AU Optronics Corp. Reports July 2010 Consolidated Revenue

Aug 09, 2010, 04:51 ET from AU Optronics Corp.

HSINCHU, Taiwan, Aug. 9 /PRNewswire-Asia-FirstCall/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its preliminary consolidated July 2010 revenue of NT$38,872 million, down by 10.9% month-over-month but up by 19.4% year-over-year.

Large-sized panel (a) shipments for July 2010, with applications on desktop monitor, notebook PC, LCD TV and other applications, exceeded 9.25 million units, down by 4.9% from the previous month. As for small-and-medium- sized panels, the shipments amounted to 17.30 million units, up by 9.6% 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

    Sales Report :(Unit: NT$ million)

    Net Sales(1) (2)                        Consolidated(3)     Unconsolidated
    July 2010                                   38,872               37,301
    June 2010                                   43,640               41,438
    M-o-M Growth                                (10.9%)              (10.0%)
    July 2009                                   32,551               31,843
    Y-o-Y Growth                                 19.4%               17.1%
    Jan to July 2010                           279,022              265,467
    Jan to July 2009                           165,778              163,758
    Y-o-Y Growth                                 68.3%                62.1%

    (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 Energy Taiwan
        Corp.   Revenue of Lextar Electronics Corp. and its affiliates is no
        longer included in the consolidated numbers starting from this July.


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 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

* 2009 year end revenue converted at an exchange rate of NTD31.95:USD1.

Safe Harbor 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.

    For more information, please contact:

     Freda Lee
     Corporate Communications Division
     AU Optronics Corp.
     Tel:   +886-3-500-8800 x3206
     Fax:   +886-3-5772730

     Yawen Hsiao
     Corporate Communications Division
     AU Optronics Corp.
     Tel:   +886-3-500-8800 x3211

SOURCE AU Optronics Corp.