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JCET 1H 2021 Net Profit Jumps 261%, Earnings Surpass FY 2020 Mark prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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Press release content from PR Newswire. The AP news staff was not involved in its creation. JCET Completes RMB 5 Billion Private Placement with Diversified Investment Structure May 7, 2021 GMT (PRNewsfoto/长电科技) SHANGHAI, May 7, 2021 /PRNewswire/ JCET Group (SSE: 600584), a leading global provider of integrated circuit (IC) manufacturing and technology services, recently announced that the company successfully completed a capital raising of approximately RMB 5 billion. The RMB 5 billion private placement successfully raised in the first round included top overseas institutional buyers with more than half of the amount from Abu Dhabi Investment Authority, JP Morgan Chase Bank, GF Asset Management, and Loyal Valley Capital. This diversified investor structure is a reflection of the markets recognition of JCET’s world class operations and management efforts to fortify its leading position in the industry. ....
(0) Fourth Quarter and Fiscal Year 2020 Financial Results: Fourth-quarter revenue was RMB 7.70 billion. On a comparable basis, taking into account the accounting change in revenue recognition, it was an increase of 17.6% year on year (see note 1). Full-year revenue was RMB 26.46 billion. On a comparable basis, taking into account the accounting change in revenue recognition, it was an increase of 28.2% year on year (see note 2). Fourth-quarter cash from operations was RMB 1.80 billion. With net capex investments of RMB 1.01 billion, free cash flow for the quarter was RMB 0.79 billion. Full-year cash from operations was RMB 5.43 billion, up 71.1% year on year. With net capex investments of RMB 3.01 billion, free cash flow for the year was RMB 2.42 billion. ....