Montage Technology Co Ltd
Montage Technology Co., Ltd., an integrated circuit (IC) design company, provides IC-based solutions for cloud computing and data center markets in the People's Republic of China. The company provides components for memory modules, such as multiplexed rank registering clock driver, multiplexed rank data buffer, registering clock driver, data buffer, clock driver, SPD EEPROM with hub, temperature … Read more
Montage Technology Co Ltd (688008) - Net Assets
Latest net assets as of September 2025: CN¥12.26 Billion CNY
Based on the latest financial reports, Montage Technology Co Ltd (688008) has net assets worth CN¥12.26 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥13.75 Billion) and total liabilities (CN¥1.49 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥12.26 Billion |
| % of Total Assets | 89.13% |
| Annual Growth Rate | 37.67% |
| 5-Year Change | 41.22% |
| 10-Year Change | N/A |
| Growth Volatility | 66.45 |
Montage Technology Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Montage Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Montage Technology Co Ltd (2016–2024)
The table below shows the annual net assets of Montage Technology Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥11.40 Billion | +11.66% |
| 2023-12-31 | CN¥10.21 Billion | +2.81% |
| 2022-12-31 | CN¥9.93 Billion | +18.31% |
| 2021-12-31 | CN¥8.39 Billion | +3.97% |
| 2020-12-31 | CN¥8.07 Billion | +10.10% |
| 2019-12-31 | CN¥7.33 Billion | +102.72% |
| 2018-12-31 | CN¥3.62 Billion | +204.61% |
| 2017-12-31 | CN¥1.19 Billion | +34.43% |
| 2016-12-31 | CN¥883.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Montage Technology Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 453553128874.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.52 Billion | 39.62% |
| Common Stock | CN¥1.14 Billion | 10.04% |
| Other Comprehensive Income | CN¥1.23 Billion | 10.82% |
| Other Components | CN¥4.51 Billion | 39.52% |
| Total Equity | CN¥11.40 Billion | 100.00% |
Montage Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Montage Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FUJIFILM Holdings Corporation
PINK:FUJIF
|
$20.69 Billion |
|
HeidelbergCement AG
PINK:HLBZF
|
$20.74 Billion |
|
Equity Residential
NYSE:EQR
|
$20.74 Billion |
|
Smurfit WestRock plc
NYSE:SW
|
$20.76 Billion |
|
Lennar Corporation
NYSE:LEN
|
$20.69 Billion |
|
Telus Corp
NYSE:TU
|
$20.62 Billion |
|
Fox Corp Class A
NASDAQ:FOXA
|
$20.61 Billion |
|
Geberit AG
PINK:GBERF
|
$20.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Montage Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,191,406,155 to 11,403,438,067, a change of 1,212,031,912 (11.9%).
- Net income of 1,411,778,929 contributed positively to equity growth.
- Dividend payments of 338,193,338 reduced retained earnings.
- Share repurchases of 409,057,267 reduced equity.
- Other comprehensive income increased equity by 138,853,386.
- Other factors increased equity by 408,650,202.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.41 Billion | +12.38% |
| Dividends Paid | CN¥338.19 Million | -2.97% |
| Share Repurchases | CN¥409.06 Million | -3.59% |
| Other Comprehensive Income | CN¥138.85 Million | +1.22% |
| Other Changes | CN¥408.65 Million | +3.58% |
| Total Change | CN¥- | 11.89% |
Book Value vs Market Value Analysis
This analysis compares Montage Technology Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 14.51x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 128.31x to 14.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.14 | CN¥146.50 | x |
| 2017-12-31 | CN¥1.57 | CN¥146.50 | x |
| 2018-12-31 | CN¥4.27 | CN¥146.50 | x |
| 2019-12-31 | CN¥6.49 | CN¥146.50 | x |
| 2020-12-31 | CN¥7.09 | CN¥146.50 | x |
| 2021-12-31 | CN¥7.44 | CN¥146.50 | x |
| 2022-12-31 | CN¥8.77 | CN¥146.50 | x |
| 2023-12-31 | CN¥9.04 | CN¥146.50 | x |
| 2024-12-31 | CN¥10.10 | CN¥146.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Montage Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.38%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.80%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.07x
- Recent ROE (12.38%) is below the historical average (14.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.51% | 16.62% | 0.50x | 1.27x | CN¥4.50 Million |
| 2017 | 29.23% | 36.82% | 0.64x | 1.24x | CN¥228.22 Million |
| 2018 | 20.38% | 41.92% | 0.42x | 1.16x | CN¥375.30 Million |
| 2019 | 12.73% | 53.68% | 0.22x | 1.06x | CN¥199.89 Million |
| 2020 | 13.68% | 60.52% | 0.22x | 1.04x | CN¥296.66 Million |
| 2021 | 9.88% | 32.36% | 0.29x | 1.07x | CN¥-9.93 Million |
| 2022 | 13.11% | 35.38% | 0.34x | 1.08x | CN¥308.16 Million |
| 2023 | 4.42% | 19.73% | 0.21x | 1.05x | CN¥-568.23 Million |
| 2024 | 12.38% | 38.80% | 0.30x | 1.07x | CN¥271.44 Million |
Industry Comparison
This section compares Montage Technology Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $880,722,789
- Average return on equity (ROE) among peers: -2.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Montage Technology Co Ltd (688008) | CN¥12.26 Billion | 10.51% | 0.12x | $20.69 Billion |
| UniTTEC Co Ltd (000925) | $84.18 Million | 29.84% | 0.80x | $578.87 Million |
| Zhejiang Chengchang Technology Co. Ltd. (001270) | $1.36 Billion | 9.73% | 0.04x | $1.22 Billion |
| Shenzhen Techwinsemi Technology Co. Ltd. (001309) | $28.78 Million | 25.94% | 4.55x | $5.61 Billion |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $2.35 Billion | 11.59% | 0.31x | $6.06 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $3.02 Billion | 7.15% | 0.61x | $693.86 Million |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $150.59 Million | 29.58% | 0.75x | $799.25 Million |
| Tianjin Printronics Circuit Corp (002134) | $695.35 Million | -2.78% | 0.19x | $565.39 Million |
| Tatwah Smartech Co Ltd (002512) | $109.40 Million | 34.98% | 1.09x | $489.89 Million |
| Chutian Dragon Co Ltd (003040) | $988.34 Million | 12.83% | 0.52x | $512.00 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $17.90 Million | -178.82% | 10.63x | $94.42 Million |