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Montage Tech

6809.HK

HKSETechnologySemiconductors

Latest quote

HK$255.2

−HK$16.80 · -6.18%

Aug 24, 11:59 AM HKT

6809.HK company overview

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Company profile

Company website

Montage Technology Co., Ltd., established in 2004 and headquartered in Shanghai, People's Republic of China, operates as an integrated circuit (IC) design specialist. The company is dedicated to developing and supplying IC-based solutions for the cloud computing and data center industries within the Chinese market. Its extensive product catalog includes essential components for memory modules, such as multiplexed rank registering and data buffers, standard registering and data buffers, clock drivers, SPD EEPROMs with integrated hubs, temperature sensors, and power management ICs. Additionally, Montage provides complete server and client memory module offerings, PCIe retimers, the CXL Memory Expander Controller (a Type 3 Compute Express Link DRAM memory controller), a variety of clock chips, and the Jintide server platform.

Industry
Semiconductors
Sector
Technology
Headquarters
CN
CEO
Chonghe Yang
Listed since
Feb 9, 2026
Employees
784

Market position

Day range

Current HK$255.2

52-week range

Current HK$255.2

Open
HK$270.2
Previous close
HK$272
Volume
1.02M
0.22× average
Average volume
4.57M
Average daily volume
Market cap
311.48B HKD
Beta
1.48
Market reference 1
50-day average
HK$331.79
-23.08% below average
200-day average
HK$286.17
-10.82% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
169.93B CNY
P/E (TTM)
100.36×
P/B (TTM)
12.22×
P/S (TTM)
47.17×
EV / EBITDA
86.12×
Earnings yield
1.22%
Free cash flow yield
0.97%
Dividend yield
0.17%

Profitability & efficiency

Gross margin
64.54%
Operating margin
37.92%
Net margin
44.03%
Return on equity
16.84%
Return on assets
15.83%
Return on invested capital
12.76%

Financial health

Debt / equity
Current ratio
14.34×
Altman Z-score
191.34
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends65%48%32%16%Gross margin, FY2021: 48.08%Gross margin, FY2022: 46.44%Gross margin, FY2023: 58.91%Gross margin, FY2024: 58.13%Gross margin, FY2025: 60.45%Operating margin, FY2021: 35.71%Operating margin, FY2022: 38.52%Operating margin, FY2023: 20.65%Operating margin, FY2024: 38.83%Operating margin, FY2025: 33.99%Net margin, FY2021: 32.36%Net margin, FY2022: 35.38%Net margin, FY2023: 19.73%Net margin, FY2024: 38.80%Net margin, FY2025: 40.97%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 48.08%. Gross margin FY2022 46.44%. Gross margin FY2023 58.91%. Gross margin FY2024 58.13%. Gross margin FY2025 60.45%. Operating margin FY2021 35.71%. Operating margin FY2022 38.52%. Operating margin FY2023 20.65%. Operating margin FY2024 38.83%. Operating margin FY2025 33.99%. Net margin FY2021 32.36%. Net margin FY2022 35.38%. Net margin FY2023 19.73%. Net margin FY2024 38.80%. Net margin FY2025 40.97%.

Income trends

Revenue

5.32B CNY+46.06%

Operating income

1.81B CNY+27.87%

Net income

2.18B CNY+54.25%
Income trends across reported periods5.8B CNY3.86B CNY1.91B CNY−35.51M CNYRevenue, FY2021: 2.56B CNYRevenue, FY2022: 3.67B CNYRevenue, FY2023: 2.29B CNYRevenue, FY2024: 3.64B CNYRevenue, FY2025: 5.32B CNYOperating income, FY2021: 915.01M CNYOperating income, FY2022: 1.41B CNYOperating income, FY2023: 472.04M CNYOperating income, FY2024: 1.41B CNYOperating income, FY2025: 1.81B CNYNet income, FY2021: 829.14M CNYNet income, FY2022: 1.3B CNYNet income, FY2023: 450.91M CNYNet income, FY2024: 1.41B CNYNet income, FY2025: 2.18B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.56B CNY. Revenue FY2022 3.67B CNY. Revenue FY2023 2.29B CNY. Revenue FY2024 3.64B CNY. Revenue FY2025 5.32B CNY. Operating income FY2021 915.01M CNY. Operating income FY2022 1.41B CNY. Operating income FY2023 472.04M CNY. Operating income FY2024 1.41B CNY. Operating income FY2025 1.81B CNY. Net income FY2021 829.14M CNY. Net income FY2022 1.3B CNY. Net income FY2023 450.91M CNY. Net income FY2024 1.41B CNY. Net income FY2025 2.18B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue5.32B CNY3.64B CNY2.29B CNY3.67B CNY2.56B CNY
Cost of goods sold2.1B CNY1.52B CNY939.22M CNY1.97B CNY1.33B CNY
Gross profit3.21B CNY2.12B CNY1.35B CNY1.71B CNY1.23B CNY
Research and development844.14M CNY763.47M CNY681.81M CNY563.49M CNY369.85M CNY
Selling, general, and administrative583.46M CNY41.4M CNY42.63M CNY34.9M CNY28.16M CNY
Operating expenses1.41B CNY702.4M CNY874.49M CNY290.99M CNY316.81M CNY
Interest income285.13M CNY229.99M CNY178.91M CNY81.28M CNY73.17M CNY
Interest expense1.95M CNY1.51M CNY741.62K CNY1.03M CNY1.19M CNY
Depreciation and amortization166.37M CNY124.43M CNY102.72M CNY50.45M CNY58.5M CNY
Operating income1.81B CNY1.41B CNY472.04M CNY1.41B CNY915.01M CNY
Net income2.18B CNY1.41B CNY450.91M CNY1.3B CNY829.14M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
29%
2 beats, 5 misses, 0 met estimates
Average EPS surprise
-1.03%
7 comparable reports
Latest EPS result
0.84
Estimate 0.62 · Beat by 35.22%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.970.710.450.18Q2 '24MissQ4 '24MissQ1 '25MissQ2 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q2 2024, reported Apr 25, 2024: actual 0.215, estimate 0.25, surprise -13.94%, Miss. Q4 2024, reported Oct 30, 2024: actual 0.365, estimate 0.366, surprise -0.44%, Miss. Q1 2025, reported Feb 25, 2025: actual 0.403, estimate 0.413, surprise -2.42%, Miss. Q2 2025, reported Apr 23, 2025: actual 0.524, estimate 0.493, surprise +6.24%, Beat. Q4 2025, reported Oct 31, 2025: actual 0.453, estimate 0.594, surprise -23.70%, Miss. Q1 2026, reported Mar 30, 2026: actual 0.608, estimate 0.662, surprise -8.16%, Miss. Q2 2026, reported Apr 27, 2026: actual 0.837, estimate 0.619, surprise +35.22%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate 0.915, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.23B1.72B1.2B687.77MQ2 '24MissQ4 '24MissQ1 '25MissQ2 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26Estimate
Q2 2024, reported Apr 25, 2024: actual 794.13M HKD, estimate 816.94M HKD, surprise -2.79%, Miss. Q4 2024, reported Oct 30, 2024: actual 989.88M HKD, estimate 1.23B HKD, surprise -19.62%, Miss. Q1 2025, reported Feb 25, 2025: actual 1.13B HKD, estimate 1.14B HKD, surprise -0.70%, Miss. Q2 2025, reported Apr 23, 2025: actual 1.33B HKD, estimate 1.3B HKD, surprise +2.41%, Beat. Q4 2025, reported Oct 31, 2025: actual 1.56B HKD, estimate 1.66B HKD, surprise -6.30%, Miss. Q1 2026, reported Mar 30, 2026: actual 1.59B HKD, estimate 1.72B HKD, surprise -7.06%, Miss. Q2 2026, reported Apr 27, 2026: actual 1.67B HKD, estimate 1.83B HKD, surprise -8.54%, Miss. Q3 2026, reported Aug 28, 2026: actual —, estimate 2.12B HKD, surprise —, Comparison unavailable.

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