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

Hana Microelectronics Public Company Limited
Third QUARTER ENDED 30th September, 2021

Hana Microelectronics Group 'Hana' Sales Revenue increased 30% year on year to THB 6.2 billion for the third
quarter of 2021 from THB 4.8 billion for the third quarter 2020. Sales Revenue in USD terms increased 23% to
USD 190m in Q3 2021 from USD 154m in Q3 2020. Earnings from Operations increased 90% to THB 696m in
Q3 2021 from THB 367m in Q3 2020.


Quarter 3 2021 sales revenue for the group increased 23% year-on-year in USD terms to USD 190m from
USD 154m in Q320. The average exchange rate for Q321 was 5% weaker at THB/USD 32.9 from THB/USD
31.3 in Q320. As a result the sales revenue in THB terms increased 30% year on year for the quarter.

Year-on-year, in USD terms, the microelectronics divisions sales increased by 22%. Sales in Lamphun increased
22% and Jiaxing increased by 22% year on year. The IC divisions sales revenues increased 27% in Q321, with revenues
of the IC division in Ayutthaya increasing 22% and Jiaxing increasing by 71%. Hana Technologies Inc, "HTI" the
Microdisplay/RFID operation in Ohio sales revenue increased 19% in Q321 from Q320.

Quarter-on-Quarter, in USD terms, sales for the group decreased 2% to USD 190m in Q321 from USD 193m in
Q221. Sales in the microelectronics divisions were similar with Lamphun decreasing 4% and Jiaxing
increasing 16%. Sales revenues from the IC divisions decreased 5% in Q321 from Q221 with Ayutthaya sales
decreasing 6% and Jiaxing IC sales increasing by 5%. HTI sales decreased 7% in Q321 compared to Q221.

The Gross Profit margin increased 4% points to 16% in Q321 from 12% Q320. Gross Margin in Q321 was higher
due to higher sales revenue providing better economies of scale in Q321 compared to Q320 and weaker THB/USD
exchange rate.

Year-on-year Earnings from Operations, were 90% higher at THB 696m in Q321 compared to THB 367m in Q320.
The Operating margin was up 3 percentage points to 11% in Q321 from 8% in Q320 due to the higher Gross Margin
and better economies of scale also. SG&A expenses were 18% higher in Q321 than Q320 due to lower employee
bonuses paid in 2020 and higher salaries in 2021.

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