omniture

AUO November 2006 Consolidated Revenues Totaled NT$33.2 Billion

2006-12-07 16:50 3841


HSINCHU, Taiwan, Dec. 7 /Xinhua-PRNewswire-FirstCall/ -- AU Optronics

Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced

preliminary consolidated November 2006 monthly revenues of NT$33,185 million

and unconsolidated revenues totaled NT$33,178 million, both representing a

0.3% sequential decline. On a year-over-year comparison, both November 2006

consolidated and unconsolidated revenues increased by 37.1%.

Shipments of large-sized panels used in desktop monitor, notebook PC, LCD

TV and other applications, reached 5.78 million units, a slight 0.3% decrease

from October 2006. Shipments of small-and-medium-sized panels presented a 9.3

% sequential decline to 8.22 million.

During the fourth quarter, the industry is witnessing a healthy sell

through and expects the holiday season demand to remain solid. AUO reiterates

its fourth quarter blended ASP trend to be inline to its October guidance.

However, the company experienced an early sign of controlling year end

inventory from some of its customers and also expects panel shipments in

December 2006 to decline sequentially due to the seasonality. Based on the

current market condition, AUO expects the large panel shipments to grow by

30%-35% quarter over quarter, in lieu of the original guidance of 40%

growth. Small & medium panel shipments expect to increase by around 20%,

inline to the original guidance. In response to the changing of the current

business condition, AUO reduces its overall Fab-loading rate to be about 90%

level.

(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) Unconsolidated

Nov-06 33,185 33,178

Oct-06 33,270 33,273

M-o-M Growth (0.30%) (0.30%)

Nov-05 24,207 24,205

Y-o-Y Growth 37.10% 37.10%

Jan to Nov 2006 264,916 264,878

Jan to Nov 2005 192,796 192,706

Y-o-Y Growth 37.40% 37.50%

(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)

Corporation, AU Optronics (Suzhou) Corporation, and AU Optronics

(Shanghai) Corporation.

About AU Optronics

AU Optronics Corp. ("AUO") is one of the top three largest manufacturers*

of large-size thin film transistor liquid crystal display panels ("TFT-LCD"),

with approximately 20.7%* of global market share with revenues of

NT$217.4billion (US$6.75 bn)* in 2005. TFT-LCD technology is currently the

most widely used flat panel display technology. Targeted for 40"+ sized LCD

TV panels, AUO's new generation (7.5-generation) fabrication facility

production started mass production in the fourth quarter of 2006. The

Company currently operates one 7.5-generation, two 6th-generation, four 5th-

generation, one 4th-generation, and four 3.5-generation TFT- LCD fabs, in

addition to eight module assembly facilities and the AUO Technology Center

specializes in new technology platform and new product development. AUO is

one of few top-tier TFT-LCD manufacturers capable of offering a wide range of

small- to large- size (1.5"-46") TFT-LCD panels, which enables it to offer a

broad and diversified product portfolio.

* As shown on DisplaySearch Quarterly Large-Area TFT-LCD Shipment Report

dated November 2, 2006. (AUO market share = pre-merger AUO market share

+ QDI market share) This data is used as reference only and AUO does not

make any endorsement or representation in connection therewith. 2005

year end revenue converted by an exchange rate of NTD32.2039:USD1.

Source: AU Optronics Corp.
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