HANA Microelectronics Group. : Content Management
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Group Consolidated Result Second Quarter Ended [30th June, 2021]

Hana Microelectronics Public Company Limited

GROUP CONSOLIDATED RESULT

Second QUARTER ENDED 30th June, 2021

Hana Microelectronics Group 'Hana' Sales Revenue increased 32% year on year to THB 6.1 billion for the second quarter of 2021 from THB 4.6 billion for the second quarter 2020. Sales Revenue in USD terms increased 35% to USD 194m in Q2 2021 from USD 144m in Q2 2020. Earnings from Operations increased 59% to THB 759m in Q2 2021 from THB 476m in Q2 2020.


HIGHLIGHTS

Quarter 2 2021 sales revenue for the group increased 35% year-on-year in USD terms to USD 194m from USD 144m in Q220. The average exchange rate for Q221 was 2% stronger at THB/USD 31.4 from THB/USD 32.0 in Q220. As a result the sales revenue in THB terms increased 32% year on year for the quarter.

Year-on-year, in USD terms, the microelectronics divisions sales increased by 35%. Sales in Lamphun increased 50% whilst Jiaxing was similar year on year. The IC divisions sales revenues increased 35% in Q221, with revenues of the IC division in Ayutthaya increasing 34% and Jiaxing increasing by 46%. Hana Technologies Inc, "HTI" the Microdisplay/RFID operation in Ohio sales revenue increased 40% in Q221 from Q220.

Quarter-on-Quarter, in USD terms, sales for the group increased 12% to USD 194m in Q221 from USD 172m in Q121. Sales in the microelectronics divisions increased 12% with Lamphun increasing 10% and Jiaxing increasing 24%. Sales revenues from the IC divisions increased 11% in Q221 from Q121 with Ayutthaya sales increasing 8% and Jiaxing IC sales increasing by 32%. HTI sales increased 35% in Q221 compared to Q121.

The Gross Profit margin increased 2% points to 17% in Q221 from 15% Q220. Gross Margin in Q221 was higher due to higher sales revenue providing better economies of scale in Q221 compared to Q220.

Year-on-year Earnings from Operations, were 59% higher at THB 759m in Q221 compared to THB 476m in Q220.

The Operating margin was up 3 percentage points to 13% in Q221 from 10% in Q220 due to the higher Gross Margin and better economies of scale also. SG&A expenses were 14% higher in Q221 than Q220 due to increased R&D expenses at the IC division in Korea.


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