JCET reports record revenue growth after strong 2024 performance

In Shanghai, on April 20, 2025, JCET announced its financial results for Q4 2024 and the entire year. The company reported a revenue of RMB 10.98 billion for the fourth quarter, marking a 19.0% increase year-on-year and a 15.7% quarter-on-quarter growth. For the full year of 2024, JCET achieved a revenue of RMB 35.96 billion, representing a substantial 21.2% increase compared to the previous year. This performance has not only set a record for the company but also underscores its strong competitive position in the semiconductor industry. As consumer demand for advanced technology continues to rise, JCET's focus on innovative manufacturing processes positions it well for future growth. Additionally, net profit for Q4 reached RMB 0.53 billion, reflecting a 7.3% year-on-year rise, while net profit for the full year was RMB 1.61 billion, an increase of 9.4%. The growth in profits aligns with the rising revenue and is indicative of effective cost management and operational efficiency within the company. Furthermore, free cash flow for the quarter and the full year suggests a healthy financial status, with RMB 0.41 billion and RMB 1.26 billion reported, respectively. Such financial stability allows JCET to continue investing in technology and infrastructure, crucial for maintaining its competitive edge in the market. In terms of operational capacity, JCET has reported a significant increase in production capabilities, with advanced packaging accounting for over 72% of total annual revenue. This increase emphasizes the company's strategic shift towards high-value segments, including mobile, communication, automotive, and industrial applications. The full capacity utilization of wafer-level packaging and high-end testing operations points to JCET's commitment to meeting the growing demand for advanced semiconductor solutions. Looking ahead, JCET is also focused on expanding its production base. The new Automotive Chip Back-End Manufacturing Base in Shanghai is set to come online in the latter half of 2025, reinforcing its strategy to tap into the automotive electronics market, which is rapidly evolving due to the influx of electric and autonomous vehicles. This proactive approach, coupled with a strong investment in innovative packaging technologies, is expected to be pivotal in enhancing JCET’s market offerings and growth trajectory amid a highly competitive landscape.