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Zhen Ding Tech. Group

#Financials
07Apr 2023
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March 2023 Monthly Revenue Report

Although the recovery of consumer electronics demand remains unclear in the near term, the first quarter revenue of 2023 still reached the second highest level for the same period in the company’s history.

Zhen Ding Technology Holding Limited (Ticker: 4958), a leading global PCB manufacturer, today reported March 2023 revenue of NT$9,117 million, down 8.32% MoM and down 32.58% YoY. For the first quarter of 2023, cumulative revenue was NT$31,545 million, down 6.99% YoY. According to Zhen Ding, the first quarter revenue 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, and the
macro environment and the demand for consumer electronics remain weak. 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 in the near term, the company has continued with its current pace in technology innovation and co-development of new high-end products with its clients. To fulfill the mid-to long-term demand from customers, its new fabs will enter mass production in the first half of 2023. The company will steadily improve its yield rates for new fabs amid the off-season, laying the foundation for the company’s growth in the second half and the
following years. Download as PDF