Signatures
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
|
|
AU Optronics Corp.
|
|
|
|
|
|
|
|
Date:
April 27, 2017
|
By:
|
/s/ Benjamin Tseng
|
|
|
|
Name:
|
Benjamin Tseng
|
|
|
|
Title:
|
Chief Financial Officer
|
Item 1
|
News Release
|
AU Optronics Reports NT$9.48
Billion Net Profit Attributable to Owners of the Company for First Quarter 2017 – Best First Quarter Results in 9 Years
Issued
by:
AU Optronics Corp.
Issued on:
April 27, 2017
Hsinchu, Taiwan, April 27,
2017–
AU Optronics
Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today held its investor conference and announced its
consolidated financial results for the first quarter of 2017
(1)
.
AUO’s
consolidated revenues for the first quarter of 2017 were NT$88.56 billion, down by 3.6% from the previous quarter. Net profit
for the first quarter of 2017 was NT$9.44 billion. Net profit attributable to owners of the Company was NT$9.48 billion, with
a basic EPS
(2)
of NT$0.98.
In the first
quarter of 2017, large-sized panel
(3)
shipments totaled 27.23 million units, down by 3.8% quarter-over-quarter. Shipments
of small-and-medium-sized panels in the same quarter were around 36.43 million units, up by 1.9% quarter-over-quarter.
Highlights
of consolidated results for the first quarter of 2017:
|
|
Ÿ
|
Revenues
of NT$88.56 billion
|
|
|
Ÿ
|
Operating
profit of NT$12.02 billion
|
|
|
Ÿ
|
Net
profit attributable to owners of the Company at NT$9.48 billion
|
|
|
Ÿ
|
Basic
EPS
(2)
of NT$0.98
|
|
|
Ÿ
|
Operating
margin was 13.6%
|
|
|
Ÿ
|
EBITDA
(4)
margin was 24.9%
|
|
|
Ÿ
|
Operating
margin of Display Segment was 14.8%
|
|
|
Ÿ
|
EBITDA
(4)
margin of Display Segment was 26.3%
|
Looking back
on the first quarter, although it was a traditionally slower season, demand from customers remained healthy, while the panel prices
also mildly increased. As a result,
|
|
News Release
|
the Company performed well financially. Affected by annual maintenance and fewer working days,
AUO’s revenues for the first quarter came down slightly by 3.6% quarter-over-quarter to NT$88.56 billion. However, AUO’s
operating profit improved by 4.0% quarter-over-quarter to NT$12.02 billion. Net profit attributable to owners of the Company reached
NT$9.48 billion, up by 5.7% from the previous quarter, which marked the best first quarter results since 2009.
Looking into
the second quarter, as the Company enters into the traditionally higher seasons with seasonal inventory build-up, ordering momentum
from customers is expected to improve, while the Company’s overall loading rates are also expected to maintain at high levels.
The Company will continue to level up its operating efficiency and will keep promoting for technology and product innovations,
strengthening the bond and cooperation with strategic customers, with a view to solidify AUO’s long-term competitive advantages
and strategic position for high-end LCD products.
(1)
All financial information was prepared by the Company in accordance with Taiwan IFRS.
(2)
Basic EPS in the first quarter were calculated based on the weighted average outstanding shares of the reporting quarter (9,624
million shares).
(3)
Large size refers to panels that are 10 inches and above.
(4)
EBITDA = Operating Profit + D&A, that is, operating profit before depreciation and amortization.
###
ABOUT
AU OPTRONICS
AU Optronics
Corp. (AUO) is one of the world’s leading providers of optoelectronic solutions. AUO offers a full range of panel sizes
and comprehensive applications ranging from 1.2 inches to 85 inches. Based on its profound R&D and manufacturing experience,
AUO continues to develop advanced display technologies of the next generation. AUO extended its market to the green energy industry
in 2008 and provides its customers with high-efficiency solar solutions. AUO currently has global operations in Taiwan, Mainland
China, the U.S., Japan, South Korea, Singapore, the Netherlands, Czech and Slovakia. Additionally, AUO is the first pure TFT-LCD
manufacturer to be successfully listed at the New York Stock Exchange (NYSE). AUO has also been named to Dow Jones Sustainability
World Index from 2010 to 2016. AUO’s consolidated net revenues in 2016 were NT$329.09 billion. For more information, please
visit AUO.com.
Safe
Harbour Notice
AU Optronics
Corp. (“AUO” or the “Company”) (TAIEX: 2409; NYSE: AUO), a global leader of TFT-LCD panels, today announced
the above news. Except for statements in respect of historical matters, the statements contained in this Release include “forward-looking
statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based
on our management's expectations, projections and beliefs at the time regarding matters including, among other things, future
|
|
News Release
|
revenues and costs, financial performance, technology changes, capacity, utilization rates, yields, process and geographical diversification,
future expansion plans and business strategy. Such forward looking statements are subject to a number of known and unknown risks
and uncertainties that can cause actual results to differ materially from those expressed or implied by such statements, including
risks related to the flat panel display industry, the TFT-LCD market, acceptance of and demand for our products, technological
and development risks, competitive factors, and other risks described in the section entitled "Risk Factors" in
our Annual Report on Form 20-F filed with the United States Securities and Exchange Commission on March 30, 2017. In addition,
our SEC reports, including our Annual Report on Form 20-F contains other information on these and other factors that could affect
our financial results and cause actual results to differ materially from any forward-looking information we may provide. We undertake
no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.
For more
information, please contact:
|
Gwen
Ting
|
Jessie
Lee
|
|
Corporate Communications
Division
|
Corporate Communications
Division
|
|
AU Optronics Corp.
|
AU Optronics Corp.
|
|
Tel: +886-3-5008800
ext 7259
|
Tel: +886-3-5008800
ext 3206
|
|
Fax: +886-3-5772730
|
Fax: +886-3-5772730
|
|
Email:
gwen.ting@auo.com
|
Email :
jessie.jc.lee@auo.com
|
Item 2
AU
Optronics Corp.
First
Quarter 2017 Results Investor Conference
友達光電
2017
年第一季法人說明會
Apr. 27, 2017
Safe Harbor Notice
•
The statements included in this presentation that are not historical in nature are “forward-looking statements” within
the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange
Act of 1934. These forward-looking statements, which may include statements regarding AU Optronics’ future results of operations,
financial condition or business prospects, are subject to significant risks and uncertainties and are based on AU Optronics’
current expectations.
•
Actual results may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons,
including, among other things: the cyclical nature of our industry; our dependence on introducing new products on a timely basis;
our dependence on growth in the demand for our products; our ability to compete effectively; our ability to successfully expand
our capacity; our dependence on key personnel; general economic and political conditions, including those related to the TFT-LCD
industry; possible disruptions in commercial activities caused by natural and human-induced disasters, including terrorist activity
and armed conflict; and fluctuations in foreign currency exchange rates.
•
Beginning on January 1, 2013, we have adopted the International Financial Reporting Standards as issued by the International Accounting
Standards Board (“IFRS”) to the extent endorsed by the ROC Financial Supervisory Commission (“FSC”) (“Taiwan
IFRS”) for reporting our annual and interim consolidated financial statements in the ROC in accordance with the requirements
of the FSC. All financial information contained herewithin is presented in conformity with Taiwan IFRS. Readers should be cautioned
that Taiwan IFRS differs in many material respects from IFRS including to the extent that any new or amended standards or interpretations
applicable under IFRS may not be timely endorsed by the FSC.
Our release of financial forecasts and forward-looking statements
at any particular time does not create any duty of disclosure beyond that which is imposed by law, and we expressly disclaim any
obligation to publicly update or revise any forecasts or forward-looking statements, whether as a result of new information, future
events or otherwise.
Statement of Comprehensive Income
Amount
: NT$ Million
1Q17
4Q16
QoQ %
1Q16
Net
Sales 88,557 100.0% 91,846 100.0%
(3.6%)
71,135 100.0%
Cost
of Goods Sold (71,124) (80.3%) (74,616) (81.2%)
(4.7%)
(70,746) (99.5%)
Gross
Profit 17,433 19.7% 17,229 18.8%
1.2%
390 0.5%
Operating
Expenses (5,415) (6.1%) (5,669) (6.2%)
(4.5%)
(5,486) (7.7%)
Operating
Profit(Loss) 12,017 13.6% 11,560 12.6%
4.0%
(5,097) (7.2%)
Net
Non-operating Expenses (68) (0.1%) (269) (0.3%)
(74.8%)
(188) (0.3%)
Profit(Loss)
before Tax 11,950 13.5% 11,291 12.3%
5.8%
(5,285) (7.4%)
Net
Profit(Loss) 9,435 10.7% 8,375 9.1%
12.7%
(5,580) (7.8%)
Net
Profit(Loss) Attributable to Owners of Company 9,479 10.7% 8,971 9.8%
5.7%
(5,477)
(7.7%)
Basic
EPS (NT$)
(a )
0.98
0.93
5.4%
(0.57)
Operating
Profit + D&A 22,028 24.9% 21,839 23.8% 0.9% 4,814 6.8%
Display
Segment Information:
Net
Sales 83,448 100.0% 86,673 100.0% (3.7%) 63,583 100.0%
Operating
Profit(Loss) 12,387 14.8% 12,235 14.1% 1.2% (5,245) (8.2%)
Operating
Profit + D&A 21,974 26.3% 22,070 25.5% (0.4%) 4,201 6.6%
Unit
Shipments (mn)
(b )
Large
Size Panels 27.2
28.3
(3.8%) 24.4
Small
& Medium Size Panels 36.4
35.7
1.9% 37.8
a)
Basic EPS in 1Q17 was calculated based on the weighted average outstanding shares of the reporting quarter (9,624m shares); Basic
EPS in both 4Q16 and 1Q16 were calculated based on the weighted average outstanding shares of 2016 (9,624m shares).
Large size refers to panels that are 10 inches and above
Consolidated Balance Sheet Highlights
Amount
: NT$ Million
1Q17
4Q16
QoQ %
1Q16
Cash
& ST Investment
(a )
85,484 80,191
6.6%
73,656
Inventory
25,645 27,679
(7.3%)
31,177
Short
Term Debt
(b )
18,892 18,601
1.6%
37,892
Long
Term Debt 104,547 106,188
(1.5%)
70,422
Equity
205,650 199,635
3.0%
197,358
Total
Assets 425,305 429,769
(1.0%)
407,488
Inventory
Turnover (Days)
(c)
34 33 41
Net
Debt to Equity
(d )
18.5% 22.3% 17.6%
a)
Excluding time deposit with maturity longer than 3 months (NT$0m in 1Q17 , NT$0m in 4Q16 , and NT$0m in 1Q16 )
b)
Short term debt refers to all interest bearing debt maturing within one year
c)
Calculated by dividing the average inventory into the annualized cost of goods sold during such period, then multiplying by 365
days
Net Debt to Equity = (Short Term Debt + Long Term Debt - Cash
and ST Investment) / Equity
Consolidated
Cash Flow Highlights
Amount
: NT$ Million
1Q17
4Q16
QoQ
From
Operating Activities 17,285 17,910
(625)
Profit
before Tax 11,950 11,291
658
Depreciation
& Amortization 10,010 10,278
(268)
Net
Change in Working Capital (4,109) (1,957)
(2,152)
From
Investing Activities (9,540) (8,178)
(1,362)
Capital
Expenditure (9,953) (8,337)
(1,615)
From
Financing Activities (75) (1,384)
1,309
Net
Change in Debt (53) (3,107)
3,055
Net
Change in Cash
(a )
5,292 6,138
(845)
In addition to cash generated from operating, investing and
financing activities, net change in cash also include effect on currency exchange of foreign subsidiaries
Display Revenue Breakdown by Application
–
Mobile PC : including Notebook and Tablet displays
–
Mobile Device : including displays for mobile phones and other related products
– Commercial and Others: including displays for automobile,
industrial PC, ATM, point of sale (POS), pachinko, and etc.
Display Revenue Breakdown by Size
Consolidated Shipments & ASP by Area
Shipments in square meter
– ASP per square meter in US$ was translated
from NT$ based on average exchange rates announced by Customs Administration, Ministry of Finance of each respective quarter
Consolidated Small & Medium Panel
Shipments by Area & Revenues
Shipments in square meter
–
Small
& Medium size refers to panels that are under 10 inches
www.auo.com
ir@auo.com
AU
OPTRONICS CORP. AND SUBSIDIARIES
Consolidated
Statements of Comprehensive Income
For
the Three Months Ended March 31, 2017 and 2016 and December 31, 2016
(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD) except for per share amounts and shares outstanding)
|
|
|
|
Year
over Year Comparison
|
|
|
|
|
|
Sequential
Comparison
|
|
|
|
|
|
|
1Q17
|
|
|
|
1Q16
|
|
|
|
|
|
1Q17
|
|
|
|
4Q16
|
|
|
|
|
USD
|
|
NTD
|
|
%
|
|
NTD
|
|
YoY%
|
|
USD
|
|
NTD
|
|
%
|
|
NTD
|
|
QoQ%
|
|
Net Sales
|
2,915
|
88,557
|
100.0
|
71,135
|
24.5
|
2,915
|
88,557
|
100.0
|
91,846
|
(3.6)
|
|
Cost of Goods Sold
|
2,341
|
|
71,124
|
|
80.3
|
|
70,746
|
|
0.5
|
|
2,341
|
|
71,124
|
|
80.3
|
|
74,616
|
|
(4.7)
|
|
Gross Profit
|
574
|
|
17,433
|
|
19.7
|
|
390
|
|
4,375.4
|
|
574
|
|
17,433
|
|
19.7
|
|
17,229
|
|
1.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses
|
178
|
|
5,415
|
|
6.1
|
|
5,486
|
|
(1.3)
|
|
178
|
|
5,415
|
|
6.1
|
|
5,669
|
|
(4.5)
|
|
Operating Profit(Loss)
|
396
|
|
12,017
|
|
13.6
|
|
(5,097)
|
|
－
|
|
396
|
|
12,017
|
|
13.6
|
|
11,560
|
|
4.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Non-operating Income(Expenses)
|
(2)
|
|
(68)
|
|
(0.1)
|
|
(188)
|
|
(64.0)
|
|
(2)
|
|
(68)
|
|
(0.1)
|
|
(269)
|
|
(74.8)
|
|
Profit(Loss) before Income Tax
|
393
|
|
11,950
|
|
13.5
|
|
(5,285)
|
|
－
|
|
393
|
|
11,950
|
|
13.5
|
|
11,291
|
|
5.8
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax Expense
|
(83)
|
|
(2,515)
|
|
(2.8)
|
|
(295)
|
|
751.4
|
|
(83)
|
|
(2,515)
|
|
(2.8)
|
|
(2,916)
|
|
(13.8)
|
|
Net Profit(Loss)
|
311
|
|
9,435
|
|
10.7
|
|
(5,580)
|
|
－
|
|
311
|
|
9,435
|
|
10.7
|
|
8,375
|
|
12.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Comprehensive Income(Loss)
|
(114)
|
|
(3,454)
|
|
(3.9)
|
|
(1,554)
|
|
122.3
|
|
(114)
|
|
(3,454)
|
|
(3.9)
|
|
(1,066)
|
|
224.1
|
|
Total Comprehensive Income(Loss)
|
197
|
|
5,981
|
|
6.8
|
|
(7,134)
|
|
－
|
|
197
|
|
5,981
|
|
6.8
|
|
7,310
|
|
(18.2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit(Loss) Attributable to:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owners of Company
|
312
|
9,479
|
10.7
|
(5,477)
|
|
－
|
312
|
9,479
|
10.7
|
8,971
|
5.7
|
|
Non-Controlling Interests
|
(1)
|
|
(45)
|
|
(0.1)
|
|
(103)
|
|
(56.8)
|
|
(1)
|
|
(45)
|
|
(0.1)
|
|
(596)
|
|
(92.5)
|
|
Net Profit(Loss)
|
311
|
|
9,435
|
|
10.7
|
|
(5,580)
|
|
－
|
|
311
|
|
9,435
|
|
10.7
|
|
8,375
|
|
12.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Comprehensive Income(Loss) Attributable
to:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owners of Company
|
228
|
6,916
|
7.8
|
(6,600)
|
|
－
|
228
|
6,916
|
7.8
|
8,141
|
(15.0)
|
|
Non-Controlling Interests
|
(31)
|
|
(936)
|
|
(1.1)
|
|
(535)
|
|
74.9
|
|
(31)
|
|
(936)
|
|
(1.1)
|
|
(831)
|
|
12.6
|
|
Total Comprehensive Income(Loss)
|
197
|
|
5,981
|
|
6.8
|
|
(7,134)
|
|
－
|
|
197
|
|
5,981
|
|
6.8
|
|
7,310
|
|
(18.2)
|
|
Basic Earnings Per Share
|
0.03
|
|
0.98
|
|
|
|
(0.57)
|
|
|
|
0.03
|
|
0.98
|
|
|
|
0.93
|
|
|
|
Basic Earnings Per ADS
(2)
|
0.32
|
|
9.85
|
|
|
|
(5.69)
|
|
|
|
0.32
|
|
9.85
|
|
|
|
9.32
|
|
|
|
Weighted-Average Shares Outstanding ('M)
|
|
|
9,624
|
|
|
|
9,624
|
|
|
|
|
|
9,624
|
|
|
|
9,624
|
|
|
|
|
Note:
|
(1)
Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of
NTD 30.38 per USD as of March 31, 2017
|
|
|
(2)
|
1
ADS equals 10 common shares
|
AU
OPTRONICS CORP. AND SUBSIDIARIES
Consolidated
Condensed Balance Sheets
March
31, 2017 and 2016
(Expressed
in Millions of New Taiwan Dollars (NTD) and US Dollars (USD)
|
|
|
March 31, 2017
|
|
March 31, 2016
|
|
YoY
|
|
ASSETS
|
USD
|
|
NTD
|
%
|
|
NTD
|
%
|
|
NTD
|
%
|
|
Cash and Cash Equivalents
|
|
2,814
|
85,484
|
20.1
|
73,656
|
18.1
|
11,828
|
16.1
|
|
Notes & Accounts Receivables
|
1,558
|
47,335
|
11.1
|
31,304
|
7.7
|
16,031
|
51.2
|
|
Other Current Financial Assets
|
26
|
795
|
0.2
|
1,830
|
0.4
|
(1,035)
|
(56.6)
|
|
Inventories
|
844
|
25,645
|
6.0
|
31,177
|
7.7
|
(5,531)
|
(17.7)
|
|
Other Current Assets
|
214
|
|
6,510
|
1.5
|
|
5,333
|
1.3
|
|
1,177
|
22.1
|
|
Total Current Assets
|
5,457
|
|
165,769
|
39.0
|
|
143,299
|
35.2
|
|
22,470
|
15.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term Investments
|
285
|
8,671
|
2.0
|
14,472
|
3.6
|
(5,801)
|
(40.1)
|
|
Net Fixed Assets
|
7,115
|
216,149
|
50.8
|
208,157
|
51.1
|
7,992
|
3.8
|
|
Other Non-Current Assets
|
1,143
|
|
34,717
|
8.2
|
|
41,560
|
10.2
|
|
(6,844)
|
(16.5)
|
|
Total Non-Current Assets
|
8,543
|
|
259,536
|
61.0
|
|
264,189
|
64.8
|
|
(4,653)
|
(1.8)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Assets
|
14,000
|
|
425,305
|
100.0
|
|
407,488
|
100.0
|
|
17,817
|
4.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
|
|
|
|
|
|
Short-term Borrowings
|
|
55
|
1,660
|
0.4
|
1,767
|
0.4
|
(107)
|
(6.0)
|
|
Accounts Payable
|
1,776
|
53,943
|
12.7
|
54,988
|
13.5
|
(1,045)
|
(1.9)
|
|
Current Installments of Long-term Borrowings
|
567
|
17,232
|
4.1
|
36,126
|
8.9
|
(18,894)
|
(52.3)
|
|
Current Financial Liabilities
|
1
|
19
|
0.0
|
645
|
0.2
|
(626)
|
(97.0)
|
|
Accrued Expense & Other Current Liabilities
|
858
|
26,071
|
6.1
|
28,023
|
6.9
|
(1,952)
|
(7.0)
|
|
Machinery and Equipment Payable
|
338
|
|
10,260
|
2.4
|
|
8,642
|
2.1
|
|
1,618
|
18.7
|
|
Total Current Liabilities
|
3,594
|
|
109,186
|
25.7
|
|
130,191
|
31.9
|
|
(21,005)
|
(16.1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term Borrowings
|
3,441
|
104,547
|
24.6
|
70,422
|
17.3
|
34,125
|
48.5
|
|
Non-Current Financial Liabilities
|
0
|
0
|
0.0
|
10
|
0.0
|
(10)
|
(100.0)
|
|
Other Non-Current Liabilities
|
195
|
|
5,922
|
1.4
|
|
9,507
|
2.3
|
|
(3,585)
|
(37.7)
|
|
Total Non-Current Liabilities
|
3,636
|
|
110,469
|
26.0
|
|
79,940
|
19.6
|
|
30,530
|
38.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities
|
7,230
|
|
219,655
|
51.6
|
|
210,131
|
51.6
|
|
9,524
|
4.5
|
|
|
|
|
|
|
|
|
|
|
EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock
|
|
3,168
|
96,242
|
22.6
|
96,242
|
23.6
|
0
|
0.0
|
|
Capital Surplus
|
1,975
|
60,015
|
14.1
|
60,336
|
14.8
|
(321)
|
(0.5)
|
|
Retained Earnings
|
1,110
|
33,721
|
7.9
|
14,930
|
3.7
|
18,791
|
125.9
|
|
Other Equity
|
(59)
|
(1,784)
|
(0.4)
|
3,963
|
1.0
|
(5,747)
|
－
|
|
Non-Controlling Interests
|
575
|
|
17,455
|
4.1
|
|
21,886
|
5.4
|
|
(4,430)
|
(20.2)
|
|
Total Equity
|
6,769
|
|
205,650
|
48.4
|
|
197,358
|
48.4
|
|
8,293
|
4.2
|
|
|
|
|
|
|
|
|
|
|
Total
Liabilities & Equity
|
14,000
|
|
425,305
|
100.0
|
|
407,488
|
100.0
|
|
17,817
|
4.4
|
|
|
Note:
|
(1)
Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 30.38 per USD as of March 31, 2017
|
|
|
|
(2)
Cash and Cash Equivalents excluding time deposit with maturity longer than 3 months
|
AU OPTRONICS CORP.
AND SUBSIDIARIES
Consolidated Condensed
Cash Flow Statements
For the Period
Ended March 31, 2017 and 2016
(Expressed
in Millions of New Taiwan Dollars (NTD ) and US Dollars (USD))
|
|
1Q 2017
|
|
1Q 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
USD
|
|
NTD
|
|
NTD
|
|
|
Cash Flow from Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit(Loss) before Income Taxes
|
393
|
|
|
11,950
|
(5,285)
|
|
|
Depreciation & Amortization
|
330
|
|
|
10,010
|
9,911
|
|
|
Share of Profit of Equity-Accounted Investees
|
(1)
|
|
|
(17)
|
(113)
|
|
|
Changes in Working Capital
|
(135)
|
|
|
(4,109)
|
2,845
|
|
|
Changes in Others
|
(18)
|
|
|
(549)
|
|
(128)
|
|
|
Net Cash Provided(Used) by Operating Activities
|
569
|
|
|
17,285
|
7,230
|
|
|
|
|
|
|
|
|
|
|
Cash Flow from Investing Activities:
|
|
|
|
|
|
|
|
|
Acquisition of Property, Plant and Equipment
|
(328)
|
|
|
(9,953)
|
(10,385)
|
|
|
Proceeds from Disposal of Property, Plant and Equipment
|
14
|
|
|
411
|
9
|
|
|
Acquisition of Equity-Accounted Investees and Financial Assets Carried at Cost
|
(0)
|
|
|
(9)
|
(67)
|
|
|
Decrease(Increase) in Other Financial Assets
|
1
|
|
|
21
|
(1)
|
|
|
Decrease(Increase) in Intangible Assets
|
(1)
|
|
|
(32)
|
(190)
|
|
|
Decrease(Increase) in Other Assets
|
1
|
|
|
22
|
|
(4)
|
|
|
Net Cash Provided(Used) in Investing Activities
|
(314)
|
|
|
(9,540)
|
(10,638)
|
|
|
|
|
|
|
|
|
|
|
Cash Flow from Financing Activities:
|
|
|
|
|
|
|
|
|
Increase(Decrease) in Short-term Borrowings
|
37
|
|
|
1,135
|
173
|
|
|
Increase(Decrease) in Long-term Borrowings and Bonds Payable
|
(39)
|
|
|
(1,187)
|
(947)
|
|
|
Increase(Decrease) in Guarantee Deposits
|
(1)
|
|
|
(33)
|
(8)
|
|
|
Changes in Non-Controlling Interests and Others
|
0
|
|
|
11
|
|
(610)
|
|
|
Net Cash Provided(Used) by Financing Activities
|
(2)
|
|
|
(75)
|
(1,392)
|
|
|
|
|
|
|
|
|
|
|
Effect of Exchange Rate Changes on Cash
|
(78)
|
|
|
(2,378)
|
|
(425)
|
|
|
Net Increase(Decrease) in Cash and Cash Equivalents
|
174
|
|
|
5,292
|
|
(5,225)
|
|
|
Cash and Cash Equivalents at Beginning of
Period
|
2,640
|
|
|
80,191
|
|
78,881
|
|
|
Cash and Cash Equivalents at End of Period
|
2,814
|
|
|
85,484
|
|
73,656
|
|
Note: (1) Amounts in New Taiwan
dollars were translated into US dollars at the exchange rate of NTD 30.38 per USD as of March 31, 2017