Samsung released the company’s third-quarter 2021 financial report as of September 30 on Thursday. Finally, it was verified that the company’s operating profit in the third quarter of this year was 15.82 trillion won, an increase of 28.04% year-on-year;
According to the financial report, Samsung’s third-quarter revenue was 73.98 trillion won, an increase of 10.48% from 66.96 trillion won in the same period last year, setting a single-season record. In addition, Samsung Electronics’ operating profit for the quarter was 15.82 trillion won, an increase of 28.04%; the net profit attributable to shareholders of Samsung’s parent company was 12.06 trillion won, an increase from 9.27 trillion won in the same period last year 30.11%, the market expects 11.54 trillion won.
This is the first time that Samsung single-season sales exceeded 70 trillion won, an increase of approximately 1 trillion won from the 73 trillion won initially verified by Samsung Electronics at the beginning of the month, successfully setting the company’s single-season sales history. In addition, operating profit for the quarter was the second-highest in history after the third quarter of 2018 (17.57 trillion won).
64% of this comes from the semiconductor business. Data shows that Samsung semiconductor division achieved 10.06 trillion won in operating profit this quarter, an increase of more than 5 trillion won from the third quarter of last year (5.54 trillion won). Samsung Electronics said: Memory is mainly service chips, and will actively respond to demand. DRAM achieved the largest quarterly shipment and the second time in history. By expanding the sales of 15nm DRAM and 128-layer VNAND, it has successfully reduced sales. Cost, so performance has improved significantly.
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In addition, foundries (semiconductor commissioned production) are also expanding product supply to global customer companies, which has driven sales. The performance of mobile (IM) departments such as smartphones has also been promoted. Folding screen phones such as Samsung GALAXY Z Fold 3 and Z Flip 3 have sold more than 1 million units since they went on the market, and the market is booming. IM sales were 28.42 trillion won and operating profit was 3.36 trillion won.
Samsung Display’s operating profit was 1.49 trillion won. In terms of small and medium-sized products, due to the effects of new products launched by major smartphone client companies, performance has increased, but large smartphones have continued to suffer losses due to the decline in LCD prices and other reasons.
The consumer electronics (CE) segment reached 14.1 trillion won in the third quarter and operating profit reached 760 billion won. Samsung Electronics said that although image display and household appliances are officially adding high-end TVs and dual-spoke lineups, profitability has declined due to rising costs such as raw materials and logistics costs (profits fell 51% year-on-year).