PVTIME – Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. (JSG, 300316.SZ), a Chinese high-tech company specialising in the production of high-end semiconductor equipment and LED substrate materials, has released its financial results forecast for 2023.
For 2023, JSG expects net profit attributable to the parent company to be between 4.385 billion and 4.970 billion yuan (US$611,707,500 and US$693,315,000), up 50% to 70%, and net profit after tax to be between 4.12 billion and 4.705 billion yuan (US$574,740,000 and US$656,347,500), up 50.36% to 71.70%.
During the period under review, JSG’s various businesses developed rapidly as the Company optimised its product structure and management and promoted the equipment and materials businesses. Meanwhile, innovative equipment for PV production, increased production capacity for quartz crucibles, diamond wire, silicon carbide and related advanced materials have positively impacted its performance. In addition, it achieved rapid year-on-year growth in operating profit by strengthening supply chain management and building intelligent production facilities, vigorously exploring international markets and improving management systems.
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