SK Hynix: Fiscal 4Q15 Financial Results

in billion KRW	4Q14	4Q15	FY14	FY15
Revenue	5,148	4,416	17,126	18,798
*Growth*		-14%		*10%*
Net income (loss)	1,624	871	4,195	4,324

SK Hynix Inc. announced financial results for its fiscal year 2015 and fourth quarter ended December 31, 2015.

The company has set all-time high annual results for three consecutive years.

The company’s consolidated sales of fiscal year 2015 totaled 18.8 trillion won while operating profit amounted to 5.3 trillion won and net income was 4.3 trillion won. Operating margin for the year was 28% and net margin was 23%.

On the other hand, the results of every sector decreased quarter-over-quarter due to demand slowdown of whole memory semiconductor market. Consolidated fourth quarter revenue was 4.4 trillion won decreased 10% and operating profit amounted to 989 billion won declined 29% of the previous quarter. Net income for the quarter was 871 billion won reflecting income tax expenses and so on.

Quarterly, both DRAM bit shipment and the ASP declined by 1% and 10% each.

For NAND Flash, the bit shipment increased 4% but the ASP dropped 15%.

SK Hynix will mass produce 2Znm DRAM in a full scale and concentrate on developing 1Xnm DRAM to continue to strengthen the cost competitiveness. Also, the company is to flexibly operate its DRAM portfolio to enhance the profitability.

For NAND Flash, SK Hynix is planning to raise its competitiveness in 3D and develop 1Ynm process technology. The company will start to mass produce 48-layer 3D NAND Flash right after completing the development.