AU Optronics Corp. Reports January 2011 Consolidated Revenue
HSINCHU, Taiwan, Feb. 10, 2011 /PRNewswire-Asia-FirstCall/ — AU Optronics Corp. (“AUO“ or the “Company“) (TAIEX: 2409; NYSE: AUO) today announced its preliminary consolidated January 2011 revenue of NT$30,188 million, down by 1.4% from the previous month and 21% from the same period last year.
For January 2011, large-sized panel (a) shipments, with applications on desktop monitor, notebook PC, LCD TV and other applications, increased by 3.3% month-over-month to nearly 9.46 million units. As for small-and-medium-sized panels, the shipments were around 14.5 million units, down by 15% month-over-month.
(a) Large size refers to panels that are 10 inches and above in diagonal measurement while small and medium size refers to those below 10 inches.
Sales Report :(Unit: NT$ million)
Net Sales(1) (2) Consolidated(3) Unconsolidated January 2011 30,188 28,341 December 2010 30,604 28,156 M-o-M Growth (1.4%) 0.7% January 2010 38,225 36,260 Y-o-Y Growth (21%) (21.8%) (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, Darwin Precision Corp. and its affiliates, BriView Electronics Corp., Toppan CFI (Taiwan) Co, Ltd., 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$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 11th, 2010.
SOURCE AU Optronics Corporation