HANA Microelectronics Group. : Content Management
Press Releases

Group Consolidated Result Forth Quarter Ended [31th December, 2018]

Hana Microelectronics Public Company Limited
Fourth QUARTER ENDED 31st December, 2018

Hana Microelectronics Group 'Hana' Sales Revenue increased 5% year on year at THB 5.6 billion for the fourth
quarter of 2018 from THB 5.3 billion for the fourth quarter 2017. Sales Revenue in USD terms increased 5% to
USD 171m for Q4 2018 from USD 162m in Q4 2017. Operating Profits increased 21% to THB 645m in Q4
2018 from THB 531m in Q4 2017.


Quarter 4 2018 sales revenue for the group increased 5% year-on-year in USD terms to USD 171m from
USD 162m in Q417. The average exchange rate for Q418 was similar at THB/USD 32.8 from THB/USD
32.9 in Q417. As a result the sales revenue in THB terms also increased 5% year on year for the quarter.
Year-on-year, in USD terms, the microelectronics divisions sales increased by 6%. Sales in Lamphun increased
9% whilst Jiaxing decreased by 1%. The IC divisions sales revenues decreased 4% in Q418, with revenues
of the IC division in Ayutthaya increasing 9% and Jiaxing decreasing by 21%. "HTI" the Microdisplay/RFID
operation in Ohio sales revenue increased 6%.

Quarter-on-Quarter, in USD terms, sales for the group decreased 6% to USD 171m in Q418 from USD 182m in
Q318. In THB equivalent the group sales were down 7% in Q418 compared to Q318 due to the average
THB/USD exchange rate being 1% stronger at 32.8 in Q418 from 33.0 in Q318. Sales in the microelectronics
divisions decreased 3% with Lamphun decreasing 4% and Jiaxing increasing 1%. Sales revenues from the IC
divisions were 13% lower in Q418 with Ayutthaya sales decreasing 11% and Jiaxing IC sales decreasing by 28%.
The Microdisplay division sales increased 9% in Q418 compared to Q318.

The Gross Profit margin was 1 percentage points higher at 15% in Q418 up from Q417 at 14% due to higher
sales revenue.

Year-on-year operating profits, excluding R&D expenses, were 21% higher at THB 645m in Q418 compared to
THB 531m in Q417. The Operating margin was 2 percentage points higher at 12% in Q418 up from 10% in
Q417 due to higher gross margin and lower SGA expenses. SG&A expenses were 5% lower in Q418 from Q417
due to capitalisation of R&D expenses (THB 19m) in the quarter.