Chilisin Group Reports 3rd Quarter of 2020
2020-11-11Chilisin Group reports 2020 Q3 financial results with consolidated revenue of US$160.98 million, 28.2% Gross Margin Rate and EPS after tax of 0.0709
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Chilisin’s Board of Directors has approved 2020 Q3 financial results. The total consolidated revenue was US$160.98 million, up 15% YoY. The gross margin was US$45.43 million, up 43.3% YoY. The gross margin rate has increased from last Q3’s 22.7% to 28.2%. The earning after tax was US$18.46 million, up 49.4% YoY. EPS after tax was US$0.0709. The group’s consolidated revenue for the three quarters of 2020 was US$433.77 million, up 8.7% YoY. The gross margin was US$122.75 million, up 18.8% YoY. The cumulate gross margin rate has increased from 2019 three quarter’s 25.89% to 28.3%. The earning after tax was US$47.33 million, up 40.7% YoY. EPS after tax was US$0.1831, up 32.9% YoY. In 2020 Q3, driven by the COVID-19 pandemic, the shipping momentum for the stay home economy, remote learning and working, cloud computing and high-speed data streaming related products carried over from 2020 Q2 and continued throughout Q3. The group’s Q3 revenue had reached a second highest in record history.
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