Hsinchu, Taiwan


AUO Corporation ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced preliminary consolidated net sales of NT$12,925 million and unconsolidated net sales of NT$12,909 million for the month of September 2004.

 

Unit shipments of large-sized panels for applications such as desktop monitor, notebook, and LCD TV, rose24.5% sequentially to 1.59 million in September. Shipments of small- and medium-sized panels set another record month, supported by peak season strength, to reach 4.44million in September, a 25.7% growth over August.

 

Unaudited consolidated revenues for the month of September increased 15.2% M-o-M and 23.2% Y-o-Y, while unconsolidated net sales increased 15.4% M-o-M and 32.2% Y-o-Y, respectively. Year-to-date consolidated revenues reached NT$128.6 billion, representing an increase of 82.5% from the previous year.

 

Due to the weaker-than-expected market environment and substantial panel price correction during third quarter 2004, consolidated revenues for this period declined 20.2% Q-o-Q to NT$38,749 million, but increased 36.6% Y-o-Y, while unit shipment of large-sized panels totaled 4.45 million, down 5.9% from second quarter 2004. On the other hand, shipments of small- and medium-sized panels broke the 10 million mark in the third quarter 2004 to reach 11.03 million, increased 50.3% Q-o-Q and 44.3% Y-o-Y.

 

 

Sales Report:

 

(Unit:NT$ million)

Net Sales(1)(2)(4)

Consolidated(3)

Unconsolidated

September 2004

12,925

12,909

August 2004

11,223

11,185

M-o-M Growth

15.2%

15.4%

September 2003

10,494

9,761

Y-o-Y Growth

23.2%

32.2%

Year-to-Date 2004

128,610

125,538

Y-o-Y Growth

82.5%

91.6%

 

 

(1):All figures are prepared in accordance with generally accepted accounting principles in Taiwan.
(2):Year 2004 figures are unaudited, prepared by AUO Corporation.
(3):Consolidated numbers include AUO Corporation, AU Optronics (L) Corporation, and AU Optronics (Suzhou) Corporation.

(4):Numbers modified to reflect the adjustments made by auditors on First Nine Months 2004 Financial Statements and to reflect foreign exchange translation adjustments.