Chilisin Group Consolidation Revenue - November.2020
2020-12-07Chilisin Group reports November 2020 consolidated revenue of US$51.165 million, recording revenue up 2.65% MoM and up 14.2% YoY, with accumulated 2020 revenue of US$536 million, up 9.56% YoY.
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Chilisin Group reports November 2020 consolidated revenue of US$51.165million, recording revenue up 2.65% MoM and up 14.2% YoY, with accumulated 2020 revenue of US$536 million, up 9.56% YoY. For the inductor products, the order pulling momentum was impacted due to the shortage of some key components on the end customers’ side, but the demand has not decreased. For the resistor products, the order booking momentum is gradually warming up as the inventory levels of the end customers are still low. For the ferrite material products, benefited from the automotive market warming up in Europe and the rush orders coming from the Greater China Area, the demand continues to increase. The group’s consolidated revenue of November is US$51.165 million. The post COVID-19 era has brought up the demands for the information and communication related products and the automotive market has seen its worst and is recovering progressively. We expect the overall demands in Q4 to remain stable and the YoY shipping volume will continue to grow.
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