HANA Microelectronics Group. : Content Management
Press Releases

Group Consolidated Result First Quarter Ended [31th March, 2017]

Hana Microelectronics Public Company Limited
FIRST QUARTER ENDED 31st March, 2017

Hana Microelectronics Group 'Hana' Sales Revenue increased 10% year on year at THB 5.2 billion for the first quarter of
2017 from THB 4.7 billion for the first quarter 2016. Sales Revenue in USD terms increased by 12% to USD 149m
from USD 133m in Q1 2016. Operating Profits increased 89% to THB 588m in Q1 2017 from THB 311m in Q1 2016.


Quarter 1 2017 sales revenue for the group increased 12% year-on-year in USD terms, from USD 133m in Q116 to
USD 149m in Q117. The average exchange rate for Q117 was 2% stronger at THB/USD 35.1 from THB/USD
35.7 in Q116. As a result the sales revenue in THB terms increased 10% year on year for the quarter.

Year-on-year, the microelectronics divisions sales increased by 5% in USD terms. Sales in Lamphun increased
4% whilst JiaXing increased by 8%. The IC divisions USD sales revenues increased 10% in Q117, with revenues
of the IC division in Ayutthaya increasing by 9% and JiaXing increasing by 12%. "HMT" the microdisplay/RFID
operation in Ohio sales revenue increased 280%.

Quarter-on-Quarter Group sales decreased by 8% from USD 162m in Q416 to USD 149m in Q117. In THB
equivalent the group sales were down 9% in Q117 compared to Q416 due to the average THB/USD exchange rate
being 1% stronger at 35.1 in Q117 from 35.4 in Q416. Sales in the microelectronics division decreased 12% with
Lamphun decreasing 13% and JiaXing decreasing 11%. Sales revenues from the IC divisions were 3% lower in
Q117 with Ayutthaya sales decreasing by 3% and JiaXing IC sales decreasing by 4%. The microdisplay division
sales increased 7% in Q117 compared to Q416.

The Gross Profit margin was 16% in Q117 up from Q116 at 12% due to increased sales volume,
lower depreciation and lower facility expenses.

Year-on-year operating profits were 89% higher at THB 588m in Q117 compared to THB 311m in Q116. The
Operating margin was 11% in Q117 up 4% from 7% in Q116 due to higher gross margin (+4%). SG&A
expenses were 7% lower in Q117 than in Q116 due to lower other expenses. SG&A expenses in Q117 were 5%
lower than Q416.