AUO has almost been losing money from 2011 to 2012. Peng Shuanglang recently told shareholders at a meeting that the company expects 2013 to be a year of turnaround. It is expected that product shipments will start to grow before the end of the first quarter to meet the demand for the May Day holiday.
Peng Shuanglang added that the first quarter of each year is the low season for the panel industry, so the company reduced its capacity utilization rate in January and February this year. Both shipments and revenues have been declining in the past two months.
AUO’s revenue in January 2013 was NT$28.59 billion (US$963.1 million), a 10% decrease from the previous month but an increase of 31.7% from the same period last year. Shipments of large-size panels reached 8.49 million units, a decrease of 18.2% from the previous month, and shipments of small and medium-sized panels exceeded 9.1 million units, a decrease of 13.8% from the previous month. However, AUO's production margin is expected to increase rapidly in March 2013, and it is expected that its product shipments will increase rapidly.
In addition, AU Optronics has reached a settlement with AT&T on the price manipulation case, and the impact of the settlement agreement on AUO's financial results will be included in the company's fourth quarter 2012 results.
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