Chilisin Consolidation Revenue- November.2019
2019-12-05Chilisin Group reports November 2019 consolidated revenue of US$42.918 million, recording revenue up 1.38% MoM and down 4.85% YoY, with accumulated 2019 revenue of US$468.65 million, down 11.18% YoY.
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Chilisin Group reports November 2019 consolidated revenue of US$42.918 million, recording revenue up 1.38% MoM and down 4.85% YoY, with accumulated 2019 revenue of US$468.65 million, down 11.18% YoY. Chilisin’s individual revenue of November 2019 was US$16.498 million, down 2.69% MoM but up 13.61% YoY. MagLayer’s individual revenue of November 2019 was US$7.571 million, down 0.87% MoM and down 14.5% YoY. Magic’s individual revenue of November 2019 was US$4.406 million, up 3.62% MoM and up 19.83% YoY. Due to the uncertainty of the on-going Sino U.S. trade war, the above-three mentioned inductor companies’ revenues of November decreased MoM slightly but increased 5.25% YOY. The order booking momentum continues to gather throughout November. Chilisin Group is optimistic for the 2020 market growth and expect to show positive results gradually on new products, capacity and customer base once the upcoming new technologies start booming. Ralec’s individual revenue of November was US$9.79 million, up 14.24% MoM and down 31.71%YoY. The orders on November continue the momentum from the previous two months as the customers started to restock their inventory and to prepare for the upcoming Lunar New Year. We expect the order placing/pulling momentum continues throughout December. Chilisin Group maintains a positive outlook regarding the increasing of the demands on the resistor market and will adjust the utilization rate accordingly base on the market dynamics. Ferroxcube’s individual revenue of November was US$4.653 million, down 5.43% MoM and down 29.45% YoY. Due to the continued downturn of the European auto market and the upcoming year-end stocktaking, the customers are being conservative on their order placing. However the billing on November for the Greater China area’s customers has increased as the customers were preparing their inventory for the upcoming Lunar New Year holidays. We maintain a good outlook for the ordering pulling momentum continues throughout December from the Greater China area customers.
*Each monthly figures are based on exchange rate of the reporting month, for reference purpose only.
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