Jingrui Electric Materials Profits soared and market share exceeded 40%
Jingrui Electric Materials released its quarterly financial report, marking a dramatic turnaround from its performance lows just one year prior. The company’s results reflect not only a surge in profitability but also a decisive advancement in China's push for semiconductor material self-reliance.
- Third Quarter (Q3) Revenue:
- Ranged to 419 million yuan, a +14.27% year-on-year (yoy) growth.
- Net Profit (Q3):
- Reached 58.615 million yuan, +938.99% yoy increase.
- First Three Quarters (H1+Q3) Financials:
- Total revenue: 1.187 billion yuan (+11.92% yoy).
- Net profit: 128 million yuan, +19,202.65% yoy growth.
Revenue by Sector:
High-Purity Chemicals
High-Purity Chemicals
- Revenue: Up +22.49% yoy
- Volume & Shipments:
- High-purity hydrogen peroxide (H₂O₂): Shipments increased by over 55% year-on-year.
- Sales of high-purity sulfuric acid: +86.20% yoy
- Sales of high-purity nitric acid: +48.44% yoy
- Sales of high-purity ammonia: +8.45% yoy (slower growth, but still positive)
- Gross Profit Margin: Increased by 13.43 percentage points — a major structural improvement.
Photoresist Business
- Revenue: +12.36% yoy
- Product Breakdown:
- i-line photoresist: Sales volume and revenue up by over 22% yoy
- KrF photoresist: Achieved "several times" growth (exact multiplier not specified, but significant)
- ArF photoresist: Entered small-batch shipments, with samples sent for verification — early-stage commercialization
In the field of photoresists, Jingrui Electronic Materials boasts a comprehensive product portfolio, encompassing broad-spectrum UV, g-line, i-line, KrF, and ArF . Its i-line photoresist is already being supplied on a large scale to major wafer fabs , while KrF photoresist has also entered mass production and shipment. Jingrui Electronic Materials has also begun small-batch shipments of its more advanced ArF photoresist, with samples being sent for verification . Jingrui Electronic Materials is one of the very few companies in China to have made substantial progress in the high-end photoresist field.
International Breakthroughs
- Products have reached SEMI G5-level standards (world-class purity), matching or exceeding global benchmarks.
- Supplies key domestic chipmakers including:
- Yangtze Memory Technologies (YMTC)
- SMIC (Semiconductor Manufacturing International Corporation)
- Hua Hong Semiconductor
High-purity H₂O₂, sulfuric acid, ammonia, and nitric acid all meet SEMI G5 purity requirements.
- Export Activity: Products exported to Japan and Southeast Asian markets, signaling international competitiveness beyond China's domestic demand.
- One of the few global players capable of manufacturing a wide range of G5-grade semiconductor wet chemicals.
- High-purity hydrogen peroxide:
- Metal impurity content as low as <1 ppt (parts per trillion) — approaching detection limits
- Industry-leading quality for use in advanced lithography processes
This level of purity is essential for high-end chip manufacturing, where even trace contaminants can cause defects.
- R&D investment remains strong and strategically aligned with China’s "Chip Independent & Controllable Strategy" (chip self-reliance policy).
Production Scale & Integration
- Built four production bases across the country.
- Total annual production capacity: nearly 300,000 tons
- Industry-leading scale enables end-to-end integrated production, from:
- Upstream industrial-grade raw materials
- To downstream semiconductor-grade products
