Hana Microelectronics Posts 5% Revenue Drop in 2020


Reading time ( words)

Hana Microelectronics Group 'Hana' sales revenue decreased 5% year on year, at THB 19.3 billion in year 2020 from THB 20.4 billion in year 2019. Sales revenue in USD terms decreased by 6% to USD 616 million in 2020 from USD 656m in 2019. Earnings from Operations increased 23% to THB 1,725 million in 2020 from THB 1,408 million in 2019.

Group Sales decreased 5% in 2020 to THB 19,282 million from 2019 at THB 20,384 million due to market weakness from the lower sales revenues in (Q2 & Q320) and reduction of inventories held by customers in Q1-Q3 due to the COVID-19 pandemic.

USD sales were 6% lower in 2020 at USD 616 million down from USD 656 million in 2019 as the average THB/USD exchange rate weakened 1% to THB/USD 31.29 in 2020 from THB/USD 31.05 in 2019.

The Microelectronics divisions' sales revenue decreased 6% [-6% in THB terms] in 2020 over 2019. The microelectronics operation in Lamphun sales decreased 6% [-5% in THB terms] and JXG decreased by 8% [-7% in THB terms] in 2019.

In 2020 IC assembly sales overall decreased by 4% in USD terms [-4% in THB terms]. Specifically, IC AYT sales decreased 3% [-2% in THB terms], and IC JXG USD sales decreased by 17% [-17% in THB terms]. 

Hana Technologies Inc "HTI" (formerly Hana Microdisplay Technologies), sales decreased 19% [-18% THB] for the year.

Gross Profit increased by THB 357 million with the gross margin being 13% in 2020 up 2 percentage points from 11% in 2019. +2% points higher gross margin due to lower materials cost related exchange rate movements from Q419 to Q120 [+1%], reduced overtime and labour and salary cost reductions [+1%].

The Earnings from Operations margin increased by 2 percentage points to 9% in 2020 from 7% in 2019 due to the increase in gross margin. SGA including R&D expenses were 7% higher in 2020 than 2019.

Share

Print


Suggested Items

Surprising European EMS Market Numbers

10/27/2017 | Dieter G. Weiss, Weiss Engineering
If you think market analysis is always correct and predict the future exactly, you are mistaken. The latest annual reports from EMS companies with manufacturing sites in Europe have changed the picture on the European EMS industry quite a bit and caught us by surprise. Yes, you read that correctly: SURPRISE.



Copyright © 2021 I-Connect007. All rights reserved.