{"id":4761,"date":"2020-01-31T22:00:07","date_gmt":"2020-01-31T22:00:07","guid":{"rendered":"http:\/\/localhost:8080\/sk-hynix-inc-reports-fiscal-year-2019-and-fourth-quarter-results\/"},"modified":"2026-07-20T08:59:50","modified_gmt":"2026-07-20T08:59:50","slug":"sk-hynix-inc-reports-fiscal-year-2019-and-fourth-quarter-results","status":"publish","type":"post","link":"https:\/\/news.skhynix.com\/en\/sk-hynix-inc-reports-fiscal-year-2019-and-fourth-quarter-results\/","title":{"rendered":"SK hynix Inc. Reports Fiscal Year 2019 and Fourth Quarter Results"},"content":{"rendered":"

Seoul, January 31, 2020<\/strong>
\nSK hynix Inc. (or \u2018the Company\u2019, www.skhynix.com<\/a>) today announced financial results for its fiscal year 2019 and fourth quarter ended on December 31, 2019. The consolidated revenue of fiscal year 2019 <\/strong>was KRW 26.99 trillion won while the operating profit<\/strong> amounted to 2.71 trillion won, and the net income<\/strong> 2.02 trillion won. Operating margin <\/strong>for the year was 10% and net margin<\/strong> was 7%.<\/p>\n

In order to respond to changing market conditions, SK hynix proactively adjusted both investment and output level last year to maximize business management efficiency. However, amid increasing global economic uncertainty, the increase of inventory burden and conservative purchasing policies on the side of the customers led to a slowdown in demand as well as price falls. As a result, the Company\u2019s earnings decreased year-over-year (YoY).<\/p>\n

The consolidated fourth quarter revenue<\/strong> was 6.93 trillion won, while the operating profit<\/strong> amounted to 236 billion won with operating margin<\/strong> of 3%, and the net loss<\/strong> 118 billion won. Despite bearish US dollar, SK hynix\u2019s fourth quarter revenue increased by 1% quarter-over-quarter (QoQ) as the Company actively responded to demand recovery. However, the fourth quarter operating income decreased by 50% QoQ, due to the relatively low profitability of the product lines, the proportion of which had expanded to meet demand increase, and the cost burden of new technology migration.<\/p>\n

DRAM bit shipments increased by 8% QoQ, and the average selling price dropped by 7%. NAND Flash bit shipments increased by 10% QoQ, and the average selling price remained stable.<\/p>\n

While SK hynix sees the recent improvement in demand flows positively, the Company will carry out more prudent production and investment strategies, as complexities and uncertainties still remain much higher than in the past. As such, the Company aims to improve technology maturity rapidly in the process of technology migration and prepare for next-generation products, accelerating cost reduction.<\/p>\n

For DRAM, SK hynix plans to increase the proportion of 1Ynm products and focus on markets which are expected to grow, such as LPDDR5. Additionally, the Company will begin mass-production of 1Znm products within 2020.<\/p>\n

For NAND Flash, SK hynix will continuously increase the proportions of 96-layer products and SSD sales. The Company will also start mass-production of 128-layer products this year and aim to increase the sales in the high-density solution market.<\/p>\n

SK hynix announced the new dividend policy in order to improve the predictability of the stakeholder return and reflect earnings fluctuations. The Company will fix the minimum dividend per share at 1,000 won, and pay out 5% of the annual free cash flow. According to the new policy, SK hynix\u2019s dividends per share in 2019 is determined 1,000 won, considering that the Company\u2019s free cash flow was below zero in fiscal year 2019.<\/p>\n

<\/p>\n

\"\"<\/p>\n

About SK hynix Inc.<\/strong>
\nSK hynix Inc., headquartered in Korea, is the world\u2019s top tier semiconductor supplier offering Dynamic Random Access Memory chips (\u201cDRAM\u201d), Flash memory chips (\u201cNAND\u00a0Flash\u201d)\u00a0and CMOS Image Sensors (\u201cCIS\u201d) for a wide range of distinguished customers globally. The Company\u2019s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK hynix is available at www.skhynix.com<\/a>, news.skhynix.com<\/a>.<\/p>\n

\u00a0<\/p>\n

Media Contact<\/strong>
\nSK hynix Inc.
\nGlobal Public Relations<\/p>\n

Technical Leader
\nHyun Kyung Olivia Lee
\nE-Mail: global_newsroom@skhynix.com<\/a><\/p>\n

Technical Leader
\nJae Hwan Kevin Kim
\nE-Mail: global_newsroom@skhynix.com<\/a><\/p>\n

Technical Leader
\nEun Suk Yixi Lee
\nE-Mail: global_newsroom@skhynix.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Seoul, January 31, 2020 SK hynix Inc. (or \u2018the Company\u2019, www.skhynix.com) today announced financial results for its fiscal year 2019 and fourth quarter ended on December 31, 2019. The consolidated revenue of fiscal year 2019 was KRW 26.99 trillion won while the operating profit amounted to 2.71 trillion won, and the net income 2.02 trillion [\u2026]<\/p>\n","protected":false},"author":23,"featured_media":4759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_migrated_source_id":4461,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[7,4],"tags":[404,406,355,405],"class_list":["post-4761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ir","category-press","tag-404","tag-4q","tag-financial-results","tag-results"],"acf":[],"_links":{"self":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/4761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/comments?post=4761"}],"version-history":[{"count":2,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/4761\/revisions"}],"predecessor-version":[{"id":11389,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/4761\/revisions\/11389"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/media\/4759"}],"wp:attachment":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/media?parent=4761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/categories?post=4761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/tags?post=4761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}