Hana Microelectronics Public Company Limited (SET: HANA) has announced 1Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 1Q25 | 1Q24 |
| Net Profit (Loss)
Million Baht |
478.11 | 313.20 |
| Earning Per Share
(Baht) |
0.5400 | 0.3500 |
| % Change | 52.65 | |
HANA reported a net profit in 1Q25 of Baht 478.11 million, an increase of Baht 164.91 million or 52.65% compared to the previous year. The surging net profit was due to higher other operating income and exchange gain in 1Q25 compared to 1Q24.
The first quarter of 2025 sales revenue for the group decreased -13% year-on-year in USD terms to $155 million from $179 million in 1Q24. The average exchange rate for 1Q25 was 5% stronger at THB/USD 34.0 from THB/USD 35.7 in 1Q24. As a result the sales revenue in THB terms decreased -18% year on year for the quarter.
Year-on-year, in USD terms, the microelectronics division’s sales decreased by -13%. Sales in Lamphun decreased -10.1% and Jiaxing decreased by -23% year on year. The IC division’s sales revenues decreased -17% in Q125, with revenues of the IC division in Ayutthaya decreasing -23% and Jiaxing increasing by 61%. Power Master Semiconductor ‘PMS’, in Korea, sales revenue decreased -5%. Hana Technologies Inc. ‘HTI’ the Microdisplay/RFID operation in Ohio sales revenue decreased -11% in 1Q25 from 1Q24.
Year-on-year Normalised Profit was 30% higher at THB 458 million in 1Q25 compared to THB 352 million in 1Q24 due to higher other operating income. The Normalised Profit margin increased to 9% in 1Q25 from 6% in 1Q24. SG&A expenses decreased -2% in 1Q25 compared to 1Q24.
Each week’s sales and purchases are booked based on the exchange rate at the close of the previous week. The average exchange rate for 1Q25 was THB/USD 33.96, 1Q24 was THB/USD 35.66, (Q424 was THB/USD 33.99).
The offshore subsidiaries income statements are translated at the average rate for the quarter, (for their respective currencies). The Balance sheets of the offshore companies were translated at the closing rate of THB/USD 33.93 at 31/03/25, and THB/USD 36.47 at 31/03/24 (33.99 at 31/12/24) or the respective rate applicable to each offshore subsidiary’s base currency.
