Hsinchu, Taiwan,
AUO Corporation ("AUO"or the "Company") (TAIEX: 2409; NYSE: AUO) today announced unaudited results for 4Q2007 and the Fiscal 2007. For the fourth quarter ended December 31, 2007, AUO’s consolidated revenue reached NT$155.5 billion (*US$4.8 billion), net income NT$33.1 billion (US$1,020 million), attributable to equity holders of the parent company NT$33 billion (US$1,018 million), and basic EPS NT$4.22 per common share (US$1.30 per ADR unit).
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Fourth Quarter Results
AUO reported the following unaudited consolidated results for the fourth quarter:
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Full Year Results
AUO reported the following consolidated results for the full year:
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Thanks to the merger synergy, AUO’s large-sized panel shipments in 2007 grew 65.9% YoY significantly to 80.9 million units, and the company therefore was ranked No.1 in terms of worldwide large-area TFT-LCD shipment units**. In addition, the shipment of small- to medium- sized panel for consumer product applications posted a remarkable 80.7% YoY increase to 143.1 million units.
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"The significant result in fiscal 2007 was our best performance since its establishment, particularly the fourth quarter revenue and profits. The 4Q2007 unaudited consolidated net income amounted to NT$33.1 billion with a 47% sequential increase and broke the previous record,” said Mr. Max Cheng, Vice President and Chief Financial Officer of AUO. “Thanks to the strong demand from end-user markets resulting in steady blended panel ASP, and our implement of more competitive product mix, the 4Q2007 gross margin boosted to 27% from 23% sequentially, while the operating margin lifted to 22.4% from the earlier quarter of 18.7%.“
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“We also made significant progress in our effective operation as well as in our financial goals of largely reducing debt ratio and improving financial structure, “Cheng added. “We experienced the post-QDI merger synergy effect since 3Q2007. In addition, 4Q2007 inventory turnover was reduced to 31 days from 38 days sequentially. The full-year 2007 net income totaled NT$56.5 billion while the basic EPS was NT$7.22 per common share, significantly increased 521% and 413% from the previous year respectively.”
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*Amounts converted by an exchange rate of NTD32.43:USD1 as of December 31, 2007.
**DisplaySearch 4Q2007 WW Large-Area TFT-LCD Shipment Report dated Jan 23, 2008. This data is used as reference only and AUO does not make any endorsement or representation in connection therewith.
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Yawen Hsiao
Corporate Communications Dept.
AUO Corporation
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No.1, Li-Hsin RD 2, Science-Based Industrial Park,
Hsinchu City 300, Taiwan, R.O.C.
Tel：+886-3-500-8899 ext：3211
Fax：+886-3-5772730
Email：yawenhsiao@hzmxjx.com