Auo Corp S/Adr New (AUOTY) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good afternoon. I'm Jerry Su, Senior Director for Investors in Relations. On behalf of the company, I would like to welcome you to participate in our 2024 Third Quarter Financial Results Conference. Due to the typhoon, today's results conference is being pre-recoded. I'm joined by four executives, Mr. Paul Peng, Chairman, and our Group's Chief Strategy Officer, Mr. Frank Ke, CEO and President of AUO, Mr. James Chen, Senior VP of our Display Strategy Business Group, and Mr. David Chang, our CFO. The agenda of today is as follows. First of all, our CFO will go over third quarter financial results and provide you with the guidance for Q4. Then our Chairman and our CEO will respectively have an opening remark. After that, we will proceed to Q&As. We have collected questions from analysts before the meeting, and we will address those questions in the Q&A session. Due to the pre-recording format, there will not be live Q&As today. If you have any questions, please feel free to contact us after the meeting. This is the agenda for today. Now, before I turn over to CFO, I would like to remind you that all forward-looking statements contain risks and uncertainties. Please also spend some time to read the safe upper notice on slides. Number two, David, please. Good afternoon. I'm David. I would like to go over our third quarter financial results. Our Q3 net sales came in at $77.7 billion, up by 4.6% from previous quarter, mainly driven by the growth of display and mobility solution businesses. The panel business was boosted by the increased demand from branded customers in advance of the year-end peak season, thus leading to an increase in shipments and revenue. The revenue of mobility solution business was buoyed by the steady growth in end-user customers...