Chilisin Group Consolidation Revenue- June.2020
2020-07-06Chilisin Group reports June 2020 consolidated revenue of US$48.331 million, recording revenue slightly down 1.43% MoM but up 8.64% YoY, with accumulated 2020 revenue of US$270.266 million, up 5.25% YoY.
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Chilisin Group reports June 2020 consolidated revenue of US$48.331 million, recording revenue slightly down 1.43% MoM but up 8.64% YoY, with accumulated 2020 revenue of US$270.266 million, up 5.25% YoY. For the inductor products, the order placing and shipping momentum continued to be solid for the molding product series and products for educational/gaming laptops. The overall revenue has a notable growth compare to last year. For the resistor products, the shipping was strong in June and the revenue has reached another new high for the year. For the ferrite material products, the outcome of acquiring new customers should contribute to the increasing of the shipping momentum for 2H20. In retrospect, although there were Dragon Boat Festival holidays and mid-year stocktaking in June that some shipment got postponed, the group revenue was only dropped slightly MoM, but YoY continued to grow. Coming into the third quarter, we expect the shipments for 5G market related products to gradually increase. The group will be well prepared to face the upcoming growing demands from the new markets.
*Each monthly figures are based on exchange rate of the reporting month, for reference purpose only.
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