Montage Technology Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	5,685	5,447	3,629	2,278	3,671	2,562
Other Revenue	9.56	9.56	10.14	7.6	1.05	-
Revenue	5,695	5,456	3,639	2,286	3,672	2,562
Revenue Growth (YoY)	38.09%	49.94%	59.20%	-37.76%	43.34%	40.49%
Cost of Revenue	1,990	2,033	1,568	1,132	1,993	1,331
Gross Profit	3,704	3,424	2,071	1,154	1,679	1,231
Selling, General & Admin	676.99	646.52	292.27	263.09	288.55	274.56
Research & Development	950.11	915.03	763.47	681.81	563.49	369.85
Other Operating Expenses	8.76	4.9	4.6	4.2	-40.71	9.71
Operating Expenses	1,637	1,567	1,061	948.96	812.04	654.56
Operating Income	2,068	1,856	1,010	205.03	867.44	576.4
Interest Expense	-1.84	-1.73	-1.51	-0.74	-1.03	-1.19
Interest & Investment Income	386.09	368.09	278.58	269.88	455.89	351.29
Currency Exchange Gain (Loss)	-40.75	-40.75	12.31	2.32	1.26	11.84
Other Non Operating Income (Expenses)	-81.35	-0.27	-0.28	-0.23	-0.88	-0.2
EBT Excluding Unusual Items	2,330	2,182	1,299	476.27	1,323	938.14
Gain (Loss) on Sale of Investments	240.02	25.89	23.89	-87.33	90.75	-99.37
Gain (Loss) on Sale of Assets	-0.77	-0.77	-	-0.04	0.44	-0
Asset Writedown	-15.86	-	-	-	-	-
Other Unusual Items	113.69	113.7	89.57	83.32	-	76.24
Pretax Income	2,667	2,321	1,413	472.22	1,414	915.01
Income Tax Expense	211.27	190.93	71.88	21.07	114.49	85.87
Earnings From Continuing Operations	2,456	2,130	1,341	451.15	1,299	829.14
Net Income to Company	2,456	2,130	1,341	451.15	1,299	829.14
Minority Interest in Earnings	101.98	105.93	71.04	-0.24	0.01	-
Net Income	2,558	2,236	1,412	450.91	1,299	829.14
Net Income to Common	2,558	2,236	1,412	450.91	1,299	829.14
Net Income Growth	49.25%	58.35%	213.10%	-65.30%	56.71%	-24.88%
Shares Outstanding (Basic)	1,210	1,135	1,129	1,127	1,129	1,136
Shares Outstanding (Diluted)	1,210	1,141	1,129	1,127	1,134	1,136
Shares Change (YoY)	6.52%	0.99%	0.19%	-0.60%	-0.15%	-0.18%
EPS (Basic)	2.11	1.97	1.25	0.40	1.15	0.73
EPS (Diluted)	2.11	1.96	1.25	0.40	1.15	0.73
EPS Growth	40.12%	56.80%	212.50%	-65.22%	57.53%	-24.74%
Free Cash Flow	2,151	1,756	1,312	307.26	461.98	526.95
Free Cash Flow Per Share	1.78	1.54	1.16	0.27	0.41	0.46
Dividend Per Share	0.590	0.590	0.390	0.300	0.300	0.300
Dividend Growth	51.28%	51.28%	30.00%	-	-	-
Gross Margin	65.05%	62.75%	56.91%	50.49%	45.73%	48.05%
Operating Margin	36.31%	34.02%	27.76%	8.97%	23.62%	22.50%
Profit Margin	44.91%	40.97%	38.80%	19.73%	35.38%	32.36%
Free Cash Flow Margin	37.76%	32.19%	36.06%	13.44%	12.58%	20.57%
EBITDA	2,183	1,971	1,120	293.64	905.87	624.41
EBITDA Margin	38.34%	36.12%	30.77%	12.85%	24.67%	24.37%
D&A For EBITDA	115.53	114.36	109.65	88.6	38.43	48
EBIT	2,068	1,856	1,010	205.03	867.44	576.4
EBIT Margin	36.31%	34.02%	27.76%	8.97%	23.62%	22.50%
Effective Tax Rate	7.92%	8.23%	5.09%	4.46%	8.10%	9.38%
Revenue as Reported	5,695	5,456	3,639	2,286	-	2,562

Source: S&P Global Market Intelligence. Standard template. Financial Sources.