In the press release, SK hynix announces financial results for the fourth quarter of 2024 January 22, 2025 by SK Hynix Company (Kansas:) Via PR Newswire, the company informed us that the third paragraph, first sentence, should read: “In particular, fourth-quarter revenues increased 12% to 19.7670 trillion wonOperating profits up to 15%. 8.0828 trillion won (With an operating margin of 41%) over the previous quarter and the net profit recorded 8.0065 trillion won (with a net margin of 41%).” instead of “In particular, fourth-quarter revenues increased 12% to 19.7670 trillion wonOperating profits up to 15%. 8.0828 trillion won (With an operating margin of 41%) for the same period last year and recording a net profit 8.0065 trillion won (With a net margin of 41%).” As originally released inadvertently. Below is the full and corrected version:

SK hynix announces financial results for the fourth quarter of 2024

• Revenue for 2024 in 66.1930 trillion wonoperating profit at 23.4673 trillion wonnet profit at 19.7969 trillion won
• Fourth quarter revenue in 19.7670 trillion wonoperating profit at 8.0828 trillion wonnet profit at 8.0065 trillion won
• Achieving best-ever quarterly and annual performance with increased sales of AI memory products including HBM and eSSD
• The company emphasizes the potential for sustainable profit by differentiating between AI product competitiveness and profitability-oriented operation

Seoul, South Korea, January 22, 2025 /PRNewswire/ — SK Hynix Company (or the “Company”, www.skhynix.com) announced today that it recorded its best annual performance ever with… 66.1930 trillion won in revenue, 23.4673 trillion won in operating profit (with an operating margin of 35%), and 19.7969 trillion won In net profit (30% net margin).

Annual revenue hit an all-time high, surpassing the previous record in 2022 by more than 21 trillion won Operating profits surpassed the record set in 2018 during the semiconductor super boom.

In particular, fourth-quarter revenues rose 12% to 19.7670 trillion wonOperating profits up to 15%. 8.0828 trillion won (With an operating margin of 41%) over the previous quarter and the net profit recorded 8.0065 trillion won (A net margin of 41%).

SK Hynix emphasized that with long-standing strong demand for AI memory, the company achieved an all-time high result with its world-leading HBM technology and profitability-oriented operation.

HBM continued its high growth in the fourth quarter recording more than 40% of total DRAM revenue and eSSD also showed a continued increase in sales. Thanks to profit-oriented operations based on product competitiveness, the company has established a stable financial position resulting in improved results.

The 2024 annual result demonstrated the memory company’s ability to achieve stable profit gains by providing timely product to meet customers’ needs. In particular, the memory sector is being transformed into a high-performance, high-quality market as demand for AI memory grows.

Based on the financial results, at the end of 2024, cash equivalents increased by 5.2 trillion won to 14.2 trillion won Debts decreased by 6.8 trillion won to 22.7 trillion won Compared to the end of 2023, which resulted in a significant improvement in the debt ratio and net debt ratio to 31% and 12%, respectively.

SK hynix expects that the demand for high-density server HBM and DRAM, which is essential in high-performance computing, will continue to increase as global major technology companies’ investments in AI servers grow and AI inference technology gains importance. In the consumer market, where inventory adjustment is expected, sales of computers and smartphones equipped with artificial intelligence will expand and the market situation will improve in the second half of the year.

Therefore, the company plans to expand HBM3E supply and develop HBM4 in time to meet customer needs. With stable demand, the company aims to drive the transition to the advanced process, needed for competitive DDR5 and LPDDR5 production. For NAND, as last year, the company plans to meet the market with profitability-oriented operations and flexible sales strategies.

SK Hynix raised its fixed annual dividend by 25% to 1500 won Share of 1,200 won Raising the total value of cash profits to 1 trillion won annually. Along with the increase, the company decided to set aside 5% of free cash flow, which was previously included in the dividend policy, to strengthen the financial structure.

“With a significant increase in the proportion of high value-added products, SK hynix has built fundamental foundations to generate sustainable revenues and profits even in times of market correction.” said Kim Woo Hyun, Vice President and Chief Financial Officer (CFO) of SK hynix. “While maintaining a commitment to profitability first, the company will make flexible investment decisions in line with the market situation.”

– Financial results for the fiscal year 2024 (K-IFRS)

– Financial results for the fourth quarter of 2024 (K-IFRS)

on SK Hynix Company

SK Hynix Companyheadquartered in Koreais the world’s premier semiconductor supplier providing dynamic random access memory (“DRAM”) chips, flash memory chips (“NAND flash”) and CMOS image sensors (“CIS”) to a wide range of distinguished customers globally. The company’s shares are traded in Korea Stock Exchangeand Global depository Stocks are listed on Luxembourg Stock Exchange. More information about SK Hynix is ​​available at www.skhynix.com, news.skhynix.com.