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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