January 2023 revenue reached NT$12,484 million, up 19.43% YoY
Zhen Ding Technology Holding Limited (Ticker: 4958), a leading global PCB manufacturer, today reported January 2023 revenue of NT$12,484 million, up 19.43% YoY and down 25.20% MoM. According to Zhen Ding, entering the traditionally slower season, the company’s January revenue still delivered a double-digit YoY growth, as the supply chain has been back to normal, and the momentum of customer order pull-ins has continued.
According to Zhen Ding, although the macro environment in 2023 remains challenging, the company’s mid-to long-term growth target is unchanged, and therefore it keeps all its capacity expansion plans on schedule. Zhen Ding’s first ABF fab in Shenzhen has entered pilot run as scheduled. The company believes that the demand and applications for IC substrates will continue to grow in the mid-to long term, and there is no change to its pace of expanding its IC substrate business for the next 10 years. 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.
