The business integration of overseas manufacturing bases exceeds expectations, and Changdian Technology’s third-quarter profit hits a record high
October 30, 2020, Shanghai, China – Changdian Technology (SSE code: 600584), the world’s leading provider of semiconductor microsystem integration and packaging and testing services, today announced its financial results for the third quarter of 2020 ended September 30, 2020 . The financial report shows that in the third quarter, Changdian Technology achieved revenue of RMB 6.79 billion and net profit of RMB 400 million, with steady growth in revenue and continuous improvement in profitability. So far, in the first three quarters of 2020, Changdian Technology has achieved a cumulative revenue of RMB 18.76 billion and a net profit of RMB 760 million. Both revenue and net profit have reached record highs.
Since the second half of 2020, JCET has further consolidated strategic cooperation with important customers at home and abroad by accelerating the mass production of advanced processes and a stable market strategy, and various business indicators have continued to steadily improve.
Mr. Zheng Li, CEO of Changdian Technology, said: “By deepening the resource integration of manufacturing bases at home and abroad, and accelerating mass production for 5G, high-performance computing and high-end storage applications, Changdian Technology’s chip manufacturing and technical services The ability has been further improved. In the third quarter of 2020, the profitability of Changdian Technology’s overseas factories has improved significantly, reflecting the continuous improvement of the company’s management level in the direction of internationalization and specialization.”
As the semiconductor integrated circuit industry enters the post-Moore’s Law era, as the last link of chip manufacturing, advanced integrated circuit manufacturing, packaging and testing technology plays a key role in the high-density integration of chips. Changjiang Electronics Technology will seize market opportunities, continue to consolidate core competitiveness, and promote the healthy and orderly development of the company and the global integrated circuit industry.
The Links: 6MBI100F-060 PS11035