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Zhen Ding Technology Reports Record Revenue and Profitability in Q3 2024
October 9, 2024 | Zhen Ding TechnologyEstimated reading time: 1 minute
Zhen Ding Technology Holding Ltd. (ZDT), a global leader in high-quality printed circuit board (PCB) solutions, announced its financial results for the third quarter of 2024, marking the company's most successful quarter to date.
ZDT achieved consolidated revenue of NTD 58.2 billion in Q3 2024, reflecting an impressive 28.3% year-over-year growth. This record-breaking performance was driven by strong demand across all of the company’s business segments, particularly in high-density interconnect (HDI) and rigid-flex PCBs.
The company also reported a gross profit margin of 23.7%, underscoring its commitment to operational efficiency and cost management. Net profit surged to NTD 7.8 billion, a 58.8% increase from Q3 2023, further demonstrating ZDT's ability to scale profitability alongside revenue growth.
ZDT continues to strengthen its market position through investments in cutting-edge technologies. The company's expertise in fine-line processing, high-layer count PCB technology, and material science enables it to meet the increasing demand for more complex and miniaturized electronics. Key sectors like 5G, artificial intelligence (AI), and automotive electronics remain major growth drivers, positioning ZDT at the forefront of the evolving technology landscape.
With a positive outlook for Q4 2024, ZDT is confident in its ability to sustain growth momentum. As technological advancements in 5G, AI, and automotive continue to accelerate, ZDT expects to capitalize on emerging opportunities in the global PCB market. The company remains focused on innovation and operational excellence as key drivers of future success.
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