On April 29, Samsung Electronics released its financial results for the first quarter of fiscal 2021, which ended on March 31.
According to the content of the financial report, Samsung Electronics’ revenue in the first quarter was 65.39 trillion won (about 382.204 billion yuan), an increase of 18.19% from 55.33 trillion won in the same period last year; The net profit of the company’s shareholders was 7.09 trillion won (about 41.469 billion yuan), an increase of 45.06% over the 4.89 trillion won in the same period last year.
According to business division, Samsung Electronics’ consumer electronics business revenue was 12.99 trillion won (about 75.927 billion yuan), an increase of 26% from 10.30 trillion won in the same period last year and 13.61 trillion won in the previous quarter. Trillion won fell 5%.
The revenue of Samsung Electronics’ mobile division, including the mobile phone business, was 29.21 trillion won (about 170.732 billion yuan), an increase of 12% from 26.00 trillion won in the same period last year, and 22.00 trillion won in the previous quarter. 34 trillion won, an increase of 31%.
Samsung Electronics said that the main reason for the sharp increase in mobile revenue was that Samsung Electronics’ Galaxy S21 mobile phone was recognized by consumers and achieved good revenue performance. In addition, sales of Samsung Electronics’ ecosystem products such as tablets, PCs, and wearable devices also increased, which contributed to the increase in the revenue performance of the mobile division.
In addition, Samsung’s Electronic device solutions division, including the chip business, had revenue of 25.82 trillion won (about 150.918 billion yuan) in the first quarter of 2021, an increase of 7 from 24.13 trillion won in the same period last year. %, down 8% from 27.92 trillion won in the previous quarter.
Samsung Electronics said that the decline in chip business revenue was mainly caused by the interruption of production at Samsung Electronics’ Austin factory in the United States due to a power outage. However, in the second half of 2021, due to the overall demand for servers, mobile phones and PCs, the memory chip business will continue to grow.
The revenue of Samsung Electronics’ Display business was 6.92 trillion won (about 40.447 billion yuan), a year-on-year increase of 5%; operating profit was 3.75 trillion won, a year-on-year increase of 0.8%. “The display business’s profit has improved as OLED displays expand from flagship models to entry-level products,” Samsung Electronics said.
Samsung Electronics expects that in the second quarter of 2021, sales of newly launched A-series mobile phones will increase, and sales of tablets and wearables will remain stable, but the weakening of the new product effect of flagship models and the supply shortage of some components may lead to a decrease in revenue.
On April 28, the family of the late Samsung Electronics chairman Lee Kun-hee said it would pay more than 12 trillion won (about 70.188 billion yuan) in inheritance tax for Lee’s estate. This amount is three times the total size of South Korea’s national inheritance tax in 2020, and it also created a new record for the largest inheritance tax in the world.