TAIPEI -- Zhen Ding expects sales to rebound in the near-term, although it expects flat profit growth for the second half.

Since July 1, orders are tracking with last year's numbers, rebounding from a 15% year-over-year drop in the first half.

Likewise, first-half profits fell 78%, but are expected to flatten out during the remainder of the year.

The flex circuit fabricator cites older product lines, seasonality, and falling prices among the reasons for the decline. Zhen Ding is a major supplier to Apple, and was the world's second largest PCB fabricator in 2015 with sales of about $2.6 billion, according to the NTI-100.

The company expects sales to rebound in 2017 as it adds capacity and new customers. A new plant in Huaian, China, has come online and is expected to be at full capacity by year-end.

Register now for PCB West, the Silicon Valley's largest trade show for the printed circuit industry, taking place Sept. 13-15 in Santa Clara: pcbwest.com

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