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Zhen Ding Technology Holding Limited, a global leading PCB manufacturer, reported June 2025 revenue of NT$12,823 million, up 19.68% YoY and up 8.75% MoM, setting a record high for the same period in the company’s history. In U.S. dollar terms, the growth rate was even stronger at 30.82% YoY. Second quarter revenue was NT$38,203 million, up 17.87% YoY, and cumulative revenue for the first half reached NT$78,285 million, up 20.58% YoY, both marking all-time highs for the respective periods.
According to Zhen Ding, June revenue continued its growth momentum. Among the company’s four major product applications, IC substrates delivered the strongest performance, setting a new monthly record for the third consecutive month. This was followed by solid growth for Computer & Consumer Electronics and Mobile Communications, both achieving double-digit YoY growth. While the second quarter is traditionally a slow season and was further challenged by currency fluctuations, Zhen Ding demonstrated resilience by delivering record-high Q2 revenue, indicating that the “One ZDT” strategy is beginning to yield synergies. However, the company’s near-term profitability may still be impacted by currency volatility and rising raw material costs.
Zhen Ding expects that, as it enters the traditional peak season in the third quarter, customer inventory build-up for new products and rising demand for IC substrates will drive its revenue and utilization rate to further increase. In addition, for new products launching in the second half, the company plans to adjust pricing to partially reflect higher raw material costs. Overall, the company's performance in the second half of the year will be significantly better than in the first half.
