SHANGHAI , April 20, 2025 /PRNewswire/ —

Q4 2024 Financial Highlights:

Revenue was RMB 10.98 billion, an increase 19.0 % year-on-year, and an increase of 15.7% quarter-on-quarter, a record quarter in the company’s history.Net profit attributable to owners of the parent was RMB 0.53 billion, an increase of 7.3% year-on-year and 16.7% quarter-on-quarter.Generated RMB 1.90 billion cash from operations. With net capex investments of RMB 1.49 billion, free cash flow for the quarter was RMB 0.41 billion.Earnings per share were RMB 0.3.

Full Year 2024 Financial Highlights:

Revenue was RMB 35.96 billion, an increase of 21.2% year-on-year, and a record high in the company’s history.Net profit attributable to owners of the parent was RMB 1.61 billion, an increase of 9.4% year-on-year.Generated RMB 5.83 billion cash from operations. With net capex investments of RMB 4.57 billion, free cash flow was RMB 1.26 billion.Earnings per share were RMB 0.9.

Shanghai, China, April 20, 2025 — JCET Group (SSE: 600584), a leading global provider of integrated circuit (IC) back-end manufacturing and technology services, today announced its full year financial results for the year ended December 31, 2024. The report shows that JCET achieved record-high revenue of RMB 35.96 billion for the full year 2024, representing a year-on-year increase of 21.2%. Net profit attributable to owners of the parent reached RMB 1.61 billion, up 9.4% year-on-year. In Q4, the company’s revenue rose to RMB 10.98 billion, up 19.0 % year-on-year and 15.7% quarter-on-quarter – surpassing the RMB 10-billion threshold for the first time and setting a new quarterly record. Q4 net profit attributable to owners of the parent was RMB 0.53 billion, reflecting a quarter-on-quarter increase of 16.7%. The company continues to strengthen its cash flow position, having achieved positive free cash flow for six consecutive years, from 2019 to 2024.

Business Overview

In 2024, JCET leveraged its core applications to strengthen customer loyalty and advance the commercialization of innovative technologies, resulting in record-high annual revenue. To accelerate its transition toward advanced packaging, the company consistently increased investment in advanced packaging technologies. Despite short-term cost pressures, JCET remains confident that its technological innovation and the adoption of intelligent applications will drive long-term growth. Operations across its manufacturing facilities steadily recovered, with capacity utilization continuing to rise. As of Q4, wafer-level packaging, other advanced packaging, and high-end testing operations had reached full capacity, with revenue from advanced packaging accounting for over 72% of total annual revenue.

Additionally, JCET has developed comprehensive, customized packaging and testing solutions for high-performance computing systems (e.g., computing, storage, connectivity, and power management), with mass production capabilities already in place. Revenue from the computing electronics segment grew by 38.1% year-on-year. In the automotive electronics sector, breakthroughs in ADAS sensors and electrified drive systems spurred a year-on-year revenue increase of 20.5%, further reinforcing the company’s position in the core supply chain of several leading industry players. The strong performance of these business segments has not only sharpened JCET’s competitiveness, but also laid a solid foundation for future product iterations, technological advancements, and market expansion.

Technological Innovation

JCET is dedicated to pioneering advanced packaging technologies and fostering collaborative development across the industry chain. In 2024, R&D expenditures reached RMB 1.72 billion, an increase of 19.3% year-on-year, with the company filing 587 new patent applications—bringing its total patent portfolio to 3,030 patents as of the end of 2024.

In the field of heterogeneous microsystem integration, JCET’s multi-dimensional fan-out packaging integration platform, XDFOI®, has achieved stable mass production. Similarly, plastic-encapsulated power modules for the new energy sector have entered mass production, successfully addressing challenges such as heat dissipation and warpage in high-power modules, thereby significantly enhancing product performance. With ongoing advancements in traditional packaging technologies, innovations like the HFBP dual-sided heat dissipation packaging have continued to strengthen JCET’s differentiated competitive edge, boosting customer loyalty and product margins among globally renowned clients. Additionally, by leveraging its pilot production line for automotive chip packaging, JCET has successfully developed and implemented several innovative process solutions. These initiatives have substantially improved both production efficiency and product quality.

Major Projects

In 2024, JCET continued to ramp up capital expenditures to further refine its industrial footprint in advanced technologies. The acquisition of an 80% stake in SanDisk (Shanghai) has been finalized and consolidated into the financial statements from Q4 onwards. The JCET Microelectronics Microsystem Integration High-End Manufacturing Base in Jiangyin has been put into operation, providing turnkey back-end manufacturing services for high-performance chips to global clients. Meanwhile, the Automotive Chip Back-End Manufacturing Base in Shanghai has completed structural topping-out and is expected to begin operations in the second half of 2025, further supporting the company’s expansion into the high-end automotive electronics market.

Mr. Li Zheng, CEO of JCET, said, “By focusing on core applications and key markets, we have accelerated the transformation of our business structure toward high value-added segments, achieving significant milestones in 2024. In light of ongoing structural shifts and emerging trends in the global semiconductor market, JCET will continue to strengthen technological innovation and actively promote open, collaborative engagement across the industry chain, opening a new chapter of high-quality growth.”

For more information, please refer to the JCET FY2024 Report

About JCET Group

JCET Group is the world’s leading integrated circuit back-end manufacturing and technology services provider. We offer a full range of turnkey solutions, including semiconductor package integration design and characterization, R&D, wafer probing, bumping, package assembly, final testing, and drop shipment to vendors worldwide.

Our comprehensive portfolio spans a broad range of semiconductor applications—including mobile, communication, computing, consumer, automotive, and industrial—delivered through advanced wafer-level packaging, 2.5D/3D packaging, System-in-Package solutions, and reliable flip chip and wire bonding technologies.

JCET Group has two R&D centers in China and Korea; eight manufacturing sites across China, Korea, and Singapore; and sales centers around the world, enabling close technology collaboration and efficient supply-chain manufacturing for our global customers.

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SOURCE JCET Group

Navivision Wealth Society unveils its latest philanthropic program focused on educational development, aiming to improve learning environments and expand access to quality education for children in remote and economically disadvantaged areas.

CHICAGO, April 20, 2025 /PRNewswire-PRWeb/ — Navivision Wealth Society has announced the launch of a long-term charitable initiative focused on advancing educational opportunities in underserved communities around the world. This new campaign underscores the organization’s belief that wealth should be used as a tool to uplift others and that true prosperity includes the ability to give back meaningfully to society.

The initiative will provide direct support for the construction of schools, the donation of educational supplies, and the establishment of scholarship funds for students facing financial hardship. These efforts are designed to foster greater access to quality education, helping young learners overcome structural barriers and pursue brighter futures through knowledge.

This charitable campaign, which has already begun operations in select rural areas, forms part of Navivision Wealth Society’s broader commitment to social responsibility. The organization has pledged to allocate a portion of its annual revenue to fund these education-based initiatives, working with local partners and non-profit organizations to ensure effective implementation and sustained impact.

In addition to infrastructure support, the program includes mentorship and volunteer components. Members of the Navivision Wealth Society community—many of whom are experienced professionals in finance and education—are encouraged to participate by offering guidance, teaching workshops, or supporting events that promote lifelong learning and empowerment.

The organization views education as the most powerful foundation for societal advancement. By focusing on children in marginalized regions, Navivision Wealth Society aims to interrupt cycles of poverty and provide tools that enable young individuals to develop their talents, pursue careers, and contribute meaningfully to their local economies and communities.

A spokesperson for the organization stated, “Investing in education is one of the most impactful contributions any institution can make. Through this initiative, Navivision Wealth Society hopes to create pathways to opportunity and foster hope where it is needed most. Our mission goes beyond financial growth—it includes a responsibility to make a lasting difference.”

The campaign has already drawn support from partners and members, with early reports indicating strong interest in both financial contributions and volunteer participation. Additional fundraising and awareness events are planned throughout the year, and the organization is actively seeking new regional partners to expand the reach of its efforts.

This initiative reflects Navivision Wealth Society‘s philosophy that the value of wealth lies not only in its accumulation but in its ability to inspire transformation and spread opportunity. By aligning financial success with meaningful social impact, the organization continues to promote a vision of responsible, compassionate leadership in the global financial community.

Further information about the initiative, including ways to contribute or volunteer, is available on the official Navivision Wealth Society website.

Media Contact

Olivia Peterson, Navivision Wealth Society, 1 402-714-1620, sales@navivision.com, https://navivision.com/

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SOURCE Navivision Wealth Society

WASHINGTON, April 19, 2025 /PRNewswire/ — NASA astronaut Don Pettit returned to Earth Saturday, accompanied by Roscosmos cosmonauts Alexey Ovchinin and Ivan Vagner, concluding a seven-month science mission aboard the International Space Station.

The trio departed the space station at 5:57 p.m. EDT aboard the Soyuz MS-26 spacecraft before making a safe, parachute-assisted landing at 9:20 p.m. (6:20 a.m. on Sunday, April 20, Kazakhstan time), southeast of Dzhezkazgan, Kazakhstan. Pettit also celebrates his 70th birthday on Sunday, April 20.

Spanning 220 days in space, Pettit and his crewmates orbited the Earth 3,520 times, completing a journey of 93.3 million miles. Pettit, Ovchinin, and Vagner launched and docked to the orbiting laboratory on Sept. 11, 2024.

During his time aboard the space station, Pettit conducted research to enhance in-orbit metal 3D printing capabilities, advance water sanitization technologies, explore plant growth under varying water conditions, and investigate fire behavior in microgravity, all contributing to future space missions. He also used his surroundings aboard station to conduct unique experiments in his spare time and captivate the public with his photography.

This was Pettit’s fourth spaceflight, where he served as a flight engineer for Expeditions 71 and 72. He has logged 590 days in orbit throughout his career. Ovchinin completed his fourth flight, totaling 595 days, and Vagner has earned an overall total of 416 days in space during two spaceflights.

NASA is following its routine postlanding medical checks, the crew will return to the recovery staging area in Karaganda, Kazakhstan. Pettit will then board a NASA plane bound for the agency’s Johnson Space Center in Houston. According to NASA officials at the landing site, Pettit is doing well and in the range of what is expected for him following return to Earth.

For more than two decades, people have lived and worked continuously aboard the International Space Station, advancing scientific knowledge and making research breakthroughs that are not possible on Earth. The station is a critical testbed for NASA to understand and overcome the challenges of long-duration spaceflight and to expand commercial opportunities in low Earth orbit. As commercial companies focus on providing human space transportation services and destinations as part of a strong low Earth orbit economy, NASA is focusing more resources on deep space missions to the Moon as part of Artemis in preparation for future astronaut missions to Mars.

Learn more about International Space Station research and operations at:
https://www.nasa.gov/station 

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SOURCE NASA