Chilisin Group Reports 4th Quarter of 2020
2021-02-18Chilisin Group reports 2020 Q4 self-accounting financial results with consolidated revenue of US$153.07 million, 22.89% Gross Margin Rate and EPS after tax of $0.0243. Y2020 EPS after tax was $0.2086.
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Chilisin reports 2020 Q4 self-accounting financial results. The total consolidated revenue was US$153.07 million, up 13.4% YoY. The gross margin was US$35.04 million, up 70.4% YoY. The gross margin rate has increased from 2019 Q4’s 15.24% to 22.29%. The earning after tax was US$6.19 million, up 23.0% YoY. EPS after tax was US$0.0243. The group’s consolidated revenue for Y2020 was US$589.45 million, up 9.9% YoY. The gross margin was US$158.52 million, up 27.3% YoY. The cumulate gross margin rate has increased from Y2019’s 23.21% to 26.89%. The earning after tax was US$53.81 million, up 38.4% YoY. EPS after tax was US$0.2086, up 31.0% YoY. In 2020 Q4, the demand for 5G, WiFi6 and Stay-Home economy related products continues. In order to improve the production efficiency of the factories and accelerate the reduction of production costs, we recognized the one-time cost for the consolidation of the factories, which expects to increase the profitability of the Group's future operations.
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