HANA Reports 21% Increase in 1Q22 Earnings as Revenue Grows

Hana Microelectronics Public Company Limited (SET: HANA) has announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q22 1Q21
Net Profit (Loss)
Million Baht
365.00 301.20
Earning Per Share
0.4500 0.3700
% Change 21.18

HANA reported a net profit of THB 365 million in 1Q22, increased 21.18% from a net profit of THB 301 million in 1Q21.

In 1Q22, sales revenue of HANA increased 7% year-on-year in USD terms to USD 185 million from USD 172 million in 1Q21. The average exchange rate for 1Q22 was 9% weaker at THB/USD 33.1 from THB/USD 30.3 in 1Q21. As a result the sales revenue in THB terms increased 17% year on year for the quarter.

Year-on-year, in USD terms, the microelectronics division’s sales increased by 9%. Sales in Lamphun increased 7% and Jiaxing increased by 15% year on year. The IC division’s sales revenues increased 1% in 1Q22, with revenues of the IC division in Ayutthaya decreasing 0.5% and Jiaxing increasing by 17%. Hana Technologies Inc, “HTI” the Microdisplay/RFID operation in Ohio sales revenue increased 33% in 1Q22 from 1Q21.

The Gross Profit margin decreased 1 percentage point to 11% in 1Q22 from 12% 1Q21. Gross Margin in 1Q22 decreased despite higher Revenue during the quarter due to lower Gross Profit from the loss of Korean IC THB 89 million.