Zhen Ding Technology Holding Limited (Ticker: 4958), a global leading PCB manufacturer, today reported September 2023 revenue of NT$17,826 million, up 29.31% MoM and down 12.07% YoY. Revenue for the third quarter of 2023 was NT$41,919 million, up 78.10% QoQ and down 16.17% YoY. For the first three quarters of 2023, cumulative revenue reached NT$97,002 million, down 18.11% YoY.

According to Zhen Ding, its September revenue continued to deliver significant MoM growth, reaching the highest level for a single month year-to-date. Its third quarter revenue maintained a strong performance during the traditional peak season, with revenue for the four key product applications all delivering QoQ growth. Driven by the preparation of inventories for customers’ new products, revenue for Mobile Communication and Computers & Consumer Electronics both increased by over 80% QoQ. Meanwhile, revenue for IC Substrate and Automotive Radar/Base Station/Server also delivered double-digit QoQ growth. That said, Zhen Ding’s overall utilization rate has maintained at a high level currently, and the company's operation is expected to
experience a moderate recovery in the second half of this year, in line with previous expectation. Download as PDF