Panel manufacturer AUO (2409-TW) announced the third quarter financial report today (28). Due to the slightly lower expectation of stocking demand in the traditional peak season, coupled with the large adjustment in the price of small and medium-sized TV panels, the gross profit margin, profit margin, After-tax net profit fell from the previous quarter. After-tax net profit reached approximately 19.31 billion yuan, a quarterly decrease of 1.13% and an annual increase of 567.31%. The net profit per share was 2.03 yuan. In the first three quarters, more than half of the equity has been earned, with a net profit of 50.675 billion yuan. The net profit per share was 5.33 yuan.
AUO’s third-quarter revenue was 99.054 billion yuan, a quarter-on-quarter increase of 3.55% and an annual increase of 35.27%. The gross profit margin was 27.67%, the second highest in a single quarter, which was only slightly lower than the previous quarter. The profit rate was 20.62%, a quarterly decrease of 0.58% and an annual increase of 17%. The net profit after tax was 19.31 billion yuan, a quarterly decrease of 1.13% and an annual increase of 567.31%. The net profit per share was 2.03 yuan, which is more than 2 yuan for two consecutive quarters. Set a new high for the same period in the past 13 years.
In terms of shipments, according to AUO’s statistics, the total panel shipment area in the third quarter reached 6.445 million square meters, an increase of 0.7% quarterly and a year-on-year decrease of 6.1%.
AUO’s cumulative revenue for the first three quarters has surpassed that of last year, reaching 277.651 billion yuan, an annual increase of 45.8%, a gross profit margin of 26.35%, a year-on-year increase of 21.56 percentage points, and a profitability ratio of 18.99%. It turned from last year’s loss to profit, and its net profit after tax was 50.675 billion. It also turned into profit at the same time, earning more than half of the share capital, and net profit per share was 5.33 yuan.
AUO said that the demand for stocking in the peak season of the third quarter was not as expected, and the prices of small and medium-sized TV panels were facing a significant adjustment. However, the demand for business, retail, and industrial control such as laptops and desktop monitors remained strong, supporting the maintenance of high-end operations in the third quarter. , Looking forward to this season, we will continue to adapt to market changes and adjust our product mix flexibly and dynamically.
AUO will also hold a legal meeting after the market today. It is expected that Chairman Peng Shuanglang will further explain the outlook for the fourth quarter and next year. AUO recently announced that it will invest 91.08 billion yuan in capital expenditures in the next four years to expand high-end production capacity on both sides of the strait. In addition, Recently, the quotations of TVs, monitors, and notebook panels have all reversed, and the decline continues to expand, which is expected to become the focus of market attention.