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AUO Corporation June 2008 Consolidated Revenue Totaled NT$36.7 Billion

Published date:2008-07-08

Hsinchu, Taiwan,


AUO Corporation ("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.

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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.

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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.

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(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.

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Sales Report:

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(Unit:NT$ million)

Net Sales(1)(2)

Consolidated(3)

Unconsolidated

June 2008

36,724

36,388

May 2008

44,339

43,914

M-o-M Growth

(17.2%)

(17.1%)

June 2007

38,955

38,881

Y-o-Y Growth

?(5.7%)

(6.4%)

Jan to Jun 2008

260,093

258,612

Jan to Jun 2007

186,729

186,623

Y-o-Y Growth

39.3%

38.6%

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(1 ):All figures are prepared in accordance with generally accepted accounting principles in Taiwan.
(2):Monthly figures are unaudited, prepared by AUO Corporation.
(3):Consolidated numbers include AUO Corporation., 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.

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