Stock code: 688008 Stock abbreviation: Montage Technology Announcement No.: 2025-005

Montage Technology Co., Ltd

2024 Annual Results Bulletin Announcement

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

The main financial data for 2024 contained in this announcement are preliminary accounting data, which have not been audited by accounting firms, and the specific data are subject to the 2024 annual report of Montage Technology Co., Ltd. (hereinafter referred to as the "Company"), and investors are reminded to pay attention to investment risks.

1. Main financial data and indicators for 2024

Unit: 10,000 yuan, 10,000 shares

Item Current reporting period Same period last year Increase or decrease Change

（%）

Total operating income 363,891.11 228,573.85 59.20

Operating profit 141,289.32 47,203.58 199.32

Total profit 141,261.79 47,221.88 199.14

Net profit attributable to owners of the parent company 141,177.89 45,090.98 213.10

Deductions attributable to owners of the parent company are not 124,829.04 36,993.21 237.44

Net profit from recurring gains or losses

Basic earnings per share (RMB) 1.25 0.40 212.50

Weighted average return on equity (%) 13.41 4.44 increased by 8.97 percentage points

End of the reporting period Beginning of the reporting period Change in the amount of change

（%）

Total assets 1,221,891.14 1,069,754.10 14.22

Owners' equity attributable to parent company 1,140,343.81 1,019,140.62 11.89

Share capital 114,478.93 113,874.03 0.53

Net per share attributable to owners of the parent company 9.96 8.95 11.28

Assets (RMB)

Note: 1. The beginning of the reporting period is the same as the end of the previous year as disclosed by law.

2. The above data are filled in with the company's unaudited consolidated statement data.

3. If there is a penny difference in the above increase and decrease range data, it is caused by rounding.

2. Explanation of operating performance and financial situation

(1) The operating and financial conditions of the reporting period and the main factors affecting the operating performance

1. About the business situation in 2024

In 2024, the company achieved operating income of 3.639 billion yuan, an increase of 59.20% over the previous year; Achieve return

net profit attributable to owners of the parent company was 1.412 billion yuan, an increase of 213.10% over the previous year; The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 1.248 billion yuan, an increase of 237.44% over the previous year. In 2024, the main reasons for the significant increase in the company's operating performance compared with the previous year are: on the one hand, benefiting from the gradual recovery of demand in the global server and computer industry, the company's demand for memory interface and module supporting chips has achieved restorative growth, and at the same time, benefiting from the increase in the penetration rate of DDR5 downstream and the continuous iteration of the subgeneration, the company's DDR5 memory interface chip shipments exceeded DDR4 memory interface chips, and the shipments of DDR5 second-generation memory interface chips exceeded that of the first child; On the other hand, benefiting from the promotion of AI industry trends, the company's three new high-performance capacity chips (PCIe Retimer, MRCD/MDB and CKD) began to be shipped on a large scale, among which: PCIeRetimer chips were applied on a downstream scale, MRCD/MDB chips and CKD chips began to be tried on an industry scale, and the total sales revenue of the three new products was about 422 million yuan, which was 8 times that of the previous year, contributing new performance growth points to the company.

In 2024, the company's interconnection chip product line achieved sales revenue of 3.349 billion yuan, an increase over the previous year

53.31%, gross profit margin was 62.66%, an increase of 1.30 percentage points over the previous year; Jindai? The sales revenue of the server platform product line was 280 million yuan, an increase of 198.87% over the previous year.

In 2024, the company's interconnection chip sales revenue, net profit attributable to owners of the parent company, and net profit attributable to owners of the parent company after deducting non-recurring gains and losses will all reach a record high in the company's history.

In 2024, the company's share-based payment expenses (including expenses related to Class II restricted stocks and stock appreciation rights) will be 59 million yuan, which will be included in recurring gains and losses, and the impact on the net profit attributable to owners of the parent company will be 51 million yuan (after considering the impact of relevant income tax expenses). As a result, the net profit attributable to owners of the parent company in 2024 after excluding the impact of share-based payment expenses will be 1.463 billion yuan, an increase of 162.65% over the previous year; The net profit attributable to owners of the parent company after deducting non-recurring gains and losses after excluding the impact of share-based payment expenses was 1.299 billion yuan, an increase of 172.99% over the previous year.

2. About the operation in the fourth quarter of 2024

In the fourth quarter of 2024, the company achieved operating income of 1.068 billion yuan, a year-on-year increase of 40.43% and a quarter-on-quarter increase

17.90% long, of which: the sales revenue of the interconnection chip product line was 972 million yuan, a year-on-year increase of 40.27%.

The year-on-year growth was 14.54%, and the gross profit margin was 63.42%, an increase of 1.21 percentage points from the third quarter, and DDR5 was third

Large-scale shipment of child generation RCD chips; the net profit attributable to the owners of the parent company was 434 million yuan, an increase of 99.72% year-on-year and 12.67% month-on-month; Deduction of non-recurring losses attributable to owners of the parent company is realized

Yi's net profit was 374 million yuan, an increase of 74.87% year-on-year and 13.63% month-on-month. Q4 2024

The main reason for the increase in the company's operating performance was the strong demand for DDR5 memory interface chips and the increase in shipments.

In the fourth quarter of 2024, the company's operating income, interconnection chip sales revenue, net profit attributable to owners of the parent company, and net profit attributable to owners of the parent company after deducting non-recurring gains and losses all reached a record high in the company's single-quarter history, of which: sales revenue of interconnection chips, net profit attributable to owners of the parent company, and net profit attributable to owners of the parent company after deducting non-recurring gains and losses achieved quarter-on-quarter growth for seven consecutive quarters.

(2) The main reasons for the increase or decrease of more than 30% in the main financial data

1. In 2024, the company's operating income will be 3.639 billion yuan, an increase of 59.20% over the previous year, mainly due to the main reasons

As follows: (1) the recovery growth of demand for memory interface chips and memory module supporting chips, the increase in the penetration rate of DDR5 downstream and the continuous iteration of the offspring, which promoted the significant growth of the company's related product sales revenue; (2) Three new high-performance capacity chips began to be shipped on a large scale, and the total sales revenue increased significantly compared with the previous year; (3) Jindai? The sales revenue of the server platform product line increased by 198.87% over the previous year.

2. In 2024, the company's operating profit increased by 199.32% over the previous year, the total profit increased by 199.14% over the previous year, the net profit attributable to the owners of the parent company increased by 213.10% over the previous year, the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses increased by 237.44% over the previous year, and the basic earnings per share increased by 212.50% over the previous year. The main reasons for the significant increase in relevant financial data are: (1) operating income increased by 59.20% over the previous year; (2) the increase in expenses was less than the increase in operating income in the same period; (3) The provision for asset impairment loss decreased by RMB148 million compared with the previous year.

3. Risk Warning

The main financial data for 2024 contained in this announcement are preliminary accounting data, and the specific and accurate financial data are subject to the audited 2024 annual report officially disclosed by the company, and investors are reminded to pay attention to investment risks.

The announcement is hereby made.

Montage Technology Co., Ltd

Board of Directors

February 25, 2025