For the full year of 2022, cumulative revenue reached NT$171,356 million, up 10.54% YoY
Zhen Ding Technology Holding Limited (Ticker: 4958), a leading global PCB manufacturer, today reported December 2022 revenue of NT$16,691 million, up 11.11% MoM and down 19.63% YoY. For the full year of 2022, cumulative revenue reached NT$171,356 million, up 10.54% YoY, achieving the company’s target of double digits revenue growth. According to Zhen Ding, following the easing of COVID controls in China, the supply chain has recovered gradually, and the company has actively worked with its clients on product shipments. As a result, December revenue increased MoM, and the full year revenue reached a record high again.
According to Zhen Ding, entering 2023, despite facing many macro uncertainties, the company continues to move toward its goal of exceeding 10% market share in the global PCB market by 2030, and therefore keeps all its capacity expansion plans on schedule. Two new fabs, namely the first ABF fab in Shenzhen and the high-end HDI fab in Huai’an Park 3, will enter mass production this year. In addition, the FPC and Advanced Module fab in Kaohsiung is under construction and Zhen Ding plans to install fab equipment in 2H23. Looking ahead, under the One ZDT strategy, Zhen Ding will continue to penetrate the fast-growing application markets and migrate its product mix to higher end. These will allow the company to continue to deliver record-breaking revenue and further strengthen its leading position in the PCB industry.
