Benefiting from the peak season of orders from major customer Apple, PCB manufacturer Zhen Ding (4958.TW) reported steady growth in September, in line with expectations. The company anticipates continued increases in both revenue and capacity utilization in the second half of the year, while revealing its role as a key PCB supplier for the recently launched AR/VR glasses in the market.

Zhen Ding announced its consolidated revenue for September 2024, reaching NT$19.337 billion, marking an 8.47% year-on-year increase and an 8.55% month-on-month rise. This is the second-highest September revenue in the company’s history. For Q3, revenue hit NT$50.609 billion, a 20.73% year-on-year increase and a 56.15% quarter-on-quarter rise, setting a new record for the period. Cumulative revenue from January to September reached NT$115.531 billion, up 19.10% year-on-year, also the second-highest for the same period historically.

Zhen Ding highlighted that September’s growth trend was driven by strong performances in mobile communications and automotive/server/base station sectors, which each posted record-high revenues for the period. Revenue from IC substrates also hit a new monthly high. Overall, Q3 revenue reached a historical high for the same period. As previously anticipated, the second half of the year marks the peak season for new product shipments in the mobile communications sector, and Zhen Ding expects further increases in overall revenue and capacity utilization during this period.

Additionally, Zhen Ding revealed its active involvement in the development of new AI-driven devices for top-tier global customers. This includes being a primary PCB supplier for the latest virtual reality (VR) devices, smart glasses, and augmented reality (AR) glasses that have recently been unveiled.