On April 12, the HC Semitek Co., Ltd. released its 2020 annual report, which showed that the company achieved a revenue of 2.64 billion RMB in 2020, and the net profit for its shareholders was 18.24 million RMB, a significant annual increase of 101.71%. This successful turnaround in net profit has laid a solid foundation for the company to start a period of rapid growth.

“Since the innovative research and development of Mini LED chips in 2019, the company has gradually ushered in a new growing period,” said Hu Jianyong, head of the company’s comprehensive affairs department. He also mentioned that Mini LED chips went into mass production last year, and this year will witness a larger scale of production.

At present, this product has been used in many key projects of leading terminal manufacturers, including BOE and Innolux, and orders from home and abroad have grown steadily. From focusing on LEDs to developing third-generation semiconductors, HC Semitek is well on its way to a period of rapid growth. (By Wang Ting, translated by Shen Yingying, edited by Mariam Ayad)