Hana Micron하나마이크론

Hana Micron's trailing profits have recovered sharply from 2023-2024 losses, but the stock has fallen 13.4% over the past month.

Hana Micron, a Korean semiconductor packaging and testing company, reported trailing twelve-month revenue of ₩2.07T and operating income of ₩300B through H1 2026, with a 14.5% operating margin. The company's share price is ₩38,800, well below its 52-week high of ₩58,500 but up 49.5% over one year. Debt is high relative to equity, with borrowings of ₩541B against cash of ₩213B.

What stands out

• Trailing net income of ₩171B is well above the ₩38B reported for full-year 2025, after losses in 2023 and 2024.
• Trailing operating margin of 14.5% compares with 8.3% in 2025, and revenue grew 22.7% in 2025.
• Liabilities are 194.4% of equity, and borrowings exceed cash by about ₩328B.
• Over the last 20 days, retail investors were net sellers of about ₩74B, while foreign and institutional investors were net buyers.
• Recent filings include an exchangeable bond issue decision (August 2026) and the half-year report for June 2026; a chiplet automotive semiconductor partnership with LG Electronics and Bos Semiconductor was reported on October 20, 2026.

What to watch

• The next results and filings after the H1 2026 half-year report, to see whether the improved margins hold.
• Details and effects of the exchangeable bond issue, given the company's high debt level.
• Progress of the chiplet automotive semiconductor partnership, which is only described in one news headline.