Hana Reports Sales Growth in Q3 2021


Reading time ( words)

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.

Highlights:

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.

Share

Print


Suggested Items

Solder Printing Process Inputs Impacting Distribution of Paste Volume

12/14/2017 | Marco Lajoie and Alain Breton, C-MAC Microelectronics
The volume of solder deposition, like any process, has variations that may be characterized by a statistical distribution curve, whether normal or non-normal. As complexity, density, cost and reliability requirements increase, there may be value in narrowing the distribution curve. It is common sense that less variation serves the interest of quality of the more complex and dense circuit boards.



Copyright © 2021 I-Connect007. All rights reserved.