Press release from PR Newswire
AU Optronics Corp. Reports June 2011 Consolidated Revenue
Thursday, July 07, 2011
AU Optronics Corp. Reports June 2011 Consolidated Revenue06:04 EDT Thursday, July 07, 2011HSINCHU, Taiwan, July 7, 2011 /PRNewswire-Asia-FirstCall/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its preliminary consolidated June 2011 revenue of NT$31,273 million, down by 6.9% month-over-month and 28.3% year-over-year. Due to customers' inventory adjustments, panel's order momentum was weaker than expected. In the second quarter of 2011, AUO's unaudited consolidated revenues totaled NT$98,050 million, up by 5.2% quarter-over-quarter and down by 23.7% year-over-year.For June 2011, large-sized panel (a) shipments, with applications on desktop monitor, notebook PC, LCD TV and other applications, exceeded 9.2 million units, a decrease of 11.9% from the previous month. As for small-and-medium-sized panels, the shipments were around 16.55 million units, up by 11.7% month-over-month.In the second quarter of 2011, large-sized panel shipments totaled over 29.63 million units, up 4.3% quarter-over-quarter and flattish year-over-year. Shipments of small-and-medium-sized panels in the same quarter reached around 45.47 million units, up by 4.6% quarter-over-quarter and down by 18% year-over-year.(a) Large size refers to panels that are 10 inches and above in diagonal measurement while small and medium size refers to those below 10 inches. Sales Report :(Unit: NT$ million)Net Sales(1) (2)Consolidated(3)UnconsolidatedJune 201131,27330,002May 201133,60332,311M-o-M Growth(6.9%)(7.1%)June 201043,64041,438Y-o-Y Growth(28.3%)(27.6%)Jan to June 2011191,279181,683Jan to June 2010 240,150228,166Y-o-Y Growth(20.4%)(20.4%)(1) All figures are prepared in accordance with generally accepted accounting principles in Taiwan. (2) Monthly figures are unaudited, prepared by AU Optronics Corp. (3) Consolidated numbers include AU Optronics Corp., AU Optronics (L) Corp. and its affiliates, Darwin Precision Corp. and its affiliates, BriView Electronics Corp., Toppan CFI (Taiwan) Co, Ltd., Darshin Microelectronics Inc., and AUO Crystal Corp. and its affiliates. ABOUT AU OPTRONICSAU Optronics Corp. (AUO) is a global leader of thin film transistor liquid crystal display panels (TFT-LCD). AUO is able to provide customers with a full range of panel sizes and comprehensive applications, offering TFT-LCD panels in sizes ranging from 1.2 inches to greater than 71 inches. AUO generated NT$467.2 billion in sales revenue in 2010 (US$16 billion) with global operations in Taiwan, Mainland China, Japan, Singapore, South Korea, the U.S., and Europe. Additionally, AUO is the first pure TFT-LCD manufacturer to be successfully listed at the New York Stock Exchange (NYSE). AUO extended its market to the green energy industry in late 2008. The Display and Solar businesses were established respectively as the Company's two core businesses in October, 2010. For more information, please visit AUO.com.* 2010 year end revenue converted at an exchange rate of NTD29.14:USD1.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 are "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These forward-looking statements were based on our management's 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 Form 20-F filed with the United States Securities and Exchange Commission on May 3rd, 2011.SOURCE AU Optronics CorporationFor further information: Freda Lee, +886-3-5008800 x3206, firstname.lastname@example.org or Yawen Hsiao, +886-3-5008800 x3211, email@example.com, both Fax: +886-3-5772730, Corporate Communications Division, AU Optronics Corp.