JCET Group achieves record revenue, expands capacity, navigates challenges

Jiangsu Changdian Technology Co., Ltd (JCET Group), a leading integrated circuit manufacturer, today announced its 2024 annual results, showcasing significant growth alongside strategic investments and adaptations. The Shanghai-listed company (SSE:600584) reported revenue of CNY 35.96 billion, a 21.24% increase compared to the previous year. Net profits attributable to shareholders also rose by 9.44% to CNY 1.61 billion. In light of market changes, JCET is focused on high-performance packaging technologies and is expanding into growing areas like automotive electronics. To support this, a CNY 8.5 billion capital expenditure project has been approved for 2025, funded by company resources. Moreover, the company appointed Deloitte Huayong as their auditor. JCET is expanding advanced packaging, shifting focus to high-growth sectors, and navigating a complex global landscape.