Korea Business News Agency - NSP NEWS.

(Seoul=NSP NEWS AGENCY) = SK hynix announced that it achieved the highest-ever performance in its history, with sales of 66.193 trillion won, operating profit of 23.467 trillion won (operating margin of 35%), and net profit of 19.797 trillion won (net margin of 30%).

The company explained that the record performance was driven by its technological prowess in HBM and a profitability-focused management strategy, amid the rising demand for AI memory semiconductors.

It also mentioned that"HBM showed strong growth in Q4, accounting for 40% of total DRAM sales, while enterprise SSD (eSSD) also continued to expand in sales."

As a result of this performance, SK hynix's cash reserves increased by 5.2 trillion won year-on-year to 14.2 trillion won by the end of 2024.

Its borrowings stood at 22.7 trillion won, down 6.8 trillion won compared to the same period. As a result, the company's debt-to-equity and net debt ratios significantly improved to 31% and 12%, respectively.

The company plans to increase HBM3E supply this year and develop HBM4 in a timely manner to meet customer demand. Additionally, it will push for a transition to advanced processes necessary for producing DDR5 and LPDDR5.

For NAND Flash Memory, SK hynix will continue its profitability-focused management and flexible sales strategy to meet market demand, similar to the approach taken last year.

By Geul-sam Kwon(gulsam2049@nspna.com) and Bok-hyun Lee(bhlee2016@nspna.com)