FORM 6-K 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

Report of Foreign Private Issuer 

Pursuant to Rule 13a-16 or 15d-16 

of the Securities Exchange Act of 1934

 

July 26, 2018

 

Commission File Number 001-31335

 

 

AU Optronics Corp.
(Translation of registrant’s name into English)
 
No. 1 Li-Hsin Road 2
Hsinchu Science Park
Hsinchu, Taiwan
(Address of principal executive offices)
   

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F    X       Form 40-F ___

 

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

____

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

____

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized

 

 

(the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

  Yes ____      No     X    

 

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

Not applicable

 

 

 

INDEX TO EXHIBITS

 

Item

 

1.Taiwan Stock Exchange filing entitled, “AU Optronics Corp. Reports Second Quarter 2018 Financial Results in an investor conference” dated July 26, 2018.

 

2.Taiwan Stock Exchange filing entitled, “AU Optronics Corp. Second Quarter 2018 Results” dated July 26, 2018

 

 

 

 

 

 

 

 Item 1

 

 

 

 News Release

 

 

AU Optronics Reports NT$1.25 Billion Net Profit Attributable to Owners of the Company for Second Quarter 2018

 

Issued by: AU Optronics Corp.
Issued on: July 26, 2018

 

Hsinchu, Taiwan, July 26, 2018–

 

AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today held its investor conference and announced its consolidated financial results for the second quarter of 2018(1).

 

Consolidated revenues for the second quarter of 2018 were NT$75.05 billion, up by 0.8% quarter-over-quarter. AUO’s net profit attributable to owners of the Company for the second quarter of 2018 was NT$1.25 billion, with a basic EPS(2) of NT$0.13.

 

For the first half of 2018, AUO reported consolidated revenues of NT$149.50 billion. Net profit attributable to owners of the Company was NT$5.56 billion, with a basic EPS(2) of NT$0.58.

 

In the second quarter of 2018, large-sized panel(3) shipments totaled 27.98 million units, down by 2.1% quarter-over-quarter. Shipments of small-and-medium-sized panels in the same quarter were around 45.32 million units, down by 2.7% quarter-over-quarter.

 

Highlights of consolidated results for the second quarter of 2018:

 

ŸRevenues of NT$75.05 billion

 

ŸOperating profit of NT$2.10 billion

 

ŸNet profit attributable to owners of the Company at NT$1.25 billion

 

ŸBasic EPS(2) of NT$0.13

 

ŸGross margin was 9.7%

 

ŸOperating margin was 2.8%

 

ŸEBITDA(4) margin was 13.5%

 

ŸOperating margin of Display Segment was 3.6%

 

ŸEBITDA(4) margin of Display Segment was 14.8%

 

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Looking back to the second quarter, despite the intensified pressure on TV panel prices, the Company still maintained relatively stable operational results by actively adjusting its product line and product mix. The quarterly revenues increased by 0.8% from the previous quarter, while the operating profit reached NT$2.10 billion and net profit attributable to owners of the Company reached NT$1.25 billion. In terms of the financial structure of the Company, inventory turnover days were 34 days and net debt to equity ratio was 5.6%. Both metrics were kept at a healthy low level.

 

Looking into the third quarter, inventory in the market has come back to a healthy level; brand customers are actively stocking up for the year-end higher season, and the Company is also well-prepared for the higher season demand. Moreover, the Company intends to keep focusing on its goal for value transformation and technology innovation no matter how the industry fluctuates. In that way, the Company will be able to strengthen its competitive advantage and to maintain its operational stability.

 

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

 

(2) Basic EPS in the second quarter of 2018 and the first half of 2018 were calculated based on the weighted average outstanding shares of the first half of 2018 (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 1.1 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 2017. AUO’s consolidated net revenues in 2017 were NT$341.03 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

 

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expectations, projections and beliefs at the time regarding matters including, among other things, future 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 29, 2018. 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
Email: gwen.ting@auo.com Email : jessie.jc.lee@auo.com

 

 

 

 

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Item 2

 

 

  

 

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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.

 

 

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Statement of Comprehensive Income

 

Selected Items from Statement of Comprehensive Income

 

Amount : NT$ Million                          
  2Q18     1Q18       QoQ %     2Q17    
                           
Net Sales 75,054 100.0% 74,445 100.0%   0.8%   84,412 100.0%  
Cost of Goods Sold (67,780) (90.3%) (66,303) (89.1%)   2.2%   (67,292) (79.7%)  
Gross Profit 7,274 9.7% 8,141 10.9%   (10.7%)   17,121 20.3%  
Operating Expenses (5,174) (6.9%) (5,188) (7.0%)   (0.3%)   (5,445) (6.5%)  
Operating Profit 2,100 2.8% 2,953 4.0%   (28.9%)   11,676 13.8%  
Net Non-operating Income(Expenses) 145 0.2% 1,191 1.6%   (87.8%)   (32) (0.0%)  
Profit before Tax 2,244 3.0% 4,144 5.6%   (45.8%)   11,644 13.8%  
Net Profit 40 0.1% 4,027 5.4%   (99.0%)   8,946 10.6%  
Net Profit Attributable to Owners of Company 1,252 1.7% 4,309 5.8%   (70.9%)   9,830 11.6%  
Basic EPS (NT$)(a ) 0.13   0.45     (71.1%)   1.02    
                       
                 
Operating Profit + D&A 10,163 13.5% 11,414 15.3% (11.0%) 20,682 24.5%  
                       
                           
Display Segment Information:                          
Net Sales 69,457 100.0% 70,590 100.0% (1.6%) 79,914 100.0%  
Operating Profit 2,519 3.6% 3,184 4.5% (20.9%) 11,804 14.8%  
Operating Profit + D&A 10,260 14.8% 11,315 16.0% (9.3%) 20,389 25.5%  
                       
                           
Unit Shipments (mn)(b )                          
Large Size Panels 28.0   28.6   (2.1%) 26.8    
Small & Medium Size Panels 45.3   46.6   (2.7%) 38.7    
   
a)Basic EPS in 2Q18 and 1Q18 were calculated based on the weighted average outstanding shares of the first half of 2018 (9,624m shares); Basic EPS in 2Q17 was calculated based on the weighted average outstanding shares of 2017 (9,624m shares).

 

b)Large size refers to panels that are 10 inches and above

 

 

 

 

3 

 

 

 

 

 

Consolidated Balance Sheet Highlights

 

Amount : NT$ Million                
  2Q18   1Q18     QoQ %     2Q17  
Cash & ST Investment (a )                    
82,324 97,123   (15.2%)   102,801  
Inventory 26,164 24,792   5.5%   25,540  
Short Term Debt(b ) 29,096 14,935   94.8%   19,032  
Long Term Debt 65,309 93,252   (30.0%)   105,676  
Equity 215,454 230,271   (6.4%)   211,145  
Total Assets 427,790 435,508   (1.8%)   441,143  
                     
Inventory Turnover (Days)(c) 34 34             35
Net Debt to Equity(d ) 5.6% 4.8%            10.4%
   
a)Excluding time deposit with maturity longer than 3 months (NT$0m in 2Q18, 1Q18 and 2Q17 )

 

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

 

d)Net Debt to Equity = (Short Term Debt + Long Term Debt - Cash and ST Investment) / Equity

 

 

 

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Consolidated Cash Flow Highlights

 

 

Amount : NT$ Million            
  2Q18   1Q18     QoQ
               
From Operating Activities 9,565 8,463   1,102  
Profit before Tax 2,244 4,144   (1,900)  
Depreciation & Amortization 8,064 8,461   (397)  
Net Change in Working Capital (332) (3,741)   3,409  
From Investing Activities (10,985) (10,325)   (660)  
Capital Expenditure (8,350) (10,562)   2,212  
From Financing Activities (14,199) (5,969)   (8,230)  
Net Change in Debt (14,199) (5,968)   (8,231)  
Net Change in Cash(a ) (14,799) (7,898)   (6,901)  
               
   
a)In addition to cash generated from operating, investing and financing activities, net change in cash also include effect on currency exchange of foreign subsidiaries

 

 

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AU OPTRONICS CORP. AND SUBSIDIARIES  

Consolidated Condensed Statements of Comprehensive Income 

For the Three Months Ended June 30, 2018 and 2017 and March 31, 2018   

(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      
                                           
        2Q18       2Q17           2Q18       1Q18      
    USD   NTD %   NTD   YoY%   USD   NTD %   NTD   QoQ%  
                                           
Net Sales   2,466 75,054 100.0 84,412 (11.1) 2,466 75,054 100.0 74,445 0.8  
Cost of Goods Sold 2,227 67,780 90.3 67,292 0.7 2,227 67,780 90.3 66,303 2.2  
                                           
Gross Profit   239 7,274 9.7 17,121 (57.5) 239 7,274 9.7 8,141 (10.7)  
                                           
Operating Expenses   170 5,174 6.9 5,445 (5.0) 170 5,174 6.9 5,188 (0.3)  
                                           
Operating Profit(Loss)   69 2,100 2.8 11,676 (82.0) 69 2,100 2.8 2,953 (28.9)  
                                           
Net Non-operating Income(Expenses)   5 145 0.2 (32)   － 5 145 0.2 1,191 (87.8)  
                                           
Profit(Loss) before Income Tax   74 2,244 3.0 11,644 (80.7) 74 2,244 3.0 4,144 (45.8)  
                                           
Income Tax Expense   (72) (2,205) (2.9) (2,698) (18.3) (72) (2,205) (2.9) (117) 1,788.7  
                                           
Net Profit(Loss)   1 40 0.1 8,946 (99.6) 1 40 0.1 4,027 (99.0)  
                                           
Other Comprehensive Income(Loss)   (27) (832) (1.1) 2,023   － (27) (832) (1.1) 1,012   －  
                                           
Total Comprehensive Income(Loss)   (26) (793) (1.1) 10,969   － (26) (793) (1.1) 5,040   －  
Net Profit(Loss) Attributable to:                                          
                                         
Owners of Company 41 1,252 1.7 9,830 (87.3) 41 1,252 1.7 4,309 (70.9)  
Non-Controlling Interests (40) (1,212) (1.6) (883) 37.3 (40) (1,212) (1.6) (282) 329.9  
                                           
Net Profit(Loss)   1 40 0.1 8,946 (99.6) 1 40 0.1 4,027 (99.0)  
Total Comprehensive Income(Loss) Attributable to:                                          
                                         
Owners of Company 18 537 0.7 11,596 (95.4) 18 537 0.7 5,063 (89.4)  
Non-Controlling Interests (44) (1,329) (1.8) (627) 112.0 (44) (1,329) (1.8) (24) 5,535.4  
                                           
Total Comprehensive Income(Loss)   (26) (793) (1.1) 10,969   － (26) (793) (1.1) 5,040   －  
                                           
Basic Earnings Per Share   0.004 0.13     1.02     0.004 0.13     0.45      
Basic Earnings Per ADS(2)                                          
  0.043 1.30     10.21     0.043 1.30     4.48      
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 30.43 per USD as of June 30, 2018

  (2) 1 ADS equals 10 common shares

 

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AU OPTRONICS CORP. AND SUBSIDIARIES

Consolidated Condensed Statements of Comprehensive Income

For the Period Ended June 30, 2018 and 2017

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD) except for per share amounts and shares outstanding)

 

 

   Year over Year Comparison  
                     
      1H 2018       1H 2017      
  USD   NTD %   NTD   YoY%  
                     
Net Sales 4,913 149,499 100.0 172,969 (13.6)  
Cost of Goods Sold 4,406 134,084 89.7 138,416 (3.1)  
                     
Gross Profit 507 15,415 10.3 34,554 (55.4)  
                     
Operating Expenses 341 10,362 6.9 10,860 (4.6)  
                     
Operating Profit(Loss) 166 5,053 3.4 23,693 (78.7)  
                     
Net Non-operating Income(Expenses) 44 1,336 0.9 (100)   －  
                     
Profit(Loss) before Income Tax 210 6,389 4.3 23,594 (72.9)  
                     
Income Tax Expense (76) (2,321) (1.6) (5,213) (55.5)  
                     
Net Profit(Loss) 134 4,067 2.7 18,381 (77.9)  
                     
Other Comprehensive Income(Loss) 6 180 0.1 (1,431)   －  
                     
Total Comprehensive Income(Loss) 140 4,247 2.8 16,950 (74.9)  
Net Profit(Loss) Attributable to:                    
                   
Owners of Company 183 5,562 3.7 19,309 (71.2)  
Non-Controlling Interests (49) (1,494) (1.0) (928) 61.1  
                     
Net Profit(Loss) 134 4,067 2.7 18,381 (77.9)  
Total Comprehensive Income(Loss) Attributable to:                    
                   
Owners of Company 184 5,600 3.7 18,513 (69.8)  
Non-Controlling Interests (44) (1,353) (0.9) (1,563) (13.4)  
                     
Total Comprehensive Income(Loss) 140 4,247 2.8 16,950 (74.9)  
                     
Basic Earnings Per Share 0.02 0.58     2.01      
Basic Earnings Per ADS(2)                    
0.19 5.78     20.06      
Weighted-Average Shares Outstanding ('M)     9,624       9,624      

 

Note: (1) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 30.43 per USD as of June 30, 2018

  (2) 1 ADS equals 10 common shares

 

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AU OPTRONICS CORP. AND SUBSIDIARIES

Consolidated Condensed Balance Sheets

June 30, 2018 and 2017

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD) )

 

 

      June 30, 2018     June 30, 2017   YoY  
ASSETS USD     NTD %   NTD %   NTD %
Cash and Cash Equivalents   2,705 82,324 19.2 102,801 23.3 (20,476) (19.9)
Notes & Accounts Receivables 1,459 44,396 10.4 44,912 10.2 (516) (1.1)
Other Current Financial Assets 56 1,716 0.4 508 0.1 1,208 237.6
Inventories 860 26,164 6.1 25,540 5.8 624 2.4
Other Current Assets 209   6,349 1.5   7,409 1.7   (1,060) (14.3)
Total Current Assets 5,289     160,950 37.6   181,170 41.1   (20,221) (11.2)
                 
Long-term Investments 453   13,772 3.2 9,657 2.2 4,114 42.6
Net Fixed Assets 7,399 225,165 52.6 216,105 49.0 9,060 4.2
Other Non-Current Assets 917   27,904 6.5   34,211 7.8   (6,306) (18.4)
Total Non-Current Assets 8,769     266,841 62.4   259,973 58.9   6,868 2.6
Total Assets 14,058   427,790 100.0 441,143 100.0 (13,353) (3.0)
                 
LIABILITIES                      
Short-term Borrowings   77 2,335 0.5 2,160 0.5 175 8.1
Accounts Payable 1,829 55,651 13.0 52,855 12.0 2,796 5.3
Current Installments of Long-term Borrowings 879 26,761 6.3 16,872 3.8 9,889 58.6
Current Financial Liabilities 10 296 0.1 251 0.1 45 18.1
Accrued Expense & Other Current Liabilities 1,497 45,541 10.6 36,577 8.3 8,964 24.5
Machinery and Equipment Payable 304   9,243 2.2   9,537 2.2   (294) (3.1)
Total Current Liabilities 4,595     139,828 32.7   118,252 26.8   21,576 18.2
Long-term Borrowings 2,146   65,309 15.3 105,676 24.0 (40,367) (38.2)
Other Non-Current Liabilities 237   7,199 1.7   6,071 1.4   1,128 18.6
Total Non-Current Liabilities 2,383     72,508 16.9   111,746 25.3   (39,238) (35.1)
Total Liabilities 6,978   212,336 49.6 229,998 52.1 (17,662) (7.7)


EQUITY		                      
Common Stock   3,163 96,242 22.5 96,242 21.8 0 0.0
Capital Surplus 2,008 61,101 14.3 60,022 13.6 1,079 1.8
Retained Earnings 1,390 42,298 9.9 38,160 8.7 4,137 10.8
Other Equity 8 242 0.1 (18) 0.0 259 －
Non-Controlling Interests 512   15,572 3.6   16,738 3.8   (1,166) (7.0)
Total Equity 7,080   215,454 50.4 211,145 47.9 4,309 2.0
Total Liabilities & Equity 14,058     427,790 100.0   441,143 100.0   (13,353) (3.0)

 

Note: (1) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 30.43 per USD as of June 30, 2018 

  (2) Cash and Cash Equivalents excluding time deposit with maturity longer than 3 months

 

 

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AU OPTRONICS CORP. AND SUBSIDIARIES

Consolidated Condensed Cash Flow Statements

For the Period Ended June 30, 2018 and 2017

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD))

 

 

  1H 2018   1H 2017  
               
  USD NTD   NTD  
Cash Flow from Operating Activities:              
             
Profit(Loss) before Income Taxes 210     6,389 23,594  
Depreciation & Amortization 543     16,525 19,017  
Share of Profit of Equity-Accounted Investees (4)     (120) (88)  
Changes in Working Capital (134)     (4,073) (154)  
Changes in Others (23)     (692) (456)  
               
Net Cash Provided(Used) by Operating Activities 592     18,028 41,912  
             
Cash Flow from Investing Activities:              
Acquisitions of Financial Assets Measured at Fair Value (144)     (4,370) 0  
Proceeds from Disposal of Financial Assets Measured at Fair Value 2     59 0  
Acquisitions of Financial Assets Carried at Cost 0     0 (14)  
Acquisitions of Equity-Accounted Investees (21)     (635) 0  
Acquisitions of Property, Plant and Equipment (621)     (18,912) (18,216)  
Proceeds from Disposal of Property, Plant and Equipment 109     3,303 504  
Decrease(Increase) in Other Financial Assets 1     15 22  
Decrease(Increase) in Intangible Assets 0     0 (193)  
Decrease(Increase) in Other Assets (7)     (205) (393)  
Net Cash Increase(Decrease) Resulting from Change in Consolidated Entity (19)     (565) (0)  
               
Net Cash Provided(Used) in Investing Activities (700)     (21,310) (18,290)  
             
Cash Flow from Financing Activities:              
Increase(Decrease) in Short-term Borrowings (38)     (1,146) 1,634  
Increase(Decrease) in Long-term Borrowings (625)     (19,022) (599)  
Increase(Decrease) in Guarantee Deposits (0)     (0) (44)  
Changes in Non-Controlling Interests and Others 0     0 11  
Net Cash Provided(Used) by Financing Activities (663)     (20,168) 1,002  
             
Effect of Exchange Rate Changes on Cash and Cash Equivalents 25     753 (2,015)  
               
Net Increase(Decrease) in Cash and Cash Equivalents (746)     (22,696) 22,609  
Cash and Cash Equivalents at Beginning of Period 3,451     105,021 80,191  
               
Cash and Cash Equivalents at End of Period 2,705     82,324 102,801  
               

Note: (1) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 30.43 per USD as of June 30, 2018

 

14 

 

 

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: July 26, 2018 By: /s/ Benjamin Tseng
    Name: Benjamin Tseng
    Title: Chief Financial Officer