Press Release

SK hynix Inc. Reports First Quarter 2013 Results

By April 24, 2013 December 7th, 2020 No Comments

The financial information of the earnings in this press release is written based on K-IFRS.

Seoul, April 24, 2013

SK hynix Inc. (or ‘the Company’, today announced financial results for its first quarter 2013 ended March 31, 2013.

The consolidated first quarter revenue was 2.78 trillion won increased 2% from 2.72 trillion won of the previous quarter due to an upward demand of PC and server DRAM although the quarter had been traditional off-season. Operating profit was 317 billion won with operating margin of 11%, significantly improved from the previous quarter of 55 billion won since process technology migration and yield improvement had increased the profitability of both DRAM and NAND Flash products.

Net income for the quarter was 179 billion won, increased 9% from 164 billion won in the previous quarter. It was a bit negatively impacted by net foreign currency effect due to weak South Korean won.

Quarter-over-quarter, DRAM bit shipments increased 3% and the average selling price also rose 4%. For NAND Flash, the bit shipments decreased 1% and the average selling price also declined 5%.

During the quarter, DRAM bit shipments improved more than expected due to increased demand of the PC and server products for data centers. Also, the average selling price of PC DRAM largely increased due to limited supply caused by the suppliers’ transition to the mobile products.

For NAND Flash, the bit shipments decreased since demand of eMMC had been weak due to declined demand for mobile IT gadgets. Despite the slow season, the average selling price drop was not significant thanks to relatively stable supply-demand.

SK hynix plans to strengthen its market competitiveness by arranging the product portfolio focused on the mobile products such as mobile DRAM, MCP and eMMC. Particularly, the Company will progress a technology migration to 20nm class for all the DRAM products including the mobile DRAM and will produce 10nm class NAND Flash in the second half this year.

FY2013 Q1 Earnings

Consolidated BasisUnit : Billion KRW

2013 Q1 2012 Q4 QoQ 2012 Q1 YoY
Revenue 2,781 2,718 2% 2,388 16%
Operating Profit 317 55 477% -264 N/A
Operating Profit Margint 11% 2% 9%p -11% 22%p
Net Income 179 164 9% -271 N/A

※ The financial information of the earnings is written based on K-IFRS.

Please note that the financial results discussed herein are preliminary and speak only as of March 31, 2013. 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.’s 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.

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”), Flash memory chips (“NAND Flash”) and CMOS Image Sensors (“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 SK hynix is available at



Media Contact

SK hynix Inc.
Public Relations

Assistant Manager
Heeyoung Son
Phone: +82.2.3459.5316

Senior Manager
Seong-Ae Park
Phone: +82.2.3459.5325