Listed China’s semiconductor material company Jingrui Electronic Materials expects an over 120% annual growth

Editing by Kate Yuan

Jingrui Electronic Materials (晶瑞电材), a listed semiconductor material company, announced last week that its net profit attributable to shareholders in 2021 is expected to reach RMB170 million ($26.76 million) to RMB220 million ($34.63 million), an increase of 120.92% to 185.9% year on year. 

The January 17-announcement attributed the growth to the rapid development of the domestic substitutions of semiconductor material and the new energy vehicle industries. Jingrui is one of the earliest photoresist R&D players in China. Founded in 2001 in Suzhou, eastern China’s Jiangsu Province, it went public in 2017 on the Shenzhen Stock Exchange.

The company said it has a grasp on opportunities from the industry chain and is enjoying booming sales for its main products boomed, such as photoresist and supporting materials, high-purity reagents, and lithium battery materials, resulting in a surging year-on-year growth and overall profitability.

Jingrui Electronic Materials’ products are widely used in semiconductors, panel display, LED, lithium batteries, and solar photovoltaics. The company has established production bases in the provinces of Jiangsu, Sichuan, Shaanxi, and Hubei.