On September 22, Jiemei Technology announced the approval of its asset restructuring plan, outlining its intention to acquire 100% of Afos Technology’s equity. This will be achieved through a share issuance at a transaction value of 915 million RMB, complemented by 228 million RMB in supporting financing (matched financing).

Industry experts highlight that this strategic move positions Jiemei Technology to break into the photolithography machine optical processing equipment sector, forging a new growth path that combines ‘materials and equipment.’ Should the merger and acquisition proceed as planned, it will activate a second growth engine within semiconductor precision manufacturing, thereby bolstering the company’s long-term valuation prospects.

Simultaneously, the company’s release film business is experiencing a surge in production volume. Research reports indicate that the release film market has entered a phase of explosive growth for domestic substitution. Mainstream clients, including Three-Ring, Yageo, Fenghua, Samsung, and Murata, have completed product validation and are now making bulk purchases. New production lines in Guangdong and Tianjin are set to commence mass production in the third quarter, boosting capacity by 60% to reach 768 million square meters. Research findings further suggest that Jiemei Technology’s rapid growth is not solely attributed to increased production volumes but also to product upgrades: the launch of 1.0μm coated release film, the sampling of 0.9μm products, and the full replacement of imported BOPET base films with domestically produced alternatives, continuously enhancing technological barriers.

In the first half of 2026, Jiemei Technology reported revenue of 1.169 billion RMB, marking a 21.42% year-on-year increase. Net profit attributable to shareholders reached 138 million RMB, reflecting a substantial 39.87% year-on-year surge. Notably, revenue from electronic-grade film materials soared by 79% year-on-year to 207 million RMB. Monthly shipments of release film doubled over a six-month period, exceeding 40 million square meters. The gross margin in the second quarter improved sequentially by 1.21 percentage points, signaling a significant recovery in profitability.