Chilisin group’s consolidated monthly revenue for March 2019 reached US$41.25 million, an increase of 27.47% MoM and 10.32% YoY. The accumulated revenue for the first quarter of 2019 reached US$120 million, increased by 20.27% YoY.
Chilisin’s individual revenue of March 2019 was US$14.14 million, increased by 31.34% MoM despite decreased YoY by 18.87%.
MagLayers’ individual revenue of March 2019 was US$7.80 million, increased by 43.98% MoM despite decreased YoY by 7.72%.
Magic’s individual revenue of March 2019 was US$4.27 million, increased by 59.3% MoM despite decreased YoY by 13.28%.
The above three mentioned inductor companies’ YoY revenue decline was mainly due to the slowed demand of networking segment compared to the same period last year and the lack of Intel CPU in middle and low end products, thus unable to fully meet the market demand. However, the current month’s growth of this three inductor companies if compared with the average growth of the previous two months of the year have successfully recorded double digit revenue growth, and with the orders started to rebound this month, indicated that the inductor market has gradually recovered from unfavorable external factors.
Ralec’s individual revenue of March 2019 was US$8.78 million, increased 14.62% MoM despite decreased YoY by 38.25%. MoM revenue increase was due to the inventory of end customers that has gradually digested and the increased demand for urgent orders, along with the increased working days in March compared to last month. Nonetheless, the overall demand has not returned to the normal level yet because of the overall business environment uncertainty, causing customers to control their inventory level more strictly.
Ferroxcube’s individual revenue of March 2019 was US$6.26 million, increased by 7.25% MoM and 8.9% YoY, mainly due to the customer’s restocking activity after the Chinese New Year period.
Looking forward to the future, the unfavorable factors of Sino-US trade disputes and supply chain destocking has gradually relieved. Inductor products is expected to continue to push up the revenue in the automotive, artificial intelligence and 5G fields. Since the market has already showed signs of touching its bottom point, the performance of the second quarter is expected to be better than the first quarter. The demand for Ferroxcube’s electric vehicle products in Europe and China is also likely to increase significantly in the fourth quarter of this year. Therefore, Chilisin expects to have good growth momentum in 2019.
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