Brief Introduction

Established in 2004, Montage Technology is headquartered in Shanghai and has branches in Kunshan, Macao, Silicon Valley of USA and Seoul of South Korea. Montage Technology was listed on the Star Market of Shanghai Stock Exchange on July 22, 2019.

As one of the leading fabless semiconductor companies, Montage Technology is committed to providing high-performance IC based solutions for cloud computing and artificial intelligent (AI) markets. Based on years of expertise in research and development, Montage Technology has delivered various products including memory interface chip, Jintide® CPU and hybrid security memory module (HSDIMM®). Highly recognized in the industry for the excellent performance, the products of Montage Technology have been widely used in the servers in data center, cloud computing and artificial intelligence markets to meet the needs of new-generation servers for high performance, high reliability and high security. Montage Technology pays attention to intellectual property protection. As of June 30, 2019, Montage Technology has obtained 94 domestic and foreign patents.

Dedicated for more than 10 years in the memory interface technology, Montage Technology is able to deliver high-speed, large-capacity memory buffer solutions of DDR2 to DDR4 to meet the growing demand in data centers. Montage Technology's invention of DDR4 fully buffered “1+9” distributed architecture is adopted by JEDEC as an international standard, and its related products have successfully entered the industry mainstream memory, server and cloud computing fields and served the majority of the global market.

Since 2016, Montage has been cooperating with Tsinghua University and Intel to develop Jintide® CPU. A high-performance Jintide® server platform combining Jintide® CPU with Montage's hybrid security memory module (HSDIMM®) has been launched. The platform has realized real-time security monitoring function at silicon level and can play an important role in the information security field. This architecture also incorporates advanced heterogeneous processing and interconnect technologies for future AI and big data applications, which provides strong support of comprehensive data processing and computing power for various applications in the AI era.

Montage Technology has received numerous industry awards and recognition, including: in 2016, received appraisal from Chinese Institute of Electronics -- "The overall technology of Montage Technology's low-power DDR series memory buffers ranks the international leading level"; and received First Prize of Science and Technology Award from Chinese Institute of Electronics for its memory buffer technology and industrialization project; in 2018, the Dynamic Security Check (DSC) technology adopted by Jintide® CPU and Jintide® server platform was awarded one of the World Internet Leading Scientific and Technological Achievements in the 5th World Internet Conference; in 2019, won First Prize of Shanghai Technology Invention for its High-performance DDR memory buffer controller chip design technology.

Company Overview

Full name Montage Technology Co., Ltd.
Abbreviations Montage Technology
Code 688008
Founded 2004-5-27
Listing 2019-7-22
Domicile Shanghai
Website www.montage-tech.com
Email ir@montage-tech.com
STAR Theme New Generation IT
CSRCSector Manufacturing
Has weighted voting rights structure? None

Financials

Highlights

  2018 2017 2016
Earnings Per Share 0.87 0.46 0.12
R&D expenditure as a % of operating revenue 15.74% 15.34% 23.46%
Operating Revenue 1,757.66 1,227.51 844.94
Net Income 736.88 346.92 92.80

Income Statement (Unit: RMB mn)

  2018 2017 2016
Operating Revenue 1,757.66 1,227.51 844.94
Operating Costs 1,014.05 939.84 756.04
Operating Income 782.90 362.70 89.37
Pretax Income 786.23 362.37 99.09
Income Tax 49.35 15.45 6.29
Net Income 736.88 346.92 92.80

Balance Sheet(Unit: RMB mn)

  2018 2017 2016
Assets
Current Assets-Total 4,086.53 1,426.20 1,078.48
Non-current Assets-Total 94.13 48.49 42.87
Total Assets 4,180.66 1,474.69 1,121.34
Liabilities
Current Liabilities-Total 427.02 267.86 220.23
Non-current Liabilities-Total 137.88 19.83 18.09
Total Liabilities 564.91 287.69 238.32
Stockholder's Equity
Share Capital 2,847.91 823.22 823.22
Retained Profits 767.84 363.79 59.80
Minority interests - - -
Total Owners' Equity 3,615.75 1,187.01 883.02

Cash Flow Statement (Unit: RMB mn)

  2018 2017 2016
Net Cash Flows-Operating 969.15 226.83 387.08
Net Cash Flows-Investing -99.92 37.72 -222.67
Net Cash Flows-Financing 1,692.24 - -29.53

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
中国电子投资控股有限公司 161.72 15.90%
Intel Capital Corporation 101.68 10.00%
WLT Partners, L.P. 87.82 8.64%
珠海融英股权投资合伙企业(有限合伙) 69.27 6.81%
上海临理投资合伙企业(有限合伙) 53.51 5.26%
中信证券投资有限公司 51.03 5.02%
嘉兴宏越投资合伙企业(有限合伙) 44.25 4.35%
Xinyun Capital Fund I, L.P. 44.25 4.35%
金石中睿一期(深圳)股权投资合伙企业(有限合伙) 35.29 3.47%
嘉兴萚石三号投资合伙企业(有限合伙) 32.97 3.24%
30 Jun 2019

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