Samsung Electronics’ profit in the third quarter of 2023 was approximately 13.225 billion yuan, a year-on-year decrease of 77.57%

【Lansheng Technology News】Data disclosed by Samsung Electronics on the 31st showed that the company’s operating profit in the third quarter of this year calculated based on the consolidated financial statements was 2.4336 trillion won, a year-on-year decrease of 77.57%. Sales were 67.4047 trillion won, down 12.21% year-on-year.

However, judging from the latest financial report released by Samsung Electronics, their storage business revenue increased by 17% month-on-month in the third quarter, reaching 10.53 trillion won, but it was still less than the 15.23 trillion won in the same period last year, a year-on-year decline of 31%.

Driven by the month-on-month increase in storage business revenue, the revenue of the equipment solutions department also increased significantly in the third quarter, reaching 16.44 trillion won, a month-on-month increase of 12%.

However, like the storage business, Samsung Electronics' equipment solutions division's revenue in the third quarter also declined significantly year-on-year, which was less than the 23.02 trillion won in the same period last year, a year-on-year decline of 29%.

In terms of operating profit, the equipment solutions department's operating loss in the third quarter was 3.75 trillion won, which was further reduced from 4.36 trillion won in the previous quarter, but it has not yet reversed the loss situation. The operating profit of the equipment solutions department in the same period last year was as high as 5.12 trillion. won.

Among other industry sectors, the equipment experience department’s revenue in the third quarter was 44.02 trillion won, a month-on-month increase of 9%, a year-on-year decrease of 7%, and an operating profit of 3.73 trillion won, a month-on-month decrease of 0.1 trillion won, a year-on-year increase of 0.2 trillion won; the display business unit In the third quarter, revenue was 8.22 trillion won, a month-on-month increase of 27%, and a year-on-year decrease of 13%. Operating profit was 1.94 trillion won, a month-on-month increase of 1.09 trillion, a year-on-year decrease of 0.04 trillion; Harman International's revenue was 3.8 trillion won, a month-on-month increase. 9%, a year-on-year increase of 5%. Operating profit was 0.45 trillion won, which also increased year-on-year. It was 0.25 trillion won in the previous quarter and 0.31 trillion won in the same period last year.

Overall, Samsung Electronics' revenue in the third quarter was 67.4 trillion won, higher than the 60.01 trillion won in the previous quarter, but not as good as the 76.78 trillion won in the same period last year; gross profit was 20.79 trillion won, which was also an increase from the previous quarter and a year-on-year decline; net profit 5.84 trillion won, much higher than the 1.72 trillion in the previous quarter, but still significantly behind the 9.39 trillion in the same period last year.