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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	3,013	2,278	3,671	2,562	1,824	1,738
Other Revenue	10.26	7.6	1.05	-	-	-
Revenue	3,023	2,286	3,672	2,562	1,824	1,738
Revenue Growth (YoY)	13.12%	-37.76%	43.33%	40.49%	4.94%	-1.13%
Cost of Revenue	1,287	1,132	1,993	1,331	520.93	540.48
Gross Profit	1,736	1,154	1,679	1,231	1,303	1,197
Selling, General & Admin	253.81	263.09	288.55	274.56	267.09	169.64
Research & Development	745.85	681.81	563.49	369.85	299.88	266.86
Other Operating Expenses	77.35	5.54	-40.71	9.71	1.93	0.21
Operating Expenses	1,077	950.3	812.04	654.56	568.69	433.16
Operating Income	658.82	203.69	867.44	576.4	734.05	764.1
Interest Expense	-0.92	-0.74	-1.03	-1.19	-	-
Interest & Investment Income	302.04	269.88	455.89	351.29	182.08	151.55
Currency Exchange Gain (Loss)	8.25	2.32	1.26	11.84	-23.45	21.95
Other Non Operating Income (Expenses)	0.19	-0.23	-0.88	-0.2	-0.15	2.54
EBT Excluding Unusual Items	968.38	474.93	1,323	938.14	892.52	940.13
Gain (Loss) on Sale of Investments	-110.07	-87.33	90.75	-99.37	160.72	0.78
Gain (Loss) on Sale of Assets	-	-	0.44	-0	-	-0.12
Asset Writedown	-0.04	-0.04	-	-	-	-
Other Unusual Items	157.99	84.66	-	76.24	151.41	37.96
Pretax Income	1,016	472.22	1,414	915.01	1,205	978.75
Income Tax Expense	53.9	21.07	114.49	85.87	100.96	45.89
Earnings From Continuing Operations	962.35	451.15	1,299	829.14	1,104	932.86
Net Income to Company	962.35	451.15	1,299	829.14	1,104	932.86
Minority Interest in Earnings	-0.14	-0.24	0.01	-	-	-
Net Income	962.21	450.91	1,299	829.14	1,104	932.86
Net Income to Common	962.21	450.91	1,299	829.14	1,104	932.86
Net Income Growth	37.40%	-65.30%	56.71%	-24.88%	18.31%	26.60%
Shares Outstanding (Basic)	1,120	1,134	1,129	1,136	1,126	1,060
Shares Outstanding (Diluted)	1,123	1,137	1,134	1,136	1,138	1,060
Shares Change (YoY)	-2.45%	0.30%	-0.15%	-0.18%	7.33%	25.16%
EPS (Basic)	0.86	0.40	1.15	0.73	0.98	0.88
EPS (Diluted)	0.86	0.40	1.15	0.73	0.97	0.88
EPS Growth	40.69%	-65.42%	57.53%	-24.74%	10.23%	1.15%
Free Cash Flow	933.86	307.26	461.98	526.95	560.78	847.39
Free Cash Flow Per Share	0.83	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	57.43%	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	31.83%	19.73%	35.38%	32.36%	60.52%	53.68%
Free Cash Flow Margin	30.89%	13.44%	12.58%	20.57%	30.75%	48.76%
EBITDA	759.26	291.08	905.87	624.41	764.71	794.32
EBITDA Margin	25.12%	12.73%	24.67%	24.37%	41.93%	45.71%
D&A For EBITDA	100.44	87.39	38.43	48	30.67	30.22
EBIT	658.82	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	5.30%	4.46%	8.10%	9.38%	8.38%	4.69%
Revenue as Reported	737.36	-	-	2,562	1,824	1,738

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