Chilisin Consolidation Revenue- March.2020

2020-04-07

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 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.

Ferroxcube’s individual revenue of March 2020 was US$5.790 million, up 8.07% MoM but down 9.62% YoY. With the continuing downturn of the automotive industry and the COVID-19 epidemic impacts to the European and U.S. customers, the order shipping momentum has weakened as customers have further delayed their demands for order pulling. However, the Greater China Area customers are recovering rapidly to resume their productions and the order shipping and booking have been stabilized that contributed to our revenue in March. Ferroxcube continues to lower its production cost and improve competitiveness, with the goal of satisfying customer needs as a priority.


 

Company Spokesman
Karen Yang
Manager
Phone : 886-3-5992646 Ext #236
Email: ir@chilisin.com

 

Company Deputy Spokesman
Kenny Chen
Manager
Phone: 886-3-5992646 Ext#293
Email: ir@chilisin.com