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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