Hana Microelectronics Pcl. (SET: HANA) has announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Yearly | 2021 | 2020 |
| Net Profit (Loss) Thousand Baht |
1,545,313 |
1,907,741 |
| Earning Per Share THB |
1.92 |
2.37 |
| Change |
-19% |
|
Net Profit decreased by 19% to THB 1,545m in 2021 from THB 1,908m in 2020 due to higher bonuses, higher R&D costs, exchange loss of difference of THB 444m and exceptional item of THB 420m (USD 12.7m) write-down of balance of Credit Suisse Supply Chain fund in Q421.
Revenue increased 23% year on year, at THB 23.8 billion in year 2021 from THB 19.3 billion in year 2020. Sales Revenue in USD terms increased by 21% to USD 743m in 2021 from USD 616m in 2020. Earnings from Operations increased 29% to THB 2,219m in 2021 from 1,725m in 2020.
Gross profit increased by THB 739m with the gross margin being 14% in 2021 up 1 percentage points from 13% in 2020. +1% points higher gross margin due to greater economies of scale from higher revenues in 2021.
Capital expenditure was THB 3,895m in 2021, THB 1,055m in 2020, and THB 1,076m in 2019. CAPEX was higher than in 2020 due to the higher capital expenditure from Ayutthaya plant compared to recent years due to the demand recovery in 2021, COVID-19 pandemic starting in 2020 and weakening in the semiconductor industry in 2019. Higher capital expenditure from development in IC division in Korea.
Generally, capital expenditure for production equipment will follow the increase in sales, particularly in the IC division. However, there is a 6 to 12 month time lag due to the ordering lead time. Plant expansion will depend on the current building utilisation and lead time to construct new plant or expand in an existing plant.
