Chilisin Group Consolidation Revenue- March.2020
2020-04-07Chilisin Group reports March 2020 consolidated revenue of US$46.496 million, recording revenue up 45.64% MoM and up 10.22% YoY, with accumulated 2020 revenue of US$120.106 million, down 2.07% YoY.
Chilisin Group reports March 2020 consolidated revenue of US$46.496 million, recording revenue up 45.64% MoM and up 10.22% YoY, with accumulated 2020 revenue of US$120.106 million, down 2.07% YoY. Chilisin’s individual revenue of March 2020 was US$17.279 million, up 38.34% MoM and up 19.51% YoY. MagLayers’ individual revenue of March 2020 was US$10.032 million, up 88.54% MoM and up 25.70% YoY. Magic’s individual revenue of March 2020 was US$4.065 million, up 141.50% MoM but down 6.84% YoY. The above-three mentioned inductor companies’ revenue of March grew 60.94% MoM and 17.06% YOY. The global epidemic has changed the overall market needs, the demand has increased rapidly for stay home economy, remote learning and working, cloud computing and high-speed data streaming. In turn, resulting in strong demands from NB, servers and networking product customers. Along with the resumed productions of the Greater China Area customers, the inductor business was benefited as a result. Compare to 2019 Q1, 2020 Q1 has a 3.76% growth. Ralec’s individual revenue of March 2020 was US$9.330 million, up 31.9% MoM and 3.94% YoY. The resistor supply continues to be tight due to the shortage of resistors, low utilization rate and the related impacts from the COVID-19 epidemic. In accordance with the Malaysia government’s shutdown policy, we have redistributed our production output from our other factories to support our customer demands. At the meantime, we are actively working with the Malaysia authorities to resume our maximum production output as soon as possible.
*Each monthly figures are based on exchange rate of the reporting month, for reference purpose only.
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