Hynix Q3 earnings increase 4 times ,make a new record

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Source:
Date: 2017-10-30

Asian economic quoted, yonhap news agency reported, according to data released by the SK hynix 26 in the third quarter of this year (September 7 ~) sales of 8.1 million won (RMB 47.7 billion), operating profit of 3.7372 million won, analysts forecast of 3.81 million won (), sales, operating profit and net profit in current hit a record high.


SK hynix (000660 - KR) in the third quarter operating profit amount is bigger than last year, the year increased 4.15 times, this year, the cumulative operating profit of 9.2555 million won.Sales increased 91%, operating profit margin was 46%, with the previous quarter.In this period net profit of 3.0555 million won, increased by 411%, 24% JiZeng.


Analysis pointed out that the SK hynix bright eye achievements were made in the third quarter, because of the global DRAM shipments and the average selling price rose, product supply tight, shipments and the average selling price JiZeng were 17%, 6%;NAND flash memory season average selling price minus 3%, it was not listed on the new smart phone shipments under the influence of growth of 16%.


SK hynix DRAM and NAND flash memory in the fourth quarter is expected to demand continues to grow.Company plans to mass production in the fourth quarter grade 10 nanometers d-ram layer and 72 NAND flash memory, and formally HBM2 products, performance will be good next year.


According to the data show that apple (AAPL - US) will be hynix's biggest client, accounting for 10% of sales, Intel (UNTC - US) and samsung (005930 - KR) also USES hynix products.


SK hynix ranked fifth in the NAND chip market, according to Gartner, 2017 memory chip industry overall income may be a record of $126 billion, could be increased to $130 billion in 2018, has dropped to $115 billion in 2019.

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