Chilisin Consolidation Revenue- November 2017
2017-12-05|
Chilisin Reported Revenue for November 2017 reached 37.23 MUSD, YoY Growth 136.36%
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Chilisin group is announcing the consolidated monthly revenue of US$37.2 million for November 2017, which represented 3.06% growth compared to the previous month, and 136.36% growth compared to the same period of previous year. The accumulated revenue reached US$381.55 millions, YoY 133.33%. Chilisin individual revenue in November was US$17.81 million, 3.69% MoM and 13.12% YoY. The accumulated revenue of Jan-Nov 2017 was US$181.88 million, delivering 11.23% growth compared to the same period of previous year. Ralec individual revenue reached US$13.35 million, 3.96% MoM, which contributed 6.95% growth YoY. The accumulated Jan-Nov 2017 revenue of Ralec was US$135.35 million, 7.45% growth YoY. Ferroxcube individual revenue reached US$6.05 million, -0.59% MoM, but contributed 13.03% growth YoY. The accumulated Jan-Nov 2017 revenue of Ferroxcube was US$64.31 million, 8.27% growth YoY. Chilisin revenue of November was better than previous month, which was resulted by the shipment of molding, automated wire-winding and multilayer type inductors kept growing. Ralec’s November revenue wound back to US$ 13 million, and the demand of small size resistors and chip resistor array is still strong. Ferroxcube November revenue was slightly declined 0.59%, but the accumulated revenue is 8.27% YoY, which has overpassed the Y2016 total revenue. With the early engagement of Automotive market, along with the declaration by European, American, Japanese, and Chinese Automobile makers to stop sales of pure petro or diesel vehicles, or to increase the sales ratio of EV/PHEV, Ferroxcube has design wins in those new EV/PHEV models. Lookig into the future, Chilisin’s orders of molding choke and small sized RF inductors keep increasing. Global brands of tablet and mobile phone makers, and Automotive customers, keep placing forecast orders to Chilisin for stocking preparation. Ralec Metal and Chip resistor (both small sized and chip array) businesses have supported by strong demand worldwide, and we foresee prominent performance. Ferroxcube is expanding European and China factory capacity and continues to receive orders in each region. The end customers of solar inverter and quick charging projects mass production plan in 2nd half of Year 2018, Ferroxcube expected to have stronger growth driver then. With the expansion in Vietnam, Hunan, ad Malaysia to fulfill each company’s order in-takes, Chilisin group foresee optimistically on the whole year’s performance. On 23rd January, 2017, Chilisin announced to merge Yageo’s 100% subsidiary, Ferroxcube International Holding B.V. (Ferrite Material BU), and has completed the legal transfer on 1st of August, 2017. At the same date, Chilisin board of directors agreed to merge Ralec Corporation, which was invested by Yageo. The stock exchange with Ralec has been completed by 30 of June, 2017 and Ralec has officially been one of Chilisin’s 100% owned subsidiary. Since above two transactions belong to organization restructure under the same holdings, the financial reports needs to be re-compiled under the regulations of competent authority and IFRS.
Company Spokesman
Company Deputy Spokesman |
