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	Jun '26 Jun 30, 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	6,150	5,447	3,629	2,278	3,671	2,562
Other Revenue	8.65	9.56	10.14	7.6	1.05	-
Revenue	6,158	5,456	3,639	2,286	3,672	2,562
Revenue Growth	33.66%	49.94%	59.20%	-37.76%	43.34%	40.49%
Cost of Revenue	2,199	2,033	1,568	1,132	1,993	1,331
Gross Profit	3,959	3,424	2,071	1,154	1,679	1,231
Selling, General & Admin	720.61	646.52	292.27	263.09	288.55	274.56
Research & Development	1,011	915.03	763.47	681.81	563.49	369.85
Other Operating Expenses	66.06	4.9	4.6	4.2	-40.71	9.71
Operating Expenses	1,801	1,567	1,061	948.96	812.04	654.56
Operating Income	2,158	1,856	1,010	205.03	867.44	576.4
Interest Expense	-2.18	-1.73	-1.51	-0.74	-1.03	-1.19
Interest & Investment Income	671.81	368.09	278.58	269.88	455.89	351.29
Currency Exchange Gain (Loss)	-208.33	-40.75	12.31	2.32	1.26	11.84
Other Non Operating Income (Expenses)	-0.39	-0.27	-0.28	-0.23	-0.88	-0.2
EBT Excluding Unusual Items	2,619	2,182	1,299	476.27	1,323	938.14
Gain (Loss) on Sale of Investments	464.47	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	0.77	-	-	-	-	-
Other Unusual Items	121.54	113.7	89.57	83.32	-	76.24
Pretax Income	3,205	2,321	1,413	472.22	1,414	915.01
Income Tax Expense	246.75	190.93	71.88	21.07	114.49	85.87
Earnings From Continuing Operations	2,958	2,130	1,341	451.15	1,299	829.14
Net Income to Company	2,958	2,130	1,341	451.15	1,299	829.14
Minority Interest in Earnings	115.52	105.93	71.04	-0.24	0.01	-
Net Income	3,074	2,236	1,412	450.91	1,299	829.14
Net Income to Common	3,074	2,236	1,412	450.91	1,299	829.14
Net Income Growth	55.43%	58.35%	213.10%	-65.30%	56.71%	-24.88%
Shares Outstanding (Basic)	1,158	1,135	1,129	1,127	1,129	1,136
Shares Outstanding (Diluted)	1,170	1,141	1,129	1,127	1,134	1,136
Shares Change	3.83%	0.99%	0.19%	-0.60%	-0.15%	-0.18%
EPS (Basic)	2.66	1.97	1.25	0.40	1.15	0.73
EPS (Diluted)	2.63	1.96	1.25	0.40	1.15	0.73
EPS Growth	49.69%	56.80%	212.50%	-65.22%	57.53%	-24.74%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	1,882	1,756	1,312	307.26	461.98	526.95
Free Cash Flow Per Share	1.61	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	0%	51.28%	30.00%	0%	0%	0%
Gross Margin	64.28%	62.75%	56.91%	50.49%	45.73%	48.05%
Operating Margin	35.05%	34.02%	27.76%	8.97%	23.62%	22.50%
Profit Margin	49.91%	40.97%	38.80%	19.73%	35.38%	32.36%
Free Cash Flow Margin	30.56%	32.19%	36.06%	13.44%	12.58%	20.57%
EBITDA	2,272	1,971	1,120	293.64	905.87	624.41
EBITDA Margin	36.89%	36.12%	30.77%	12.85%	24.67%	24.37%
D&A For EBITDA	113.81	114.36	109.65	88.6	38.43	48
EBIT	2,158	1,856	1,010	205.03	867.44	576.4
EBIT Margin	35.05%	34.02%	27.76%	8.97%	23.62%	22.50%
Effective Tax Rate	7.70%	8.23%	5.09%	4.46%	8.10%	9.38%
Revenue as Reported	5,456	5,456	3,639	2,286	-	2,562