In the first three quarters of 2021, Jcet Group Co.Ltd(600584) continued the rapid development momentum since 2020, the profitability and operation efficiency improvement effect brought by professional and international management continued to release, and the enterprise revenue and profit repeatedly broke the record of the same period in history. Therefore, all parties are generally optimistic about the final performance of Jcet Group Co.Ltd(600584) 2021.
On January 24, Jcet Group Co.Ltd(600584) issued the announcement of annual performance increase in 2021. According to the announcement, according to the preliminary calculation of the company’s financial department, the net profit attributable to the shareholders of the listed company in 2021 is expected to be 2.8 billion yuan to 3.080 billion yuan, an increase of 1.496 billion yuan to 1.776 billion yuan, a year-on-year increase of 114.72% to 136.20% compared with the same period of the previous year (statutory disclosure data). It is estimated that the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is 2.350 billion yuan and 2.580 billion yuan, which will increase by 1.398 billion yuan to 1.628 billion yuan compared with the same period of last year (statutory disclosure data), with a year-on-year increase of 146.85% to 171.01%.
From this point of view, Jcet Group Co.Ltd(600584) will continue to maintain high-speed growth and double profits in 2021. There is basically no suspense.
significant management upgrading effect and steady improvement of profitability
Since Jcet Group Co.Ltd(600584) implemented professional and international management upgrading under the leadership of the new management in 2019, the profitability has been improved by leaps and bounds through a number of effective measures such as resource integration of manufacturing bases at home and abroad, improving financial structure and improving cost control ability. In 2020, Jcet Group Co.Ltd(600584) revenue and profit both achieved record growth.
On the one hand, the leap in 2020 has made a good start for Jcet Group Co.Ltd(600584) in 2021. On the other hand, it has also brought suspense and challenges: is the improvement of profitability brought by management upgrading tenacious and sustainable? Jcet Group Co.Ltd(600584) is the “Stamina” for performance climbing sufficient?
From the financial report performance in the first three quarters of 2021, Jcet Group Co.Ltd(600584) has not slowed down. Compared with the year-on-year growth in 2020, the Jcet Group Co.Ltd(600584) revenue in the first three quarters reached 17.6%, 13.4% and 19.3% respectively. On the one hand, it comes from the continuation of this business cycle, especially driven by emerging terminal markets such as 5g, intelligence, automobile and Internet of things. On the other hand, it also lies in the continuous consolidation of Jcet Group Co.Ltd(600584) for the competitiveness of technology and products. From the performance pre increase announcement released today, it is expected that the revenue increase in the fourth quarter will also remain at a double-digit high.
In the first half of 2021 Jcet Group Co.Ltd(600584) SIP technology was deployed in many fields, including cooperating with key customer development and mass production in the field of 5g mobile terminal, verifying the SIP module development scheme of vehicle DMS system, etc., so as to reserve technology and capacity for SIP and make it a strong growth point in the second half of the year. For advanced technologies such as WL-CSP, FC, ewlb, Pip, pop and 2.5d/3d packaging under development, Jcet Group Co.Ltd(600584) is also promoted in an orderly manner, actively layout in 5g, high-performance computing, automotive and industrial fields, and deeply cultivate the power semiconductor market. A series of measures enable Jcet Group Co.Ltd(600584) to effectively focus on high value-added and fast-growing hot application fields and obtain sufficient orders from outside China.
With the growth of revenue, Jcet Group Co.Ltd(600584) has also improved the management efficiency of factories outside China by adjusting the product structure and resource layout, so as to make the profitability of the company close to or reach the level of world-class comprehensive sealing and testing enterprises. As of June 30, 2021, Jcet Group Co.Ltd(600584) net profit has reached 1.32 billion yuan, exceeding the annual level of 2020. In the second half of 2021, Jcet Group Co.Ltd(600584) achieved a net profit of 790 million yuan in the third quarter, close to 60% of the comprehensive net profit in the first half of the year. Therefore, it is not surprising that the pre increase announcement shows that the net profit has more than doubled. It can even be predicted that after the subsequent full financial report disclosure, Jcet Group Co.Ltd(600584) will also have a significant increase in the profit margin level in 2021.
promote technological innovation and international layout, with promising development prospects
In recent years, advanced packaging has gradually become the mainstream demand of the market for the manufacture of finished chip products, Jcet Group Co.Ltd(600584) is also stepping up technological innovation in this field. In 2021, Jcet Group Co.Ltd(600584) launched a full range of xdfoi high-density fan out packaging solutions. By integrating different functional devices into the system package, the system cost is greatly reduced and the package size is reduced. It has a wide range of application scenarios. After its launch, this solution has become one of the hot spots in the global semiconductor field in 2021, and has appeared frequently in many semiconductor international exhibitions and foreign media reports. This technology is expected to be put into mass production this year and is expected to become another weapon for Jcet Group Co.Ltd(600584) to participate in global market competition.
In addition, Jcet Group Co.Ltd(600584) participated in the project of “key technologies and complete sets of processes for high-density and high reliability electronic packaging”, and won the “first prize of national science and technology progress in 2020” in November 2021. The wafer level fan in and fan out WLCSP packaging and other technologies and mass production capacity of Jcet Group Co.Ltd(600584) provided a solid guarantee for the achievement of the objectives of the project, and finally won the national recognition. This also reflects from another angle that Jcet Group Co.Ltd(600584) leads the Chinese industry and reaches the international leading level.
In 2021, Jcet Group Co.Ltd(600584) also continued to promote the international layout of production bases to cope with the growth of market demand and the transformation of innovative technology achievements. Among them, the more important measures include the completion of the audit of Analog Devices Inc. in June. (hereinafter referred to as “ADI”) the acquisition of Singapore’s test plant and the formal mass production of a new plant in Jiangsu Suqian Susu Industrial Park in November. This also indicates that Jcet Group Co.Ltd(600584) has gained new momentum of business growth, the global business layout has moved forward rapidly and steadily, and the ability to serve global customers has been further enhanced.
Early in 2021, Jcet Group Co.Ltd(600584) has announced the completion of a fixed increase fund-raising of about 5 billion yuan, which provides good support for Jcet Group Co.Ltd(600584) to expand production capacity and optimize financial structure in the coming period, and its role in performance growth may also be reflected in the annual financial reports released in the future.
lead the coordinated development of the industry and activate the future competitiveness
Looking at the top level enterprises in the global science and technology manufacturing field, one of their common characteristics is that in addition to their excellent performance, they often become the promoter of the overall development and progress of the industry. In 2021, Jcet Group Co.Ltd(600584) also began to show this trend, that is, from a leading enterprise in the industry to an industry development promoter.
In the first half of 2021, Jcet Group Co.Ltd(600584) initiated in the industry to replace “packaging and testing” with “chip finished product manufacturing”, so as to more accurately describe the micro system integration characteristics of advanced packaging and reinterpret the value of subsequent finished product manufacturing process. This concept has been widely recognized by the industry, which makes the industry pay more attention to the subversive potential of packaging technology development for the continuation of Moore’s law.
In view of the trend that heterogeneous integration is matching the increasing demand market, Jcet Group Co.Ltd(600584) put forward the industrial development direction of “collaborative design” in 2021, and established “design service center” and “Automotive Electronics Center” to strengthen the cooperation with the upstream and downstream of the industry. On this basis, Jcet Group Co.Ltd(600584) further put forward the concept of industrial coordinated development, and is actively promoting closer cooperation between all parties in the industry and related units.
At the performance presentation meeting in September 2021, Jcet Group Co.Ltd(600584) has expressed confidence in maintaining performance growth in the fourth quarter. The pre increase announcement issued on the 24th confirmed Jcet Group Co.Ltd(600584) ‘s optimism about the annual performance to a certain extent. Not long ago, Jcet Group Co.Ltd(600584) just launched a new brand logo, which represents that the enterprise has entered a new stage of development. I believe Jcet Group Co.Ltd(600584) will hand over a corresponding excellent answer in two months. After a series of management upgrades and competitiveness consolidation in the past two years, now Jcet Group Co.Ltd(600584) is in a good development momentum, and its performance in 2022 is also expected!
