JCET Net Profit Projected to More than Double According to 2021 Half-Year Earnings Pre Announcement

Shanghai, China, July 1, 2021 --- Today, JCET Group, a global leading provider of integrated circuit (IC) manufacturing and technology services, announced unaudited preliminary half-year profit results for 2021. 

From January 1, 2021 to June 30, 2021, net profit attributable to shareholders will be around RMB 1.28 billion, an increase of RMB 914 million and 249% compared with the same period of the previous year. The net profit attributable to shareholders excluding non-recurring gains and losses is approximated to be RMB 910 million, an increase of RMB 614 million compared with the same period of the previous year. The preliminary results are an estimate based on the operating conditions and have not been audited by a certified public accountant. 

The performance growth is primarily driven by strong demand from both international and domestic customers. Factories worldwide continue to tighten costs and optimize product structures, which resulted in significant profitability improvement. The company's efforts in lean manufacturing management, financial structure improvement, and global talents acquisition are paying off. With a focus on maximizing the synergy among the companies under the Group, enhancing technology innovation capabilities, and optimizing the production capacity layouts, JCET is committed to drive long-term sustainable profitable growth as a leading provider of world-class products and services.