Q2 2022 Financial Highlights：

Revenue was RMB 7.46 billion, an increase of 4.9% year on year. A record high 
second quarter in the company's history.
Generated RMB 1.04 billion cash from operations. With net capex investments of 
RMB 0.64 billion, free cash flow for the quarter was RMB 0.4 billion.
Net profit was RMB 0.68 billion.
Earnings per share was RMB 0.39, as compared to RMB 0.54 in Q2 2021.
1H 2022 Financial Highlights：

Revenue was RMB 15.59 billion, an increase of 12.8% year on year, a record high 
in the company's history.
Generated RMB 2.68 billion cash from operations. With net capex investments of 
RMB 1.51 billion, free cash flow for the first half of 2022 was RMB 1.17 
billion.
Net profit was RMB 1.54 billion, an increase of 16.7% year on year, a record 
high in the company's history.
Earnings per share was RMB 0.87, as compared to RMB 0.78 in 1H 2021.

Today, JCET Group (SSE: 600584), a leading global provider of integrated 
circuit (IC) manufacturing and technology services, announced its financial 
results for the first half year of 2022. The financial report shows that in the 
first half of 2022, JCET achieved revenue of RMB 15.59 billion, an increase of 
12.8% year on year, and net profit of RMB 1.54 billion, with an overall solid 
and positive performance.

In 2022, the global IC market showed local fluctuations, and the demand growth 
for individual applications slowed down. In the face of these market dynamics, 
JCET upheld its professional and international management strategies, leveraged 
its rich technology insights and global resource optimization, and focused on 
technologies and processes such as advanced packaging and high value-added 
applications, ensuring steady business operations while maintaining a solid 
upward development trend.

At the same time, JCET overcame the adverse impact of the recurring local 
COVID-19 epidemic to ensure stable and orderly production while achieving a 
series of milestones in innovative technology development and manufacturing 
expansion.

JCET increased its investment in production and technology development in the 
field of high-performance packaging and achieved new levels of packaging 
capabilities for chipsets for smartphones. At the same time, revenue from the 
automotive electronics and computing electronics markets increased 
significantly compared to the same period last year, showing that the company 
is continuing to optimize its product portfolio while focusing on markets of 
high value-added applications. With the cultivation of differentiated 
competitiveness, the company is building new momentum for further development. 
JCET's microelectronics wafer-level micro-system integration high-end 
manufacturing project officially started construction in July, which is an 
example of JCET's steady advancement of its business strategy in advanced 
packaging technology and high-end manufacturing. This will greatly enhance 
JCET's innovation and manufacturing capability to better meet the needs of 
global customers and to build up the future growth of the company.

Mr. Li Zheng, CEO of JCET said, "Due to the superimposed impact of the domestic 
epidemic and the fluctuation of the global economic situation, the overheated 
semiconductor IC market is likely to enter a downward cycle, especially the 
decline of the domestic cell phone market and consumer market. This will put 
certain pressure on the capacity efficiency of the company's domestic plants, 
and the orders from relevant markets are not optimistic. The company will 
continue to promote lean production and optimization of our product portfolio, 
and continue to actively invest in technology development and advanced 
production capacity in the field of high-performance packaging and testing to 
lay a solid foundation for future stable development."

For more information, please refer to the JCET 1H FY2022 Report. 
(https://www.jcetglobal.com/uploads/JCET%20Finance%20Report%202022Q2.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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