Seoul, January 27th, 2011
hynix Semiconductor Inc. (‘hynix’, www.hynix.com) today announced the earnings for fiscal year 2010 and its fourth quarter ended December 31st, 2010.
Consolidated sales of fiscal year 2010 amounted to 12.1 trillion won increased by 53% from 7.91 trillion won of 2009. Operating profit totaled 3.27 trillion won increased by 1,605% from 192 billion won in 2009. Net income for the year amounted to 2.66 trillion won from the loss of 333 billion won of the previous year. The figures of sales, operating profit and net income are the highest records thanks to the generation-ahead technology leadership and profitable product portfolio.
Consolidated sales of the fourth quarter totaled 2.75 trillion won, a decrease from 3.25 trillion won in the third quarter.
Quarter-over-quarter, DRAM average selling price of the fourth quarter declined 28% while the bit shipment climbed by 18%. NAND Flash average selling price declined by 12% while bit shipment increased by 32% quarter-over-quarter.
Operating profit of the fourth quarter was 418 billion won with operating margin of 15%, decreased from the previous quarter’s 1.01 trillion won with operating margin of 31%. Net income for the quarter was 110 billion won decreased by 90% compared with 1.06 trillion won of the previous quarter. Net income was negatively impacted by net interest expense and non-operating expense, mainly from the lost legal case.
FY2010 Earnings
Consolidated BasisUnit : Billion KRW
| 2010 | 2009 | YoY | |
| Revenue | 12,099 | 7,906 | 53% |
|---|---|---|---|
| Operating Profit | 3,273 | 192 | 1,605% |
| Operating Profit Margint | 27% | 2% | 25%p |
| Net Income | 2,656 | -333 | N/A |
Parent Company BasisUnit : Billion KRW
| 2010 | 2009 | YoY | |
| Revenue | 11,973 | 7,521 | 59% |
|---|---|---|---|
| Operating Profit | 3,089 | -116 | N/A |
| Operating Profit Margint | 26% | -2% | 28%p |
| Net Income | 2,648 | -348 | N/A |
FY2010 Q4 Earnings
Consolidated BasisUnit : Billion KRW
| 2010 Q4 | 2010 Q3 | QoQ | 2009 Q4 | YoY | |
| Revenue | 2,748 | 3,250 | -15% | 2,799 | -2% |
|---|---|---|---|---|---|
| Operating Profit | 418 | 1,011 | -59% | 708 | -41% |
| Operating Profit Margint | 15% | 31% | -16%p | 25% | -10%p |
| Net Income | 110 | 1,060 | -90% | 657 | -83% |
Parent Company BasisUnit : Billion KRW
| 2010 Q4 | 2010 Q3 | QoQ | 2009 Q4 | YoY | |
| Revenue | 2,663 | 3,274 | -19% | 2,667 | 0% |
|---|---|---|---|---|---|
| Operating Profit | 318 | 992 | -68% | 593 | -46% |
| Operating Profit Margint | 12% | 30% | -18%p | 22% | -10%p |
| Net Income | 110 | 1,061 | -90% | 652 | -83% |
Please note that the financial results discussed herein are preliminary and speak only as of December 31, 2010.
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 hynix Semiconductor Inc.’s filings whit the Korea Exchange. This document is neither an offer to sell nor a solicitation of an offer to sell any security of hynix
About hynix Semiconductor Inc.
hynix Semiconductor Inc. (HSI) of Icheon, Korea, is the world’s top tier memory semiconductor supplier offering Dynamic Random Access Memory chips (“DRAMs”) , Flash memory chips (“NAND Flash”) and CMOS Image Sensor (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about hynix is available at www.hynix.com.
Media Contact
SK hynix Inc.
CORPORATE COMMUNICATIONS
Assistant Manager
Seong-Ae Park
Phone: +82.2.3459.5325
Fax: +82.2.3459.5333
E-Mail: seongae.park@hynix.com
