JCET Group, a provider of integrated circuit back-end manufacturing and testing services, reported its financial results for the first half of 2026. Revenue for the six-month period reached RMB 19.53 billion, up 5.0% year over year and a record for any first-half period in the company's history. Net profit attributable to shareholders totaled RMB 840 million, up 79.4% from the same period last year, while adjusted net profit, excluding one-time items, rose 84.7% year over year to RMB 810 million, reflecting stronger operating performance and improved profitability overall.
For the second quarter alone, revenue reached RMB 10.36 billion, up 11.7% year over year and 12.9% compared to the previous quarter, also a record for that period. Net profit attributable to shareholders came in at RMB 550 million, up 107.3% from a year earlier and 91% from the prior quarter.
The company attributes much of its first-half growth to strong demand from AI infrastructure markets, which continued supporting a broader recovery across the semiconductor industry. Backed by rising customer orders and higher utilization across its global manufacturing network, JCET saw growth spread across its key end markets and service lines.
As AI adoption continues to accelerate globally, demand is expanding across the entire infrastructure stack, spanning computing, memory, interconnects, and power delivery. Drawing on its portfolio of heterogeneous integration technologies, meaning combining different chip components manufactured with different processes into a single package, and its broader manufacturing capabilities, JCET says it continued strengthening solutions aimed at improving performance, integration, and energy efficiency for next-generation AI systems. Revenue from the company's computing electronics business rose 40.4% year over year in the first half, while automotive electronics revenue grew 25.0%, and testing services revenue increased 9.4%. JCET attributes both its revenue growth and stronger earnings to the ongoing optimization of its diversified business portfolio.
To support long-term growth, JCET continued investing in technology innovation and manufacturing capacity, advancing both leading-edge and next-generation mainstream packaging solutions. Research and development spending totaled RMB 1.03 billion in the first half, representing 5.3% of total revenue.
In June, the company announced a RMB 7.8 billion investment to build a new advanced packaging and testing facility in Shanghai. In July, JCET established a wholly owned subsidiary with registered capital of RMB 4 billion to support that project, marking another step in expanding its presence in high-end advanced packaging.
JCET also continued working to improve operational efficiency through disciplined cost management and productivity initiatives, supporting further margin improvement. Additionally, the company established an overseas finance and treasury center in Singapore, allowing for more centralized global treasury operations, strengthening risk management, and improving the resilience of its worldwide operations.
Li Zheng, CEO of JCET Group, said AI is reshaping both computing infrastructure and semiconductor architecture, while expanding the role of advanced packaging beyond manufacturing execution into product innovation and system-level performance. He said JCET continued capitalizing on opportunities across the AI value chain during the first half of 2026, supported by its global R&D, manufacturing, and customer service network, and that the company further strengthened its technology and product portfolio in key growth areas, driving continued improvement in both scale and profitability. Looking ahead, he said JCET will continue supporting customer innovation with differentiated semiconductor manufacturing solutions while aiming for sustainable, high-quality growth.
