Country for PR: China
Contributor: PR Newswire Asia (China)
Thursday, October 28 2021 - 14:48
AsiaNet
JCET Continues Strong 2021 with Another Record High Performance in Q3
SHANGHAI, Oct. 28, 2021 /PRNewswire-AsiaNet/ --

JCET Q3 2021 Financial Highlights:

-Revenue was RMB 8.10 billion, an increase of 19.3% year on year. A record high 
third quarter in the company's history. 
-Generated RMB 1.91 billion cash from operations, an increase of 29.2% year on 
year. With net capex investments of RMB 1.27 billion, free cash flow for the 
quarter was RMB 0.64 billion. 
-Net profit was RMB 0.79 billion, a record high third quarter in the company's 
history. 
-Earnings per share was RMB 0.45, as compared to RMB 0.25 in Q3 2020. 
SHANGHAI, Oct. 27, 2021 /PRNewswire/ -- Today, JCET Group (SSE: 600584), a 
leading global provider of integrated circuit (IC) manufacturing and technology 
services announced its financial results for the third quarter of 2021. 
According to the financial report, JCET achieved revenue of RMB 8.10 billion in 
the third quarter, an increase of 19.3% year on year, and net profit of RMB 
0.79 billion, a record high third quarter in the company's history.

Ms. Janet Chou, CFO of JCET said, "We delivered another quarter of record highs 
in revenue and profit in Q3. Our balance sheet continues to be strengthened 
with significant improvements in our key financial metrics. JCET's outstanding 
performance in 2021 is the result of the successful execution of our focused 
growth strategy."

Mr. Li Zheng, CEO of JCET said, "After delivering record high results in the 
first half of 2021, JCET continued its positive momentum of steady growth in 
the third quarter. In the second half of this year, JCET's global manufacturing 
centers continue to optimize their mass production technologies and operational 
efficiency. All manufacturing centers continue to enhance their R&D and 
innovation capabilities for advanced technologies. In particular, the XDFOI(TM) 
series of products for 3D packaging was launched in July providing 
industry-leading ultra-high density heterogeneous integration solutions for a 
wide range of global customers engaged in high performance computing. The 
company's development over the past 50 years has built a solid foundation for 
the more internationalized management strategies implemented by JCET in recent 
years. With the support of shareholders and the collaborative efforts of all 
our employees, JCET is growing together with its customers and partners and has 
entered a new phase of technology leadership and steady growth."

Click to view: JCET 2021 Third Quarter 
Report(https://jcetglobal.com/uploads/JCET%20Finance%20Report%202021Q3.pdf)

About JCET Group

JCET Group is the world's leading integrated-circuit manufacturing and 
technology services provider, offering a full range of turnkey services that 
include semiconductor package integration design and characterization, R&D, 
wafer probe, wafer bumping, package assembly, final test and drop shipment to 
vendors around the world. 

Our comprehensive portfolio covers a wide spectrum of semiconductor 
applications such as mobile, communication, compute, consumer, automotive and 
industry etc., through advanced wafer level packaging, 2.5D/3D, 
System-in-Packaging, and reliable flip chip and wire bonding technologies. JCET 
Group has two R&D centers in China and Korea, six manufacturing locations in 
China, Korea and Singapore, and sales centers around the world, providing close 
technology collaboration and efficient supply-chain manufacturing to customers 
in China and around the world.



Source: JCET Group

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