Panel manufacturer AUO (2409-TW) Today (3) announced that the approved capital expenditure budget increase and recovery case is expected to invest 39.483 billion yuan, mainly for technology and production capacity optimization, adjustment and construction. AUO also statistics that 156 has been paid for the purchase of fixed assets last year 100 million yuan.
AUO stated that in response to future needs, capital expenditure budgets will be increased and reduced every year. The relevant implementation schedule will be adjusted flexibly according to customer needs and market conditions. The actual payment amount will also be determined by the implementation progress and payment terms.
On the other hand, AUO today also increased the cash capital of its participating subsidiaries, Kangli Investment and Longli Investment, with an investment of 2 billion yuan each as a long-term equity investment.
AUO will hold a legal meeting on (4). The market expects that AUO will announce its fourth quarter and full-year financial report last year. It is expected to make two consecutive quarters of profit and pay the annual loss-to-profit report. Issues such as the widening gap in the supply of glass substrates and going to external factories are also expected to become the focus of law.
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