Chilisin Group Consolidation Revenue - December.2020
2021-01-07Chilisin Group reports December 2020 consolidated revenue of US$51.736 million, recording revenue up 0.79% MoM and up 13.3% YoY, with accumulated 2020 revenue of US$589.45 million, up 9.88% YoY.
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Chilisin Group reports December 2020 consolidated revenue of US$51.736 million, recording revenue up 0.79% MoM and up 13.3% YoY, with accumulated 2020 revenue of US$589.45 million, up 9.88% YoY. For the inductor products, the demand for the communication and NB products has not slowed down and the Molding inductor supplies are still tight. For the resistor products, the order booking momentum continues to be strong as the customers are restocking their inventories and stocking up supplies in advance. For the ferrite material products, although with reduced shipping days due to the holiday season in the U.S. and Europe, the volume of the orders booked had reached a new high of the year. Despite of the year-end stocktaking factor, the revenue of December still seen growth MoM. Looking ahead to 2021, the demand for the stay home economy related products, driven by the COVID-19 pandemic expects to continue, and the automotive market gradually recovers. The shipping volume in the first quarter of 2021 should continue to increase.
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