JCET Reports Historic Financial Performance for 2024
JCET Reports Impressive 2024 Financial Results
In an exciting turn of events, JCET Group has made headlines by announcing its remarkable financial performance for the year 2024. Achieving a record-high revenue, this leading global provider of integrated circuit (IC) back-end manufacturing and technology services has truly set a commendable benchmark in the industry.
Record-Setting Q4 Financial Achievements
As we delve into the financial highlights for the fourth quarter of 2024, the figures showcase an impressive rise. Revenue reached RMB 10.98 billion, marking an exceptional increase of 19.0% year-on-year. This not only indicates significant growth but also highlights a quarter-on-quarter increase of 15.7%, establishing it as a record quarter in the company’s history.
Q4 Highlights
In Q4, the net profit attributable to owners of the parent was RMB 0.53 billion, reflecting a healthy increase of 7.3% year-on-year and a 16.7% rise from the previous quarter. The operational cash flow generated was RMB 1.90 billion, and after accounting for net capital expenditures of RMB 1.49 billion, the free cash flow for the quarter stood at RMB 0.41 billion. Earnings per share were reported at RMB 0.3, showcasing solid financial health.
Financial Overview for Full Year 2024
The annual revenue for 2024 reached a staggering RMB 35.96 billion, indicating a year-on-year increase of 21.2%. The net profit attributable to owners rose to RMB 1.61 billion, marking a notable growth of 9.4%. Furthermore, cash generated from operations for the year amounted to RMB 5.83 billion, contributing to a commendable free cash flow of RMB 1.26 billion after capital investments.
Business Strategy and Market Position
JCET's strategic focus on enhancing customer loyalty through advanced technological applications has clearly paid off. In 2024, the company significantly increased its investments in advanced packaging technologies. Despite experiencing short-term cost pressures, JCET remains optimistic about long-term growth driven by innovation and intelligent applications.
Innovations and Technological Advancements
Technological innovation is at the heart of JCET’s mission. The company’s R&D expenditures in 2024 amounted to RMB 1.72 billion, increasing by 19.3% from the previous year. With the filing of 587 new patent applications, JCET now boasts a robust patent portfolio totaling 3,030 patents.
Advancements in Packaging Technologies
Through the introduction of its multi-dimensional fan-out packaging integration platform, XDFOI, JCET has achieved stable mass production across various solutions. Innovations in traditional packaging technologies, such as the HFBP dual-sided heat dissipation packaging, continue to enhance product quality and performance, establishing JCET’s competitive edge in the global market.
Major Projects and Future Directions
In the ongoing quest for industry advancement, JCET has been ramping up capital expenditures strategically to refine its operational footprint. Notably, the acquisition of an 80% stake in SanDisk in Shanghai further consolidates JCET’s position. Additionally, new manufacturing bases in Jiangyin and Shanghai are set to enhance capabilities and meet market demands.
CEO's Vision for Growth
Mr. Li Zheng, CEO of JCET, emphasized the company’s commitment to accelerating transformation toward high value-added business segments in light of prevailing market shifts. He indicated that collaborative engagement across the industry is essential to driving future growth and innovation.
About JCET Group
As the world’s premier integrated circuit back-end manufacturing and technology services provider, JCET Group extends a broad spectrum of turnkey solutions. These include aspects like semiconductor package integration design and development, wafer probing, bumping, assembly, and testing. With a robust presence across China, Korea, and Singapore, JCET continues to foster technology collaboration globally.
Frequently Asked Questions
What were JCET's revenue figures for 2024?
JCET reported a record revenue of RMB 35.96 billion for 2024, up 21.2% from the previous year.
How has JCET's profit changed in Q4 2024?
The net profit for Q4 2024 was RMB 0.53 billion, reflecting a 7.3% increase year-on-year.
What innovations did JCET focus on in 2024?
JCET concentrated on advanced packaging technologies and filed 587 new patents, enhancing their technological portfolio.
What is JCET's strategy for growth?
JCET aims to focus on high value-added segments and strengthen collaborative, open engagement within the semiconductor industry.
Where are JCET's manufacturing and R&D facilities located?
JCET has R&D centers in China and Korea, with manufacturing sites across China, Korea, and Singapore, ensuring efficient supply-chain manufacturing.
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