Zhen Ding Technology Holding Limited (Ticker: 4958), a leading global PCB manufacturer, today reported April 2023 revenue of NT$7,140 million, down 21.69% MoM and down 30.95% YoY. For January through April 2023, cumulative revenue reached NT$38,685 million, down 12.59% YoY. According to Zhen Ding, the cumulative revenue of first four months still reached the second highest level for the same period in the company’s history. However, as the company previously expected, the first half of the year is a traditional off-season, the demand for consumer electronics remains weak, and the supply chain is still digesting inventories. As a result, Zhen Ding is relatively conservative in the operating results for the first half of 2023.

According to Zhen Ding, although the recovery of consumer electronics demand remains unclear, the company has continued with its current pace in technology innovation and co-development of new high-end products with its clients, especially for the new applications including server PCB and ABF substrate. As the industry enters the traditional peak season in the second half of the year, Zhen Ding will prepare for the shipments of customers’ new products, which will drive a steady recovery. Overall, the company’s operation is expected to reach a bottom in the first half of this year. Download as PDF