AUO Corporation Reports NT$19.53 Billion Net Profit Attributable to Owners of the Company for Second Quarter 2021

Single-quarter operating profit achieved another breakthrough and step into the realm of NT$20 Billion

Published date:2021-07-29

AUO Corporation ("AUO" or the "Company") (TWSE: 2409) today held its investor conference and announced its consolidated financial results for the second quarter of 2021⁽¹⁾.

Consolidated revenues for the second quarter of 2021 were NT$95.66 billion, up by 15.3% quarter-over-quarter. AUO’s net profit attributable to owners of the Company for the second quarter of 2021 was NT$19.53 billion, with a basic EPS⁽²⁾ of NT$2.06.

The total panel area shipment reached around 6.40 million square meters in the second quarter of 2021, up by 0.8% quarter-over-quarter and up by 0.2% year-over-year.

Highlights of consolidated results for the second quarter of 2021

Revenues of NT$95.66 billion
Operating profit of NT$20.29 billion
Net profit attributable to owners of the Company at NT$19.53 billion
Basic EPS⁽²⁾ was NT$2.06
Gross margin was 28.7%
Operating margin was 21.2%
EBITDA⁽³⁾ margin was 30.1%

Looking back to the second quarter, panel demand among various applications remained robust. The persistent upward pricing trend over the past year has led to a remarkable revenue increase of 15.3% quarter-over-quarter, registering a record high since 2015. In terms of profitability, operating profit for the second quarter was NT$20.29 billion, which marked as the Company’s best performance since the third quarter of 2008.

Looking into the third quarter, channel inventory is expected to stay at a healthy level. Brand customers are actively restocking for the year-end higher season, and orders from commercial applications also recovers with gradual easing of the pandemic. Given solid demand, industry supply and demand should remain at a healthy and balanced level. In addition to steady operation, the Company will gradually implement in parallel its action plans toward biaxial transformation. Our goal is to become a leader in the industry providing total solution that integrating display and AIoT technology.

(1) All financial information was prepared by the Company in accordance with Taiwan IFRS.

(2) Basic EPS in the second quarter of 2021 was calculated based on the weighted average outstanding shares of the reporting quarter (9,503 million shares).

(3) EBITDA = Operating Profit + D&A, that is, operating profit before depreciation and amortization.

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