Hana Microelectronics Public Company Limited (HANA) has announced its 3Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;
For the third quarter ending 30th September 2021, HANA’s net profit increased by 76% to THB 564 million from THB 320 million in 3Q20, due to higher operating earnings in 3Q21.
HANA’s sales revenue for the period increased 23% year-on-year in USD terms to USD 190 million from USD 154 million in 3Q20. The average exchange rate for 3Q21 was 5% weaker at THB/USD 32.9 from THB/USD 31.3 in 3Q20. 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 division’s sales increased by 22%. Sales in Lamphun increased 22% and Jiaxing increased by 22% year on year. The IC division’s sales revenues increased 27% in 3Q21, 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 3Q21 from 3Q20.
Earnings from operations were 90% higher at THB 696 million in 3Q21 compared to THB 367 million in 3Q20. The operating margin was up 3 percentage points to 11% in 3Q21 from 8% in 3Q20 due to the higher Gross Margin and better economies of scale also. SG&A expenses were 18% higher in 3Q21 than 3Q20 due to lower employee bonuses paid in 2020 and higher salaries in 2021.