{"id":5119,"date":"2013-01-30T09:55:53","date_gmt":"2013-01-30T09:55:53","guid":{"rendered":"http:\/\/localhost:8080\/sk-hynix-inc-reports-fourth-quarter-and-fiscal-year-2012-results\/"},"modified":"2026-07-29T15:05:08","modified_gmt":"2026-07-29T06:05:08","slug":"sk-hynix-inc-reports-fourth-quarter-and-fiscal-year-2012-results","status":"publish","type":"post","link":"https:\/\/news.skhynix.com\/en\/sk-hynix-inc-reports-fourth-quarter-and-fiscal-year-2012-results\/","title":{"rendered":"SK hynix Inc. Reports Fourth Quarter and Fiscal Year 2012 Results"},"content":{"rendered":"

The financial information of the earnings in this press release is written based on K-IFRS.<\/strong><\/p>\n

Seoul, January 30, 2013<\/strong>
\nSK hynix Inc. (or \u2018the Company\u2019, www.skhynix.com<\/a>) today announced financial results for its fourth quarter and fiscal year 2012 ended December 31, 2012.<\/p>\n

The Company posted the consolidated fourth quarter revenue of 2.72 trillion won increased 12% from 2.42 trillion won of the previous quarter due to strong seasonal demand. Operating profit was 55 billion won with operating margin of 2%, turning around from the previous quarter\u2019s loss of 24 billion won thanks to process technology migration and increased sales of premium DRAM and NAND solution products.<\/p>\n

Net income for the quarter was 164 billion won, increased largely from 2 billion won in the previous quarter. It was positively impacted by net foreign currency effect due to strong South Korean won.<\/p>\n

Quarter-over-quarter, DRAM bit shipments increased 28% but the average selling price declined 10%. For NAND Flash, the bit shipments increased 19% and the average selling price also rose 6%.<\/p>\n

During the quarter, DRAM bit shipments dramatically increased due to strong demand of the mobile and server products and increased sales of low-price tablets in emerging markets. However, the average selling price of DRAM decreased due to the weak PC demand. Meanwhile, the portion of mobile DRAM products which represented 40% of the DRAM sales helped minimize the impact of a drop in the price of PC DRAM. Also, the yield improvement of 20nm class DRAM contributed to raise the profitability.<\/p>\n

For NAND Flash, the bit shipments increased due to release of brand-new smartphones, tablets and growth of smartphone market in China. Also, limited supply by manufacturers and the sales of the solution products which accounted for more than 87% of total NAND Flash units contributed to the profitability.<\/p>\n

Consolidated sales of fiscal year 2012 totaled 10.2 trillion won decreased by 2% from 10.4 trillion won of 2011. Operating loss amounted to 227 billion won swung from the operating profit of 369 billion in 2011. Net loss for the year was 159 billion won. In spite of the difficult market situation, the Company continued the annual revenue over 10 trillion won and produced relatively favorable results compared to other manufacturers.<\/p>\n

SK hynix will enhance its technology competitiveness by starting the mass production of 20nm class mobile DRAM and completing the development of 10nm class NAND Flash in the first half as well as completing the development of 3D NAND Flash within the year. Particularly, it will improve its competitiveness by increasing the proportion of mobile products. It includes growth in the portion of mobile DRAM expected to become a main item in unit sales of DRAM this year and eMMC with increasing demand of mobile IT applications.<\/p>\n

FY2012 Q4 Earnings<\/strong><\/p>\n

Consolidated Basis<\/span>Unit : Billion KRW<\/span><\/p>\n\n\n\n\n\n\n\n
<\/td>\n2012 Q4<\/td>\n2012 Q3<\/td>\nQoQ<\/td>\n2011 Q4<\/td>\nYoY<\/td>\n<\/tr>\n
Revenue<\/strong><\/td>\n2,718<\/span><\/td>\n2,423<\/td>\n12%<\/td>\n2,553<\/td>\n6%<\/td>\n<\/tr>\n
Operating Profit<\/strong><\/td>\n55<\/span><\/td>\n-24<\/td>\nN\/A<\/td>\n-106<\/td>\nN\/A<\/td>\n<\/tr>\n
Operating Profit Margint<\/strong><\/td>\n2%<\/span><\/td>\n-1%<\/td>\n3%p<\/td>\n-4%<\/td>\n6%p<\/td>\n<\/tr>\n
Net Income<\/strong><\/td>\n164<\/span><\/td>\n2<\/td>\n7,921%<\/td>\n-240<\/td>\nN\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

FY2012 Earnings<\/strong><\/p>\n

Consolidated Basis<\/span>Unit : Billion KRW<\/span><\/p>\n\n\n\n\n\n\n\n
<\/td>\n2012<\/td>\n2011<\/td>\nYoY<\/td>\n<\/tr>\n
Revenue<\/strong><\/td>\n10,162<\/span><\/td>\n10,396<\/td>\n-2%<\/td>\n<\/tr>\n
Operating Profit<\/strong><\/td>\n-227<\/span><\/td>\n369<\/td>\nN\/A<\/td>\n<\/tr>\n
Operating Profit Margint<\/strong><\/td>\n-2%<\/span><\/td>\n4%<\/td>\n-6%p<\/td>\n<\/tr>\n
Net Income<\/strong><\/td>\n-159<\/span><\/td>\n-56<\/td>\n-184%<\/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, 2012. 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.
\nCorporate Communications<\/p>\n

Senior Manager
\nSeong-Ae Park
\nPhone: +82.2.3459.5325
\nE-Mail: seongae.park@sk.com<\/a><\/p>\n

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

The financial information of the earnings in this press release is written based on K-IFRS. Seoul, January 30, 2013 SK hynix Inc. (or \u2018the Company\u2019, www.skhynix.com) today announced financial results for its fourth quarter and fiscal year 2012 ended December 31, 2012. The Company posted the consolidated fourth quarter revenue of 2.72 trillion won increased [\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":1727,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[7,4],"tags":[537,405],"class_list":["post-5119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ir","category-press","tag-537","tag-results"],"acf":[],"_links":{"self":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/5119","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=5119"}],"version-history":[{"count":3,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/5119\/revisions"}],"predecessor-version":[{"id":6633,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/5119\/revisions\/6633"}],"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=5119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/categories?post=5119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/tags?post=5119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}