AU Optronics : The Board resolved the consolidated financial statements for the first quarter of 2022

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Provided by: AU Optronics Corp.
SEQ_NO	4	Date of announcement	2022/04/26	Time of announcement	05:41:58
Subject	The Board resolved the consolidated financial statements for the first quarter of 2022
Date of events	2022/04/25	To which item it meets	paragraph 31
Statement	1.Date of submission to the board of directors or approval by the board of directors:2022/04/25 2.Date of approval by the audit committee:2022/04/25 3.Start and end dates of financial reports or annual self-assessed financial information of the reporting period (XXXX/XX/XX~XXXX/XX/XX): 2022/01/01~2022/03/31 4.Operating revenue accumulated from 1/1 to end of the period (thousand NTD):81,527,862 5.Gross profit (loss) from operations accumulated from 1/1 to end of the period (thousand NTD):11,694,217 6.Net operating income (loss) accumulated from 1/1 to end of the period (thousand NTD):5,298,197 7.Profit (loss) before tax accumulated from 1/1 to end of the period (thousand NTD):6,014,592 8.Profit (loss) accumulated from 1/1 to end of the period (thousand NTD):5,174,629 9.Profit (loss) during the period attributable to owners of parent accumulated from 1/1 to end of the period (thousand NTD):5,164,376 10.Basic earnings (loss) per share accumulated from 1/1 to end of the period (NTD):0.54 11.Total assets end of the period (thousand NTD):432,266,520 12.Total liabilities end of the period (thousand NTD):196,160,653 13.Equity attributable to owners of parent end of the period (thousand NTD):229,820,936 14.Any other matters that need to be specified: Consolidated revenues in the first quarter of 2022 were NT$81.53 billion, down by 12.4% quarter-over-quarter. AUO's net profit attributable to owners of the Company for the first quarter of 2022 was NT$5.16 billion, with a basic EPS(Note 1) of NT$0.54. In the first quarter of 2022, the total panel area shipment reached around 6.05 million square meters, down by 7.0% quarter-over-quarter and decreased by 4.7% year-over-year. Highlights of consolidated results for the first quarter of 2022 Revenues of NT$81.53 billion Operating profit of NT$5.30 billion Net profit attributable to owners of the Company at NT$5.16 billion Basic EPS(Note 1) was NT$0.54 Gross margin was 14.3% Operating margin was 6.5% EBITDA(Note 2) margin was 16.3% Looking back to the first quarter, which is traditionally the slow season, and combined this with the impact from the Russia-Ukraine war and inflation, market prices for panels continued to decline and the Company's panel area shipment decreased from the previous quarter. As a result, the Company's revenues were NT$81.53 billion for the first quarter, a decline of 12.4% quarter-over-quarter. In terms of profitability, operating profit was NT$5.30 billion and net profit attributable to owners of the Company was NT$5.16 billion. Both metrics were lower than the previous quarter due to reduced revenues. Looking to the second quarter, the market is still expected to be affected by several factors, which will require close attention given their uncertainty. In the face of these circumstances, the Company intends to dynamically adjust its operation strategy and continue to implement its biaxial transformation. In addition, the Company will allocate more resources to develop premium, commercial, and highly-customized products, as well as vertically-integrated total solution services. The Company believes this strategy will eventually lead to enhanced product value and help the Company to achieve long-term profitability and operation stability. (Note 1) Basic EPS in the first quarter of 2022 was calculated based on the weighted average outstanding shares of the reporting quarter (9,571 million shares). (Note 2) EBITDA = Operating Profit + D&A, that is, operating profit before depreciation and amortization.