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1q21 net profit of US $6.4 billion, up 46.2% year on year From Samsung Electronics

The following is the 1q21 net profit of US $6.4 billion, up 46.2% year on year From Samsung Electronics recommended by recordtrend.com. And this article belongs to the classification: 5g industry, artificial intelligence, Enterprise financial report, Investment & Economy.

On April 29, 2021, Samsung Electronics released its first quarter financial report as of March 31, 2021 on Thursday. According to the financial report, Samsung’s revenue in the first quarter was 65.38 trillion won (about 58.6 billion US dollars), up 18.19% year on year; Net profit was 7.14 trillion won (about 6.4 billion US dollars), up 46.2% year on year; Operating profit was 9.38 trillion won (about US $8.4 billion), up 45.5% year on year.

According to the financial report, Samsung’s revenue in the first quarter reached 65.38 trillion won (about 58.6 billion US dollars), up 18.19% from 55.33 trillion won in the same period last year; Gross profit was 23.89 trillion won (about US $21.4 billion), up 16.4% from 20.52 trillion won in the same period last year; Operating profit was 9.38 trillion won (about 8.4 billion US dollars), up 45.5% from 6.45 trillion won in the same period last year; General and administrative expenses for sales were 14.51 trillion won (about 13 billion US dollars), compared with 14.07 trillion won in the same period last year; R & D spending was 5.44 trillion won (US $8.96 billion), compared with 5.36 trillion won in the same period last year.

Samsung’s net profit in the first quarter was 7.14 trillion won (about $6.4 billion), up 46.2% from 4.88 trillion won in the same period last year; The net interest rate was 10%, compared with 7% in the same period last year; The EBITDA rate was 25%, compared with 24% in the same period last year. Samsung’s above financial data is in line with the preliminary financial data released earlier this month, exceeding market expectations.

According to business division, Samsung’s consumer electronics business revenue was 12.99 trillion won (about 11.6 billion US dollars), an increase of 26% compared with 10.30 trillion won in the same period last year, and a decrease of 5% compared with 13.61 trillion won in the previous quarter; Operating profit was won 1.12 trillion (US $1 billion), compared with won 0.45 trillion in the same period last year and won 0.82 trillion in the last quarter.

The revenue of the mobile sector, including the mobile phone business, was 29.21 trillion won (about US $26.2 billion), up 12% from 26.00 trillion won in the same period last year and 31% from 22.34 trillion won in the previous quarter; Operating profit was 4.39 trillion won (US $3.9 billion), compared with 2.65 trillion won in the same period last year and 2.42 trillion won in the last quarter.

The revenue of the device solutions division, including the chip business, was 25.82 trillion won (about 23.1 billion US dollars), up 7% from 24.13 trillion won in the same period last year, and down 8% from 27.92 trillion won in the previous quarter; Operating profit was 3.75 trillion won (US $3.4 billion), compared with 3.72 trillion won in the same period last year and 5.63 trillion won in the last quarter. Samsung’s display business, which is included in the device solutions division, had revenue of 6.92 trillion won, up 5% year-on-year; Operating profit was 3.75 trillion won, up 0.8% year on year. “As OLED displays expand from flagship models to entry-level products, profits in the display business have improved,” Samsung said

Harman’s revenue was 2.37 trillion won (about US $2.1 billion), up 13% from 2.10 trillion won in the same period last year, and down 19% from 2.92 trillion won in the previous quarter; Operating profit was won 0.11 trillion, compared with won 0.19 trillion in the same period last year and won 0.18 trillion in the last quarter.

Samsung Electronics said in the financial report that although the chip shipment was higher than expected due to the strong demand of PC and mobile phone, the chip business profit decreased slightly due to the initial cost related to the migration to advanced process and the continuous downward trend of NAND flash new chip price. In addition, the revenue of chip OEM business decreased in the first quarter due to the production interruption of Austin factory in the United States due to blackout. In the future, under favorable commercial conditions, the profit of memory chip business will be greatly improved; In the second half of this year, the memory chip business will continue to grow due to the overall demand of servers, mobile phones and PCs.

Samsung also said that the mobile sector’s revenue and profit increased significantly on a month on month basis, thanks to the galaxy S21’s favorable comments from consumers; The sales volume of Volkswagen models with price competitiveness and powerful functions increased; As well as tablet / PC / wearable devices, the contribution of device ecosystem products is increasing. The company expects sales of the new A-Series to accelerate in the second quarter, while sales of tablets and wearable devices will remain stable. However, the weakening of the new product effect of flagship models and the shortage of supply of some components may lead to lower revenue. Samsung Electronics will make use of its global supply chain management capability and solid profitability to minimize the impact of component problems through supply rebalancing.

Samsung said its capital expenditure in the first quarter reached 9.7 trillion won (US $8.7 billion), of which 8.5 trillion won (US $7.6 billion) was invested in the semiconductor business and 700 billion won was invested in the display business.

Samsung Electronics: 1q20 net profit $3.9 billion, down 3.15% on a year-on-year basis Samsung: senior executives’ interpretation of 1q20 financial report top priority is to control risks, respond to demand recovery Samsung Electronics: 2q20 net profit $4.7 billion, up 7.2% on a year-on-year basis Huawei: 1q21 revenue plummeted to $150 billion, net profit soared 27% on a year-on-year basis Samsung Electronics: net profit of 3q20 is US $8.3 billion, up 48.9% on a year-on-year basis; Huawei’s revenue in the first half of 2020 is up 13.1%; Intel: 1q21’s revenue is US $19.7 billion, down 1% on a year-on-year basis, still exceeding expectations. Gartner: global semiconductor market reached US $420.4 billion in 2017; Samsung Electronics: 1q20’s revenue is US $44.7 billion, up 5% on a year-on-year basis : 1q20 Revenue: 49.702 billion yuan, higher than market expectation Intel: 4q20 net profit: 5.8 billion US dollars, down 15% year on year AMD: 4q19 net profit: 170 million US dollars, up sharply year on year TSMC: 4q20 Revenue: 12.68 billion US dollars, up 22% year on year TSMC: 1q21 Revenue: 12.919 billion US dollars, up 16.7% year on year

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