HANA Microelectronics Group. : Content Management
Press Releases

Group Consolidated Result Second Quarter Ended [30th June, 2020]

Hana Microelectronics Public Company Limited
Second QUARTER ENDED 30th June, 2020

Hana Microelectronics Group 'Hana' Sales Revenue decreased 11% year on year to THB 4.6 billion for the second
quarter of 2020 from THB 5.2 billion for the second quarter 2019. Sales Revenue in USD terms decreased 12% to
USD 144m for Q2 2020 from USD 163m in Q2 2019. Operating Profits increased 16% to THB 476m in Q2 2020
from THB 409m in Q2 2019.

Quarter 2 2020 sales revenue for the group decreased 12% year-on-year in USD terms to USD 144m from
USD 163m in Q219. The average exchange rate for Q220 was 1% weaker at THB/USD 32.0 from THB/USD
31.6 in Q219. As a result the sales revenue in THB terms decreased 11% year on year for the quarter.

Year-on-year, in USD terms, the microelectronics divisions sales decreased by 16%. Sales in Lamphun decreased
20% whilst Jiaxing decreased by 2%. The IC divisions sales revenues decreased 7% in Q220, with revenues
of the IC division in Ayutthaya decreasing 6% and Jiaxing decreasing by 10%. "HTI" the Microdisplay/RFID
operation in Ohio sales revenue decreased 24% in Q220 from Q219.

Quarter-on-Quarter, in USD terms, sales for the group decreased 3% to USD 143m in Q220 from USD 147m in
Q120. In THB equivalent the group sales were down similar in Q220 compared to Q120.

Sales in the microelectronics divisions decreased 6% with Lamphun decreasing 19% and Jiaxing increasing 56%.
Sales revenues from the IC divisions were similar in Q220 to Q120 with Ayutthaya sales decreasing 4% and Jiaxing IC
sales increasing by 42%. The Microdisplay division sales increased 26% in Q220 compared to Q120.
The Gross Profit margin was 2 percentage points higher at 15% in Q220 up from Q219 at 13% due to the
THB/USD exchange rate 1% weaker than Q219 and lower wages and salary costs.

Year-on-year operating profits, were 16% higher at THB 476m in Q220 compared to THB 409m in Q219. The
Operating margin was 2 percentage points higher at 10% in Q220 up from 8% in Q219 due to higher gross
margin +2%. SG&A expenses were 9% lower in Q220 from Q219.