JCET Group (600584) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 19.53 billion, up 4.96% year-over-year; net profit attributable to shareholders was RMB 844.64 million, up 79.41% year-over-year.

• Operating cash flow increased 26.75% year-over-year to RMB 2.96 billion; gross margin and cash flow improved.

• Growth driven by AI infrastructure, domestic semiconductor substitution, and high-value product mix.

• Strategic focus on advanced packaging, automotive electronics, and high-performance computing.

Financial highlights

• Operating income: RMB 19.53 billion (+4.96% YoY); net profit: RMB 844.64 million (+79.41% YoY).

• Operating cash flow: RMB 2.96 billion (+26.75% YoY); basic/diluted EPS: RMB 0.47 (+80.77% YoY).

• Gross margin improved; profit growth outpaced revenue growth.

• Non-recurring profit: RMB 36.31 million, mainly from government subsidies and asset disposals.

Outlook and guidance

• H2 2026 will focus on advanced packaging, AI-related applications, and expanding storage and testing businesses.

• Continued optimization of product structure toward high-growth, high-value segments.

• Ongoing investment in R&D, digitalization, and ESG initiatives.