Montage Technology(688008) 上海证券报·2025-04-23 20:01Core Viewpoint - The company, 澜起科技, reported significant growth in its financial performance for the first quarter of 2025, driven by strong demand in the AI industry and increased sales of DDR5 memory interface and high-performance chips [2][5]. Financial Performance - In Q1 2025, the company achieved operating revenue of 1.222 billion yuan, a year-on-year increase of 65.78% and a quarter-on-quarter increase of 14.43% [2]. - The net profit attributable to the parent company was 525 million yuan, reflecting a year-on-year growth of 135.14% and a quarter-on-quarter growth of 21.13% [2]. - The net profit after deducting non-recurring gains and losses was 503 million yuan, up 128.83% year-on-year and 34.22% quarter-on-quarter [2]. Product Performance - The sales revenue from the interconnect chip product line reached 1.139 billion yuan, a year-on-year increase of 63.92% and a quarter-on-quarter increase of 17.19% [3]. - The company launched several high-performance chips, including the CXL MXC chip, which successfully passed compliance testing and is now listed among the first batch of CXL 2.0 compliant suppliers [3][4]. - The company also introduced the PCIe 6.x/CXL 3.x Retimer chip, which supports data transmission rates of up to 64GT/s, and is developing the PCIe 7.0 Retimer chip with a target rate of 128GT/s [4]. Market Outlook - As of April 22, 2025, the company has over 1.29 billion yuan in orders for interconnect chips expected to be delivered in Q2 2025, indicating strong future demand [6]. - The company anticipates a significant increase in demand and penetration rates for DDR5 memory interface chips throughout 2025, alongside a positive growth trend for high-performance chips [6].