JCET Group anticipates strong growth in 2024 and Q1 2025

JCET Group (SSE:600584) announced preliminary results for 2024 and Q1 2025, indicating significant growth. The company estimates a 21.2% year-over-year increase in total revenue for 2024, reaching CNY359.6 billion. Net profit attributable to shareholders is expected to rise by 9.5% to CNY16.1 billion, while net profit attributable to shareholders, excluding non-recurring gains and losses, is estimated at CNY15.5 billion, an increase of 17.4%. The company attributes this performance to its focus on international markets, optimization of product structures, and enhanced cost control in key application areas such as communications, consumer electronics, computing, and automotive electronics. Looking ahead to the first quarter of 2025, JCET anticipates continued growth with net profit attributable to shareholders projected to increase by approximately 50% year-over-year to around CNY2.0 billion. The results are preliminary and subject to audit.