Zhen Ding Posts August 2024 Monthly Revenue Report

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Zhen Ding Technology Holding Limited, a global leading PCB manufacturer, today reported August 2024 revenue of NT$17,814 million, up 29.2% YoY and up 32.4% MoM, setting a record high for the same period in the company’s history. For January through August 2024, cumulative revenue reached NT$96,194 million, up 21.5% YoY, reaching the second highest for the same period.

According to Zhen Ding, August revenue continues to deliver strong YoY and MoM growth. From the year-on-year perspective, IC substrates achieved the highest growth, again reaching a record high for a single month. This was followed by Mobile Communication and Automotive/Server/Base Station, both marking new highs for the same period in the company’s history. The overall revenue performance was consistent with the company's previous expectation provided in the investor conference.

Zhen Ding pointed out that as the company has entered its traditional peak season in the second half of the year, along with the upcoming launch of customers’ new products, Zhen Ding will benefit from the demand of customers’ new products as well as the revenue contribution from IC substrates, servers, and automotive orders. As a result, for the second half of 2024, Zhen Ding’s utilization rate of each product application will further increase, and the company is positive on the full year operating performance.