Jingsheng Electronics expects to make a net profit of 553 million yuan to 636 million yuan in the first half, an increase of 100% over the same period last year.

Jingsheng Machinery and Machinery issued a semi-annual performance forecast that the company expects to achieve net profits of 553 million yuan to 636 million yuan respectively attributed to shareholders of listed companies in the first half of 2021, an increase of 100%, 130% over the same period last year, compared with 276 million yuan in the same period last year.

As for the main reasons for the performance growth, Jingsheng said that in the first half of 2021, the company carried out its main business around the development strategy of "advanced materials and advanced equipment" and the business plan formulated at the beginning of the year, benefiting from the sustainable development of the domestic photovoltaic industry. Downstream silicon wafer manufacturers actively promote the progress of production expansion, the company grasps the development trend of the industry, strengthens market development, and improves service quality. Achieve a substantial increase in order volume, operating income scale and operating performance compared with the same period last year.

In addition, in the first half of 2021, Jingsheng Mechanical and Electrical estimated that the impact of non-recurrent profits and losses on net profit is about 54 million yuan-56 million yuan.

It is understood that Jingsheng mechanical and electrical products are mainly used in integrated circuits, solar photovoltaic, LED, industrial 4.0 and other emerging industries with broad development prospects. Its equipment in the photovoltaic industry chain has achieved a leading position in both technology and scale recognized by the industry, in the field of 8-12 inch large wafer equipment, the company's products in crystal growth, slicing, polishing, epitaxy and other wafer material links have basically achieved full coverage and domestic replacement of 8-inch equipment, 12-inch long crystal equipment and some processing equipment have also been sold in batches, and the product quality has reached the international advanced level.

In terms of sapphire materials, Jingsheng electromechanical large-size sapphire crystal growth technology and technology has reached the international leading level. At present, it has successfully grown the world's leading 700Kg sapphire crystal, established a large-scale production base, and is a leading enterprise mastering core technology and scale advantages. In addition, the company's silicon carbide epitaxial equipment has been verified by customers, and a test line has been planned for silicon carbide crystal growth, slicing and polishing, in order to achieve the lead in equipment and process technology. accelerate the forward-looking layout of the third generation semiconductor material silicon carbide business.