Correction — SK hynix Inc. by Investing.com

In its press release, SK hynix announced 4Q24 financial results 22-January-2025 as if SK hynix Inc. (KS:) On PR Newswire, we were advised by the company that the 3rd paragraph, 1st sentence should read “In particular, fourth quarter revenue increased 12%. 19.7670 trillion wonOperating profit up to 15% 8.0828 trillion won (with 41% operating margin) from the previous quarter and recorded a net profit 8.0065 trillion won (at 41% net profit). 19.7670 trillion wonOperating profit up to 15% 8.0828 trillion won (with 41% operating margin) from the same period last year and recorded a net profit 8.0065 trillion won (with a net margin of 41).

SK hynix announced 4Q24 financial results

• Revenues for 2024 at 66.1930 trillion wonOperating profit at 23.4673 trillion wonNet profit at 19.7969 trillion won
• Q4 earnings at 19.7670 trillion wonOperating profit at 8.0828 trillion wonNet profit at 8.0065 trillion won
• Achieving best-ever quarterly and annual performance in sales of i-memory products, including HBM and eSSD
• The company will identify the competitiveness and profitability of its AI product and ensure sustainable profitability.

SEOUL, South Korea, January 22, 2025 /PRNewswire/ — SK hynix Inc. (or “the Company”, www.skhynix.com) today announced that it has achieved its best annual performance ever. 66.1930 trillion won in earnings, 23.4673 trillion won in operating profit (at 35% operating margin) and 19.7969 trillion won in net profit (at 30% of net profit).

Annual revenues have reached an all-time high in 2022 21 trillion won And operating profit exceeded records in 2018 during the semiconductor super boom.

In particular, fourth quarter revenue increased by 12 percent. 19.7670 trillion wonOperating profit up to 15% 8.0828 trillion won (with 41% operating margin) from the previous quarter and recorded a net profit 8.0065 trillion won (with 41% net margin).

SK hynix emphasized that due to the long-term high demand for AI memory, the company has achieved high results through its world-leading HBM technology and profitability-oriented approach.

HBM continued its strong growth in the fourth quarter, accounting for more than 40 percent of total DRAM revenue, and ESSD also saw steady sales growth. With a profitability-oriented approach based on outstanding product competitiveness, the company has established a stable financial position that has resulted in improved results.

The 2024 annual results show that the memory company has the potential to generate stable profits by providing products on time to meet customer demand. In particular, the memory sector is moving to the high-performance and high-quality market with the growth of demand for AI memory.

Based on the financial results, at the end of 2024, the equivalent amount is increased in cash. 5.2 trillion won to the 14.2 trillion won and reduced debt 6.8 trillion won to the 22.7 trillion won As compared to the end of 2023, there is a significant improvement in the debt ratio and the net debt ratio is leading to 31% and 12% respectively.

SK hynix predicts that the demand for HBM and high-density server RAM, which is important in high-performance computing, will increase as the world’s largest technology companies invest in AI servers and the importance of AI inference technology will increase. In the consumer market, which is expected to be adjusted, sales of PCs and smartphones equipped with AI will expand and the market situation will rise in the second half of the year.

Therefore, the company plans to expand HBM3E supply and develop HBM4 in due course to meet customer demand. With steady demand, the company aims to transition to the advanced process necessary to produce competitive DDR5 and LPDDR5. For N&D, like last year, the company plans to cater to the market through profitability-oriented operations and flexible sales strategies.

SK hynix has increased its annual fixed dividend by 25%. 1,500 won A share of 1,200 won And the total amount of cash dividends has gone up. 1 trillion won every year. Along with the increase, the company has decided to waive the free cash flow of 5% previously included in the dividend policy to improve its financial structure.

“By increasing the volume of high-value products, SK hynix has built a foundation for sustainable revenues and profits even during market corrections.” said Kim Woohyun, vice president and chief financial officer (CFO) at SK hynix. “While maintaining the profitability-first commitment, the company makes flexible investment decisions in line with market conditions.”

– 2024 Financial Results (K-IFRS)

– 4Q24 Financial Results (K-IFRS)

In Care Of SK hynix Inc.

SK hynix Inc.In the headquarters KoreaIt is a global high-end semiconductor supplier that supplies Dynamic Random Access Memory chips (“DRAM”), Flash Memory chips (“NAND Flash”) and CMOS Image Sensors (“CIS”) to many prestigious customers worldwide. The company’s shares in Korean exchangeAnd International deposit Stocks are listed on Luxembourg Stock Exchange. More information about SK hynix is ​​available at www.skhynix.com, news.skhynix.com.