AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its June 2008 revenue with preliminary consolidated and unconsolidated basis of NT$36,724 million and NT$36,388 million respectively. It represented 17.2% and 17.1% sequential decrease, and 5.7% and 6.4% year-over-year decrease. This weaker than expected June sales was owing to the cautious inventory control for semi-annual results by customers as well as the anticipation of uncertain seasonal demand under current macro environment.
Shipments of large-sized panels(a) used in desktop monitor, notebook PC, LCD TV and other applications for June 2008 totaled 6.7 million units, decreased by 12.9% sequentially. Small-and-medium-sized panel shipments totaled 13.5 million units, a 2.7% month-over-month decrease.
In the second quarter of 2008, AUO’s unaudited consolidated and unconsolidated revenues totaled NT$123,464 million and NT$122,373 million. It represented year-over-year growth of 16.5% and 15.5%, but quarter-over-quarter decrease of 9.6% and 10.2%. The decline was due to the lower-than-expected shipment and ASP in both IT and TV panels.
Large-sized panel shipments for the second quarter of 2008 were 21.8 million, a mild 0.9% Q-o-Q decrease but 12% Y-o-Y increase. Small- and medium-sized panel shipments for the second quarter of 2008 totaled 41.9 million units, representing 11.1% Q-o-Q increase and 29.9% Y-o-Y increase.
AUO will consistently manage its inventory at reasonable level and adjust its loading rate based on the market demand.
(a) Large size refers to panels that are 10 inches and above in diagonal measurement while small and medium size refers to those below 10 inches
Sales Report:(Unit: NT$ million)
|Net Sales(1) (2)||Consolidated(3)||Unconsolidated|
|Jan to Jun 2008||260,093||258,612|
|Jan to Jun 2007||186,729||186,623|
(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) Corporation, AU Optronics (Suzhou) Corporation, AU Optronics (Shanghai) Corporation, Tech - Well (Shanghai) Display Co., AU Optronics (Xiamen) Corp., Darwin Precisions (L) Corp., Toppan CFI (Taiwan) Co, Ltd. and AU Optronics (Czech) s.r.o.