Jiangsu Jiejie Microelectronics Co Ltd

Jiejie Microelectronics released its 2026 interim report. First-half operating revenue was 2.11 billion yuan, up 32.1% year on year, and net profit attributable to the parent was 298 million yuan, up 20.6% year on year. Second-quarter operating revenue was 1.19 billion yuan, up 32.6% year on year, and net profit attributable to the parent was 197 million yuan, up 46.2% year on year. As of the end of the second quarter, the company's total assets were 8.852 billion yuan, up 7.2% from the end of the previous year, and net assets attributable to the parent were 6.208 billion yuan, up 2.9% from the end of the previous year. The company said its main business remained stable, its business model is vertically integrated IDM manufacturing, and it plans to continue investing in new semiconductor power device chip production lines and high-end power semiconductor industrialization construction projects.

Jiejie Microelectronics has unveiled the draft of its 2026 restricted stock incentive plan, proposing to grant 10.87 million shares of Class I restricted stock to 85 incentive recipients, representing approximately 1.31 percent of the company's total share capital, at a grant price of 13.80 yuan per share. The shares for this incentive plan will come from the company's private placement of A-shares, with a maximum validity period of 60 months and a three-stage vesting schedule at ratios of 20 percent, 30 percent, and 50 percent. The company-level performance assessment requirements cover the three fiscal years from 2027 to 2029, with both target and trigger values set for each year. For 2027, the revenue target is no less than 5.7 billion yuan and net profit no less than 840 million yuan, with the trigger being revenue no less than 5.13 billion yuan and net profit no less than 756 million yuan, or revenue below 5.7 billion yuan but net profit no less than 840 million yuan. For 2028, the revenue target is no less than 6.6 billion yuan and net profit no less than 1.05 billion yuan, with the trigger being revenue no less than 5.94 billion yuan and net profit no less than 945 million yuan, or revenue below 6.6 billion yuan but net profit no less than 1.05 billion yuan. For 2029, the revenue target is no less than 7.6 billion yuan and net profit no less than 1.28 billion yuan, with the trigger being revenue no less than 6.84 billion yuan and net profit no less than 1.152 billion yuan, or revenue below 7.6 billion yuan but net profit no less than 1.28 billion yuan. The company-level vesting ratio for each period will be either 100 percent or 70 percent based on performance achievement.