In 2024, JCET's revenue surged to 35.962 billion yuan, marking a year-on-year increase of 21.24%. Net profit also saw a healthy growth of 9.44%, reaching 1.61 billion yuan. The company achieved a significant milestone by acquiring an 80% equity stake in SanDisk Semiconductor for a transaction value of US$659.125 million. Notably, shareholders including the National Integrated Circuit Industry Investment Fund transferred their shares to Panshi Hong Kong, leading to a change in the controlling shareholder. Consequently, the actual controller of JCET has been updated to China Resources Co., Ltd.
