Chilisin Consolidation Revenue- December.2019
2020-01-06Chilisin Group reports December 2019 consolidated revenue of US$43.680 million, recording revenue up 1.60% MoM and up 12.06% YoY, with accumulated 2019 revenue of US$513.159 million, down 9.58% YoY.
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Chilisin Group reports December 2019 consolidated revenue of US$43.680 million, recording revenue up 1.60% MoM and up 12.06% YoY, with accumulated 2019 revenue of US$513.159 million, down 9.58% YoY. Chilisin’s individual revenue of December 2019 was US$17.221 million, up 4.20% MoM and up 31.23% YoY. MagLayer’s individual revenue of December 2019 was US$8.245 million, up 8.71% MoM and up 20.27% YoY. Magic’s individual revenue of December 2019 was US$4.464 million, up 1.16% MoM and up 21.03% YoY. The above-three mentioned inductor companies’ revenues of December grew 4.9% MoM and 26.4% YOY. The order booking of mini molding choke from mobile device customers has been steadily increasing and so is the bigger size molding products as the Intel IC supply has returned to normal for the Notebook product customers. Overall the Chilisin group’s order booking momentum is better compare to the usual slow season in the past. As the product demand has been increasing, we have sped up the implementation of the automation for our production lines to improve efficiency and planned on capacity expansion for the high demand products in order to achieve the goal of satisfying our customer needs. Ralec’s individual revenue of December was US$10.125 million, without being impacted by the year-end stocktaking, the revenue was up 3.24% MoM but down 12.96% YoY. The order booking momentum continues to keep up as expected as the demand from 5G related products and mobile devices has increased dramatically and our inventory level has come to a new low. In reaction to the volume of the orders that we have gradually increased the utilization rate, but the shortage of labor limits the ability to increase the rate to the level that could satisfy the current demand. In the short term, we have started to prioritize our shipping/billing to selected customers based on ASP and customer relationship. The group is optimistic about the 2020 resistor market outlook as the demand has warmed up and we stand fast to actively increase our production output to meet customer needs. Ferroxcube’s individual revenue of December was US$3.624 million, down 22.24% MoM and down 1.50% YoY. Due to the holiday season in Europe and USA and the continued downturn of the automotive market, the December revenue MoM was down slightly. However, the group believes the worst is over as the order booking momentum on December has significantly regained to $7.08 million. We continue to improve yield rate and equipment production output, lower production cost to be more competitive in facing the upcoming warming up and recovering of the European and U.S. auto markets.
*Each monthly figures are based on exchange rate of the reporting month, for reference purpose only.
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