6-K

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

November 4, 2003

Commission File Number 001-31335

AU Optronics Corp.
(Translation of registrant’s name into English)

No. 1 Li-Hsin Road 2
Science-Based Industrial 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): 82-
Not applicable





INDEX TO EXHIBITS

Item  
1. Taiwan Stock Exchange filing entitled, “Second revision on the original financial forecast for 2003 (audited)”, dated November 3, 2003.




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: November 4, 2003 By: /s/ Max Weishun Cheng                
    Name: Max Weishun Cheng
Title: Chief Financial Officer




Item 1

AU Optronics Corp.
November 4, 2003
English Language Summary

Subject:     Second revision on the original financial forecast for 2003 (audited)
Regulation: Published pursuant to Article 2-13 of the Taiwan Stock Exchange's Operating Procedures for
                  the Publication of Material Information by Listed Companies

Content:

1. Fiscal year of the financial forecast: 2003
2. Date of preparation, correction, updating of the financial forecast: 2003/10/28
3. Reason for preparation of the financial forecast: 1. Cumulative changes in Board of Directors reached one-third or more within the same term of the Board. 2. Within 3 years after the year of IPO; 3. Rights issue in 2002.
4. Name of the reviewing CPA and date of review: Alfred S. H. Wei and Alfred Chen of KPMG Certified Public Accountants on November 1, 2003
5. Date of the board of directors resolution: 2003/11/03
6. Date of public announcement: 2003/11/03
7. Monetary amounts of major accounting items of the balance sheet and income statement:

 

      Unit: NTD thousand  
   Balance Sheet   2003 (First   2003 (Second  
    revision)   revision)  
   
 
 
Current assets $ 40,883,898   46,882,191  
   Long-term investments   1,986,283   2,356,095  
   Net property, plant and equipment   89,821,862   88,063,678  
   Intangible assets – patents   2,239,867   2,237,936  
   Other assets   4,948,490   4,684,681  
   Current liabilities   27,411,852   31,928,000  
   Long-term liabilities   24,592,209   21,033,609  
   Other liabilities   111,241   155,721  
   Common stock   43,522,062   43,522,373  
   Capital surplus   32,210,987   32,198,070  
   Retained earnings:   12,029,799   15,636,799  
   Cumulative translation adjustment   2,250   990  
   Treasury stock   -   (250,981 )
   Total assets   139,880,400   144,224,581  
   Total liability   52,115,302   53,117,330  
   Total stockholders’ equity   87,765,098   91,107,251  
   Net worth per share          
           
   Income Statement   2003 (First   2003 (Second  
    revision)   revision)  
   
 
 
   Net sales $ 90,522,869   94,101,690  
   Cost of goods sold   73,046,109   72,650,733  
   Gross profit (loss)   17,476,760   21,450,957  
   Operating expenses:   5,950,072   6,768,956  
   Operating income (loss)   11,526,688   14,682,001  
   Non-operating income:   438,334   510,635  
   Non-operating expenses and losses:   1,456,222   1,076,836  
   Income (loss) before income tax   10,508,800   14,115,800  
   Income tax expense (benefit)   -   -  
   Net income (loss)   10,508,800   14,115,800  


8 Reason for the correction or update and monetary amount affected: ASP movement and shipment growth

 

 

  differed from the assumptions under first-revision financial forecast.
9. CPA review opinion (please enter: "Standard (or Adverse or Disclaimer of) Review report"; if a non-standard review report, please further enter the explanation section and the conclusion of the review opinion): Standard Review Report
10. Any other matters that need to be specified: N/A