Group Consolidated Result Year Ended [31st December, 2016]
Hana Microelectronics Public Company Limited
GROUP CONSOLIDATED RESULT
Year ENDED 31st December, 2016
Hana Microelectronics Group 'Hana' Sales Revenue was similar year on year, at THB 20.6 billion in year 2016 up fromTHB 20.5 billion in year 2015. Sales Revenue in USD terms decreased by 3% to USD 582m in 2016 from USD 599m in 2015.
Group Sales were similar in 2016 at THB 20,522m from THB 20,521m in 2015 with markets following a similar trend
during the year as in 2015. First half of 2016 was generally weaker but stronger in the second half of the year, particularly
for Q4 of both 2015 and 2016. USD sales were 3% lower in 2016 at USD 581m from USD 599m in 2015 as the average
THB/USD exchange rate weakened 3% to THB/USD 35.30 in 2016 from THB/USD 34.25 in 2015.
The Microelectronics divisions' sales revenue decreased 12% [-10% THB] in 2016 over 2015. The microelectronics
operation in Lamphun sales decreased 13% [-11% in THB terms] and JXG decreased by 10% [-7% in THB terms] in 2016.
In 2016 IC assembly sales overall increased by 4% in USD terms [+8% in THB terms]. Specifically, IC AYT sales
increased 8% [+11% in THB terms], and IC JXG USD sales decreased by 16% [-14% in THB terms].
Hana Microdisplay Technologies "HMT", sales increased 200% [+209% THB] for the year.
Gross Profit decreased by THB 155m with the gross margin being 14% in 2016 down 1% from 15% in 2015, due to lower
product prices in both PCBA and IC divisions.
The Operating profit margin also reduced by 1% to 10% in 2016 from 11% in 2015. SGA expenses increased by 5% [THB
53m] due to the opening of new plants in Lamphun (Sahaphat Industrial Park) and Cambodia (Koh Kong).