Auo Corp S/Adr New (AUOTY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to AU Optronics 2025 First Quarter Financial Results Conference. Before the meeting starts, all lines are being placed on mute. After the presentations by the management team, we will proceed with questions and answers. Now I would like to hand over to Jerry Su, AU Senior IR Director. Ladies and gentlemen, good afternoon. I'm Jerry. From AUO's IR department, on behalf of the company, I would like to welcome you to participate in our first quarter financial results conference. I'm joined by four executives. Paul Peng, Chairman and Group Chief Strategy Officer. Frank Ke, our CEO and President. James Chen, Senior VP of the Display Strategy Business Group. and David Zhang, our CFO. The agenda of today is as follows. First of all, our CFO, David, will go over our first quarter financial results and provide you with our guidance for Q2. Paul and Frank will have opening remarks on behalf of the company. Then we will move on to Q&A session. We have collected questions from analysts before the meeting. For the first part of the Q&A, we will address those questions. Afterwards, if there are still more questions, we will open the line for you to pose more questions. So that was our agenda. Before I turn over to David, please allow me to remind you that all forward-looking statements contain risks and uncertainties. Please also spend some time to read the safe harbor notice on slide number two. David, please. Good afternoon. I'm David. I would like to go over our first quarter financial results. Our net sales came in at $72.1 billion, up by 5% QOQ. Our three pillars saw revenue growth, QOQ. Let's first look at the display segment. As TV benefited from stock replacement and trading policy in China, pulling momentum strengthened. Meanwhile, IT customers accelerated invento...