HANA Microelectronics Group. : Content Management
Press Releases

Group Consolidated Result First Quarter Ended [31th March, 2021]

Hana Microelectronics Public Company Limited
GROUP CONSOLIDATED RESULT
First QUARTER ENDED 31stMarch, 2021

Hana Microelectronics Group 'Hana' Sales Revenue increased 13% year on year to THB 5.2 billion for the first
quarter of 2021 from THB 4.6 billion for the first quarter 2020. Sales Revenue in USD terms increased 17% to
USD 172m in Q1 2021 from USD 147m in Q1 2020. Earnings from Operations decreased 23% to THB 373m in
Q1 2021 from THB 483m in Q1 2020.



HIGHLIGHTS
Quarter 1 2021 sales revenue for the group increased 17% year-on-year in USD terms to USD 172m from
USD 147m in Q120. The average exchange rate for Q121 was 3% stronger at THB/USD 30.3 from THB/USD
31.3 in Q120. As a result the sales revenue in THB terms increased 13% year on year for the quarter.
Year-on-year, in USD terms, the microelectronics divisions sales increased by 13%. Sales in Lamphun increased
10% whilst Jiaxing increased by 26%. The IC divisions sales revenues increased 22% in Q121, with revenues
of the IC division in Ayutthaya increasing 19% and Jiaxing increasing by 57%. "HTI" the Microdisplay/RFID
operation in Ohio sales revenue increased 31% in Q121 from Q120.

Quarter-on-Quarter, in USD terms, sales for the group were similar at USD 172m in Q121 and in Q420. In THB
equivalent the group sales decreased 1% in Q121 compared to Q420. Sales in the microelectronics divisions
decreased 6% with Lamphun decreasing 4% and Jiaxing decreasing 16%. Sales revenues from the IC divisions
increased 6% in Q121 from Q420 with Ayutthaya sales increasing 7% and Jiaxing IC sales increasing by 3%. The
Microdisplay division sales increased 15% in Q121 compared to Q420.

The Gross Profit margin decreased 3% points to 12% in Q121 from 15% Q120. Gross Margin in Q120 was higher
than normal due to the weaker THB/USD exchange rate in Q120 compared to Q419 and Q319. Materials bought at
the stronger exchange rate in Q3&Q419 and sales in Q120 at the weaker exchange rate increased the margin in Q120.

Year-on-year Earnings from Operations, were 23% lower at THB 373m in Q121 compared to THB 483m in Q120.
The Operating margin was down 3% point to 7% in Q121 and Q120 due to the lower Gross Margin.
SG&A expenses were similar in Q121 and Q120.

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