JCET Finished Strong 2021 Leveraging Innovative Technologies and Manufacturing Core Competencies to Provide Value to Customers
PR95249
SHANGHAI, Mar. 31, 2022 /PRNewswire=KYODO JBN/--
Q4 2021 Financial Highlights:
-Revenue was RMB 8.59 billion, an increase of 11.5% year on year. A record high
fourth quarter in the company's history.
-Generated RMB 2.64 billion cash from operations, an increase of 46.2% year on
year. With net capex investments of RMB 1.34 billion, free cash flow for the
quarter was RMB 1.30 billion.
-Net profit was RMB 0.84 billion, a record high fourth quarter in the company's
history.
-Earnings per share was RMB 0.49, as compared to RMB 0.34 in Q4 2020.
Full Year 2021 Financial Highlights:
-Revenue was RMB 30.50 billion, an increase of 15.3% year on year. A record high
in the company's history.
-Generated RMB 7.43 billion cash from operations, an increase of 36.7% year on
year. With net capex investments of RMB 4.09 billion, free cash flow was RMB
3.34 billion.
-Net profit was RMB 2.96 billion, a record high in the company's history.
-Earnings per share was RMB 1.72, as compared to RMB 0.81 in 2020.
-- JCET (SSE: 600584), a leading global provider of integrated circuit (IC)
manufacturing and technology services, today announced its full year financial
results for the year ended December 31, 2021. According to the financial
report, in 2021 JCET achieved robust growth and historical profitability, with
revenue of RMB 30.5 billion and net profit of RMB 2.96 billion.
In 2021, JCET further enhanced its international operations and management,
integrated and improved the efficiency of its global resources, and
strengthened the synergy among its global manufacturing operations. JCET's 6
factories are moving forward in tandem, and through lean production and
continuous improvements in cost control, JCET's sustainable profitability has
been further enhanced. At the same time, through diversified optimization and
integration, JCET's supply chain is more robust and resilient. These all enable
JCET to provide timely, sustainable, stable and high-quality products and
services to its global customers.
Over the past three years, JCET's revenue and profit have improved
significantly, and the company's operations and production have entered a
steady cycle, with a long-term mechanism for stable growth gradually taking
shape. The investment in fixed assets and forward-looking R&D is becoming
stronger and more strategic. With last year's completion of the RMB 5 billion
private placement, acquisition of ADI's Singapore test facility and mass
production of the new plant in Suqian, JCET has built up its capability to
serve a diversified customer base, operating from a position of strength.
"In 2021, JCET continued to strengthen its level of professional and
international management, and production efficiency was further improved." said
Mr. Li Zheng, JCET's Chief Executive Officer. "At the same time, the company's
advantages in technological innovation and our global production structure have
been further optimized, thereby positioning us to achieve solid growth in our
performance throughout the semiconductor supply and demand cycle. With the
evolution from 'packaging and testing' to 'chipset backend manufacturing', the
value of packaging and testing in the industry will be re-perceived and will
promote the multi-party synergistic development of IC ecology, bringing new
development opportunities for the company. In 2022, the JCET management team is
confident that we will be able to continue our upward momentum and create value
for our customers by providing the best products and services," continued Mr.
Zheng.
For more information, please refer to the JCET FY2021 Report:
(https://www.jcetglobal.com/uploads/JCET-Group-2021-Report.pdf).
Source: JCET Group
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