Shanghai, Jan 18, 2026, 08:39 GMT+8 — Market closed
- Montage Technology projects its 2025 net profit will rise between 52.29% and 66.46% compared to last year
- The Shanghai-listed A-shares ended Friday at 142.59 yuan, marking a 5.47% gain.
- Traders are focused on upcoming audited results filings and a potential schedule for a Hong Kong listing
Montage Technology Co., Ltd. reported a steep jump in full-year profit in a late-week filing, offering investors new insight into demand for its memory and server connectivity chips just before Monday’s mainland market reopening.
This profit alert hits at a crucial moment, right at the start of China’s annual reporting season. Guidance during this period tends to shift valuations sharply — particularly for chip companies seen as stand-ins for AI infrastructure investment.
Montage attributed the rise to stronger shipments of its interconnect chips—the crucial hardware that transfers data between components in servers and data centres. This shift points to actual volume growth rather than just accounting adjustments.
The company projected its 2025 net profit attributable to shareholders to land between 2.15 billion yuan and 2.35 billion yuan, up from 1.412 billion yuan the previous year. It also forecast profit excluding non-recurring items — those one-off gains and losses that can skew the headline figure — to range from 1.92 billion to 2.12 billion yuan, according to its statement. CN Stock Paper
The filing noted these figures are preliminary estimates from the finance department and remain unaudited, while stating no major uncertainties have been identified that could significantly alter the outlook.
Montage’s A-shares ended Friday at 142.59 yuan, gaining 5.47% for the session, according to exchange data. MarketScreener
Markets are closed for the weekend, leaving investors to weigh how much of the recent profit gains are already baked in. The question now: will Monday extend the rally or spark some selling after the solid climb into mid-January?
Chinese financial media previously quoted board secretary Fu Xiao, who noted that AI-fueled growth in memory-module demand usually boosts demand for memory interconnect chips, as both track together along the supply chain. CLS
Hong Kong faces another overhang. On Jan. 8, Reuters reported that Montage is planning a secondary listing, potentially raising $800 million to $1 billion. One source mentioned Jan. 26 as a possible date for the deal, though the schedule isn’t set in stone. Reuters
But risk remains. The profit forecast hasn’t been audited and may change once the company releases its official annual report. Plus, chip demand can drop fast if cloud customers cut back orders or pricing pressure intensifies.
Monday’s session will be key as mainland trading restarts and investors respond to the profit guidance. After that, attention turns to any firm dates for the audited 2025 results and whether the Hong Kong listing schedule takes shape before the late-January slot.
