Um Jae-gwang, executive vice president of management analysis at SK hynix, said on the 10th, "This year, we will achieve net cash, which allows the company to leap forward, and strive for sustainable growth."
During a news room interview on the same day, Um noted, "We will quantify the effects through process and institutional improvements, rather than simply cutting expenses, and establish an advanced management system to realize Operation Improvement 2.0."
Um joined SK hynix in 2004 in the manufacturing/institutional sector and is currently leading the management analysis organization, which is a pillar of the company's finances.
SK hynix recorded an operating loss of 7.73 trillion won in 2023, following a "semiconductor cold wave," but achieved an operating profit of 23.47 trillion won with an operating profit margin of 35% last year.
The company explained that behind these strong results are not only product competitiveness but also the strategic support of the management analysis organization. This organization plays a role in improving the financial environment through profit and loss management, cost and revenue analysis, and economic simulations.
Um said, "Due to difficulties during the downturn, establishing a stable financial environment was the top priority last year," adding that the management analysis organization has been working diligently to optimize resources by timely calculating and analyzing profits and losses according to the rapidly changing environment, aiming to strengthen the company's fundamental competitiveness.
In particular, the goal is to increase cash and cash equivalents through various operating improvement efforts this year, just as in the previous year, while gradually reducing borrowing funds.
Um explained, "I intend to continue making decisions that satisfy both finance and the manufacturing/technology field" and said, "Based on this, we will develop a more sophisticated and practical financial strategy."
In fact, SK hynix has been steadily increasing its cash equivalents. According to the audit report disclosed by the company, the cash and cash equivalents of SK hynix increased by about 1.6 trillion won from 35.02 trillion won in 2023 to 50.84 trillion won last year.