Montage Technology Shares Surge Over 5% in Early Trading Following 58.35% Net Profit Growth

Deep News03-02 10:00

Montage Technology (06809) saw its shares rise more than 5% at the start of trading. At the time of reporting, the stock had gained 4.63%, trading at HK$187.50 with a turnover of HK$118 million.

On the evening of February 27, Montage Technology released its preliminary financial results for the 2025 fiscal year. The group reported total operating revenue of RMB 5.456 billion, an increase of 49.94% year-on-year. Net profit attributable to shareholders of the parent company reached RMB 2.236 billion, up 58.35% compared to the previous year. Basic earnings per share stood at RMB 1.97.

Montage Technology stated that the 49.94% growth in annual revenue was primarily driven by strong industry demand fueled by the AI sector trend. The company experienced a significant increase in shipments of its interconnect chips, leading to a substantial rise in sales revenue for related products.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment