Chilisin Consolidation Revenue- October.2019
2019-11-05Chilisin Group reports October 2019 consolidated revenue of US$42.265 million, recording revenue down 6.39% MoM and down 14.01% YoY, with accumulated 2019 revenue of US$425.042 million, down 11.77% YoY.
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Chilisin Group reports October 2019 consolidated revenue of US$42.265 million, recording revenue down 6.39% MoM and down 14.01% YoY, with accumulated 2019 revenue of US$425.042 million, down 11.77% YoY. Chilisin’s individual revenue of October 2019 was US$16.927 million, down 3.32% MoM and down 5.57% YoY. MagLayer’s individual revenue of October 2019 was US$7.625 million, down 8.37% MoM but up 4.45% YoY. Magic’s individual revenue of October 2019 was US$4.245 million, down 9.82% MoM but up 19.74% YoY. Due to China’s National Day Golden week and the continuing supply shortage of the Intel NB CPU that affects the customer order pulling momentum, the above-three mentioned inductor companies’ revenues of October decreased MoM but increased 0.1% YOY. Looking forward to 2020 growth, with the group’s new business and expert teams continue to expand new customer base and market scope; enhance product mix and work closely with the design houses for our new designs and new products continue to be recognized. Ralec’s individual revenue of October was US$8.555 million, down 11.96% MoM and down 53.60%YoY. The customer order pulling in the Greater China area was affected by the China National Day Golden Week. However, the orders in October have gradually picked up the momentum from September and we maintain a good outlook for the 4th quarter. Ferroxcube’s individual revenue of October was US$4.912 million, up 0.30% MoM but down 10.47% YoY. With the potential automotive market growth in 2020 and our deep-rooted operation in Europe, we look forward to enhancing the breadth of the customers and share in the European market. For Greater China market, we continue to implement automation capabilities to improve yield and become more competitive.
*Each monthly figures are based on exchange rate of the reporting month, for reference purpose only.
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