Press Release

SK hynix Inc. Reports First Quarter 2014 Results

By April 24, 2014 December 7th, 2020 No Comments

Seoul, April 24, 2014

SK hynix Inc. (or ‘the Company’, today announced financial results for its first quarter 2014 ended March 31, 2014.

Despite seasonal weak demand of mobile devices and depressed NAND Flash market, the consolidated first quarter revenue was 3.74 trillion won risen 11% from 3.37 trillion won of the previous quarter. It was thanks to increased DRAM sales owing to fully recovered Wuxi fab and favorable DRAM prices. Operating profit totaled 1.06 trillion won with operating margin of 28% increased 35% from 785 billion won of the previous quarter. It went over 1 trillion won again after 1.16 trillion won of the third quarter 2013.

Net income for the quarter amounted to 802 billion won with net margin of 21%, which was negatively impacted by net foreign currency due to weak South Korean won. In summary, the results surpassed market forecasts while exceeding those of the previous quarter and the same period of last year in all the sectors.

Quarter-over-quarter, DRAM bit shipments increased 20% and the average selling price remained stable. The shipments increased thanks to normalized Wuxi fab and the average selling price stabilized due to increased demand from clients who wanted to secure stable inventory level.

For NAND Flash, the bit shipments and the average selling price dropped 8% and 14% respectively. Both declined as the demand was weak due to seasonal effect.

SK hynix will mass produce 2Ynm PC and server DRAM products in a full-scale from the second quarter and apply this process technology to its mobile DRAM in the second half. Plus, the Company will increase the proportion of mobile DRAM production to catch up with demand recovery of mobile devices. For NAND Flash, the Company is to expand the proportion of 1Xnm to focus on improving productivity and production cost and will supply samples of TLC and 3D products after completing the development of those within this year.

FY2014 Q1 Earnings

Consolidated BasisUnit : Billion KRW

2014 Q1 2013 Q4 QoQ 2013 Q1 YoY
Revenue 3,743 3,368 11% 2,781 35%
Operating Profit 1,057 785 35% 317 234%
Operating Profit Margint 28% 23% 5%p 11% 17%p
Net Income 802 789 2% 179 349%

※ 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, 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.’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