HANA Reports 16% Decline of Net Profit in 2023 amid Downturn in Semiconductor Market

Hana Microelectronics Public Company Limited (SET: HANA) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2023 2022
Net Profit (Loss)
Million Baht
1,760.57 2,102.07
Earning Per Share
(Baht)
2.1400 2.6100
% Change -16.25

HANA reported a net profit of THB 1,760 million in 2023, decreased 16.25% from a net profit of THB 2,102 million in 2022. The decrease was mainly due to a downturn in the semiconductor cycle in 2023 and inventory adjustment at IC Korea. Meanwhile, sales decreased 4% in 2023 to THB 26,152 million from 2022 at THB 27,167 million.

The Microelectronics divisions’ sales revenue in USD increased 5% [5% in THB terms] in 2023 over 2022. The microelectronics operation in Lamphun sales increased 12% [11% in THB terms] and Jiaxing decreased by -13% [-15%] in 2023.

In 2023 IC assembly sales overall decreased by -20% [-21% in THB terms]. Specifically, IC AYT sales decreased -18% [-19%] and IC JXG USD sales decreased by -20% [-21% in THB terms]. Hana Technologies Inc. ‘HTI’, sales increased 12% [11% THB] for the year.