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JCET Revenues of Q3 2024 and Q3 YTD 2024 Hit New Record High, Q3 Net Profit after Deducting Non-Recurring Items Increased by 19.5% Year-on-Year

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Q3 2024 Financial Highlights:

Revenue was RMB 9.49 billion, an increase of 14.9% year-on-year and 9.8% quarter-on-quarter, a record quarter in the company’s history.Net profit attributable to owners of the parent was RMB 0.46 billion. Net profit attributable to owners of the parent after deducting non-recurring gains and losses was RMB 0.44 billion, an increase of 19.5% year-on-year.

Q3 YTD 2024 Financial Highlights:

Revenue was RMB 24.98 billion, an increase of 22.3% year-on-year, a record high in the company’s history.Net profit attributable to owners of the parent was RMB 1.08 billion, an increase of 10.6% year-on-year.Earnings per share was RMB 0.60, as compared to RMB 0.54 in Q3 YTD 2023.

SHANGHAI, Oct. 25, 2024 /PRNewswire/ — Today, JCET Group (SSE: 600584), a leading global provider of integrated circuit (IC) back-end manufacturing and technology services, announced its financial results for the third quarter of 2024. The financial report shows that in the third quarter of 2024, JCET achieved revenue of RMB 9.49 billion, an increase of 14.9% year-on-year, a record quarter in the company’s history, and net profit attributable to owners of the parent of RMB 0.46 billion. Net profit attributable to owners of the parent after deducting non-recurring gains and losses was RMB 0.44 billion in Q3 2024, an increase of 19.5% year-on-year. In Q3 YTD 2024, JCET achieved revenue of RMB 24.98 billion, an increase of 22.3% year-on-year, a record high in the company’s history, and net profit attributable to owners of the parent of RMB 1.08 billion, an increase of 10.6% year-on-year.

The operations of JCET factories have rebounded since 2024, and the company’s capacity utilization rate is continuously increasing. In the first three quarters of this year, all business sector recovery has stabilized, and the company’s earlier strategic layout began to contribute incremental growth. In the first three quarters, the revenues of the four major applications, including communications, consumer, computing, and automotive electronics all achieved double-digit year-on-year growth, with communication electronics achieving a significant growth of nearly 40% year-on-year. The company strengthened inventory control and supply chain management to ensure efficient circulation of capital, generating RMB 3.93 billion cash from operations in Q3 YTD 2024, a year-on-year increase of 29.7%.

JCET’s acquisition of 80% equity of SanDisk (Shanghai), a global leading factory for memory chip packaging, has completed. This will further enhance the company’s intelligent manufacturing and expand its market share in the memory and computing electronics. JCET microelectronics microsystem integration high-end manufacturing base has been put into use, providing one-stop IC back-end manufacturing services and addressing global customers’ demand for high-performance chips.

Mr. Li Zheng, CEO of JCET, said, “JCET has actively promoted innovation in advanced packaging technology and capacity layout in recent years. Since the beginning of this year, the company business has continued to rebound, and its revenue in the first three quarters hits a new high in the company’s history. JCET will continue to focus on advanced technology and high value-added markets to support sustainable development.”

For more information, please refer to the JCET Q3 2024 Report. 

CONSOLIDATED BALANCE SHEET (Unaudited)                                                                

RMB in millions

Sep 30, 2024

Dec 31, 2023

ASSETS

Current assets

  Currency funds

9,257

7,325

  Trading financial assets

2,003

2,306

  Derivative financial assets

3

4

  Accounts receivable

5,916

4,185

  Receivables financing

35

38

  Prepayments

133

104

  Other receivables

117

87

  Inventories

4,740

3,195

  Other current assets

514

375

Total current assets

22,718

17,619

Non-current assets

  Long-term receivables

33

33

  Long-term equity investments

826

695

  Other equity investments

434

447

  Investment properties

83

86

  Fixed assets

21,431

18,744

  Construction in progress

2,728

1,053

  Right-of-use assets

515

563

  Intangible assets

745

662

  Goodwill

3,546

2,248

  Long-term prepaid expenses

10

17

  Deferred tax assets

493

364

  Other non-current assets

57

48

Total non-current assets

30,901

24,960

Total assets

53,619

42,579

LIABILITIES AND EQUITY  

Sep 30, 2024

Dec 31, 2023

Current liabilities

  Short-term borrowings

1,187

1,696

  Notes payable

338

223

  Accounts payable

8,143

4,782

  Contract liabilities

316

185

  Employee benefits payable

751

781

  Taxes and surcharges payable

275

167

  Other payables

385

354

  Current portion of long-term liabilities

4,215

1,491

  Other current liabilities

1

3

Total current liabilities

15,611

9,682

Non-current liabilities

  Long-term borrowings

7,331

5,777

  Lease liabilities

504

530

  Long-term payables

833

0

  Long-term employee benefits payable

15

14

  Deferred income

424

384

  Deferred tax liabilities

393

0

  Other non-current liabilities

28

41

Total non-current liabilities

9,528

6,746

Total liabilities

25,139

16,428

Equity

  Paid-in capital

1,789

1,789

  Capital reserves

15,230

15,237

  Accumulated other comprehensive income

410

543

  Specialized reserves

1

0

  Surplus reserves

257

257

  Unappropriated profit

9,137

8,239

Total equity attributable to owners of the parent

26,824

26,065

Minority shareholders

1,656

86

Total equity

28,480

26,151

Total liabilities and equity

53,619

42,579

CONSOLIDATED INCOME STATEMENT (Unaudited)                                                                                                     

RMB in millions, except share data

Three months ended

Nine months ended

Sep 30, 2024

Sep 30, 2023

Sep 30, 2024

Sep 30, 2023

Revenue

9,491

8,257

24,978

20,430

Less: Cost of sales

8,331

7,071

21,748

17,596

          Taxes and surcharges

21

36

56

82

          Selling expenses

69

55

187

155

          Administrative expenses

100

190

533

536

          Research and development expenses

413

413

1,232

1,082

          Finance expenses

119

26

108

77

            Including: Interest expenses

105

84

297

215

                     Interest income

69

35

210

70

Add: Other income

39

103

125

176

         Investment income / (loss)

0

(12)

(14)

(34)

            Including: Income / (loss) from investments in associates and joint ventures

(14)

(12)

(43)

(34)

         Gain / (loss) on changes in fair value of financial assets/liabilities 

3

17

(2)

62

         Credit impairment (loss is expressed by “-“)

6

(2)

(1)

(3)

         Asset impairment (loss is expressed by “-“)

(13)

(26)

(51)

(26)

         Gain / (loss) on disposal of assets 

(2)

5

3

21

Operating profit / (loss)

471

551

1,174

1,098

Add: Non-operating income

0

0

1

3

Less: Non-operating expenses

1

1

3

5

Profit / (loss) before income taxes

470

550

1,172

1,096

Less: Income tax expenses

16

72

101

122

Net profit / (loss) 

454

478

1,071

974

Classified by continuity of operations

  Profit / (loss) from continuing operations

454

478

1,071

974

Classified by ownership

  Net profit / (loss) attributable to owners of the parent

457

478

1,076

974

  Net profit / (loss) attributable to minority shareholders

(3)

0

(5)

0

Add: Unappropriated profit at beginning of period

8,680

7,293

8,239

7,154

Less: Cash dividends declared

0

0

178

357

Unappropriated profit at end of period (attributable to owners of the parent)

9,137

7,771

9,137

7,771

Other comprehensive income, net of tax

(181)

(70)

(133)

280

Comprehensive income attributable to owners of the parent

(181)

(70)

(133)

280

Comprehensive income not be reclassified to profit or loss

0

(7)

(13)

10

  Remeasurement gains or losses of a defined benefit plan

0

0

0

1

  Change in the fair value of other equity investments

0

(7)

(13)

9

Comprehensive income to be reclassified to profit or loss

(181)

(63)

(120)

270

  Exchange differences of foreign currency financial statements

(181)

(63)

(120)

270

Total comprehensive income

273

867

938

1,254

  Including:

     Total comprehensive income attributable to owners of the parent

276

408

943

1,254

     Total comprehensive income attributable to minority shareholders

(3)

0

(5)

0

Earnings per share

  Basic earnings per share

0.25

0.26

0.60

0.54

  Diluted earnings per share

0.25

0.26

0.60

0.54

CONSOLIDATED CASH FLOW STATEMENT (Unaudited)                                                                                                                                                          

RMB in millions

Three months ended

Nine months ended

Sep 30, 2024

Sep 30, 2023

Sep 30, 2024

Sep 30, 2023

CASH FLOWS FROM OPERATING ACTIVITIES

  Cash receipts from the sale of goods and the rendering of services

9,011

7,574

25,601

20,737

  Receipts of taxes and surcharges refunds

139

52

337

267

  Other cash receipts relating to operating activities

92

126

375

289

Total cash inflows from operating activities

9,242

7,752

26,313

21,293

  Cash payments for goods and services

6,742

5,840

17,996

14,293

  Cash payments to and on behalf of employees

1,198

899

3,446

2,972

  Payments of all types of taxes and surcharges

284

180

573

646

  Other cash payments relating to operating activities

111

221

364

349

Total cash outflows from operating activities

8,335

7,140

22,379

18,260

Net cash flows from operating activities

907

612

3,934

3,033

CASH FLOWS FROM INVESTING ACTIVITIES

  Cash receipts from returns of investments

3,600

3,601

12,650

11,881

  Cash receipts from investment income

15

15

30

68

  Net cash receipts from disposal of fixed assets, intangible assets and other long-term assets

1

99

6

131

Total cash inflows from investing activities

3,616

3,715

12,686

12,080

  Cash payments to acquire fixed assets, intangible assets and other long-term assets

1,219

845

3,089

2,434

  Cash payments for investments

4,000

5,181

12,350

11,161

  Net cash payments for acquisition of subsidiaries and other business units

1,520

0

1,520

0

Total cash outflows from investing activities

6,739

6,026

16,959

13,595

Net cash flows from investing activities

(3,123)

(2,311)

(4,273)

(1,515)

CASH FLOWS FROM FINANCING ACTIVITIES

  Cash proceeds from investments by others

0

32

776

262

      Including: Cash receipts from capital contributions from minority shareholders of subsidiaries

0

0

765

86

  Cash receipts from borrowings

2,050

4,823

5,057

6,487

Total cash inflows from financing activities

2,050

4,855

5,833

6,749

  Cash repayments for debts

1,048

3,723

3,011

5,464

  Cash payments for distribution of dividends or profit and interest expenses

83

78

435

545

  Other cash payments relating to financing activities

21

22

74

69

Total cash outflows from financing activities

1,152

3,823

3,520

6,078

Net cash flows from financing activities

898

1,032

2,313

671

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

(46)

(7)

(42)

30

NET INCREASE IN CASH AND CASH EQUIVALENTS

(1,364)

(674)

1,932

2,219

Add: Cash and cash equivalents at beginning of period

10,621

5,346

7,325

2,453

CASH AND CASH EQUIVALENTS AT END OF PERIOD

9,257

4,672

9,257

4,672

 

About JCET Group

JCET Group is the world’s leading integrated-circuit manufacturing and technology services provider, offering a full range of turnkey services that include semiconductor package integration design and characterization, R&D, wafer probe, wafer bumping, package assembly, final test and drop shipment to vendors around the world.

Our comprehensive portfolio covers a wide spectrum of semiconductor applications such as mobile, communication, compute, consumer, automotive, and industrial, through advanced wafer-level packaging, 2.5D/3D, System-in-Package, and reliable flip chip and wire bonding technologies. JCET Group has two R&D centers in China and Korea, eight manufacturing locations in China, Korea, and Singapore, and sales centers around the world, providing close technology collaboration and efficient supply-chain manufacturing to our global customers.

View original content to download multimedia:https://www.prnewswire.com/news-releases/jcet-revenues-of-q3-2024-and-q3-ytd-2024-hit-new-record-high-q3-net-profit-after-deducting-non-recurring-items-increased-by-19-5-year-on-year-302287142.html

SOURCE JCET Group

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Workday Adaptive Planning Achieves FedRAMP Moderate Authorization to Support Federal Workforce and Budget Planning

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New Milestone Helps Federal Agencies Plan Workforce and Budgets in One Secure, Modern System

WASHINGTON, July 23, 2026 /PRNewswire/ — Workday Government, a wholly owned subsidiary of Workday, Inc. (NASDAQ: WDAY), the enterprise AI platform for HR, finance, and IT, today announced that Workday Adaptive Planning has achieved FedRAMP Authorization at the Moderate Impact Level. The authorization confirms that Workday Adaptive Planning meets the security and compliance standards required to handle sensitive, unclassified federal data, giving agencies a secure, compliant foundation for modern planning.

Federal agencies are under pressure to do more with less, manage costs, and maintain clear records of their decisions. Yet disconnected data, legacy systems, and manual spreadsheet work can make it hard to understand how organizational decisions affect the workforce. Workday Adaptive Planning helps agencies modernize planning by bringing workforce planning, budgeting, and forecasting together so agencies can plan with connected workforce and financial data.

“Federal agencies must align their people, funding, and priorities to deliver their missions effectively,” said Lynn Martin, general manager, Workday Government. “With FedRAMP Moderate authorization, Workday Adaptive Planning gives agencies the secure foundation they need to unify workforce and financial planning. This clarity allows leaders to evaluate trade-offs, allocate resources with impact, and prepare confidently for what lies ahead.”

With Workday Adaptive Planning, agencies can model and assess the workforce implications of organizational change, such as hiring freezes, budget reductions, or reorganizations, to understand the potential effects on headcount, costs, project timelines, and mission readiness. Agencies can also use workforce data to identify talent trends and skills gaps. Finance teams can evaluate competing program requests, allocate costs across funds and programs, monitor budgets throughout the procurement lifecycle, and identify potential overruns earlier. Built-in audit capabilities and FIPS 140-3 compliant security help agencies strengthen fiscal discipline, maintain compliance, and make faster, better-informed decisions.

“Federal agencies need a planning tool they can trust to protect their data and still move fast,” said Ben Pierce, general manager, Workday Adaptive Planning. “With FedRAMP authorization, Workday Adaptive Planning gives them a secure, modern way to make budgeting and workforce planning less painful and a lot more useful.”

As part of Workday Government Cloud, Workday Adaptive Planning works alongside Workday human capital management and financial solutions, helping agencies plan with connected data. By bringing planning into the same platform that powers HR and finance, Workday Government helps agencies move beyond systems that simply record work to a modern, connected foundation for planning safely and collaboratively.

Workday Adaptive Planning is expected to be available to Workday Government customers in early 2027.

For More Information

Explore how Workday Adaptive Planning gives government organizations the power to plan, budget, and forecast the future here.Learn about the mission of Workday Government here.

About Workday Government
Workday Government is a wholly owned subsidiary of Workday, the enterprise AI platform for HR, finance, and IT. Workday Government is dedicated to serving the U.S. government by unifying HR and finance on one intelligent platform with AI at the core, empowering agencies at every level with the clarity, confidence, and insights they need to adapt quickly, make better decisions, and deliver on their missions. Workday Government supports a range of agencies across the civilian, defense, and intelligence communities. For more information about Workday Government, visit workday.com/federal. For more information about Workday visit workday.com.

Forward-Looking Statements
This press release contains forward-looking statements including, among other things, statements regarding Workday’s plans, beliefs, and expectations. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission (“SEC”), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law.

Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday’s discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available.

View original content to download multimedia:https://www.prnewswire.com/news-releases/workday-adaptive-planning-achieves-fedramp-moderate-authorization-to-support-federal-workforce-and-budget-planning-302833362.html

SOURCE Workday Inc.

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Ontinue Wins Gold Stevie® Award for Advancing the Future of Managed Security Operations

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Recognition Honors the Innovation Behind Ontinue’s Agentic SOC, Where AI Agents And Expert Cyber Defenders Work Together to Deliver Autonomous, Governed Security Operations

ZURICH, July 23, 2026 /PRNewswire/ — Ontinue, a leading MXDR partner providing nonstop managed security operations through its Agentic SOC, today announced it received a Gold Stevie® for Technology Excellence Award, recognizing the innovation behind its ION MXDR platform and Agentic SOC. The award was presented in the New Product of the Year – Information Technology (Cybersecurity) category, honoring Ontinue’s continued advancement of AI-powered security operations.

Ontinue was recognized for pioneering the Agentic SOC, a new operating model that treats security decision-making itself as software: governed, measurable, and built to scale with attackers who now operate at machine speed. Rather than layering AI onto existing workflows, Ontinue re-engineered its ION MXDR platform around a multi-agent architecture, with specialized agents spanning threat hunting, investigation, response, and posture hardening, that reason over each customer’s accumulated context and progressively take on more decision-making as trust is earned, while Ontinue’s Cyber Defenders retain governance and accountability throughout.

Ontinue defines an Agentic SOC as a security operations model in which software agents progressively assume responsibility for security decisions and actions, under continuous human governance, using accumulated context, policy, and learned behavior. In December 2024, this model went live in production for every ION MXDR customer, extending autonomous investigation to Tier 2-level incidents for the first time in the industry. The result is a platform that acts less like a tool and more like a team.

Ontinue’s Agentic SOC, by the numbers:

Autonomously investigates incidents within minutesCuts mean time to investigate by 50 percentResolves 99.5 percent of incidents without customer involvementDrives median response time for high-severity incidents under nine minutesPre-approves 97 percent of response actions, based on trust earned directly from customers

For Ontinue’s customers, that translates directly into business outcomes, such has stronger Secure Scores, security teams freed from alert fatigue, and hundreds of analyst hours returned to work that actually moves the business forward.

“The cybersecurity industry doesn’t need more AI features, it needs a fundamentally better way to operate security,” said Moritz Mann, Chief Executive Officer at Ontinue. “This recognition validates the work our teams have done over the past two years to transform AI from an assistant into a trusted operational capability. It’s recognition of an operating model that is already delivering measurable outcomes for customers every day.”

“We congratulate all of the winners in the third annual Stevie® Awards for Technology Excellence for their outstanding achievements,” said Stevie Awards President Maggie Miller. “Their innovations are helping shape the future of technology across every industry, and we look forward to celebrating their success on October 28.”

The Stevie Awards for Technology Excellence celebrate the remarkable accomplishments of individuals, teams, and organizations shaping the future of technology across all industry sectors. More than 700 nominations from organizations of all sizes in 37 nations and territories were submitted this year for consideration in a wide range of tech-related categories. More than 180 professionals worldwide participated in the judging process to select this year’s honorees.

Details about the Stevie Awards for Technology Excellence and the list of 2026 Stevie winners are available at http://Tech.StevieAwards.com.

About Ontinue
As a leading provider of AI-powered managed security operations, Ontinue is on a mission to give every organization the freedom to focus on what they do best; by making nonstop security excellence accessible, not just aspirational. By combining advanced AI with deep human expertise, Ontinue delivers managed security operations that are tailored to each organization’s unique environment, operational needs, and risk profile.

Ontinue’s ION SecOps Platform integrates AI-driven insights, automation, and real-time collaboration to continuously prevent, detect, and respond to threats. With deep expertise in Microsoft security technologies, Ontinue helps customers maximize the value of their existing investments while achieving stronger, more scalable security outcomes.

Continuous protection. AI-powered Nonstop SecOps. That’s Ontinue.

About the Stevie Awards
Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, the Stevie Awards for Technology Excellence and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

CONTACT: Alison Raymond, araymond@ontinue.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ontinue-wins-gold-stevie-award-for-advancing-the-future-of-managed-security-operations-302833367.html

SOURCE Ontinue

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New Harris Poll and Ruth AI Study: 81% of Americans Would Let an AI Agent Handle Part of Their Job Search

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Nearly half would let AI negotiate their salary, while 76% have never heard that AI can provide biased career guidance

SAN FRANCISCO, July 23, 2026 /PRNewswire/ — Artificial intelligence has become a mainstream source of career and financial advice for American workers, according to a national survey of 2,131 U.S. adults conducted by The Harris Poll in collaboration with Ruth AI, the AI career strategist built for women.

The full study, The Trust Gap, is available at https://ruthapp.ai/research and has already drawn coverage from Fast Company.

Nearly half of Americans (45%) have used an AI platform such as ChatGPT, Claude, or Gemini for career or work-related advice. That rises to 66% of Millennials and 63% of Gen Z. One in three U.S. adults has used AI for advice about money at work, including salary, raises, bonuses, or negotiating pay.

Americans are also increasingly willing to let AI act on their behalf. Eighty-one percent would be comfortable having an AI agent handle at least one part of a job search, climbing to 90% of Millennials. A majority would let AI search for jobs (67%), conduct pre-interview research (67%), update their resume (65%), or apply for jobs outright (55%). Nearly half would let AI negotiate their benefits (49%) or salary (47%).

Yet awareness of the technology’s documented limitations remains low. Three in four Americans (76%) had never heard that independent research has found AI can produce biased career and salary guidance. Seventy-two percent agree that AI can sound confident even when its advice turns out to be wrong.

“Americans are handing AI some of the most consequential decisions of their working lives, from the job search to the salary ask, while most have never heard that the guidance can carry bias,” said Valerie Chapman, founder and CEO of Ruth AI. “We are delegating faster than we are asking questions. The responsibility now falls on the people building AI to earn the trust users are already giving it.”

About the Survey

The survey was conducted online within the United States by The Harris Poll from June 11-13, 2026, among a nationally representative sample of 2,131 U.S. adults, including 420 Gen Z adults, 620 Millennials, 519 Gen X adults, and 572 Baby Boomers. Data were weighted to the U.S. general adult population. Some questions were asked only of respondents who had used AI for the relevant purpose. References to research on biased AI guidance refer to external academic research (Sorokovikova, Chizhov, Eremenko & Yamshchikov, 2025; arXiv:2506.10491) and are not findings measured by this survey.

About The Harris Poll Thought Leadership Practice

Building on more than 60 years of experience pulsing societal opinion, The Harris Poll Thought Leadership Practice designs research that is credible, creative, and culturally relevant, driving thought leadership and uncovering trends for today’s biggest brands.

About Ruth AI

Ruth AI is an AI career strategist built for women, on a mission to close the $1.6 trillion gender wage gap. Based in San Francisco, Ruth AI is building a suite of AI agents that help women build personal brands, negotiate their worth, and launch their businesses. Learn more at https://ruthapp.ai.

Media Contact

Valerie Chapman
Founder and CEO, Ruth AI
419380@email4pr.com
786-375-1110

View original content to download multimedia:https://www.prnewswire.com/news-releases/new-harris-poll-and-ruth-ai-study-81-of-americans-would-let-an-ai-agent-handle-part-of-their-job-search-302833298.html

SOURCE Ruth AI

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