HANA Microelectronics Group. : Content Management
Press Releases

Group Consolidated Result Third Quarter Ended [30th September, 2020]

Hana Microelectronics Public Company Limited
GROUP CONSOLIDATED RESULT
Third QUARTER ENDED 30th September, 2020

Hana Microelectronics Group 'Hana' Sales Revenue decreased 7% year on year to THB 4.8 billion for the third
quarter of 2020 from THB 5.2 billion for the third quarter 2019. Sales Revenue in USD terms decreased 9% to
USD 154m for Q3 2020 from USD 168m in Q3 2019. Operating Profits decreased 4% to THB 367m in Q3 2020
from THB 381m in Q3 2019.



HIGHLIGHTS

Quarter 3 2020 sales revenue for the group decreased 9% year-on-year in USD terms to USD 154m from
USD 168m in Q319. The average exchange rate for Q320 was 2% weaker at THB/USD 31.3 from THB/USD
30.7 in Q319. As a result the sales revenue in THB terms decreased 7% year on year for the quarter.

Year-on-year, in USD terms, the microelectronics divisions sales decreased by 8%. Sales in Lamphun decreased
12% whilst Jiaxing increased by 3%. The IC divisions sales revenues decreased 9% in Q320, with revenues
of the IC division in Ayutthaya decreasing 7% and Jiaxing decreasing by 25%. "HTI" the Microdisplay/RFID
operation in Ohio sales revenue decreased 8% in Q320 from Q319.

Quarter-on-Quarter, in USD terms, sales for the group increased 7% to USD 154m in Q320 from USD 143m in
Q220. In THB equivalent the group sales increased 5% in Q320 compared to Q220. Sales in the microelectronics
divisions increased 12% with Lamphun increasing 18% and Jiaxing decreasing 5%. Sales revenues from the IC
divisions decreased 1% in Q320 from Q220 with Ayutthaya sales increasing 3% and Jiaxing IC sales decreasing
by 11%. The Microdisplay division sales increased 10% in Q320 compared to Q220.

The Gross Profit margin increased 1% point to 12% in Q320 and Q319 at 11% due to reclassification of THB 31m
expenses of Q319 from SGA to Cost of Sales.

Year-on-year operating profits, were 4% lower at THB 367m in Q320 compared to THB 381m in Q319. The
Operating margin was up 1% point to 8% in Q320 and Q319 due to higher Gross Margin. SG&A expenses
were 7% higher in Q320 from Q319 due to reclassification of expenses in Q319. Without reclassification the SGA
expenses reduced 3% due to lower salary expenses.