AU Optronics Corp. Reports April 2022 Consolidated Revenue
AU Optronics Corp. ("AUO" or the "Company") (TWSE: 2409) today announced its unaudited consolidated revenue of NT$20.22 billion for April 2022(1), down by 27.9% month-over-month and down by 31.7% year-over-year. Revenues dropped sharply in April, largely due to weaker demand amid macroeconomic uncertainties caused by war and inflation, together with higher channel inventory resulted from previous port congestions and container shortage. In addition, eastern China has introduced strict Covid-19 related lockdowns since April. Given the challenges of lack of workers, combined with supply chain disruptions under these lockdown measures, the Company has lowered utilization rates at its production sites in Kunshan and Suzhou. Meanwhile, shipments to customers were also impacted by these lockdown restrictions. Currently, lockdown measures were lifted in certain areas while the pandemic gradually eased. However, it may still take some time for market to return to normal.
The total panel area shipment reached around 1.58 million square meters in April 2022, down by 24.4% month-over-month.
AUO April Revenue Report:
(Unit: NT$ million)
|Jan. to Apr. 2022||101,751|
|Jan. to Apr. 2021||112,542|
(1) All financial information was unaudited and was prepared by the Company in accordance with Taiwan IFRS.