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← CockpitCompetitor Analysis › 600584.SS JCET Group Co., Ltd. Class AOpen in the cockpit ↗

JCET Group Co., Ltd. Class A600584.SSCompetitor analysis, valuation and peers

China · CNY·Information Technology›Semiconductors

China's largest chip packaging and testing (OSAT) company, assembling and testing chips for global fabless and IDM customers.

≈ China's Amkor TechnologyMomentum strong 70
Mkt cap
$14.1B
US dollars, full cap
Free float
74%
of shares outstanding
$/day
$561M
20-day average traded
Fwd P/E
40.2×
forward earnings
ROIC−WACC
+0.9 pp
WACC 8.8%
Hurdle
n/a
no reverse DCF
Next earnings
146 days
1 Apr 2027
Close · CNYCN¥52.51
1D-2.1%
1W+7.2%
1M-16.1%
3M-13.9%
6M+15.2%
YTD+42.8%
1Y+31.8%
ATR %6.8%
52w lowhigh53.9% off high

What JCET does

China's largest chip packaging and testing (OSAT) company, assembling and testing chips for global fabless and IDM customers.

Charges per chip packaged and tested, so revenue follows customers' wafer volumes and how advanced the packaging is; more complex packaging earns more per chip. It became a global player with the 2015 purchase of Singapore's STATS ChipPAC, with plants in China, South Korea and Singapore.

In one line: China's Amkor Technology.

Products and services

  • Advanced packaging (flip-chip, SiP, fan-out)
  • Traditional wire-bond packaging
  • Chip testing services

Customers

  • Global fabless chipmakers
  • IDMs (e.g., memory, analog makers)

Where it sits in the supply chain

  • Semiconductors
  • Packaging & testing (OSAT)
  • Advanced & traditional chip assembly…

What could go right

  • AI/HPC chip packaging demand
  • China domestic chip packaging localization

What could go wrong

  • Cyclical semiconductor demand
  • Heavy capex requirements

Moat: narrow (scale, installed base, customer qualification). Largest OSAT in China and top-3 globally by scale, after acquiring STATS ChipPAC's global footprint.

Headquarters: Jiangyin, Jiangsu, China · Founded: 1972 · Employees: 24,952

Named competitors

JCET at a glance

Size JCET (600584.SS) is a China Information Technology company (Semiconductors) with a market value of $14.1B, the 168th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥52.51 on 6 Nov 2026.

Performance Over six months the shares gained 15.2%, against -16.5% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 20 in its peer set.

Growth Revenue grew 3.8% over the last twelve months (peer median +37.3%); the operating margin is 6.2% (peer median 15.5%).

Valuation It trades at 40.2× forward earnings against a peer median of 23.2× (5th most expensive of 17).

Capital Return on invested capital runs 0.9 points above its cost of capital (8.8% WACC).

Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).

Relative performance

10015020011 May 202611 Aug 20266 Nov 2026600584.SS 109Peer median 80
Six months, rebased to 100: JCET against the median of its 20 peers (local-currency closes).

JCET financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥41.2BCN¥38.8BCN¥35.9BCN¥29.6BCN¥33.7B
Revenue growth—+8%+21%-12%—
Gross profitCN¥9.28BCN¥4.91BCN¥4.17BCN¥3.54BCN¥5.26B
EBITDAn/aCN¥6.00BCN¥5.32BCN¥5.07BCN¥6.88B
Net incomeCN¥2.23BCN¥1.57BCN¥1.61BCN¥1.47BCN¥3.23B
Free cash flow-CN¥5.54B-CN¥1.58BCN¥1.28BCN¥1.41BCN¥2.18B
Capital expenditureCN¥10.8BCN¥6.30BCN¥4.59BCN¥3.13BCN¥3.92B
Total debtCN¥15.2BCN¥12.8BCN¥12.0BCN¥9.72BCN¥7.89B

Quarterly statements and history in the cockpit →

JCET competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%-40%-20%0%6010125274603893TPROLSCC688120TSEM0501SITM301308MTSI2344FN6884982379301666002156SWKS688126600584.SS6-month return →1-month return →
Up and to the right = strong over both horizons. JCET is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%+300%0×20×40×60×5274603893TPROLSCC688120TSEM0501SITM3013082344FN688498002156SWKS600584.SSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. JCET is the large dot.

JCET competitors and peer comparison

Head to head with its named competitors (600584.SS vs 3711.TW vs AMKR vs 002156.SZ)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
JCET 600584.SS$14.1B+15%+4%6%40.2×n/a
Ase Technology 3711.TW$70.4B+2%+25%11%17.3×n/a
Amkor Technology AMKR$8.13B-57%+16%10%12.1×n/a
TongFu Microelectronics 002156.SZ$10.5B-15%+21%7%28.7×n/a
SJ Semiconductor 688820.SS$22.9B-21%+1%n/a136.4×n/a

How JCET compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

JCET against its 20 peers (data as of 6 Nov 2026)
Measure600584.SSPeer medianRank in peer set
1-month return-16.1%-21.4%10th highest of 20
6-month return+15.2%-16.5%7th highest of 20
Distance from 52-week high-53.9%-48.0%6th lowest of 21
Revenue growth (TTM)+3.8%+37.3%3rd lowest of 21
Operating margin6.2%15.5%5th lowest of 21
Forward P/E40.2×23.2×5th most expensive of 17
ROIC minus cost of capital+0.9 pp+6.2 pp8th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
JCET 600584.SSChina$14.1B+15%+4%6%40.2×n/an/a
LONGi Green Energy Technology 601012.SSChina$14.1B-25%-16%-12%n/an/an/a
ASPEED Technology 5274.TWOTaiwan$14.3B-30%+40%53%41.1×41.3%+24.3%
Rockchip Electronics 603893.SSChina$13.4B+16%+39%27%49.1×39.3%+18.7%
Technoprobe TPRO.MIItaly$14.9B+5%+22%30%38.4×36.4%+14.6%
Lattice Semiconductor LSCCUnited States$14.9B-17%+63%13%26.2×n/an/a
Hwatsing Technology 688120.SSChina$15.4B+42%+36%18%63.8×41.8%+64.4%
Tower Semiconductor TSEMUnited States$15.6B-35%+22%19%21.6×25.9%+4.4%
Omnivision Integrated Circuits 0501.HKHong Kong$15.7B-16%+7%13%23.2×n/an/a
SiTime SITMUnited States$12.5B-30%+83%0%23.1×n/an/a
Shenzhen Longsys Electronics 301308.SZChina$12.3B-46%+114%40%5.1×n/an/a
MACOM Technology Solutions MTSIUnited States$16.1B-41%+28%18%23.2×49.4%+12.8%
Winbond Electronic 2344.TWTaiwan$16.4B+22%+154%43%2.8×0.6%+8.1%
Cansemi Technology 301660.SZChina$11.8Bn/a+54%-99%n/an/an/a
Fabrinet FNUnited States$11.7B-47%+43%10%15.6×n/an/a
Yuanjie Semiconductor Technology 688498.SSChina$11.2B-45%+300%64%60.1×n/an/a
Realtek Semiconductor 2379.TWTaiwan$11.0B+33%+12%11%19.9×8.4%+9.6%
DapuStor 301666.SZChina$18.8B+20%+611%23%n/an/an/a
TongFu Microelectronics 002156.SZChina$10.5B-15%+21%7%28.7×n/an/a
Skyworks Solutions SWKSUnited States$19.3B+24%-3%9%14.3×39.4%-5.0%
National Silicon Industry 688126.SSChina$10.2B0%+33%-41%n/an/an/a

Questions

Who are JCET's main competitors?
Named competitors: ASE Technology Holding (3711.TW), Amkor Technology (AMKR), TongFu Microelectronics (002156.SZ), SJ Semiconductor (688820.SS). The cockpit's measured peer set (industry) also includes LONGi Green Energy Technology (601012.SS), ASPEED Technology (5274.TWO), Rockchip Electronics (603893.SS), Technoprobe (TPRO.MI), Lattice Semiconductor (LSCC), Hwatsing Technology (688120.SS).
Is JCET expensive compared with its peers?
On forward p/e it trades at 40.2× against a peer median of 23.2×, 5th most expensive of 17 in its peer set.
How has JCET stock performed?
Over six months to 6 Nov 2026 the shares returned +15.2% against -16.5% for the median peer; over one year +31.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.