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Zhen Ding Tech. Group

06Nov 2023

October 2023 Monthly Revenue Report

Zhen Ding Technology Holding Limited (Ticker: 4958), a global leading PCB manufacturer, today reported October 2023 revenue of NT$20,874 million, up 17.10% MoM and down 1.49% YoY. For January through October 2023, cumulative revenue reached NT$117,875 million, down 15.59% YoY.

According to Zhen Ding, its October revenue continued to deliver double digits MoM growth, reaching the highest level for a single month year-to-date and exceeding NT$20 billion, driven by the momentum of order pull-ins for customers’ new products. In October, revenue for Mobile Communication had the highest sequential growth, and Mobile Communication, Automotive/Base Station/Server, and IC Substrate all achieved MoM and YoY growth. As a result, Zhen Ding expects that its operation in the fourth quarter of this year will follow the seasonal patterns. It will still be the peak season for customers’ newly launched smartphones, and the revenue for the fourth quarter is expected to have double-digit QoQ growth. Download as PDF