Auto Optoelectronics' second quarter operating net profit in 2016
Auto Optoelectronics held a legal person briefing on July 27 to announce its self-settled consolidated financial statements for the second quarter of 2016. Total consolidated turnover in the second quarter of 2016 was NT$80.09 billion, an increase of 12.6% from the first quarter of 2016. The gross operating profit was NT$5.56 billion, and the gross profit margin was 6.9%. The operating net profit was NT$120 million, and the operating net profit margin was 0.1%. The net loss after tax in the second quarter was NT$800 million, of which the net loss attributable to the parent company's owners was NT$570 million, and the basic loss per share was NT$0.06.
Large-size panel shipments in the second quarter of 2016 exceeded 28.46 million pieces, an increase of 16.5% from the first quarter of 2016. The shipments of small and medium-sized sizes in the second quarter reached about 42.5 million pieces, an increase of 12.6% compared with the first quarter of 2016.
AUO Optoelectronics’ self-settled consolidated financial statements for the second quarter of 2016 are as follows:
turnover is NT$80.9 billion
net loss after tax is NT$800 million
basic loss per share is NT$0.06
gross profit margin is 6.9%
net operating profit margin is 0.1%
EBITDA profit rate is 12.5%
Review of the second quarter, the terminal demand for TV was strong, and the panel price also slowly rose, driving the company's revenue to grow by 12.6% compared with the previous quarter. While the company's business is developing stably towards positive development, the company's business has successfully turned losses into profits through mastering key technologies and product layout in line with market trends, and the inventory days have further dropped to 36 days, hitting a new low in the past five quarters.
With the arrival of the peak season in the second half of the year, it is expected that the company's capacity utilization will maintain a full load water level. AUO will continue to focus on improving product value and improving profit structure, continuously accumulating technical energy, and then look forward to creating steady profits and strengthening competitive advantages.
Note: Large-sized panels refer to panels above 10 inches (inclusive).
Note: EBITDA = Operating Profit + DA means the early operating net profit of the depreciation stand.
LG Display The second quarter turned from profit to loss, and in the second half of the year, it focused on improving
Korean panel factory LG Display (LGD) announced a net loss of 83.9 billion Korean won (about 74 million US dollars) in the second quarter on the 27th, which is very different from the profit of 363 billion won in the same period in 2015. It is mainly due to the continuous opening of new production capacity of Chinese factories and the weak panel quotations.
LGD's revenue fell 13% in the quarter and became 5.9 trillion won, slightly lower than the 6 trillion won estimated by Reuters' survey. Despite this, with new mobile phones and other mobile devices on the market, LGD is optimistic that the panel industry's prosperity is expected to recover in the second half of the year. LGD's stock price rose 1.54% intraday on the 27th.
In addition, as OLED gradually leaps into the mainstream of mobile panels, LGD, which previously focused on developing large-size OLED panels, is now actively adding small and medium-sized OLED panel manufacturers to narrow the gap with the leader Samsung. LGD announced on the same day that it will invest 1.99 trillion won in OLED panels, hoping to increase OLED production capacity in the second half of 2018.
(MoneyDJ News)
