Chilisin Group Reports 2nd Quarter of 2020
2020-08-12Chilisin Group reports 2020 Q2 financial results with consolidated revenue of US$150.07 million, 30.90% Gross Margin Rate and EPS after tax of 0.0771 USD.
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Chilisin’s Board of Directors has approved 2020 Q2 financial results. The total consolidated revenue was US$150.07 million, up 12% YoY. The gross margin was US$46.34 million, up 31.70% YoY. The gross margin rate has increased from last Q2’s 26.30% to 30.90%. The earning after tax was US$19.90 million, up 93.60% YoY. EPS after tax was US$0.0771. The group’s consolidated revenue for the first half of 2020 was US$270.89 million, up 5.2% YoY. The gross margin was US$76.77 million, up 7.9% YoY. The gross margin rate has increased from 2019 1H’s 27.52% to 28.34%. The earning after tax was US$28.67 million, up 35.6% YoY. EPS after tax was US$0.1114, up 28.5% YoY. In 2020 Q2, driven by the COVID-19 pandemic, the market demands had increased rapidly for stay home economy, remote learning and working, cloud computing and high-speed data streaming. Not only the shipping volume for the above markets/products had increased dramatically, but also the generated revenue had hit several high points in record history. Our factories in various global locations were also no longer under the impacts of the shutdowns and had resumed their full production. Consequently, the production outputs were increased significantly in order to satisfy strong market demands.
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