单季度来看，其Q3营收为9.06亿元，同比增长51.60%；归母净利润为3.85亿元，同比增长153.40%。Montage Technology achieved revenue of 2.571 billion yuan in the first three quarters of this year, a year-on-year increase of 68.56%; net income attributable to the mother reached 0.978 billion yuan, a year-on-year increase of 318.42%. Montage Technology stated that the demand for memory interface and module supporting chips has shown a recovery growth trend this year, and the AI industry is driving the mass shipment of high-performance capacity chips.
"Star Daily" October 30 news (Reporter Guo Hui) Montage Technology released its third-quarter financial report for 2024 after the market closed today (October 30).
The company achieved revenue of 2.571 billion yuan in the first three quarters of this year, a year-on-year increase of 68.56%; net income attributable to the mother reached 0.978 billion yuan, a year-on-year increase of 318.42%.
Looking at a single quarter, its Q3 revenue was 0.906 billion yuan, a year-on-year increase of 51.60%; net income attributable to the mother was 0.385 billion yuan, a year-on-year increase of 153.40%.
Montage Technology stated that the main reasons for the significant year-on-year growth in operating performance in the first three quarters compared to the same period last year include, on the one hand, benefiting from the gradual recovery of global server and computer industry demand, the increased penetration rate of DDR5 downstream, and continuous iteration of sub-generations. The demand for memory interface and module supporting chips has shown a recovery growth trend, with shipments of DDR5 second-generation memory interface chips exceeding the first-generation products.
On the other hand, benefiting from the trend in the AI industry, the company's three new high-performance capacity chip products, such as PCIe Retimer, MRCD/MDB, and CKD chips, have started to be shipped at scale, contributing new performance growth.
In terms of products, Montage Technology's sales revenue for the interconnect chip product line in the first three quarters of this year was approximately 2.377 billion yuan, a year-on-year increase of 59.37%; sales revenue for the JinDao server platform product line was approximately 0.185 billion yuan, a year-on-year increase of 565.34%.
From the operation situation in the third quarter, the company's interconnect chip product line sales revenue was 0.849 billion yuan, a year-on-year increase of 46.02%, a quarter-on-quarter increase of 1.83%, also achieving a historical high in single-quarter sales revenue for this product line, with a gross margin of 62.21%.
Among them, the DDR5 memory interface chip also surpassed the DDR4 memory interface chip in Q3 in terms of single-quarter shipment volume; in terms of new products, the PCIe Retimer chip had a single-quarter shipment volume of over 0.6 million units in the third quarter, and the total sales revenue of the company's three high-performance power chip new products increased slightly on a quarterly basis.
According to TrendForce's previous forecast, the penetration rate of DDR5 will exceed half in the third quarter of 2024. AI servers and AI PC memory sticks directly using DDR5 products will accelerate the penetration of DDR5.
Regarding changes in shareholders, in the third quarter of this year, Hong Kong Securities Clearing Company Limited, Huaxia CSI Star 50 ETF, E Fund CSI Star 50 ETF, and Huaxia Guozi Semiconductor Chip ETF all increased their shareholdings; Huatai Bairui 300etf entered as the tenth largest shareholder this year, with a holding percentage of 1.56%.
