Source: DigiTimes news
Passive components vendor Chilisin Group has reported consolidated revenues of NT$1.27 billion (US$41.3 million) for March 2019, up 27.5% sequentially, with its aggregate revenues for the first quarter surging 20.27% on year to NT$3.698 billion. The group expects its revenues to pick up steadily in the second quarter of the year.
A breakdown showed that the group’s three inductor subsidiaries posted sequential increases and on-year declines in March revenues. Chilisin Electronics scored revenues of NT$436 million for the month, up 31.34% on month but down 18.87% on year. MagLayers posted revenues of NT$241 million, for a sequential rise of 43.98% and annual fall of 7.72%. And Magic Technology netted revenues of NT$132 million, showing on-month increase of 59.3% and on-year drop of 13.28%, according to sources from the group.
The high double-digit monthly increases for the March revenues recorded by the inductor subsidiaries were mainly attributed to significant ramp-up in orders received and fulfilled in the month, indicating the inductor market’s gradual recovery amid easing US-China trade tensions and low inventories at clients.
But the subsidiaries saw demand from the networking communication sector decline in March from a year earlier while also suffering from continued supply shortages of midrange and low-tier Intel CPUs in the month, causing their March revenues to fall from a year earlier.
Chilisin’s resistor subsidiary Ralec registered revenues of NT$271 million for March, increasing 14.62% on month due mainly to rush orders placed by terminal clients to replenish their inventories. Nevertheless, the March revenues represented an annual contraction of 38.25%.
As to Ferroxcube, a subsidiary dedicated to supplying ferrite materials, raked in revenues of NT$193 million in March, rising 7.25% on month and 8.89% on year due mainly to inventory replenishment by China clients after the Lunar New Year holidays.
The group is optimistic about overall revenue and shipment prospects for 2019, thanks to gradual easing of China-US trade spats and increasing demand from automotive, AI and 5G application sectors.
