HANA Posts 8% Higher in 2Q21 Net Profit as Operating Income Surges

Hana Microelectronics Public Company Limited (HANA) has reported its 2Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

For the second quarter ending 30th June 2021, HANA’s net profit increased 8% to THB 736 million from THB 682 million in 2Q21, due to 59% higher operating earnings in 2Q21 but exchange loss in 2Q21 of THB 32 million compared to exchange gain of THB 207 million in 2Q20.

Year-on-year earnings from operations were 59% higher at THB 759 million in 2Q21 compared to THB 476 million in 2Q20. The operating margin was up 3% points to 13% in 2Q21 from 10% in 2Q20 due to the higher gross margin and better economies of scale also. SG&A expenses were 14% higher in 2Q21 than 2Q20 due to increased R&D expenses at the IC division in Korea.  

2Q21 sales revenue for HANA increased 35% year-on-year in USD terms to USD 194 million from USD 144 million in 2Q20. The average exchange rate for 2Q21 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 division’s sales increased by 35%. Sales in Lamphun increased 50% whilst Jiaxing was similar year on year. The IC division’s sales revenues increased 35% in 2Q21, 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 2Q21 from 2Q20.