HANA Microelectronics Group. : Content Management
Press Releases

Group Consolidated Result Forth Quarter Ended [31th December, 2021]

Hana Microelectronics Public Company Limited
GROUP CONSOLIDATED RESULT
Fourth QUARTER ENDED 31st December, 2021

Hana Microelectronics Group 'Hana' Sales Revenue increased 19% year on year to THB 6.3 billion for the fourth
quarter of 2021 from THB 5.3 billion for the fourth quarter 2020. Sales Revenue in USD terms increased 9% to
USD 187m in Q4 2021 from USD 172m in Q4 2020. Earnings from Operations decreased 9% to THB 391m in
Q4 2021 from THB 428m in Q4 2020.



HIGHLIGHTS

Quarter 4 2021 sales revenue for the group increased 9% year-on-year in USD terms to USD 187m from
USD 172m in Q420. The average exchange rate for Q421 was 9% weaker at THB/USD 33.4 from THB/USD
30.6 in Q420. As a result the sales revenue in THB terms increased 19% year on year for the quarter.
Year-on-year, in USD terms, the microelectronics divisions sales decreased by 1%. Sales in Lamphun decreased
9% and Jiaxing increased by 27% year on year. The IC divisions sales revenues increased 18% in Q421, with revenues
of the IC division in Ayutthaya increasing 17% and Jiaxing increasing by 26%. Hana Technologies Inc, "HTI" the
Microdisplay/RFID operation in Ohio sales revenue increased 63% in Q421 from Q420.

Quarter-on-Quarter, in USD terms, sales for the group decreased 1% to USD 187m in Q421 from USD 189m in
Q321. Sales in the microelectronics divisions decreased 7% with Lamphun decreasing 11% and Jiaxing
increasing 5%. Sales revenues from the IC divisions increased 5% in Q421 from Q321 with Ayutthaya sales
increasing 8% and Jiaxing IC sales decreasing by 12%. HTI sales increased 11% in Q421 compared to Q321.
The Gross Profit margin was similar at 11% in Q421 and Q420. Gross Margin in Q421 was similar
as despite higher Revenue during the quarter costs increased for Korean IC due to THB 243m adjustment in
inventory value.

Year-on-year Earnings from Operations, were 9% lower at THB 391m in Q421 compared to THB 428m in Q420.
The Operating margin was down 2 percentage points to 6% in Q421 from 8% in Q420. SG&A expenses were 44%
higher in Q421 than Q420 due to THB 69m lower bonuses paid in Q420, THB 34m in equipment provision.
Exceptional items were THB 420m write down to zero of the balance of the Credit Suisse Supply Chain Fund.

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