AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its unaudited consolidated net sales of NT$11,223 million and unconsolidated net sales of NT$11,185 million for the month of August, 2004. Due to the weaker-than-expected market environment and substantial panel price correction in recent weeks, the Company expects that the decline in unit shipments and blended ASP for large-sized panels in 3Q2004 will exceed the earlier guidance made during its First Half 2004 Results Investor Conference on July 22, 2004.
Shipments for large-sized TFT-LCD panels in August, further impacted by customers' one-time inventory adjustment, decreased 18.6% on a M-o-M basis. Unit shipments for large-sized applications of desktop monitor, notebook, and LCD TV totaled 1.28 million in August. On the other hand, small- and medium-sized panels broke the previous monthly record of 3.07 million set in September 2003, to reach 3.53 million in August 2004, a 15.6% growth over July.
Consolidated revenues for the month of August declined 23.1% M-o-M, but grew 21.0% Y-o-Y, while unconsolidated net sales decreased 23.2% M-o-M but increased 30.1% Y-o-Y, respectively. Year-to-date consolidated revenues reached NT$115.7 billion, representing an increase of 92.8% from the previous year.
Sales Report: (Unit: NT$ million)
|Net Sales (1)(2)(4)||Consolidated (3)||Unconsolidated|
(1) All figures are prepared in accordance with generally accepted accounting principles in Taiwan.
(2) Year 2004 figures are unaudited, prepared by AU Optronics Corp.
(3) Consolidated numbers include AU Optronics Corporation, AU Optronics (L) Corporation, and AU Optronics (Suzhou) Corporation.
(4) Numbers modified to reflect the adjustments made by auditors for 1H 2003 Consolidated Financial Statements and to reflect foreign exchange translation adjustments.