With orders continuing to be full, Jingfang Technology's net profit in the first half of the year is expected to increase by 66.61% to 76.22%

On July 12, Jingfang Technology issued an announcement on the expected increase in 2021 semi-annual performance. According to preliminary estimates by the company's financial department, the net profit attributable to shareholders of the listed company in the first half of 2021 is expected to be 260 million to 275 million yuan, an increase of 66.61% to 76.22% compared with 156.0571 million yuan in the first half of 2020.

After deducting non-recurring gains and losses, the net profit attributable to shareholders of the listed company in the first half of 2021 is expected to be approximately RMB 230 million to RMB 245 million, an increase of 78.20% to 89.82% compared with RMB 129.0692 million in the first half of 2020.

Jingfang Technology stated that the main reason for the expected increase in performance this period is: with the trend development and improvement of 5G, AIOT, and computing power algorithms, the application scenarios of sensor products represented by cameras are becoming more and more abundant, promoting the continuous penetration of mobile phone multi-camera trends, the continued growth of the security digital surveillance market, the gradual popularization of automotive camera applications, and the rapid rise of machine vision applications, which has enabled the company's production orders to continue to be full in the first half of 2021, and its production capacity and production scale have increased significantly year-on-year.

Jingfang Technology also emphasized that in order to seize market opportunities, the company has continuously strengthened the expansion and innovation of packaging technology and processes, and the mass production scale of new application fields such as automotive electronics has been steadily promoted. Medium and high-pixel products have been gradually introduced into mass production, and the application scale of Fan-out technology in large-size high-pixel fields has been gradually expanded. The scale of chip-level and system-level SiP packaging has been continuously improved, and the wafer-level micro-lens business has begun commercial application. In order to meet the continuous growth of orders, the company continues to promote the planning and expansion of production capacity, and improve the internal potential of operational efficiency and management level.