Stock code: 688008 Stock abbreviation: Montage Technology Announcement No.: 2025-001

Montage Technology Co., Ltd

Announcement of 2024 annual results increase

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important Content Notes:

According to the preliminary calculations of the financial department, Montage Technology Co., Ltd. (hereinafter referred to as the "Company") expects that:

1. In 2024, the operating income will be about 3.639 billion yuan, an increase of about 59.20% over the same period of the previous year;

2. In 2024, the net profit attributable to the owners of the parent company will be 1.378 billion yuan ~ 1.438 billion yuan, an increase of 205.62% ~ 218.93% over the same period of the previous year;

3. In 2024, the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be 1.224 billion yuan ~ 1.284 billion yuan, an increase of 230.82% ~ 247.04% over the same period of the previous year.

1. Forecast of performance for the current period

(1) The performance forecast period

January 1, 2024 to December 31, 2024.

(2) Performance forecast

According to the preliminary calculation of the financial department, the company expects that:

1. In 2024, the operating income will be about 3.639 billion yuan, an increase of about 59.20% over the same period of the previous year (statutory disclosure data);

2. In 2024, the net profit attributable to the owners of the parent company will be 1.378 billion yuan ~ 1.438 billion yuan, an increase of 205.62% ~ 218.93% over the same period of the previous year (statutory disclosure data);

3. In 2024, the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be 1.224 billion yuan ~ 1.284 billion yuan, an increase of 230.82% ~ 247.04% over the same period of the previous year (statutory disclosure data).

(3) This performance forecast has not been audited by a certified public accountant.

Second, the performance of the same period last year

1. Operating income in 2023: 2.286 billion yuan.

2. Total profit in 2023: 472 million yuan.

3. Net profit attributable to owners of the parent company in 2023: 451 million yuan.

4. Net profit attributable to owners of the parent company after deducting non-recurring gains and losses in 2023: 370 million yuan.

5. Earnings per share in 2023: 0.40 yuan/share.

3. The main reasons for the change in the performance of the current period

1. About the 2024 annual operating results

In 2024, the company expects to achieve operating income of about 3.639 billion yuan, an increase of about 59.20% over the same period of last year, of which: the sales revenue of the interconnection chip product line is about 3.349 billion yuan, an increase of about 53.31% over the same period of last year; the net profit attributable to the owners of the parent company was 1.378 billion yuan ~ 1.438 billion yuan, an increase of 205.62% ~ 218.93% over the same period of last year; The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 1.224 billion yuan ~ 1.284 billion yuan, an increase of 230.82% ~ 247.04% over the same period of last year.

In 2024, the main reasons for the significant increase in the company's operating performance over the same period last year include: on the one hand, benefiting from the gradual recovery of demand in the global server and computer industry, the company's demand for memory interface and module supporting chips has achieved restorative growth, and at the same time, benefiting from the improvement of DDR5 downstream penetration rate and the continuous iteration of the subgeneration, the company's DDR5 memory interface chip shipments exceeded DDR4 memory interface chips, and the shipments of DDR5 second-generation memory interface chips exceeded that of the first child; On the other hand, benefiting from the trend of the AI industry, the company's three new high-performance capacity chips (PCIe Retimer, MRCD/MDB, CKD chips) began to be shipped on a large scale, contributing new performance growth points to the company.

In 2024, the company expects that the sales revenue of interconnection chips, the net profit attributable to the owners of the parent company, and the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will all reach a record high in the company's history.

2. Regarding the operating results for the fourth quarter of 2024

In the fourth quarter of 2024, the company expects to achieve operating income of about 1.068 billion yuan, including: interconnection chips

The sales revenue of the product line was about 972 million yuan, and the third-generation RCD chips of DDR5 began to be shipped on a large scale; Achieve return

net profit attributable to owners of the parent company of 400 million yuan ~ 460 million yuan; The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 350 million yuan ~ 410 million yuan. For the fourth quarter of 2024, the company expects revenue to increase both year-over-year and sequentially, primarily due to strong demand for DDR5 memory interface chips and higher shipments.

In the fourth quarter of 2024, the company expects operating income, interconnection chip sales revenue, net profit attributable to owners of the parent company, and net profit attributable to owners of the parent company after deducting non-recurring gains and losses to reach a record high in a single quarter, of which: the company expects the sales revenue of interconnection chips, net profit attributable to owners of the parent company, and net profit attributable to owners of the parent company to achieve quarter-on-quarter growth for seven consecutive quarters.

4. Risk Warning

This performance forecast is a preliminary accounting conducted by the company's financial department based on its own professional judgment, and has not been audited by a certified public accountant. The Company has not identified any significant uncertainties affecting the accuracy of the content of this earnings forecast.

5. Other explanatory matters

The main financial data for 2024 contained in this announcement are preliminary accounting data, and the specific and accurate financial data are subject to the audited 2024 annual report officially disclosed by the company, and investors are reminded to pay attention to investment risks.

The announcement is hereby made.

Montage Technology Co., Ltd

Board of Directors

January 23, 2025