PR97483

SHANGHAI, Aug. 18, 2022 /PRNewswire=KYODO JBN/

Q2 2022 Financial Highlights：

Revenue was RMB 7.46 billion, an increase of 4.9% year on year. A record high

second quarter in the company's history.

Generated RMB 1.04 billion cash from operations. With net capex investments of

RMB 0.64 billion, free cash flow for the quarter was RMB 0.4 billion.

Net profit was RMB 0.68 billion.

Earnings per share was RMB 0.39, as compared to RMB 0.54 in Q2 2021.

1H 2022 Financial Highlights：

Revenue was RMB 15.59 billion, an increase of 12.8% year on year, a record high

in the company's history.

Generated RMB 2.68 billion cash from operations. With net capex investments of

RMB 1.51 billion, free cash flow for the first half of 2022 was RMB 1.17

billion.

Net profit was RMB 1.54 billion, an increase of 16.7% year on year, a record

high in the company's history.

Earnings per share was RMB 0.87, as compared to RMB 0.78 in 1H 2021.

Today, JCET Group (SSE: 600584), a leading global provider of integrated

circuit (IC) manufacturing and technology services, announced its financial

results for the first half year of 2022. The financial report shows that in the

first half of 2022, JCET achieved revenue of RMB 15.59 billion, an increase of

12.8% year on year, and net profit of RMB 1.54 billion, with an overall solid

and positive performance.

In 2022, the global IC market showed local fluctuations, and the demand growth

for individual applications slowed down. In the face of these market dynamics,

JCET upheld its professional and international management strategies, leveraged

its rich technology insights and global resource optimization, and focused on

technologies and processes such as advanced packaging and high value-added

applications, ensuring steady business operations while maintaining a solid

upward development trend.

At the same time, JCET overcame the adverse impact of the recurring local

COVID-19 epidemic to ensure stable and orderly production while achieving a

series of milestones in innovative technology development and manufacturing

expansion.

JCET increased its investment in production and technology development in the

field of high-performance packaging and achieved new levels of packaging

capabilities for chipsets for smartphones. At the same time, revenue from the

automotive electronics and computing electronics markets increased

significantly compared to the same period last year, showing that the company

is continuing to optimize its product portfolio while focusing on markets of

high value-added applications. With the cultivation of differentiated

competitiveness, the company is building new momentum for further development.

JCET's microelectronics wafer-level micro-system integration high-end

manufacturing project officially started construction in July, which is an

example of JCET's steady advancement of its business strategy in advanced

packaging technology and high-end manufacturing. This will greatly enhance

JCET's innovation and manufacturing capability to better meet the needs of

global customers and to build up the future growth of the company.

Mr. Li Zheng, CEO of JCET said, "Due to the superimposed impact of the domestic

epidemic and the fluctuation of the global economic situation, the overheated

semiconductor IC market is likely to enter a downward cycle, especially the

decline of the domestic cell phone market and consumer market. This will put

certain pressure on the capacity efficiency of the company's domestic plants,

and the orders from relevant markets are not optimistic. The company will

continue to promote lean production and optimization of our product portfolio,

and continue to actively invest in technology development and advanced

production capacity in the field of high-performance packaging and testing to

lay a solid foundation for future stable development."

For more information, please refer to the JCET 1H FY2022 Report.

(https://www.jcetglobal.com/uploads/JCET%20Finance%20Report%202022Q2.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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