Chilisin Group Consolidation Revenue- October.2020
2020-11-05Chilisin Group reports October 2020 consolidated revenue of US$49.702 million, recording revenue down 9.06% MoM but up 12.78% YoY, with accumulated 2020 revenue of US$483.47 million, up 9.09% YoY.
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Chilisin Group reports October 2020 consolidated revenue of US$49.702 million, recording revenue down 9.06% MoM but up 12.78% YoY, with accumulated 2020 revenue of US$483.47 million, up 9.09% YoY. For the inductor products, the sales are stable for the mobile phones and remote working/learning related products; the volume for the LTCC sales also continues to increase. For the resistor products, the market demands continue to be strong and the order visibility has been expanded. For the ferrite material products, the recovery of the automotive market is evident, both the order placing and shipping volume continue to rise. Although there were reduced working days in October due to the China National Day Golden Week holiday, the October revenue still had a double-digit growth YoY. We expect the market demands for Q4 to remain solid and the order shipping momentum continues.
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