Montage Technology (688008.SH) recorded a net profit of 14.12 billion yuan in 2024, a year-on-year increase of 213.1%.

Montage Technology (688008.SH) released its 2024 annual performance report. In 2024, the company achieved operating income of 3.639 billion yuan, an increase of 59.20% compared to the previous year; net profit attributable to owners of the parent company was 1.412 billion yuan, an increase of 213.10% compared to the previous year; net profit attributable to owners of the parent company after deducting non-recurring gains and losses was 1.248 billion yuan, an increase of 237.44% compared to the previous year. The main reasons for the significant growth in the company's operating performance in 2024 compared to the previous year are: on one hand, benefiting from the gradual recovery of global demand in the server and computer industry, the demand for the company's memory interface and module support chips has seen a recovery growth. At the same time, benefiting from the increase in DDR5 downstream penetration rate and continuous iteration of sub-generations, the company's DDR5 memory interface chip shipments have exceeded DDR4 memory interface chip shipments, and the shipments of DDR5 second-generation memory interface chips have exceeded the first-generation products; on the other hand, benefiting from the trend of the AI industry, the company's three new high-performance capacity chips (PCIeRetimer, MRCD/MDB, and CKD) have started to scale in shipments. Among them, the PCIeRetimer chip is used in downstream applications, while the MRCD/MDB chip and CKD chip are starting to be used on an industry-wide scale. The combined sales revenue of the three new products is approximately 422 million yuan, which is 8 times higher than the previous year, contributing new growth points to the company.