PR92638

SHANGHAI, Oct. 28, 2021 /PRNewswire=KYODO JBN/ --

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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