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AU Optronics Corp. Reports February 2011 Consolidated Revenue

March 8, 2011

HSINCHU, Taiwan, March 8, 2011 /PRNewswire-Asia-FirstCall/ — AU Optronics Corp. (AUO or the Company) (TAIEX: 2409; NYSE: AUO) today announced its preliminary consolidated February 2011 revenue of NT$27,095 million, down by 10.2% from the previous month and 17.1% from the same period last year.

Due to the Chinese New Year holidays and fewer workdays in February, large-sized panel(a) shipments for February 2011, with applications on desktop monitor, notebook PC, LCD TV and other applications, decreased by 13% month-over-month to over 8.23 million units. As for small and medium-sized panels, the shipments reached 12.22 million units, down by 15.7% 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
    February 2011            27,095             25,712
    January 2011             30,188             28,341
    M-o-M Growth             (10.2%)             (9.3%)
    February 2010            32,666             31,182
    Y-o-Y Growth             (17.1%)            (17.5%)
    Jan to Feb
     2011                    57,283             54,054
    Jan to Feb
     2010                    70,891             67,441
    Y-o-Y Growth             (19.2%)            (19.9%)

    (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 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 managements 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


Source: newswire



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