Zhen Ding Reported Its Operating Results for the Full Year of 2024, Expecting AI Applications to Drive Growth in 2025

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Zhen Ding Technology Holding Limited, a global leading PCB manufacturer, hosted an investor conference and announced its consolidated financial results for the full year of 2024. Revenue for 2024 was NT$171,664 million, reaching a record high in the company’s history and maintaining the company’s position as the world’s largest PCB manufacturer for the eighth consecutive year. The full-year net income was NT$13,096 million, net income to parent was NT$9,180 million, and EPS was NT$9.67.

According to Chairman & Group Chief Strategy Officer (Group CSO) Charles Shen, Zhen Ding’s 2024 revenue increased by 13.4% YoY, exceeding previous expectations and setting a new historical record. The company's global PCB market share further increased from 7.0% in the previous year to 7.3%, and it remains committed to its mid-to-long-term growth strategy. Among Zhen Ding’s four major applications, revenue for Mobile Communications, Servers/Automotive/Optical, and IC Substrates all achieved record highs, while Computers and Consumer Electronics also showed a significant recovery. Benefiting from a better product mix and improved production efficiency, its gross margin for 2024 reached 18.9% and operating margin reached 6.8%, both delivering year-on-year improvements.