Brief Introduction

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

As one of the international leading data processing and interconnect chip design companies, Montage Technology is committed to providing high-performance IC based solutions for cloud computing and AI (Artificial Intelligent) markets. Leveraging years of expertise in IC research and development, Montage Technology has delivered various products including memory interface chips, memory module supporting chips (i.e., SPD Hub, Temperature Sensor and PMIC), PCIe retimers, Jintide server platform. 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.

Dedicated for more than 17 years in the memory interface technology, Montage Technology is able to deliver high-speed, large-capacity memory buffer solutions of DDR2 to DDR5 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.

Montage Technology provides high-performance PCIe 4.0 retimers with advanced signal conditioning capabilities to secure system reliability and scalability. These retimers are compliant with PCIe Base Specification 4.0 and support mainstream package requirements, offering a robust and scalable PCIe interconnect solution for servers, storage appliances and hardware accelerators.

Jintide server platform mainly consists of Montage's Jintide CPU and hybrid security memory module (HSDIMM). The server platform delivers high security and reliability along with robust computing capability for cloud computing data centers to enable it playing a significantly important role in the information security field. Jintide CPU is an x86 processor family for use on Jintide or other general server platforms.

Montage Technology has won numerous industry awards and recognition, including: in 2016, received appraisal of "The overall technology of Montage Technology's low-power DDR series memory buffers ranks the international leading level" from Chinese Institute of Electronics; and received First Prize of Science and Technology Award from Chinese Institute of Electronics for its memory buffer technology and industrialization project; in 2019, won First Prize of Shanghai Technology Invention for its High-performance DDR memory buffer controller chip design technology; in 2020, Dr. Howard Yang, co-founder, Chairman and CEO of Montage Technology, received the JEDEC Distinguished Executive Leadership Award for his long-term support for JEDEC participation at both the strategic and managerial levels of open standards development. In 2021, Montage Technology was appointed to the Board of Directors of JEDEC.

Company Overview

Full name Montage Technology Co., Ltd.
Abbreviations Montage Technology
Code 688008
Founded 2004-05-27
Listing 2019-07-22
Domicile Shanghai
STAR Theme New Generation IT
CSRC Sector Manufacturing
Has weighted voting rights structure? None



  2020 2019 2018
Earnings Per Share 0.98 0.88 0.87
R&D expenditure as a % of operating revenue 16.44% 15.36% 15.74%
Operating Revenue 1,823.67 1,737.73 1,757.66
Net Income 1,103.68 932.86 736.88

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 1,823.67 1,737.73 1,757.66
Operating Costs 1,021.12 787.76 1,000.74
Operating Income 1,198.31 979.21 782.90
Pretax Income 1,204.64 978.75 786.23
Income Tax 100.96 45.89 49.35
Net Income 1,103.68 932.86 736.88

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 6,659.75 7,678.75 4,086.53
Non-current Assets-Total 1,759.70 102.01 94.13
Total Assets 8,419.44 7,780.75 4,180.66
Current Liabilities-Total 236.43 279.71 427.02
Non-current Liabilities-Total 112.76 171.32 137.88
Total Liabilities 349.19 451.03 564.91
Stockholder's Equity
Share Capital 6,031.47 5,829.30 2,847.91
Retained Profits 2,038.79 1,500.43 767.84
Total Owners' Equity 8,070.25 7,329.72 3,615.75

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 1,000.11 868.96 969.15
Net Cash Flows-Investing -343.77 -2,008.85 -99.92
Net Cash Flows-Financing -339.09 2,689.53 1,692.24

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 14.30%
WLT Partners, L.P. 87.82 7.76%
珠海融英股权投资合伙企业(有限合伙) 69.27 6.12%
上海临理投资合伙企业(有限合伙) 53.51 4.73%
上海齐银股权投资基金管理有限公司-嘉兴宏越投资合伙企业(有限合伙) 44.25 3.91%
Xinyun Capital Fund I, L.P. 44.25 3.91%
深圳金石中睿投资管理有限公司-金石中睿一期(深圳)股权投资合伙企业(有限合伙) 24.55 2.17%
中信证券投资有限公司 22.42 1.98%
嘉兴中电朝云投资管理有限公司-嘉兴芯电投资合伙企业(有限合伙) 21.13 1.87%
As of 2021-03-31

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