For January through September 2022, cumulative revenue reached NT$118,454 million, up 20.16% YoY
Zhen Ding Technology Holding Limited (Ticker: 4958), a leading global PCB manufacturer, today reported September 2022 revenue of NT$20,272 million, up 31.20% YoY and up 22.57% MoM. For the third quarter of 2022, the consolidated revenue reached NT$50,005 million, up 20.15% YoY and up 44.80% QoQ. For January through September 2022, cumulative revenue reached NT$118,454 million, up 20.16% YoY. According to Zhen Ding, driven by customer pull-ins for new products in a traditionally stronger season, revenue in September and the third quarter of 2022 both reached record highs for the same period again. In addition, not only does its product mix continue to shift to higher end products, but its utilization rate, yield rate, and production efficiency have all been further improved.
According to Zhen Ding, the fourth quarter is a traditional peak season for customers’ newly launched Smartphones and Computers & Consumer Electronics products. This combined with the mass production of new products for automotive and servers will drive revenue to grow quarter by quarter this year, reaching a peak quarterly revenue in the fourth quarter. Overall, Zhen Ding remains confident to achieve double-digit growth in both revenue and net income in 2022.
