Montage Technology Co., Ltd. (SHA: 688008)

Montage Technology Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	3,324	2,278	3,671	2,562	1,824	1,738
Other Revenue	7.6	7.6	1.05	-	-	-
Revenue	3,331	2,286	3,672	2,562	1,824	1,738
Revenue Growth (YoY)	43.81%	-37.76%	43.33%	40.49%	4.94%	-1.13%
Cost of Revenue	1,593	1,132	1,993	1,331	520.93	540.48
Gross Profit	1,738	1,154	1,679	1,231	1,303	1,197
Selling, General & Admin	261.79	263.09	288.55	274.56	267.09	169.64
Research & Development	747.17	681.81	563.49	369.85	299.88	266.86
Other Operating Expenses	3.42	5.54	-40.71	9.71	1.93	0.21
Operating Expenses	1,012	950.3	812.04	654.56	568.69	433.16
Operating Income	725.99	203.69	867.44	576.4	734.05	764.1
Interest Expense	-1.2	-0.74	-1.03	-1.19	-	-
Interest & Investment Income	293.46	269.88	455.89	351.29	182.08	151.55
Currency Exchange Gain (Loss)	2.32	2.32	1.26	11.84	-23.45	21.95
Other Non Operating Income (Expenses)	0.57	-0.23	-0.88	-0.2	-0.15	2.54
EBT Excluding Unusual Items	1,021	474.93	1,323	938.14	892.52	940.13
Gain (Loss) on Sale of Investments	-26.54	-87.33	90.75	-99.37	160.72	0.78
Gain (Loss) on Sale of Assets	-	-	0.44	-0	-	-0.12
Asset Writedown	178.03	-0.04	-	-	-	-
Other Unusual Items	84.57	84.66	-	76.24	151.41	37.96
Pretax Income	1,257	472.22	1,414	915.01	1,205	978.75
Income Tax Expense	63.66	21.07	114.49	85.87	100.96	45.89
Earnings From Continuing Operations	1,194	451.15	1,299	829.14	1,104	932.86
Net Income to Company	1,194	451.15	1,299	829.14	1,104	932.86
Minority Interest in Earnings	1.7	-0.24	0.01	-	-	-
Net Income	1,195	450.91	1,299	829.14	1,104	932.86
Net Income to Common	1,195	450.91	1,299	829.14	1,104	932.86
Net Income Growth	123.75%	-65.30%	56.71%	-24.88%	18.31%	26.60%
Shares Outstanding (Basic)	1,142	1,134	1,129	1,136	1,126	1,060
Shares Outstanding (Diluted)	1,146	1,137	1,134	1,136	1,138	1,060
Shares Change (YoY)	2.52%	0.30%	-0.15%	-0.18%	7.33%	25.16%
EPS (Basic)	1.05	0.40	1.15	0.73	0.98	0.88
EPS (Diluted)	1.05	0.40	1.15	0.73	0.97	0.88
EPS Growth	117.95%	-65.42%	57.53%	-24.74%	10.23%	1.15%
Free Cash Flow	1,167	307.26	461.98	526.95	560.78	847.39
Free Cash Flow Per Share	1.02	0.27	0.41	0.46	0.49	0.80
Dividend Per Share	0.300	0.300	0.300	0.300	0.300	0.300
Gross Margin	52.18%	50.49%	45.73%	48.05%	71.44%	68.90%
Operating Margin	21.79%	8.91%	23.62%	22.50%	40.25%	43.97%
Profit Margin	35.88%	19.73%	35.38%	32.36%	60.52%	53.68%
Free Cash Flow Margin	35.03%	13.44%	12.58%	20.57%	30.75%	48.76%
EBITDA	850.1	291.08	905.87	624.41	764.71	794.32
EBITDA Margin	25.52%	12.73%	24.67%	24.37%	41.93%	45.71%
D&A For EBITDA	124.1	87.39	38.43	48	30.67	30.22
EBIT	725.99	203.69	867.44	576.4	734.05	764.1
EBIT Margin	21.79%	8.91%	23.62%	22.50%	40.25%	43.97%
Effective Tax Rate	5.06%	4.46%	8.10%	9.38%	8.38%	4.69%
Revenue as Reported	1,046	-	-	2,562	1,824	1,738

Source: S&P Capital IQ. Standard template. Financial Sources.