On December 18, according to Zhongtai's Research Reports, JCET Group Co., Ltd. (600584.SH) has eight major production bases and two major R&D centers in China, South Korea, and Singapore, deeply advancing its global layout. At the same time, the company is actively expanding in emerging fields such as automotive electronics and is also expanding its advanced packaging capacity, further broadening its growth space. In terms of performance, as the industry's prosperity rebounds and the company's layout begins to yield returns, revenue in Q3 2024 has reached a historical high for the same period, with continuously recovering downstream demand driving record revenue. The revenue growth has diluted the period expenses, and profitability is gradually recovering. Considering the company's technological advantages in the semiconductor packaging and testing field, along with its deep investments in advanced packaging technologies such as SiP and 2.5D/3D, benefiting from the growth dividends of cloud/terminal AI and emerging markets like autos, in conjunction with the Company Valuation situation, a 'Buy' rating is given to the company.