Shulou(Shulou.com)11/24 Report--

April 4 news, according to foreign media reports, the decline in demand for memory chips caused by the decline in demand for consumer electronics products has also put pressure on the performance of Samsung Electronics and SK Hynix, two major memory chip manufacturers. Revenue has significantly decreased and profits have also been affected. SK Hynix posted a net loss of 3.5 trillion won in the fourth quarter of last year, and its net profit for the whole year also dropped by 75% compared with the same period last year.

While the demand for consumer electronic products has not improved, SK Hynix and other memory chip manufacturers are still facing challenges, some analysts expect SK Hynix's revenue in the first quarter of this year will still decline sharply, losses will also expand.

According to foreign media reports, analysts at a South Korean securities company expect SK Hynix's revenue to fall to 3.96 trillion won in the first quarter, down 49% from the previous quarter; an operating loss of 4.02 trillion won, or about $3.056 billion; and a net loss of 4.21 trillion won, or about $3.2 billion.

In the fourth quarter of last year, SK Hynix's revenue was close to 7.7 trillion won, down more than 30% from a year earlier. Profits also changed from profit to loss, with an operating loss of 1.7 trillion won and a net loss of 3.52 trillion won.

In addition to revenue month-on-month decline, loss month-on-month expansion, analysts give SK Hynix first-quarter performance expectations, also fell sharply compared with the same period last year. In the first quarter of last year, SK Hynix had revenue of 12.16 trillion won, operating profit of 2.86 trillion won and net profit of 1.98 trillion won.

Analysts expect SK Hynix's revenue to decline further and losses to expand in the first quarter because of falling shipments and prices of memory chips. Analysts expect that under the influence of reduced investment in data centers, falling smartphone sales, and storage chip manufacturers cutting prices to reduce inventory, the price of memory chips will decline month-on-month compared with the previous quarter. DRAM shipments are expected to decline 19% month-on-month in the first quarter, and the average price of NAND flash memory will decline by 21%.

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