Flexible PCB specialist Zhen Ding Technology will see gross sales of its non-FPCB merchandise together with substrate-like PCBs and rigid-flex boards to account for greater than 20% of firm revenues in 2019, in line with firm chairman Charles Shen.
Zhen Ding’s diversification efforts will likely be bearing fruit this yr, mentioned Shen, including that the corporate is seeking to grow to be a supplier of one-stop PCB providers.
Zhen Ding has additionally developed COF (chip-on-film) substrates, that are within the buyer validation stage, Shen indicated. The firm expects the brand new product line to begin producing revenues this yr. COF is ready to be the mainstream meeting know-how for handset- and TV-use LCD functions, Shen mentioned.
Zhen Ding reported EPS of NT$10.50 (US$0.34) on consolidated revenues of NT$117.9 billion for 2018. The firm noticed its gross margin climb 5.77pp on yr to 22.1%, whereas internet income attributable to the guardian firm surged 63.3% to NT$8.45 billion.
Zhen Ding’s month-to-month revenues have been disappointing so far in 2019, however are anticipated to rebound within the second quarter, Shen famous. The firm expects to submit one other on-year revenues improve and also will be pursuing revenue development this yr, Shen mentioned.
Zhen Ding disclosed its cumulative 2019 revenues by February fell 29.7% from a yr in the past to NT$12.11 billion.
