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AU Optronics Corp. Reports December 2010 Consolidated Revenue (2011.01.07)
Hsinchu, Taiwan,

AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its preliminary consolidated December 2010 revenue of NT$30,620 million, down by 17% from the previous month and 16.9% from the same period last year.  The decrease in the December revenue was associated with the lower-than-expected TV panel prices, customer inventory control by year-end, and the currency influence of NT dollar appreciation.  However, as sell-through picked up during the holiday period and the customer inventory adjustments have gradually come to an end, we expect panel demand will progressively recover.  For the year ended December 31, 2010, unaudited consolidated revenue totaled NT$467,173 million, resulting in an impressive 30% year-over-year growth.

For December 2010, large-sized panel(a) shipments, with applications on desktop monitor, notebook PC, LCD TV and other applications, decreased by 5.8% month-over-month to nearly 9.16 million units. As for small-and-medium-sized panels, the shipments were around 17.06 million units, down by 5.4% month-over-month.

During the fourth quarter of 2010, the shipments of large-sized panels decreased 2.3% quarter-over-quarter to around 28.03 million units, but represent a year-over-year increase of 2.4%. Shipments for small- and medium-sized panels exceeded 52.88 million units, down by 4.9% quarter-over-quarter and 12% year-over-year.

In terms of the 2010 full-year unit shipments, large-sized panels reached 113.55 million units, up 26.7% from 2009. Meanwhile, small and medium-sized panels totaled around 220.89 million units, down by 3.4% 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
December 2010 30,620
28,156
November 2010 36,870 34,314
M-o-M Growth (17%) (17.9%)
December 2009 36,836 35,204
Y-o-Y Growth (16.9%) (20%)
Jan. to Dec. 2010 467,173 442,996
Jan. to Dec 2009 359,331 350,179
Y-o-Y Growth
30% 26.5

(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. and its affiliates, Darwin Precision Corp. and its affiliates, BriView Electronics Corp., Toppan CFI (Taiwan) Co, Ltd., and AUO Crystal Corp. and its affiliates.