Shanghai, Jan 20, 2026, 09:54 CST — Regular session
- Montage Technology Class A shares jumped roughly 4% in early Shanghai trading.
- The chip designer’s 2025 profit-growth forecast, along with new leverage buying data, prompted the move.
- Investors await the next update on its planned Hong Kong listing alongside the audited annual report.
Montage Technology Co., Ltd. Class A shares (688008.SH) jumped 4.2% to 144.73 yuan by 9:49 a.m. Shanghai time, outpacing a flat Shanghai Composite after a rocky start this week. Trading at roughly 116 times earnings based on the latest full-year per-share profit, the stock’s 52-week range spans from 62.00 to 169.90 yuan, per AASTOCKS data. (AAStocks)
The early rise follows a 2.6% drop on Monday, when the stock ended at 138.90 yuan. Turnover hit 7.23 billion yuan, with a turnover rate of 4.54%, according to exchange data gathered by local market analysts. (Cnfol)
Traders are returning to a familiar theme: domestic semiconductor firms linked to servers and data centers with a clear connection to China’s AI expansion, sticking to names that haven’t been shaken by fresh headlines.
In a Jan. 17 filing, the company projected a 2025 net profit between 2.15 billion yuan and 2.35 billion yuan, marking a 52% to 66% increase from the previous year. It attributed the boost to rising demand for its interconnect chips, driven by the AI trend. The company noted this forecast remains unaudited. (China Stock Paper)
Montage Technology focuses on chips for high-speed data processing and interconnects, holding a strong position in memory-interface products for servers—a sector that closely tracks data-center spending trends. (The Paper)
Leverage was visible in the trading data. According to exchange figures referenced by Eastmoney, the stock saw net margin-financing inflows around 192 million yuan on Jan. 19. Outstanding margin financing stood near 7.86 billion yuan. Margin financing lets investors borrow funds to buy shares. (Eastmoney)
Separately, a Chinese business paper featured on Sina Finance reported that the company is moving forward with an “A+H” listing strategy—combining mainland A shares with a Hong Kong listing—and mentioned market speculation about possible cornerstone investor interest. (Sina Finance)
That said, the trade can shift fast. The profit forecast hasn’t been audited, and the shares already trade at a high multiple — so there’s limited wiggle room if server demand, pricing, or new-product launches slow down.
Regulatory milestones lie ahead. Investors want any official updates on the Hong Kong listing timeline, as well as the company’s audited 2025 annual report—usually due by April 30 for China-listed firms—to get a better sense of margins and demand in 2026.
