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Jinhaitong (金海通)金海通

603061.SSFounded 2012Reviewed 2026-08-30

Tianjin-based maker of IC test handlers (tri-temperature pick-and-place handlers under the EXCEED series) sold to OSATs, test subcontractors, IDMs and fabless designers in China and abroad. Listed on the Shanghai Stock Exchange main board in February 2023 under 603061.SH. FY2025 revenue rebounded sharply to RMB 698M (+71.68% YoY) on recovering packaging-and-test equipment demand.

Scale

~$97.1Mrevenue FY2025 · CNY 0.7B
~$3.8Bmarket cap · 2026-10-04
451 (383 parent + 68 subsidiaries)employees · 2025

Gap vs frontier

—gap not quantified

Jinhaitong (金海通).

Company at a glance

Scale

Revenue up 101% since FY2023

Growth prospects

Expanding customer base and product roadmap

via dataclouds.cninfo.com.cn ↗Revenue RMB 698M (+71.68% YoY); net profit RMB 177M (+124.93% YoY), disclosed 2026-03-10via wap.eastmoney.com ↗Test handlers generated RMB 633M in FY2025 (+79.51% YoY), 90.92% of main-business revenue, gross margin 52.10%

Official filings: FY2025 annual report (CNINFO) ↗ · IPO prospectus (Sina Finance) ↗

All sourced facts (6)
  • Founded: 2012-12-24, registered in Tianjin Huayuan Industrial Park; main office in Shanghai (Qingpu) via data.eastmoney.com ↗
  • Listing: Shanghai Stock Exchange main board, 603061.SH, February 2023 (underwriter Haitong Securities) via cs.com.cn ↗
  • FY2025 results: Revenue RMB 698M (+71.68% YoY); net profit RMB 177M (+124.93% YoY), disclosed 2026-03-10 via dataclouds.cninfo.com.cn ↗
  • Product concentration: Test handlers generated RMB 633M in FY2025 (+79.51% YoY), 90.92% of main-business revenue, gross margin 52.10% via wap.eastmoney.com ↗
  • Customers: Top five customers were 58.28% of FY2025 revenue; customer base includes Tongfu Microelectronics (通富微电), JCET (长电科技), Amkor, UTAC, ChipMOS and others across China, Malaysia, Singapore and Korea via dataclouds.cninfo.com.cn ↗
  • Export-control status: Not identified among the A-share companies named in media tallies of the December 2024 US Entity List additions (test peer Accotest/华峰测控 was added instead) via wabei.cn ↗

About

Designs and manufactures automated test handlers and related customized equipment, selling machines plus after-market services to semiconductor assembly and test customers; test handlers contributed 90.92% of FY2025 main-business revenue.

Founded 2012

Why it matters

Handlers are the mechanical bottleneck asset class in back-end test capacity, and Jinhaitong is one of the few domestic suppliers whose tools run at leading Chinese OSATs as well as overseas sites in Malaysia, Singapore and Korea, substituting for Cohu/Techwing-class imported handlers.

Where it sits in the stack

equipment

Key semiconductor products

  • EXCEED series tri-temperature IC test handlers·EXCEED-6000/8000/9000
  • Customized automation equipment for test-floor applications

Financials

603061.SS · Shanghai Stock Exchange (main board) 603061.SS · via Yahoo Finance ↗

Financial trajectory via annual filings via Yahoo Finance

RMB billions
RMB 0.35BRMB 0.08B
2023
RMB 0.41BRMB 0.08B
2024
RMB 0.7BRMB 0.18B
2025

Market data refreshed daily; annual figures from exchange filings. Figures in the reporting currency shown on the chart.

Ecosystem

Global peer set

  • Cohu (handlers)
  • Techwing (handlers)
  • Advantest / Teradyne (cell-level test, adjacent segment)

Competitive position

  • Domestic leader in IC test handlers by revenue share within its listed peer group; handlers are the core product with 52.10% gross margin in FY2025
  • Exposed to OSAT capex cycles: FY2025 revenue +71.68% on packaging-and-test demand recovery after a weak 2024
  • Sales mix spans Chinese OSATs and overseas test sites in Malaysia, Singapore and Korea
  • Global comparables: Cohu (handlers)
  • Global comparables: Techwing (handlers)
  • Global comparables: Advantest / Teradyne (cell-level test, adjacent segment)

Milestones and signals

  • 2012—Jinhaitong (金海通) was founded.
  • 2023—Shanghai Stock Exchange main board, 603061.SH, February 2023 (underwriter Haitong Securities)
  • 2025—Employees At End-2025: CNY 451 (383 parent + 68 subsidiaries)
  • 2026-10-04—Market cap: RMB 27.1B
  • FY2025—Revenue: RMB 698M
  • FY2025—Net Profit: RMB 177M

What to watch

  • Order trajectory into 2026 as OSAT capacity expansion restarts
  • Share gains at Tongfu/JCET affiliates versus imported handler fleets
  • Any expansion from handlers into adjacent back-end tools

Questions

Last reviewed 2026-07-11

Answered questions

What is the measurable gap versus global reference companies?

Domestic leader in IC test handlers by revenue share within its listed peer group; handlers are the core product with 52.10% gross margin in FY2025.

Open questions

  • Which products are qualified beyond pilots in equipment?
  • Which customers, fabs, or end markets show real adoption rather than policy interest?