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Chilisin Consolidation Revenue- December 2017

Chilisin Reported Revenue for December 2017 reachedd 35.1MUSD, YoY Growth 130.96%
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Chilisin group is announcing the consolidated monthly revenue of US$35.1 million for December 2017, which represented -6.14% decline compared to the previous month, and 130.96% growth compared to the same period of previous year. The accumulated revenue reached US$418.3 million, YoY 133.13%.
Chilisin individual revenue in December was US$17.49 million, -2.45% MoM and 14.88% YoY. The accumulated revenue of Jan-Dec 2017 was US$200.13 million, delivering 11.54% growth compared to the same period of previous year. Ralec individual revenue reached US$12.58 million, -6.17% MoM, which contributed 3.92% growth YoY. The accumulated Jan-Dec 2017 revenue of Ralec was US$148.53 million, 7.14% growth YoY. Ferroxcube individual revenue reached US$5.05 million, -16.94% MoM, but contributed 22.29% growth YoY. The accumulated Jan-Dec 2017 revenue of Ferroxcube was US$69.64 million, 9.18% growth YoY.

Chilisin revenue of December was declined slightly compared to the previous month, which was resulted by the year-end stock check. The shipment and orders of molding and multilayer type inductors kept growing. Ralec’s December revenue declined due to the customer’s year-end stock check, but the demand of small size resistors and chip resistor array was still strong. Ferroxcube December revenue was also declined because of the long holidays in Europe and US market. With the early engagement of Automotive market, Ferroxcube has had capacity expansion ready in Poland and China on mid and high end products to fulfill automotive application demand.

Looking into the future, Chilisin’s orders of molding choke and small sized RF inductors keep increasing. Global brands of tablet and mobile phone makers, and Automotive customers, keep placing forecast orders to Chilisin for stocking preparation. Ralec faced price surge of material and low inventory level, together with the China pollution control policy, and the resistor market seems in tight supply. Ralec has executed price increase to certain distributors on certain product lines to better control the supply priority. Ferroxcube continues to receive orders in every region. The Poland and China factory capacity was fully loaded without annual overhaul to fulfill market demand. Chilisin also announced to merge Mag-Layers on 3rd of January. Mag-Layers is Taiwanese key supplier of inductor and LTCC (Low Temperature Co-Fired Component). Through the alliance of Taiwan top two inductor suppliers, Chilisin group expected to have positive performance for Year 2018.

On 23rd January, 2017, Chilisin announced to merge Yageo’s 100% subsidiary, Ferroxcube International Holding B.V. (Ferrite Material BU), and has completed the legal transfer on 1st of August, 2017. At the same date, Chilisin board of directors agreed to merge Ralec Corporation, which was invested by Yageo. The stock exchange with Ralec has been completed by 30 of June, 2017 and Ralec has officially been one of Chilisin’s 100% owned subsidiary. Since above two transactions belong to organization restructure under the same holdings, the financial reports needs to be re-compiled under the regulations of competent authority and IFRS.
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Company Spokesman
Wayne Tyan
Vice President
Phone : 886-3-5992646 Ext #387
Email: ir@chilisin.com

Company Deputy Spokesman
Meg Cheng
Special Assistant
Phone: 886-3-5992646 Ext #520
Email: ir@chilisin.com 

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