◇ 4Q sales of KRW 2.0864 trillion, operating income of KRW 252.7 billion
- Increase in sales by 17%, operating income by 73% compared to same quarter of previous year (4Q 2019)
ㆍIncrease in supply of high added value MLCC, package circuit boards, and OLED RFPCB
- Decrease in sales by 6%, operating income by 18% compared to previous quarter (3Q 2020)
ㆍDecrease in earnings due to year-end inventory adjustments and FX rates
◇ 2020 annual sales of KRW 8.2087 trillion, operating income of KRW 829.1 billion
- Increase in sales by 6%, operating income by 12% compared to previous year (2019)
For its 4Q performance on a consolidated basis, Samsung Electro-Mechanics revealed on the 27th that it recorded sales of KRW 2.0864 trillion and operating income of KRW 252.7 billion.
This is a KRW 297.7 billion increase in sales (17%) and KRW 106.8 billion increase in operating income (73%) compared to the same quarter of the previous year, and a KRW 142.5 billion decrease in sales (6%) and KRW 54.7 billion decrease in operating income (18%) compared to the previous quarter.
Compared to the same quarter of the previous year, Samsung Electro-Mechanics explained that it recorded earnings improvement as a result of sales increase in high added-value MLCC, package circuit board, and OLED RFPCB sales due to growth in the 5G telecommunication market, but saw a decrease compared to its previous quarter due to a decrease in demand as a result of year-end inventory adjustments and FX rates.
On the one hand, in 2020, it recorded sales of KRW 8.2087 trillion and operating income of KRW 829.1 billion, showing sales growth of 6% and operating income growth of 12% compared to the previous year.
( ※ 2019 performance: Sales of KRW 7.7183 trillion, operating income of KRW 740.9 billion)
[Performance by Quarter]
(Unit: KRW 100mn)
Category
|
2020
|
QoQ
|
2019
|
YoY
|
4Q
|
3Q
|
4Q
|
Sales
|
20,864
|
22,289
|
6%↓
|
17,887
|
17%↑
|
Operating
Income
|
2,527
|
3,074
|
18%↓
|
1,459
|
73%↑
|
Profit
Before Tax
|
2,482
|
3,008
|
17%↓
|
1,554
|
60%↑
|
Net Income
|
2,025
|
2,302
|
12%↓
|
-226
|
Converted to surplus
|
□ Performance and forecast by business unit
Components Business: Despite an increase in China-bound smartphone and vehicle MLCC shipment volume, 4Q sales decreased QoQ by 2% and recorded KRW 964.5 billion due to FX rates.
This year, with an expected increase in untact-related component demand, as a result of growth in the 5G smartphone market as well as PC and servers, and growth in the automotive market, supply for high added-value products is expected to increase.
Modules Business: Due to a decrease in supply for flagship smartphone camera modules as a result of product off-seasonality, sales decreased QoQ by 29% and recorded KRW 564.0 billion.
With the trend for high-performing, slim camera modules, Samsung Electro-Mechanics plans to continue to secure distinct technological competitiveness through optical zoom and slim modules and expand sales by continuing to supply high spec smartphone products among entry-level products.
Circuit Boards Business: 4Q sales grew QoQ by 23% and recorded KRW 557.9 billion. Performance improved with the expansion of supply of mobile AP and CPU high added-value package circuit boards and OLED RFPCB.
This year, the Circuit Boards Business plans to improve profitability by expanding its supply of high added-value package circuit boards, including 5G, automotive, and thin plate CPU circuit boards, as a result of an increase in demand with the expected improvement in the semiconductor market.
[Performance by Business]
(Unit: KRW 100mn)
Category
|
2020
|
QoQ
|
2019
|
YoY
|
4Q
|
3Q
|
4Q
|
Components
|
9,645
|
9,831
|
2%↓
|
7,749
|
24%↑
|
Modules
|
5,640
|
7,938
|
29%↓
|
5,850
|
4%↓
|
Circuit
Boards
|
5,579
|
4,520
|
23%↑
|
4,288
|
30%↑
|