Fintech PR
JCET Releases 2024 Annual Report, Achieves Record-High Revenue
SHANGHAI , April 20, 2025 /PRNewswire/ —
Q4 2024 Financial Highlights:
- Revenue was RMB 10.98 billion, an increase 19.0 % year-on-year, and an increase of 15.7% quarter-on-quarter, a record quarter in the company’s history.
- Net profit attributable to owners of the parent was RMB 0.53 billion, an increase of 7.3% year-on-year and 16.7% quarter-on-quarter.
- Generated RMB 1.90 billion cash from operations. With net capex investments of RMB 1.49 billion, free cash flow for the quarter was RMB 0.41 billion.
- Earnings per share were RMB 0.3.
Full Year 2024 Financial Highlights:
- Revenue was RMB 35.96 billion, an increase of 21.2% year-on-year, and a record high in the company’s history.
- Net profit attributable to owners of the parent was RMB 1.61 billion, an increase of 9.4% year-on-year.
- Generated RMB 5.83 billion cash from operations. With net capex investments of RMB 4.57 billion, free cash flow was RMB 1.26 billion.
- Earnings per share were RMB 0.9.
Shanghai, China, April 20, 2025 — JCET Group (SSE: 600584), a leading global provider of integrated circuit (IC) back-end manufacturing and technology services, today announced its full year financial results for the year ended December 31, 2024. The report shows that JCET achieved record-high revenue of RMB 35.96 billion for the full year 2024, representing a year-on-year increase of 21.2%. Net profit attributable to owners of the parent reached RMB 1.61 billion, up 9.4% year-on-year. In Q4, the company’s revenue rose to RMB 10.98 billion, up 19.0 % year-on-year and 15.7% quarter-on-quarter – surpassing the RMB 10-billion threshold for the first time and setting a new quarterly record. Q4 net profit attributable to owners of the parent was RMB 0.53 billion, reflecting a quarter-on-quarter increase of 16.7%. The company continues to strengthen its cash flow position, having achieved positive free cash flow for six consecutive years, from 2019 to 2024.
Business Overview
In 2024, JCET leveraged its core applications to strengthen customer loyalty and advance the commercialization of innovative technologies, resulting in record-high annual revenue. To accelerate its transition toward advanced packaging, the company consistently increased investment in advanced packaging technologies. Despite short-term cost pressures, JCET remains confident that its technological innovation and the adoption of intelligent applications will drive long-term growth. Operations across its manufacturing facilities steadily recovered, with capacity utilization continuing to rise. As of Q4, wafer-level packaging, other advanced packaging, and high-end testing operations had reached full capacity, with revenue from advanced packaging accounting for over 72% of total annual revenue.
Additionally, JCET has developed comprehensive, customized packaging and testing solutions for high-performance computing systems (e.g., computing, storage, connectivity, and power management), with mass production capabilities already in place. Revenue from the computing electronics segment grew by 38.1% year-on-year. In the automotive electronics sector, breakthroughs in ADAS sensors and electrified drive systems spurred a year-on-year revenue increase of 20.5%, further reinforcing the company’s position in the core supply chain of several leading industry players. The strong performance of these business segments has not only sharpened JCET’s competitiveness, but also laid a solid foundation for future product iterations, technological advancements, and market expansion.
Technological Innovation
JCET is dedicated to pioneering advanced packaging technologies and fostering collaborative development across the industry chain. In 2024, R&D expenditures reached RMB 1.72 billion, an increase of 19.3% year-on-year, with the company filing 587 new patent applications—bringing its total patent portfolio to 3,030 patents as of the end of 2024.
In the field of heterogeneous microsystem integration, JCET’s multi-dimensional fan-out packaging integration platform, XDFOI®, has achieved stable mass production. Similarly, plastic-encapsulated power modules for the new energy sector have entered mass production, successfully addressing challenges such as heat dissipation and warpage in high-power modules, thereby significantly enhancing product performance. With ongoing advancements in traditional packaging technologies, innovations like the HFBP dual-sided heat dissipation packaging have continued to strengthen JCET’s differentiated competitive edge, boosting customer loyalty and product margins among globally renowned clients. Additionally, by leveraging its pilot production line for automotive chip packaging, JCET has successfully developed and implemented several innovative process solutions. These initiatives have substantially improved both production efficiency and product quality.
Major Projects
In 2024, JCET continued to ramp up capital expenditures to further refine its industrial footprint in advanced technologies. The acquisition of an 80% stake in SanDisk (Shanghai) has been finalized and consolidated into the financial statements from Q4 onwards. The JCET Microelectronics Microsystem Integration High-End Manufacturing Base in Jiangyin has been put into operation, providing turnkey back-end manufacturing services for high-performance chips to global clients. Meanwhile, the Automotive Chip Back-End Manufacturing Base in Shanghai has completed structural topping-out and is expected to begin operations in the second half of 2025, further supporting the company’s expansion into the high-end automotive electronics market.
Mr. Li Zheng, CEO of JCET, said, “By focusing on core applications and key markets, we have accelerated the transformation of our business structure toward high value-added segments, achieving significant milestones in 2024. In light of ongoing structural shifts and emerging trends in the global semiconductor market, JCET will continue to strengthen technological innovation and actively promote open, collaborative engagement across the industry chain, opening a new chapter of high-quality growth.”
For more information, please refer to the JCET FY2024 Report
About JCET Group
JCET Group is the world’s leading integrated circuit back-end manufacturing and technology services provider. We offer a full range of turnkey solutions, including semiconductor package integration design and characterization, R&D, wafer probing, bumping, package assembly, final testing, and drop shipment to vendors worldwide.
Our comprehensive portfolio spans a broad range of semiconductor applications—including mobile, communication, computing, consumer, automotive, and industrial—delivered through advanced wafer-level packaging, 2.5D/3D packaging, System-in-Package solutions, and reliable flip chip and wire bonding technologies.
JCET Group has two R&D centers in China and Korea; eight manufacturing sites across China, Korea, and Singapore; and sales centers around the world, enabling close technology collaboration and efficient supply-chain manufacturing for our global customers.
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Fintech PR
Forbes Recognizes DXC’s Consulting Excellence in 2025 World’s Best Management Consulting Firms Ranking

ASHBURN, Va., May 16, 2025 /CNW/ – DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has been named to the prestigious Forbes World’s Best Management Consulting Firms 2025 list for the third year in a row. Out of 955,000 consulting firms in the U.S., fewer than 0.02% made the ranking, which is based on a rigorous survey of 2,350 clients and peers across 33 categories.
“This recognition highlights DXC’s deep industry expertise and unwavering commitment to driving business transformation through consulting and engineering,” said Howard Boville, President, Consulting & Engineering Services – Powered by AI. “As enterprises accelerate their digital evolution in the era of AI, we continue to deliver intelligent, scalable and secure solutions that help our clients innovate, optimize and gain competitive advantages industries.”
The consulting sector remains one of the most dynamic and rapidly expanding areas within professional services. A recent analysis by the Business Research Company projects that the global management consulting market will exceed $1.07 trillion in 2025, growing from $1.02 trillion in 2024. By 2029, the market is expected to reach approximately $1.33 trillion. To help businesses navigate this vast industry and identify top consulting partners, Forbes and Statista have collaborated to create a definitive ranking of the world’s leading management consulting firms.
DXC earned recognitions in the following categories: Automotive, Digital Transformation, IT, Technology, Telecommunications, and IT Strategy & Implementation. With a global team of 50,000+ highly skilled engineers and consultants, DXC is driving innovation across industries like financial services; healthcare and life sciences; public sector; aerospace and defense; automotive and manufacturing, and more. From improving fraud detection in banking to enhancing safety in autonomous driving, we’re helping clients transform their operations and unlock the potential of AI. The complete list of honorees can be viewed on the Forbes website.
For more information on DXC Consulting and Engineering Services – Powered by AI, visit https://dxc.com/us/en/offerings/analytics-and-engineering
Forward Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.
Angelena Abate, Media Relations, [email protected]; Roger Sachs, CFA, Investor Relations, +1-201 259-0801, [email protected]
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Fintech PR
Axonify Uncovers the Training Disconnect Facing Gen Z Frontline Workers

New data shows personalized, mobile-first learning is essential to retaining and engaging the newest generation of frontline workers
WATERLOO, ON, May 16, 2025 /PRNewswire/ — Generation Z (Gen Z) is reshaping the workforce—and setting new expectations for how training should support their success. According to Axonify’s latest report, Polling the frontline: Gen Z’s training and skills gaps, more than three-quarters (77%) of frontline Gen Z workers have faced situations where insufficient job-specific skills and training hindered their ability to complete tasks effectively. In these moments, nearly two-thirds (62%) reported feeling overwhelmed and anxious, over half (55%) experienced embarrassment and 14% even considered quitting their jobs. This new data from Axonify, a global leader in frontline training and performance, reveals the urgent need for employers to rethink how they train and support the newest generation of frontline talent.
The report surveyed 500 U.S. Gen Z frontline workers to understand what’s working—and where training is falling flat. For many, training begins and ends at onboarding. One in three received training only when they started their role, while 37% say they don’t have enough time to learn on the job. Others describe the training they did receive as disengaging or irrelevant, with 34% reporting that the content lacked interest or practical value. These gaps have real consequences: 67% of Gen Z workers say more consistent training would help reduce burnout, and 81% believe they would stay longer in their jobs if they had better ongoing support.
For Gen Z frontline workers, it’s not just about how much training they get—it’s about how relevant and applicable it is. Many say the content they receive isn’t personalized, doesn’t reflect their day-to-day challenges or fails to build confidence. In fact, 24% of respondents said they didn’t feel more confident after completing training, highlighting deeper issues with how knowledge is being delivered and reinforced.
“These findings underscore the critical need for employers to rethink their training strategies to better support Gen Z workers,” said Dave Carter, Chief Revenue Officer at Axonify. “By providing personalized, engaging and accessible training programs, organizations can not only bridge existing skills gaps but also enhance employee confidence, productivity and retention. It’s clear that adapting to the preferences of this new generation is essential for building a resilient and effective frontline workforce.”
Gen Z workers aren’t resistant to training—they’re asking for more of it, delivered with purpose, relevance and flexibility. Half of the respondents (50%) want personalized training tailored to their roles and career goals. Meanwhile, 35% prefer short video modules that are quick and easy to understand and another 35% want the option to learn on mobile devices. The shift toward more personalized, continuous learning is reshaping how frontline organizations approach training and development—and Gen Z is shining a spotlight on what they need to succeed. When training reflects these real-life situations, workers report greater confidence (90%), productivity (82%) and job satisfaction (81%)—all of which drive better outcomes for employers.
“This generation is digitally native and eager for work,” said Carter. “When training is personalized, practical and accessible, it enables Gen Z to grow with your organization instead of out of it.”
Learn more about the state of Gen Z frontline training in full – Polling the frontline: Gen Z’s training and skills gaps
Survey methodology: Axonify surveyed 500 retail, hospitality and food and beverage frontline workers within Generation Z (age 18- 28) in the U.S. using the online insights platform Pollfish. This survey was completed in April 2025.
About Axonify
Axonify is the #1 frontline-forward training and performance platform used by companies like Walmart, Kroger and Foot Locker. Over 4M users in 160+ countries use Axonify to onboard and train in five minutes a day. With personalized, AI-powered microlearning, custom training content, embedded communication, task management and more, Axonify is revolutionizing the way frontline workers learn, connect and get things done. Axonify is headquartered in Waterloo, Ontario, Canada. For more information, visit axonify.com.
Media Contact:
Niveen Saleh
PR and Communications Manager
[email protected]
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Fintech PR
NYSE Content Advisory: Pre-Market update + NYSE celebrates 233 years forward
NEW YORK, May 16, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.
Kristen Scholer delivers the pre-market update on May 16th
- U.S. equities trend higher, with the S&P 500 extending its win streak and closing just 3.7% below its record high, driven by easing trade tensions with China and softer-than-expected inflation data.
- The Producer Price Index unexpectedly fell in April, and retail sales saw only a slight increase, both contributing to positive market sentiment this week.
- As the NYSE celebrates its 233rd anniversary, it highlights major milestones including the launch of NYSE Texas and the trading innovations to allow efficient processing of historic message volume across its markets.
Opening Bell
The New York Stock Exchange welcomes ALS United to the podium to recognize ALS Awareness Month.
Closing Bell
The Asian American and Pacific Islander community celebrates AAPI Heritage Month at the NYSE’s 3rd Annual AAPI Bell Celebration.
Download the NYSE TV App and Subscribe Here

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