Is Montage Technology (SHSE:688008) A Risky Investment?

Simply Wall St18:22 ET

Lanqi Technology: Lanqi Technology 2024 Annual Performance Report Announcement

SZSIFeb 24 11:00 ET · Announcements

Lanqi Technology 2024 Annual Performance Report Announcement

SZSIFeb 24 11:00 ET · Announcements

Benefiting from the recovery of market demand and the trend of the AI industry, Montage Technology's net profit in 2024 is expected to increase more than twice.

① Montage Technology achieved a net income of 1.412 billion yuan in 2024, a year-on-year increase of 213.10%, setting a historical high; ② The shipment volume of its DDR5 memory interface chips exceeded that of DDR4 memory interface chips, and the shipment volume of the second generation DDR5 memory interface chips exceeded that of the first generation products.

cls.cnFeb 24 07:51 ET

Express News | Montage Technology Prelim 2024 Net Profit up 213.1%

ReutersFeb 24 04:20 ET

Montage Technology (688008.SH): The net income for the year 2024 is 1.412 billion yuan, an increase of 213.10% year-on-year.

On February 24, Glonghui announced that Montage Technology (688008.SH) released its performance report for 2024. In 2024, the company achieved revenue of 3.639 billion yuan, an increase of 59.20% compared to the previous year; achieved net income attributable to the parent company's owners of 1.412 billion yuan, an increase of 213.10% compared to the previous year; achieved net income attributable to the parent company's owners after deducting non-recurring gains and losses of 1.248 billion yuan, an increase of 237.44% compared to the previous year. The significant growth in the company’s operating performance in 2024 compared to the previous year is mainly due to: on the one hand, benefiting from the Global server and Computer.

Gelonghui FinanceFeb 24 04:17 ET