Chilisin Consolidation Revenue- February.20202020-03-05
Chilisin Group reports February 2020 consolidated revenue of US$31.956 million, recording revenue down 23.Chilisin Group reports February 2020 consolidated revenue of US$31.956 million, recording revenue down 23.41% MoM and down 3.54% YoY, with accumulated 2020 revenue of US$73.682 million, down 8.52% YoY.
Chilisin Group reports February 2020 consolidated revenue of US$31.956 million, recording revenue down 23.41% MoM and down 3.54% YoY, with accumulated 2020 revenue of US$73.682 million, down 8.52% YoY.
Chilisin’s individual revenue of February 2020 was US$12.503 million, down 21.98% MoM but up 13.46% YoY.
MagLayers’ individual revenue of February 2020 was US$5.326 million, down 24.15% MoM and down 4.01% YoY.
Magic’s individual revenue of February 2020 was US$1.685 million, down 57.88% MoM and down 38.55% YoY.
The above-three mentioned inductor companies’ accumulated revenues of January and February dropped 3.7% YOY. The decline was mainly because of the reduced shipping workdays and the order pulling delays as majority of the customers have not yet or only partially resumed their productions due to the impact of the Coronavirus epidemic, especially from the customers that are located in the severe affected areas in China. As the Chinese government has been gradually issuing permits to resume production, the utilization rate of our production bases in the Greater China Area has been rising. Under the premise of taking care of our employee’s health and thorough preparation for virus prevention, we continue to maximize our production output, in order to satisfy the delayed and accumulated demands from the customers once they have resumed their productions.
Ralec’s accumulated revenue of January and February was down 16% YoY. The decline was also due to the impacts of the Coronavirus epidemic that our order pulling numbers have reduced and delayed. The resistor supply continues to be tight since last year due to high demand; Ralec’s Malaysia factory has the advantage of risk diversification compare to other competitors in the Greater China Area that are only able to slowly increase their production output. The order placing momentum for Ralec in February was still strong, but our inventory is still low. In reaction to the supply/demand situation in the resistor market, we have announced resistor price increase to the EMS and distributor customers in the Greater China Area.
Company Deputy Spokesman