HANA Microelectronics Group. : Content Management
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Group Consolidated Result Year Ended [31st December, 2019]

Hana Microelectronics Public Company Limited
GROUP CONSOLIDATED RESULT Year ENDED 31st December, 2019

Hana Microelectronics Group 'Hana' Sales Revenue decreased 8% year on year, at THB 20.4 billion in year 2019 from THB 22.3 billion in year 2018. Sales Revenue in USD terms decreased by 5% to USD 656m in 2019 from USD 689m in 2018. Operating profits decreased 39% to THB 1,408m in 2019 from THB 2,309m in 2018.



HIGHLIGHTS

Group Sales decreased 8% in 2019 to THB 20,384m from 2018 at THB 22,264m due to market weakness from the downturn in the semiconductor cycle and the US-China trade war. USD sales were 5% lower in 2019 at USD 656m down from USD 689m in 2018 as the average THB/USD exchange rate strengthened 4% to THB/USD 31.05 in 2019 from THB/USD 32.31 in 2018.

The Microelectronics divisions' sales revenue decreased 1% [-5% in THB terms] in 2019 over 2018. The microelectronics operation in Lamphun sales increased 7% [+3% in THB terms] and JXG decreased by 16% [-25% in THB terms] in 2018.

In 2019 IC assembly sales overall decreased by 9% in USD terms [-12% in THB terms]. Specifically, IC AYT sales decreased 7% [-10% in THB terms], and IC JXG USD sales decreased by 22% [-25% in THB terms].

Hana Technologies Inc "HTI" (formerly Hana Microdisplay Technologies), sales decreased 16% [-19% THB] for the year.

Gross Profit decreased by THB 889m with the gross margin being 11% in 2019 down 3 percentage point from 14% in 2018, due to lower sales revenue and stronger THB/USD exchange rate.

The Operating profit margin decreased by 3 percentage point to 7% in 2019 from 10% in 2018. SGA expenses decreased by 2% [THB 19m] due to reduced SGA expense at the Jiaxing plant.