HSINCHU, Taiwan, March 8 /PRNewswire-Asia/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its preliminary consolidated February 2010 revenue of NT$32,666 million, down by 14.5% from January and up by an impressive 112.4% year-over-year.
Due to the Chinese New Year holidays and fewer workdays in February, large-sized panel (a) shipments for February 2010, with applications as desktop monitors, notebook PCs, and LCD TVs, totaled around 8.01 million units, a 15.3% drop month-over-month. As for small- and medium-sized panels, the shipments amounted to around 16.09 million units, down by approximately 17.6% from the previous month.
(a) Large-size refers to panels that are 10 inches and above in diagonal measurement while small and medium size refers to those below 10 inches.
Sales Report: ( Unit: NT$ million)
Net Sales (1) (2) Consolidated(3) Unconsolidated
February 2010 32,666 31,182
January 2010 38,225 36,260
M-o-M Growth (14.5%) (14.0%)
February 2009 15,381 15,323
Y-o-Y Growth 112.4% 103.5%
Jan to Feb 2010 70,891 67,441
Jan to Feb 2009 28,626 28,522
Y-o-Y Growth 147.6% 136.5%
(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., AU Optronics (Suzhou) Corp., AU Optronics (Shanghai) Corp.,
AU Optronics Manufacturing (Shanghai) Corp., AU Optronics (Xiamen)
Corp., Darwin Precisions (L) Corp., Darwin Precisions (Suzhou)
Corp., Darwin Precisions (Xiamen) Corp., Darwin Precision Corp.,
BriView Electronics(L) Corp., BriView Electronics Corp., BVCH
Optronics (Sichuan) Corp., BriView Technology Corp., AU Optronics
(Czech) s.r.o., M. Setek Co., Ltd. and its affiliates, Toppan CFI
(Taiwan) Co, Ltd., Lextar Electronics Corp., and AUO Energy Taiwan
Corp.
About AU Optronics
AU Optronics Corp. (AUO) is a worldwide top three manufacturer* 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 65 inches. AUO generated NT$359.3 billion (US$11.2 billion) in sales revenue in 2009 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, and formally founded its Solar Photovoltaic Business Unit in October, 2009. For more information, please visit AUO.com.
* DisplaySearch 4Q2009 WW Large-Area TFT-LCD Shipment Report. This data is used as reference only and AUO does not make any endorsement or representation in connection therewith. 2009 year end revenue converted at an exchange rate of NTD31.95:USD1.
Safe Harbour Notice
AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO), a worldwide top three manufacturer of large-size 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 June 4th, 2008.
