AU Optronics Corp. Reports December 2011 Consolidated Revenue
HSINCHU, Taiwan, Jan. 10, 2012 /PRNewswire-Asia-FirstCall/ —
AU Optronics Corp. (“AUO“ or the “Company“) (TAIEX: 2409; NYSE: AUO) today announced its preliminary consolidated December 2011 revenue of NT$27,716 million, down by 9.4% month-over-month and down by 9.4% year-over-year. AUO’s consolidated revenues in the fourth quarter of 2011 was down by 9.5% quarter-over-quarter to NT$89,505 million and decreased by 12.8% year-over-year.
For the year ended December 31, 2011, unaudited consolidated revenue totaled NT$379,712 million, resulting in an 18.7% year-over-year decrease.
For December 2011, large-sized panel(a) shipments, with applications on desktop monitor, notebook PC, LCD TV and other applications, were over 8.6 million units, a decrease of 5.9% from the previous month. As for small-and-medium-sized panels, the shipments were around 15.42 million units, up by 6% month-over-month.
Preliminary shipments of large-sized panels for the fourth quarter of 2011 exceeded 26.78 million units, down 9.8% from last quarter, a Y-o-Y decrease of 4.4%. Shipments for small- and medium-sized panels reached around 46.46 million units, down by 10.7% from the third quarter, and a Y-o-Y decrease of 12.1%.
In terms of the 2011 full-year unit shipments, large-sized panels reached 114.5 million units, up 1% from 2010. Meanwhile, small and medium-sized panels totaled around 187.46 million units, down by 15% from last year.
(a) Large size refers to panels that are 10 inches and above in diagonal measurement while small and medium size refers to those below 10 inches.
Sales Report: (Unit: NT$ million)
Net Sales(1)(2) Consolidated(3) Unconsolidated Dec. 2011 27,716 26,234 Nov. 2011 30,579 28,753 M-o-M Growth (9.4%) (8.8%) Dec. 2010 30,604 28,156 Y-o-Y Growth (9.4%) (6.8%) Jan to Dec. 2011 379,712 359,528 Jan to Dec. 2010 467,158 442,996 Y-o-Y Growth (18.7%) (18.8%)
(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, BriView Electronics Corp. and its affiliates, Toppan CFI (Taiwan) Co, Ltd., Darshin Microelectronics Inc., and AUO Crystal Corp. and its affiliates.
ABOUT AU OPTRONICS
AU 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$379.7 billion in sales revenue in 2011 (US$ 12.54 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.
* 2011 year end revenue converted at an exchange rate of NTD30.27: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 Corporation