chip plant operating rate had improved to an average height in 2019

As for the profit margin, due to falling CPL cost in Apr, CS chip market, based on a hand-to-mouth purchasing mode, enjoyed increasing profit. HS chip sellers had reinforced their contract sales in Apr, and this had enhanced a long-term profit and stability.

Benefiting from de-stock and rising profit, chip plant operating rate had improved to an average height in 2019 by the end of Apr 2020.