| 2023 | 2022 | 2021 | 2020 |
|---|
| Revenues | 26,590.87 | 27,655.51 | 24,137.00 | 19,672.68 |
| Expenses | 24,831.25 | 25,197.23 | 22,371.67 | 17,971.06 |
| Net Profit (Loss) | 1,760.57 | 2,102.07 | 1,545.31 | 1,907.74 |
| Assets | 35,305.96 | 29,703.41 | 27,852.97 | 25,180.13 |
| Liabilities | 6,159.24 | 5,841.27 | 4,794.87 | 3,566.52 |
| Shareholders' Equity | 29,146.72 | 23,862.14 | 23,058.09 | 21,613.61 |
| Operating | 3,250.29 | 1,341.72 | 907.50 | 2,905.23 |
| Investing | -3,412.62 | -1,168.96 | -2,939.39 | -1,560.68 |
| Financing | 5,073.01 | -1,218.33 | -1,419.92 | -1,571.20 |
| EPS (Baht) | 2.14 | 2.61 | 1.92 | 2.37 |
| GP Margin (%) | 11.39 | 13.48 | 13.82 | 13.22 |
| NP Margin (%) | 6.62 | 7.60 | 6.40 | 9.70 |
| D/E Ratio (x) | 0.21 | 0.24 | 0.21 | 0.17 |
| ROE (%) | 6.64 | 8.96 | 6.92 | 9.05 |
| ROA (%) | 5.84 | 7.72 | 6.05 | 7.41 |
Hana will increase our investment in capacity, facility and capability at all locations to keep up with evolving customer needs and demands. The expansion will be based on the industry momentum and customer needs. We will however continue to support investments in capability and technology.
Hana shall conduct our business with respect to Environmental, Social and Governance (ESG) responsibilities, as well as creating value for our stakeholders and further contributing to society whilst minimizing the impact to the environment. We shall uphold the importance of protecting human rights and consumer rights, environmental management, compliance with applicable laws, regulations and contribution to community development for long-term success of the Company, society and stakeholders.
The microelectronics divisions (PCBA) sales revenue remained stable in automotive and industrials, but medical dropped in Q4/2023 and commercial and mobile remained weak. RFID inlays and tyre tags had strong demand. RFID tyre tags sales increased as market adoption of RFID tyre tags for trucks increases. Demand for Hana proprietary UHF RFID inlays also continued to grow. The IC Assembly & Test divisions sales remained weak due to the continuing downturn in the semiconductor cycle. In regards to power IC devices, demand remained weak for Silicon (Si) devices but the demand was firm for Silicon Carbide (SiC) power devices.
Hana Microelectronics Group 'Hana' Sales Revenue decreased -4% year on year, to THB 26,152 million in year 2023 from THB 27,167 million in year 2022. Sales Revenue in USD terms decreased by -3% to USD 751 million in 2023 from USD 775 million in 2022. Earnings from Operations decreased -26% to THB 1,787 million in 2023 from THB 2,422 million in 2022.
Net Profit decreased by -16% to THB 1,761 million in 2023 from THB 2,102 million in 2022 due to a downturn in the semiconductor cycle in 2023 and inventory adjustment at IC Korea
On 19th October, 2023 the company issued 80,487,800 ordinary shares at THB 57.00 per share, raising THB 4.6 billion through a private placement. Subsequently, the Company's registered share capital is 885,366,746 ordinary shares and paid-up capital is 885,366,660 ordinary shares at par value of Baht 1.00.
The Company is to ensure the appropriate systems of risk management in line with the Company’s objectives and strategies and intend to identify, control and promote the mitigation of risks. The risk management framework is to identify risks, assess and prioritize those risks, set up a proactive monitoring process that will focus on mitigating risks and regularly report to the Board of Directors.
2023 5-Star CGR Rating of “Excellent” from Thai Institute of Directors Association (IOD) for the 10th consecutive year, reaffirming Hana’s continuous development of good corporate governance to steer the organization towards sustainable growth and enhance investor confidence.
ESG100 Certificate 2023 from Thaipat Institute. Hana’s outstanding sustainability performance on Environmental, Social and Governance (ESG) was recognized by Thaipat Institute as one amongst selected 100, out of 888 listed companies assessed for the year 2023. This assessment reflects our commitment and success in integrating ESG with our business strategy toward sustainability.
2023 SET ESG Ratings of “AA” from the Stock Exchange of Thailand (SET), the award was formerly known as Thailand Sustainable Investment (THSI). The result underscores Hana’s sustainable business operation on the basis of good corporate governance principles with social and environmental responsibility.
Thailand’s Top Corporate Brands 2023 from Chulalongkorn University, the Stock Exchange of Thailand (SET) and the Manager Media group. Hana has been selected as the outstanding company with the highest corporate brand value in Thailand for the year 2023 in electronic components sector which Hana’s brand value is THB 13,938 million worth.
| as of 28/12/23 | HANA | ETRON | SET |
|---|---|---|---|
| P/E (X) | 17.39 | 49.14 | 18.42 |
| P/BV (X) | 1.57 | 8.34 | 1.36 |
| Dividend yield (%) | 1.71 | 0.70 | 3.32 |
| 28/12/23 | 30/12/22 | 30/12/21 | |
|---|---|---|---|
| Market Cap (MB) | 47,145.77 | 41,451.26 | 71,231.78 |
| Price (B/Share) | 53.25 | 51.50 | 88.50 |
| P/E (X) | 17.39 | 42.73 | 30.92 |
| P/BV (X) | 1.57 | 1.74 | 2.98 |
