JCET, Fifty years of Unremitting Efforts

On November 11, 2022, JCET celebrated the 50th Anniversary of its founding in Jiangyin city China. The management team and staff representatives participated in the activity, recalling the enterprise's history over the past half a century, and wishing the company a new starting point and a more brilliant new journey in the future.

The commemorative book for the 50th anniversary of JCET "Ride the wind and waves", commemorative albums, and documentaries were also presented at the ceremony.

Looking back half a century ago, Jiangyin Transistor Factory, the predecessor of JCET Group, was born in 1972 on the eve of the large-scale development of China's semiconductor industry. A group of tailors took the first step in semiconductor manufacturing from scratch. In the 1980s, Jiangyin Transistor Factory began the initial exploration of "semiconductor back-end manufacturing". In 1989, the company's first integrated circuit automation production line was put into production.

In 2000, the company was officially restructured into JCET Group. Since then, relying on the courage of pioneering and enterprising and the courage of self-reform, JCET has completed its listing on the Shanghai stock market, international acquisitions, and has become one of the top three in the industry globally.

JCET started a new round of corporate governance in 2019, including the reorganization of the Board of Directors, and the new leadership fully implemented professional and international management aiming at the company's weaknesses. In 2019 JCET turned losses into profits, and continued to improve its profitability and management quality in the following years. The net profit attributable to the parent company increased from RMB 90 million in 2019 to RMB 2.96 billion in 2021, and the net profit margin increased from 0.4% in 2019 to 9.7% in 2021.

This year, the global semiconductor market experienced cyclical fluctuations. Relying on the product and technology advantages in the advanced packaging and the international and domestic “dual circulation”, the company overcame the trend and achieved record high growth in the first three quarters of this year.

Mr. Li Zheng, CEO of JCET Group, said at the event: "How did an integrated circuit packaging and testing enterprise, which needs heavy investment but returned slowly, gradually become an industry leader after 50 years? To sum up, one of the core elements is that the company always maintained a culture of keeping pace with the times and self-innovation. This encourages the JCET people from generation to generation to accept challenges, improve themselves, and even deny the backward part of themselves, constantly writing new chapters in the development of enterprises."