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SK hynix Announces 4Q24 Financial Results

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SK hynix reported record-breaking financial results for 2024, with revenues of 66.19 trillion won (up 102% YoY), operating profit of 23.47 trillion won, and net profit of 19.80 trillion won. The company achieved an operating margin of 35% and net margin of 30%.

Q4 2024 showed strong performance with revenues of 19.77 trillion won (up 12% YoY), operating profit of 8.08 trillion won (up 15% YoY), and net margin of 41%. HBM (High Bandwidth Memory) contributed over 40% of total DRAM revenue, while eSSD sales continued to grow.

The company's financial position improved 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. SK hynix increased its annual fixed dividend by 25% to 1,500 won per share, with total cash dividends reaching 1 trillion won annually.

SK hynix ha riportato risultati finanziari record per il 2024, con ricavi di 66,19 trilioni di won (in rialzo del 102% rispetto all'anno precedente), un profitto operativo di 23,47 trilioni di won e un profitto netto di 19,80 trilioni di won. L'azienda ha raggiunto un margine operativo del 35% e un margine netto del 30%.

Il quarto trimestre del 2024 ha mostrato una performance forte con ricavi di 19,77 trilioni di won (in crescita del 12% rispetto all'anno precedente), un profitto operativo di 8,08 trilioni di won (in aumento del 15% rispetto all'anno precedente) e un margine netto del 41%. HBM (High Bandwidth Memory) ha contribuito per oltre il 40% del ricavo totale da DRAM, mentre le vendite di eSSD hanno continuato a crescere.

La posizione finanziaria dell'azienda è notevolmente migliorata, con le disponibilità liquide che sono aumentate di 5,2 trilioni di won a 14,2 trilioni di won e il debito che è diminuito di 6,8 trilioni di won a 22,7 trilioni di won. SK hynix ha aumentato il suo dividendo fisso annuale del 25% a 1.500 won per azione, con dividendi in contante totali che raggiungono 1 trilione di won all'anno.

SK hynix reportó resultados financieros récord para 2024, con ingresos de 66.19 billones de won (aumentando un 102% interanual), un beneficio operativo de 23.47 billones de won y un beneficio neto de 19.80 billones de won. La compañía alcanzó un margen operativo del 35% y un margen neto del 30%.

El cuarto trimestre de 2024 mostró un desempeño fuerte con ingresos de 19.77 billones de won (aumento del 12% interanual), un beneficio operativo de 8.08 billones de won (un aumento del 15% interanual) y un margen neto del 41%. HBM (High Bandwidth Memory) contribuyó con más del 40% de los ingresos totales de DRAM, mientras que las ventas de eSSD continuaron creciendo.

La posición financiera de la empresa mejoró significativamente, con equivalentes de efectivo que aumentaron en 5.2 billones de won a 14.2 billones de won y la deuda disminuyó en 6.8 billones de won a 22.7 billones de won. SK hynix aumentó su dividendo fijo anual en un 25% a 1,500 won por acción, con dividendos en efectivo totales alcanzando 1 billón de won anualmente.

SK hynix는 2024년 기록적인 재무 결과를 보고하며, 수익이 66.19조 원(전년 대비 102% 증가), 운영 이익이 23.47조 원, 순 이익이 19.80조 원에 달했습니다. 이 회사는 35%의 운영 마진과 30%의 순 마진을 달성했습니다.

2024년 4분기는 수익이 19.77조 원(전년 대비 12% 증가), 운영 이익이 8.08조 원(전년 대비 15% 증가), 순 마진이 41%로 강력한 성과를 보였습니다. HBM (고대역폭 메모리)는 전체 DRAM 수익의 40% 이상을 기여했으며, eSSD 판매는 계속해서 증가했습니다.

이 회사의 재무 상태는 크게 개선되어 현금 및 현금성 자산이 5.2조 원 증가하여 14.2조 원이 되었고, 부채는 6.8조 원 감소하여 22.7조 원이 되었습니다. SK hynix는 연간 고정 배당금을 25% 인상하여 주당 1,500원으로 하였으며, 총 현금 배당금은 연간 1조 원에 달했습니다.

SK hynix a annoncé des résultats financiers record pour 2024, avec des revenus de 66,19 billions de wons (en hausse de 102% par rapport à l'année précédente), un bénéfice opérationnel de 23,47 billions de wons et un bénéfice net de 19,80 billions de wons. L'entreprise a atteint une marge opérationnelle de 35% et une marge nette de 30%.

Le quatrième trimestre de 2024 a montré de solides performances avec des revenus de 19,77 billions de wons (en hausse de 12% par rapport à l'année précédente), un bénéfice opérationnel de 8,08 billions de wons (en hausse de 15% par rapport à l'année précédente) et une marge nette de 41%. HBM (High Bandwidth Memory) a contribué à plus de 40% des revenus totaux de DRAM, tandis que les ventes d'eSSD ont continué à croître.

La situation financière de l'entreprise s'est considérablement améliorée, les équivalents de trésorerie augmentant de 5,2 billions de wons à 14,2 billions de wons et la dette diminuant de 6,8 billions de wons à 22,7 billions de wons. SK hynix a augmenté son dividende fixe annuel de 25% à 1 500 wons par action, avec des dividendes totaux en espèces atteignant 1 trillion de wons par an.

SK hynix hat für 2024 Rekordfinanzergebnisse gemeldet, mit einem Umsatz von 66,19 Billionen Won (ein Anstieg von 102% im Jahresvergleich), einem operativen Gewinn von 23,47 Billionen Won und einem Nettogewinn von 19,80 Billionen Won. Das Unternehmen erzielte eine operative Marge von 35% und eine Nettomarge von 30%.

Im vierten Quartal 2024 zeigte sich eine starke Leistung mit einem Umsatz von 19,77 Billionen Won (ein Anstieg von 12% im Jahresvergleich), einem operativen Gewinn von 8,08 Billionen Won (ein Anstieg von 15% im Jahresvergleich) und einer Nettomarge von 41%. HBM (High Bandwidth Memory) trug zu über 40% des gesamten DRAM-Umsatzes bei, während die Verkäufe von eSSD weiterhin wuchsen.

Die finanzielle Situation des Unternehmens hat sich erheblich verbessert, mit einem Anstieg der liquiden Mittel um 5,2 Billionen Won auf 14,2 Billionen Won und einer Verringerung der Schulden um 6,8 Billionen Won auf 22,7 Billionen Won. SK hynix hat die jährliche feste Dividende um 25% auf 1.500 Won pro Aktie erhöht, und die Gesamtauszahlungen an Cash-Dividenden erreichen jährlich 1 Billion Won.

Positive
  • Record-breaking annual revenue of 66.19 trillion won, up 102% YoY
  • Strong Q4 operating margin of 41%, up from 3% in Q4 2023
  • HBM products account for over 40% of total DRAM revenue
  • Debt reduction of 6.8 trillion won
  • 25% increase in annual dividend to 1,500 won per share
  • Cash equivalents increased by 5.2 trillion won to 14.2 trillion won
Negative
  • None.
  • 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 same period last year 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 was SK hynix's revenue and profit for full year 2024?

SK hynix reported revenues of 66.19 trillion won, operating profit of 23.47 trillion won, and net profit of 19.80 trillion won for FY2024.

How much did SK hynix's HBM products contribute to DRAM revenue in Q4 2024?

HBM products contributed over 40% of total DRAM revenue in Q4 2024.

What is SK hynix's new dividend policy for 2024?

SK hynix increased its annual fixed dividend by 25% to 1,500 won per share, with total cash dividends reaching 1 trillion won annually.

How did SK hynix's debt position change in 2024?

SK hynix reduced its debt by 6.8 trillion won to 22.7 trillion won by the end of 2024, improving its debt ratio to 31% and net debt ratio to 12%.

What was SK hynix's Q4 2024 operating margin?

SK hynix achieved an operating margin of 41% in Q4 2024, up from 3% in Q4 2023.

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