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/C O R R E C T I O N -- SK hynix Inc./

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SK hynix reported exceptional financial results for FY2024, achieving record-breaking performance with revenues of 66.1930 trillion won, operating profit of 23.4673 trillion won (35% margin), and net profit of 19.7969 trillion won (30% margin). The yearly revenues surpassed the previous 2022 record by over 21 trillion won.

Fourth quarter performance showed strong growth with revenues increasing 12% to 19.7670 trillion won, operating profit up 15% to 8.0828 trillion won (41% margin), and net profit of 8.0065 trillion won. This success was driven by sustained AI memory demand, particularly HBM technology which represented over 40% of total DRAM revenue.

The company's financial position strengthened significantly, with cash equivalents increasing by 5.2 trillion won to 14.2 trillion won and debt decreasing by 6.8 trillion won to 22.7 trillion won by end-2024. SK hynix also increased its annual fixed dividend by 25% to 1,500 won per share.

SK hynix ha riportato risultati finanziari eccezionali per l'anno fiscale 2024, registrando una performance da record con ricavi pari a 66.1930 trilioni di won, un utile operativo di 23.4673 trilioni di won (margine del 35%) e un utile netto di 19.7969 trilioni di won (margine del 30%). I ricavi annuali hanno superato il precedente record del 2022 di oltre 21 trilioni di won.

Le performance del quarto trimestre hanno mostrato una forte crescita con i ricavi in aumento del 12% a 19.7670 trilioni di won, l'utile operativo in rialzo del 15% a 8.0828 trilioni di won (margine del 41%) e un utile netto di 8.0065 trilioni di won. Questo successo è stato guidato dalla domanda sostenuta di memoria per AI, in particolare dalla tecnologia HBM che ha rappresentato oltre il 40% del totale dei ricavi DRAM.

La posizione finanziaria dell'azienda è migliorata significativamente, con le disponibilità liquide che sono aumentate di 5,2 trilioni di won, raggiungendo 14,2 trilioni di won e il debito che è diminuito di 6,8 trilioni di won, portandosi a 22,7 trilioni di won entro la fine del 2024. SK hynix ha anche aumentato il suo dividendo fisso annuale del 25% a 1.500 won per azione.

SK hynix reportó resultados financieros excepcionales para el año fiscal 2024, logrando un rendimiento récord con ingresos de 66.1930 billones de won, un beneficio operativo de 23.4673 billones de won (margen del 35%) y un beneficio neto de 19.7969 billones de won (margen del 30%). Los ingresos anuales superaron el récord anterior de 2022 en más de 21 billones de won.

El rendimiento del cuarto trimestre mostró un fuerte crecimiento, con ingresos aumentando un 12% a 19.7670 billones de won, un beneficio operativo que subió un 15% a 8.0828 billones de won (margen del 41%) y un beneficio neto de 8.0065 billones de won. Este éxito fue impulsado por la sostenida demanda de memoria para IA, especialmente la tecnología HBM, que representó más del 40% de los ingresos totales de DRAM.

La posición financiera de la empresa se fortaleció significativamente, con equivalentes de efectivo aumentando en 5.2 billones de won, alcanzando los 14.2 billones de won y la deuda disminuyendo en 6.8 billones de won, situándose en 22.7 billones de won a finales de 2024. SK hynix también incrementó su dividendo fijo anual en un 25% a 1,500 won por acción.

SK hynix는 2024 회계연도에 대한 특별한 재무 실적을 보고했으며, 66.1930 조 원의 매출, 23.4673 조 원의 운영 이익(35% 마진), 19.7969 조 원의 순이익(30% 마진)으로 기록적인 성과를 달성했습니다. 연간 매출은 2022년의 이전 기록을 21 조 원 이상 초과했습니다.

4분기 성과는 매출이 12% 증가하여 19.7670 조 원에 이르고, 운영 이익은 15% 증가하여 8.0828 조 원(41% 마진)으로, 순이익은 8.0065 조 원에 달하는 강력한 성장을 보여주었습니다. 이러한 성공은 지속적인 AI 메모리 수요, 특히 총 DRAM 매출의 40% 이상을 차지한 HBM 기술에 의해 주도되었습니다.

회사의 재무 상태는 크게 개선되어 현금 등가물이 5.2 조 원 증가하여 14.2 조 원에 달하고, 부채는 6.8 조 원 감소하여 2024년 말까지 22.7 조 원으로 줄어들었습니다. SK hynix는 연간 고정 배당금을 25% 증가시켜 주당 1,500 원으로 책정했습니다.

SK hynix a rapporté des résultats financiers exceptionnels pour l'exercice fiscal 2024, atteignant une performance record avec des revenus de 66.1930 billions de wons, un bénéfice d'exploitation de 23.4673 billions de wons (marge de 35%) et un bénéfice net de 19.7969 billions de wons (marge de 30%). Les revenus annuels ont dépassé le précédent record de 2022 de plus de 21 billions de wons.

Les performances du quatrième trimestre ont montré une forte croissance, avec des revenus en hausse de 12% à 19.7670 billions de wons, un bénéfice d'exploitation en augmentation de 15% à 8.0828 billions de wons (marge de 41%), et un bénéfice net de 8.0065 billions de wons. Ce succès a été soutenu par une demande continue de mémoire pour IA, en particulier la technologie HBM qui représentait plus de 40% des revenus totaux de DRAM.

La position financière de l'entreprise s'est considérablement renforcée, avec des équivalents de trésorerie augmentant de 5,2 billions de wons pour atteindre 14,2 billions de wons et une dette diminuant de 6,8 billions de wons pour s'établir à 22,7 billions de wons d'ici la fin de 2024. SK hynix a également augmenté son dividende fixe annuel de 25% à 1.500 wons par action.

SK hynix hat außergewöhnliche finanzielle Ergebnisse für das Geschäftsjahr 2024 gemeldet und dabei eine rekordverdächtige Leistung mit Einnahmen von 66.1930 Billionen Won, einem Betriebsgewinn von 23.4673 Billionen Won (35% Marge) und einem Nettogewinn von 19.7969 Billionen Won (30% Marge) erzielt. Die jährlichen Einnahmen übertrafen den vorherigen Rekord von 2022 um mehr als 21 Billionen Won.

Die Leistung im vierten Quartal zeigte ein starkes Wachstum, mit Einnahmen, die um 12% auf 19.7670 Billionen Won stiegen, und einem Betriebsgewinn, der um 15% auf 8.0828 Billionen Won (41% Marge) zunahm, sowie einem Nettogewinn von 8.0065 Billionen Won. Dieser Erfolg wurde durch die anhaltende Nachfrage nach KI-Speicher, insbesondere durch die HBM-Technologie, die über 40% des gesamten DRAM-Umsatzes ausmachte, vorangetrieben.

Die finanzielle Position des Unternehmens hat sich erheblich verbessert, wobei die liquiden Mittel um 5,2 Billionen Won auf 14,2 Billionen Won gestiegen sind und die Schulden um 6,8 Billionen Won auf 22,7 Billionen Won bis Ende 2024 gesenkt wurden. SK hynix hat auch seine jährliche feste Dividende um 25% auf 1.500 Won pro Aktie erhöht.

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In the news release, SK hynix Announces 4Q24 Financial Results, issued 22-Jan-2025 by SK hynix Inc. over PR Newswire, we are advised by the company that the 3rd paragraph, 1st sentence, should read "In particular, fourth quarter revenues went up by 12% to 19.7670 trillion won, operating profit up 15% to 8.0828 trillion won (with an operating margin of 41%) from the previous quarter and net profit recorded 8.0065 trillion won (with a net margin of 41%)." rather than "In particular, fourth quarter revenues went up by 12% to 19.7670 trillion won, operating profit up 15% to 8.0828 trillion won (with an operating margin of 41%) from the same period last year and net profit recorded 8.0065 trillion won (with a net margin of 41%)." as originally issued inadvertently. The complete, corrected release follows:

SK hynix Announces 4Q24 Financial Results

  • Revenues for 2024 at 66.1930 trillion won, operating profit at 23.4673 trillion won, net profit at 19.7969 trillion won
  • Revenues for Q4 at 19.7670 trillion won, operating profit at 8.0828 trillion won, net profit at 8.0065 trillion won
  • Achieving best-ever quarterly and yearly performance with increased sales of AI memory products including HBM and eSSD
  • Company to affirm the possibility of achieving sustainable profit through differentiation of AI product competitiveness and profitability-oriented operation

SEOUL, South Korea, Jan. 22, 2025 /PRNewswire/ -- SK hynix Inc. (or "the company", www.skhynix.com) announced today that it recorded best-ever yearly performance with 66.1930 trillion won in revenues, 23.4673 trillion won in operating profit (with an operating margin of 35%), and 19.7969 trillion won in net profit (with a net margin of 30%).

Yearly revenues marked all-time high, exceeding the previous record in 2022 by over 21 trillion won and operating profit exceeded the record in 2018 during the semiconductor super boom.

* FY2022 Yearly Revenues: 44.6216 trillion won / FY2018 Yearly Operating Profit: 20.8437 trillion won

In particular, fourth quarter revenues went up by 12% to 19.7670 trillion won, operating profit up 15% to 8.0828 trillion won (with an operating margin of 41%) from the previous quarter and net profit recorded 8.0065 trillion won (with a net margin of 41%).

SK hynix emphasized that with prolonged strong demand for AI memory, the company achieved all-time high result through world-leading HBM technology and profitability-oriented operation.

HBM continued its high growth in fourth quarter marking over 40% of total DRAM revenue and eSSD also showed constant increase in sales. With remarkable product competitiveness based profitability-oriented operation, the company established a stable financial condition which led to improved outcome.

Annual result of 2024 demonstrated memory company's possibility of stable profit gain by supplying product in right time to meet customers' needs. Especially, in which the memory sector is being transformed into a high-performance, high-quality market with growth of AI memory demand.

Based on the financial result, at the end of 2024, cash equivalent increased by 5.2 trillion won to 14.2 trillion won and debt decreased by 6.8 trillion won to 22.7 trillion won compared to the end of 2023, leading the significant improvement in the debt ratio and net debt ratio to 31% and 12% respectively.

SK hynix forecasts that the demand of HBM and high density server DRAM, which is essential in high performance computing, will continue to increase as the global big tech companies' investment in AI servers grow and AI inference technology gains importance. In the consumer market, which inventory adjustment is expected, sales of PC and smartphones equipped with AI will expand and the market situation will pick up in the second half of the year.

Therefore, the company plans to expand HBM3E supply and develop HBM4 in right time to meet customers' needs. With stable demand, the company aims to push for the transition to advanced process, necessary for the production of competitive DDR5 and LPDDR5. For NAND, as last year, the company plans to meet the market with profitability-oriented operation and flexible sales strategies.

SK hynix raised the annual fixed dividend by 25% to 1,500 won a share from 1,200 won and hiked total amount of the cash dividend to 1 trillion won annually. Along with the raise, the company decided to put aside 5% of the free cash flow, which was formerly included in the dividend policy, for enhancement of the financial structure.

"With significantly increased portion of high value-added products, SK hynix has built fundamental to achieve sustainable revenues and profits even in times of market correction." said Kim Woohyun, Vice President and Chief Financial Officer (CFO) at SK hynix. "While maintaining the profitability-first commitment, the company will make flexible investment decisions in line with market situation."

FY2024 Financial Results (K-IFRS)



*Unit: Billion KRW


FY24

YoY


FY23

Change

Revenues

66,193.0

32,765.7

102 %

Operating
Profit

23,467.3

-7,730.3

Turn to
profit

Operating
Margin

35 %

-24 %

59%p

Net Income

19,796.9

-9,137.5

Turn to
profit

4Q24 Financial Results (K-IFRS)

*Unit: Billion KRW


4Q24

QoQ

YoY


3Q24

Change

4Q23

Change

Revenues

19,767.0

17,573.1

12 %

11,305.5

75 %

Operating
Profit

8,082.8

7,030.0

15 %

346.0

2,236 %

Operating
Margin

41 %

40 %

1%p

3 %

38%p

Net Income

8,006.5

5,753.4

39 %

-1,379.5

Turn to
profit

※ Financial information of the earnings is based on K-IFRS

※ Please note that the financial results discussed herein are preliminary and speak only as of January 23, 2025. Readers should not assume that this information remains operative at a later time.

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 www.skhynix.com, news.skhynix.com.

Cision View original content:https://www.prnewswire.com/news-releases/sk-hynix-announces-4q24-financial-results-302357960.html

SOURCE SK hynix Inc.

FAQ

What were SK hynix's (HXSCL) key financial metrics for FY2024?

SK hynix reported revenues of 66.1930 trillion won, operating profit of 23.4673 trillion won (35% margin), and net profit of 19.7969 trillion won for FY2024.

How much did SK hynix's Q4 2024 revenue increase compared to Q3 2024?

SK hynix's Q4 2024 revenue increased by 12% to 19.7670 trillion won compared to the previous quarter.

What percentage of SK hynix's DRAM revenue came from HBM in Q4 2024?

HBM (High Bandwidth Memory) represented over 40% of SK hynix's total DRAM revenue in Q4 2024.

How much did SK hynix increase its annual fixed dividend for 2024?

SK hynix increased its annual fixed dividend by 25% from 1,200 won to 1,500 won per share.

What was SK hynix's debt reduction in 2024 compared to 2023?

SK hynix reduced its debt by 6.8 trillion won to 22.7 trillion won by the end of 2024 compared to 2023.

What was SK hynix's operating margin in Q4 2024?

SK hynix achieved an operating margin of 41% in Q4 2024.

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