Securities Times｜Montage Technology Anticipates a 612.73%-661.59% Net Profit Increase in the First Half of 2024

Translated from Securities Times

Montage Technology Co., Ltd. (stock code: 688008) announced on the evening of July 5 the anticipation of a net profit ranging from RMB 583 million to RMB 623 million in the first half of 2024, representing a year-on-year growth of 612.73%-661.59%. Since the beginning of 2024, the company has seen a restorative growth in demand for memory interfaces and module-related chips, with an increase in DDR5 downstream penetration and continuous advancement in DDR5 successor iteration. By the first half of 2024, the company's shipments of second-generation DDR5 RCD chips have already surpassed those of the first generation. In addition, the company has begun to scale up shipments of some new chip products for AI operation capacity, contributing to new performance growth. These two facets together have propelled a significant year-on-year increase in the company's operating income and net profit in the first half of 2024.

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