JCET Continues Solid Growth Momentum in Q1 2022
PR95769
SHANGHAI, April 30, 2022 /PRNewswire=KYODO JBN/
Continued Optimization of Product Portfolio and Focus on High Value-Added
Applications
Q1 2022 Financial Highlights
- Revenue was RMB 8.14 billion, an increase of 21.2% year on year. A record
high first quarter in the company's history.
- Generated RMB 1.64 billion cash from operations, an increase of 36.1% year on
year. With net capex investments of RMB 0.87 billion, free cash flow for the
quarter was RMB 0.77 billion.
- Net profit was RMB 0.86 billion, a record high first quarter in the company's
history.
- Earnings per share was RMB 0.48, as compared to RMB 0.24 in Q1 2021.
Today, JCET (SSE: 600584), a leading global provider of integrated circuit (IC)
manufacturing and technology services, announced its financial results for the
first quarter of 2022. The financial report shows that the company had a
positive start in 2022, achieving revenue of RMB 8.14 billion in the first
quarter, up 21.2% year-on-year, and net profit of RMB 0.86 billion, both record
high first quarter in the company's history.
As IC back-end manufacturing technology continues to develop in the direction
of high density and low power consumption, various IC packaging solutions
provide higher added value to the semiconductor industry. JCET managed well the
market fluctuations and challenges by continuously optimizing its product
portfolio and focusing on high value-added applications. JCET improved its
market competitiveness, which was widely recognized and affirmed by customers.
JCET proactively took various preventive solutions and control measures to
protect its employees' health and safety and maintain operation continuity
under the current Covid-19 situation. In addition, JCET took corporate social
responsibility actions and was involved deeply in local community anti-pandemic
activities through charitable donations and other means. These activities
contributed to our local communities and supported economic growth.
"The growth of demand for market innovation will drive the steady growth of IC
back-end manufacturing market in the coming years," said Mr. Li Zheng, Chief
Executive Officer of JCET. "JCET is focusing on high value-added market
application areas such as automotive electronics, power devices, and
high-performance computing. This will expand our technology advantages and mass
production competitive advantages that we accumulated over the years in the
fields of high-density wire bond package, system-in-package, wafer level
packaging, high-reliability discrete devices, etc. We strive to overcome the
market fluctuations and supply chain uncertainties under the current Covid-19
pandemic situation. JCET will continue to provide high-quality production and
technology services to our customers." Mr. Li Zheng added "JCET announced the
implementation of an equity incentive plan for employees for the first time in
the company's 19 years of history. The plan will drive sustainable growth,
secure shareholders' interests, and motivate our employees. With the strong
support from our customers, shareholders, and partners, we have a high sense of
responsibility and strong confidence for the company's future development."
For more information, please refer to the JCET Q1 FY2022 report
(https://www.jcetglobal.com/uploads/JCET%20Finance%20Report%202022Q1.pdf).
SOURCE JCET Group
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