Jiemei expands MLCC release film capacity and buys lithography equipment maker
June release film shipments top 40 million sqm; high-end MLCC wins Jiemei shipped over 40 million square meters of release film in June, with stable mass supply to major Chinese, Korean and Japanese MLCC makers and breakthroughs in high-end thin-layer products. More volume sold to bigger customers supports revenue growth and strengthens its position as foreign supply is replaced.
Shows the core business is winning real orders and customers, the main force behind earnings growth.
MLCC release film sales more than double; supply seen short Industry-wide MLCC demand is recovering, helped by AI servers and electric cars, and Jiemei's release film sales have more than doubled year-on-year since March. The company expects supply to fall short of demand into next year, which supports higher prices and volumes.
Explains the demand surge that underpins Jiemei's sales and pricing power.
Buys Efus Technology for 915 million yuan at over 500% premium Jiemei will buy Efus Technology, which makes polishing machines used to produce key optical parts of lithography machines, for 915 million yuan. The target is profitable with high margins and promises at least 221 million yuan profit over 2026-2028, adding a new growth story beyond films.
A major new acquisition that expands Jiemei into semiconductor equipment and drove the stock limit-up.
Adds 428 million yuan to lift release film capacity by 60% Jiemei will invest an extra 428 million yuan in its North China base, raising planned release film capacity from 480 million to 768 million square meters a year, starting production before end-2027. The company cites AI servers, electric vehicles and robotics, and sees domestic MLCC output rising.
Shows management expects demand to keep growing and is spending to capture it.
Murata dropping some MLCC lines may shift orders to Chinese makers Murata, the global MLCC leader, will stop making some consumer and automotive part numbers from fiscal 2026 to focus on high-end AI server products. Investors bet Chinese suppliers like Jiemei will pick up that demand, lifting MLCC-related shares including Jiemei.
A fresh competitive shift that could send more business to Jiemei's customers and its films.