Zhen Ding Technology Holding (4958) Q2 2026 earnings summary

Executive summary

• 1H26 revenue reached NT$89,159 million, up 13.9% year-over-year, driven by high-end AI applications and an upgraded product mix.

• Consolidated financial statements for the six months ended June 30, 2026, were audited and present a fair view in accordance with relevant regulations and standards.

• The Group operates globally in the PCB manufacturing sector, with significant subsidiaries and investments across Asia.

• Application for a main board listing on the Hong Kong Stock Exchange was submitted on July 2, 2026.

• The company is investing heavily in capacity expansion, with NT$80 billion in planned capital expenditures for 2026 and ongoing investments through 2028.

Financial highlights

• 2Q26 revenue was NT$48,431 million, up 26.8% year-over-year; net income rose 168.6% to NT$3,727 million.

• 1H26 net income increased 139.3% year-over-year to NT$5,774 million; EPS rose to NT$3.55 from NT$1.30.

• Gross margin for 1H26 was 22.4%, up from 16% a year earlier; operating margin reached 7.0%.

• Cash and cash equivalents stood at NT$97,098 million as of June 30, 2026, up 30.9% year-over-year.

• R&D expenses increased 50.7% to NT$7,794 million in 1H26.

Outlook and guidance

• AI infrastructure buildout is expected to drive a long-term growth cycle for high-end PCBs, with revenue from Servers/Optical Modules targeted to more than double for the full year.

• The Group continues to invest in capacity expansion and technology upgrades, with significant capital commitments for property, plant, and equipment.

• Subsidiaries are pursuing new listings and capital raises to support AI server and high-speed optical module projects.