HANA Microelectronics Group. : Content Management
Press Releases

Group Consolidated Result Forth Quarter Ended [31th December, 2016]

Hana Microelectronics Public Company Limited
FOURTH QUARTER ENDED 31st December, 2016

Hana Microelectronics Group 'Hana' Sales Revenue increased 12% year on year at THB 5.7 billion for the fourth quarter of
2016 from THB 5.1 billion for the fourth quarter 2015. Sales Revenue in USD terms increased by 13% to USD 162m
from USD 143m in Q4 2015. Operating Profits increased 3% to THB 725m in Q4 2016 from THB 701m in Q4 2015 and
sequentially were up 36% over THB 534m in Q316.


Quarter 4 2016 sales revenue for the group increased 13% year-on-year in USD terms, from USD 143m in Q415 to
USD 162m in Q416. The average exchange rate for Q416 was 1% stronger at THB/USD 35.4 from THB/USD
35.8 in Q415. As a result the sales revenue in THB terms increased 12% year on year for the quarter.

Year-on-year, the microelectronics divisions sales increased by 9% in USD terms. Sales in Lamphun increased
11% whilst JiaXing increased by 6%. The IC divisions USD sales revenues increased 7% in Q416, with revenues
of the IC divisions in Ayutthaya increasing by 9% and JiaXing decreasing by 3%. "HMT" the microdisplay/RFID
operation in Ohio sales revenue increased 254%.

Quarter-on-Quarter Group sales increased by 7% from USD 152m in Q316 to USD 162m in Q416. In THB
equivalent the group sales were up 8% in Q416 compared to Q316 due to the average THB/USD exchange rate
being 1.6% weaker at 35.4 in Q416 from 34.8 in Q316. Sales in the microelectronics division increased 12% with
Lamphun increasing 17% and JiaXing increasing 1%. Sales revenues from the IC divisions were 3% lower in
Q416 with Ayutthaya sales decreasing by 5% and JiaXing IC sales increasing by 10%. The microdisplay division
sales increased 20% in Q416 compared to Q316.

The Gross Profit margin was 17% in Q416 down from Q415 at 18% due lower selling prices leading to a higher
percentage of material costs (1%).

Year-on-year operating profits were 3% higher at THB 725m in Q416 compared to THB 701m in Q415. The
Operating margin was 13% in Q416 down 1% from 14% in Q415 due to lower gross margin (1%). SG&A
expenses were 7% higher in Q416 than in Q415 due to higher salary expenses. SG&A expenses in Q416 were 1%
lower than Q316.