Chilisin Consolidation Revenue- July.2019
Chilisin Group reports July 2019 consolidated revenue of US$43.8 million, recording revenue up 1.56% MoM but down 30.85% YoY, with accumulated 2019 revenue of US$292.573 million, down 2.93% YoY.
Chilisin group’s consolidated monthly revenue of July 2019 reached US$43.8 million, up 1.56% MoM but down 30.85% YoY. Accumulated revenue of 2019 reached US$292.573 million, down 2.93% YoY.
Chilisin’s individual revenue of July 2019 was US$17.13 million, up 5.47% MoM but down 16.71% YoY.
MagLayer’s individual revenue of July 2019 was US$8.45 million, up 0.44% MoM but down 16.59% YoY.
Magic’s individual revenue of July 2019 was US$4.2 million, up 6.66% MoM but down 13.68% YoY.
Due to the impact of Sino-US trade war, demand from power module, PC, mobile phone and display panel customers were not good as expected. The above-three mentioned inductor companies’ revenues of July decreased YoY but increased MoM.
Ralec’s individual revenue of July was US$8.933 million, down 0.8% MoM and 66.8 %YoY. This month’s revenue decline mainly because the Japan-Korea trade war impacted the order-pulling momentum from Korean customers, along with the declined automotive sales in Europe and Japan impacted the order-pulling momentum from European and Japanese customers.
Ferroxcube’s individual revenue of July was US$5.05 million, down 8.08% MoM and 19.4% YoY. This month’s revenue decline mainly because the Sino-US trade war impacted the demand from end customers, resulted in weak order-pulling momentum from customers. Nonetheless, Ferroxcube is expanding its business in European automotive customers continuously. It is expected to have good order-pulling momentum in the future.
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