Chilisin Group Consolidation Revenue- August.2020
2020-09-07Chilisin Group reports August 2020 consolidated revenue of US$52.312 million, recording revenue down 2.16% MoM and up 11.30% YoY, with accumulated 2020 revenue of US$377.169 million, up 7.69% YoY.
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Chilisin Group reports August 2020 consolidated revenue of US$52.312 million, recording revenue down 2.16% MoM and up 11.30% YoY, with accumulated 2020 revenue of US$377.169 million, up 7.69% YoY. For the inductor products, the demands for remote working/learning related products continue to rise, both the shipping volume and revenue for these products are expected to increase consistently. For the resistor products, the strong demands carried over from last month and the end customers and distributors have also started to restock their inventories. The August revenue for resistors has reached a new high for the year. For the ferrite material products, the demands from the European and Greater China area customers have gradually returned, with notable increase in the volume of the products shipped to these customers. The consolidated revenue has seen 2 months of consecutive double digits YoY growth; we expect the order shipping momentum to sustain in September.
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