Chilisin Group reports June 2019 consolidated revenue of US$43,1million, recording revenue down 2.29% MoM and 21.79% YoY, with accumulated 2019 revenue of US$248.912 million, increased 4.49% YoY.Chilisin group’s consolidated monthly revenue of June 2019 reached US$43.12 million, down 2.29% MoM and 21.79% YoY. Accumulated revenue of 2019 reached US$248.912 million, up 4.49% YoY.
Chilisin’s individual revenue of June 2019 was US$16.24million, up 0.15% MoM but down 11.03% YoY.
MagLayer’s individual revenue of June 2019 was US$8.42 million, up 2.45% MoM and 1.49% YoY.
Magic’s individual revenue of June 2019 was US$3.95 million, down 9.81% MoM and 15.87% YoY.
Due to the impact of Sino-US trade war, customers’ semi-annual inventory counting and the demand from power module and networking customers were not good as expected, the above-three mentioned inductor companies’ revenue of June decreased YoY. Nonetheless, the above-three mentioned inductor companies still pushed up shipment actively, hence Chilisin’s and MagLayer’s revenue of June increased MoM.
Ralec’s individual revenue of June 2019 was US$9.01 million, up 2.01% MoM and down 61.31% YoY. This month’s revenue increase compared with the previous month, mainly because the inventory of the direct and distribution customers in Greater China has gradually digested and the ASP remained steady. This month’s revenue didn’t decrease under the impact of customers’ semi-annual inventory counting, has reflected the real demand from the market and indicated that the supply and demand for resistor has gradually stabilized.
Ferroxcube’s individual revenue of June 2019 was US$5.50 million, down 15.18% MoM and 12.59% YoY. This month’s revenue declined mainly because of the impact of Sino-US trade war and the customers’ semi-annual inventory counting, resulted in weak order-pulling momentum from customers. Nonetheless, the demand is expected to rebound in Q3.
Looking forward to the second half of this year, Sino-US trade talks to restart after G20 tariff truce and US stops impose new tariffs on Chinese imports will have positive influence on the confidence of the global end customers market. The three inductor companies will continue to push up shipment in the automotive, artificial intelligence, and 5G segments. Thanks to the inventory has returned to normal level and orders has gradually recovered, Resistor market is expected to be back on growth track; Ferroxcube's recent increase due to new design-in and orders will also contribute to the growth momentum in the second half. Therefore, Chilisin group expects to have good performance in 2019.
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