{"id":5088,"date":"2015-01-28T08:26:09","date_gmt":"2015-01-28T08:26:09","guid":{"rendered":"http:\/\/localhost:8080\/sk-hynix-inc-reports-fiscal-year-2014-and-fourth-quarter-results\/"},"modified":"2026-07-29T15:04:55","modified_gmt":"2026-07-29T06:04:55","slug":"sk-hynix-inc-reports-fiscal-year-2014-and-fourth-quarter-results","status":"publish","type":"post","link":"https:\/\/news.skhynix.com\/en\/sk-hynix-inc-reports-fiscal-year-2014-and-fourth-quarter-results\/","title":{"rendered":"SK hynix Inc. Reports Fiscal Year 2014 and Fourth Quarter Results"},"content":{"rendered":"

Seoul, January 28, 2015<\/strong>
\nSK hynix Inc. (or \u2018the Company\u2019, www.skhynix.com<\/a>) today announced financial results for its fiscal year 2014 and fourth quarter ended December 31, 2014. The Company set record highs for both yearly and quarterly results.<\/p>\n

The Company\u2019s consolidated sales of fiscal year 2014<\/strong> totaled 17.1 trillion won while operating profit<\/strong> amounted to 5.1 trillion won and net income<\/strong> was 4.2 trillion won. The Company has reported all-time high annual results for two consecutive years. Operating margi<\/strong>n for the year was 30% and net margin<\/strong> was 24%.<\/p>\n

The Company increased its year-on-year revenue by 21%, the operating profit by 51% and the net income as much as 46%. Stable market environment helped as well as the Company enhanced profitability in its products portfolio and cost competitiveness through process technology migration.<\/p>\n

Consolidated fourth quarter revenue<\/strong> was 5.1 trillion won while operating profit<\/strong> amounted to 1.67 trillion won with operating margin<\/strong> of 32%. Net income<\/strong> for the quarter was 1.62 trillion won with net margin<\/strong> of 32%. The operating profit rose 28% quarterly as the Company improved the profitability in DRAM and NAND Flash product groups.<\/p>\n

Quarter-over-quarter, DRAM bit shipments increased 18% but the average selling price dropped 3%. The shipments grew as the Company elevated its portion of 2ynm DRAM to high-40% as well as its sales in PC and server DRAMs which drew steady demand.<\/p>\n

For NAND Flash, the bit shipments increased 30% but the average selling price dropped 8%. The shipments rose owing to grown demand according to releases of new mobile gadgets and expanded proportion of 1xnm NAND Flash.<\/p>\n

SK hynix will mass produce 2znm DRAM within the first half of this year to continue to strengthen the cost competitiveness. Also, the Company is to preemptively respond to DDR4 adoption mainly in server and mobile DRAMs by expanding its DDR4 portion to 50% in those DRAM segments by the end of the year.<\/p>\n

For NAND Flash, SK hynix will mass produce TLC products in a full-scale within the first half and increase sales of NAND application solutions to enhance the profitability. Plus, the Company plans to secure its productivity in 3D NAND Flash in the latter half to get ready for upcoming market demand.<\/p>\n

FY2014 Earnings<\/strong><\/p>\n

Consolidated Basis<\/span>Unit : Billion KRW<\/span><\/p>\n\n\n\n\n\n\n\n
<\/td>\n2014<\/td>\n2013<\/td>\nYoY<\/td>\n<\/tr>\n
Revenue<\/strong><\/td>\n17,126<\/span><\/td>\n14,156<\/td>\n21%<\/td>\n<\/tr>\n
Operating Profit<\/strong><\/td>\n5,109<\/span><\/td>\n3,380<\/td>\n51%<\/td>\n<\/tr>\n
Operating Profit Margin<\/strong><\/td>\n30%<\/span><\/td>\n24%<\/td>\n6%p<\/td>\n<\/tr>\n
Net Income<\/strong><\/td>\n4,195<\/span><\/td>\n2,873<\/td>\n46%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u203b The financial information of the earnings is written based on K-IFRS.<\/p>\n

FY2014 Q4 Earnings<\/strong><\/p>\n

Consolidated Basis<\/span>Unit : Billion KRW<\/span><\/p>\n\n\n\n\n\n\n\n
<\/td>\n2014 Q4<\/td>\n2014 Q3<\/td>\nQoQ<\/td>\n2013 Q4<\/td>\nYoY<\/td>\n<\/tr>\n
Revenue<\/strong><\/td>\n5,148<\/span><\/td>\n4,312<\/td>\n19%<\/td>\n3,368<\/td>\n53%<\/td>\n<\/tr>\n
Operating Profit<\/strong><\/td>\n1,667<\/span><\/td>\n1,301<\/td>\n28%<\/td>\n785<\/td>\n112%<\/td>\n<\/tr>\n
Operating Profit Margin<\/strong><\/td>\n32%<\/span><\/td>\n30%<\/td>\n2%p<\/td>\n23%<\/td>\n9%p<\/td>\n<\/tr>\n
Net Income<\/strong><\/td>\n1,624<\/span><\/td>\n1,095<\/td>\n48%<\/td>\n789<\/td>\n106%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u203b The financial information of the earnings is written based on K-IFRS.<\/p>\n

Please note that the financial results discussed herein are preliminary and speak only as of December 31, 2014. Readers should not assume that this information remains operative at a later time. In addition, this information may include forward-looking statements that involve a variety of risks and uncertainties that could cause actual results to differ materially. For further discussion of these risks and uncertainties, readers should refer to SK hynix Inc.\u2019s filings with the Korea Exchange. This document is neither an offer to sell nor a solicitation of an offer to sell any security of SK hynix Inc.<\/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 Flash\u201d) and 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>.<\/p>\n

\u00a0<\/p>\n

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

Assistant Manager
\nHeeyoung Son
\nPhone: +82.2.3459.5316
\nE-Mail: heeyoung.son@sk.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Seoul, January 28, 2015 SK hynix Inc. (or \u2018the Company\u2019, www.skhynix.com) today announced financial results for its fiscal year 2014 and fourth quarter ended December 31, 2014. The Company set record highs for both yearly and quarterly results. The Company\u2019s consolidated sales of fiscal year 2014 totaled 17.1 trillion won while operating profit amounted to [\u2026]<\/p>\n","protected":false},"author":23,"featured_media":3393,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_migrated_source_id":1294,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[7,4],"tags":[523,405],"class_list":["post-5088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ir","category-press","tag-523","tag-results"],"acf":[],"_links":{"self":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/5088","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=5088"}],"version-history":[{"count":3,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/5088\/revisions"}],"predecessor-version":[{"id":6615,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/5088\/revisions\/6615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/media\/3393"}],"wp:attachment":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/media?parent=5088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/categories?post=5088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/tags?post=5088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}