JCET Group (600584) Q4 2025 earnings summary

Executive summary

• Revenue reached RMB 38.87 billion in 2025, up 8.09% year-over-year; net profit attributable to shareholders was RMB 1.57 billion, down 2.75% year-over-year.

• Gross margin improved by 1.07 percentage points to 13.95% compared to last year.

• Domestic sales grew 22.38% year-over-year, with high growth in computing, industrial, and automotive electronics.

• The company maintained its global top-three OSAT position and led in advanced packaging technology.

Financial highlights

• Operating income: RMB 38.87 billion (+8.09% YoY); operating profit: RMB 1.74 billion (+5.42% YoY).

• Net profit attributable to shareholders: RMB 1.57 billion (-2.75% YoY); basic EPS: RMB 0.87.

• Operating cash flow: RMB 4.65 billion (-20.26% YoY); R&D investment: RMB 2.09 billion, 5.37% of revenue.

• Total assets: RMB 55.52 billion; net assets: RMB 28.67 billion.

• Cash dividend payout: RMB 232.62 million, 14.86% of net profit.

Outlook and guidance

• Global semiconductor market expected to approach USD 1 trillion in 2026, driven by AI and advanced packaging demand.

• Company to focus on high-value applications, expand advanced packaging capacity, and enhance supply chain resilience.

• Plans to accelerate R&D in 2.5D/3D packaging, automotive, and power electronics.