders from one of its major clients, Tesla Inc. Reports indicate that Tesla is likely to become Hota’s biggest client this year should the rumors turn out true. Also, Ford’s electric cars is currently in its mass p...



Supplier News

Milling Head Parts Producer Kaen Gong Yang Offers Only the Best</h2>

Milling Head Parts Producer Kaen Gong Yang Offers Only the Best

Feb 15, 2019

Kaen Gong Yang Machinery Co., Ltd., founded in 2018, is a subsidiary under milling head heavyweight Gong Yang Machinery Co., Ltd., professionally manufacturing CNC series milling heads, universal milling heads, extension heads, 90° milling heads, angular milling heads, coupling heads and vertical and horizontal heads, as well as customizable options. Among those products are the firm’s “automa...

KAEN GONG YANG MACHINERY CO., LTD


Antrc Industrial Corp. offers bumpers, parts, decoration strips, skid plates, radiator, radiator grill, headlights and rear lights and will be exhibiting at Automechanika Shanghai to tap into the Asian markets. (photo courtesy of Antrc Industrial Corp.)

Antrc Industrial Corp. Aims for High-End Auto Parts Industry for Asian Markets

Dec 05, 2018

Antrc Industrial Corp. focuses on manufacturing plastic parts, metal parts and other automotive parts in the aftermarket industry. The firm can roll out parts and products that match with customers’ needs and the industry pulse in this changing and competitive market. Having deep roots in the AM industry, Antrc can deliver with its complete supply chain, from designing, molding making and finally...

ANTRC INDUSTRIAL CORP.


NHC and YangPo products satisfy demands for different automobiles. (photographed by Tseng Lung-nan)

Brake Maker Nan Hoang Rides on Biz Upswing to Offer More Clients the Best

Dec 04, 2018

For more than five decades, Nan Hoang Traffic Instrument Co., Ltd (NHC) has been one of the major manufacturers of specialty vehicle friction materials in Taiwan and around the world. Chairman Austin Cheng has been carrying out their “double-arrow developing plan” for this year. In one aspect, through its private label YangPo, NHC aims to adopt a more effective marketing strategy for selling own-...

NAN HOANG TRAFFIC INSTRUMENT CO., LTD.



Insiders' Views

Megvii Technology Founder and CEO Tang Wenbin

Part 1 Megvii Technology Founder Interview: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan

Sep 07, 2018

Using facial recognition to remove security checks and recognizing criminals sounds like technological applications out of a movie, though much of it is already implemented in everyday life. Having been founded for only seven years, Megvii Technology Limited, or more commonly known for its facial recognition and AI application Face++, owns critical technology by combining both, and now, recently ...

FOXCONN TECHNOLOGY


Megvii Technology Founder Interview Part 2: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan</h2>

Megvii Technology Founder Interview Part 2: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan

Sep 07, 2018

Tang Wenbin, founder and CEO of Megvii Technology, will be visiting Taiwan next week, but accepted an overseas interview with Economic Daily News on Sept. 6. This is the second installment of the interview. Aiming for a complete application; forming a city’s “brain” Q: What are the goals and strategy for the next phase? A: When the company first started off, we had to find a way to impl...

FOXCONN TECHNOLOGY


MPN's Editor-at-large Provides Holistic, In-depth Insights into U.S. Market for Powersports</h2><p class='subtitle'>Industry veteran suggests Taiwanese suppliers establish market presence as priority</p>

MPN's Editor-at-large Provides Holistic, In-depth Insights into U.S. Market for Powersports

Industry veteran suggests Taiwanese suppliers establish market presence as priority

May 24, 2018

One of the concurrent events held during the 13th Taiwan International Motorcycle Industry Show (Motorcycle Taiwan 2018), the seminar titled “Turning New U.S. Powersports Business Opportunities” was rounded off with overwhelming acclaim from the audience as a resounding success, mostly thanks to the excellent quality of the lecturers invited, all of whom are seasoned veterans and experts at high ...



Exhibition Highlights

Taiwan Firms Kicks off 2019 at ArabPlast </h2>

Taiwan Firms Kicks off 2019 at ArabPlast

Jan 10, 2019

The biannual ArabPlast 2019 is marked as the most indicative benchmark as the largest trade expo for plastics, petrochemicals and rubber industry in the MENA region. The show kicked off on Jan. 5, attracting 336 exhibitors from 27 countries. Taiwanese exhibitors also attended, led by Taiwan Association of Machinery Industry in a 34-member strong delegation, a size just shy of China and India. ...


2018 AAPEX Post-Show Report</h2>

2018 AAPEX Post-Show Report

Dec 24, 2018

The 2018 edition of Automotive Aftermarket Products Expo (AAPEX) kicked off from Oct. 30 to Nov. 1 at Sands Expo Center; a total of 6,269 exhibitors came from 43 countries/regions, a 4% growth compared to last year’s figures, using up over 5,000 booths. Organizers estimate that over 162,000 professional buyers from approximately 135 countries visited the largest show of its kind in the North Amer...


Source: show organizer

The 19th Fastener Trade Show Suzhou - China's leading one-stop purchasing platform for fasteners, machinery and supporting products

Dec 05, 2018

As a large international fastener specialized exhibition, the 19th Fastener Trade Show Suzhou will connect the upstream and downstream of fastener manufacturing industry. Focusing on end users and building a global fastener trade platform are the highlights of the show. The 17th Fastener Trade Show Suzhou, successfully held during 26-28 October 2017, was highly praised by exhibitors and visito...