Montage Technology Co Ltd (688008) - Net Assets
Based on the latest financial reports, Montage Technology Co Ltd (688008) has net assets worth CN¥20.78 Billion CNY (≈ $3.04 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥21.68 Billion ≈ $3.17 Billion USD) and total liabilities (CN¥905.06 Million ≈ $132.44 Million USD). 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. Check how strategically is Montage Technology Co Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥20.78 Billion |
| % of Total Assets | 95.83% |
| Annual Growth Rate | 45.63% |
| 5-Year Change | 209.93% |
| 10-Year Change | N/A |
| Growth Volatility | 67.46 |
Montage Technology Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Montage Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Montage Technology Co Ltd.
Annual Net Assets for Montage Technology Co Ltd (2016–2025)
The table below shows the annual net assets of Montage Technology Co Ltd from 2016 to 2025. Also explore 688008 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥26.01 Billion ≈ $3.81 Billion |
+128.19% |
| 2024-12-31 | CN¥11.40 Billion ≈ $1.67 Billion |
+11.66% |
| 2023-12-31 | CN¥10.21 Billion ≈ $1.49 Billion |
+2.81% |
| 2022-12-31 | CN¥9.93 Billion ≈ $1.45 Billion |
+18.31% |
| 2021-12-31 | CN¥8.39 Billion ≈ $1.23 Billion |
+3.97% |
| 2020-12-31 | CN¥8.07 Billion ≈ $1.18 Billion |
+10.10% |
| 2019-12-31 | CN¥7.33 Billion ≈ $1.07 Billion |
+102.72% |
| 2018-12-31 | CN¥3.62 Billion ≈ $529.10 Million |
+204.61% |
| 2017-12-31 | CN¥1.19 Billion ≈ $173.70 Million |
+34.43% |
| 2016-12-31 | CN¥883.02 Million ≈ $129.21 Million |
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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 603570606429.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.02 Billion | 49.10% |
| Other Comprehensive Income | CN¥12.26 Billion | 100.02% |
| Total Equity | CN¥12.26 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 |
|---|---|
|
Beijing-Shanghai High Speed Railway Co Ltd
SHG:601816
|
$34.01 Billion |
|
JD.com Inc Adr
F:013A
|
$34.07 Billion |
|
TESCO PLC ADR/1 LS-05
F:TCO2
|
$34.10 Billion |
|
Kimberly-Clark Corporation
NYSE:KMB
|
$34.17 Billion |
|
NTPC Limited
NSE:NTPC
|
$33.94 Billion |
|
Steel Dynamics Inc
NASDAQ:STLD
|
$33.90 Billion |
|
Kinross Gold Corp
TO:K
|
$33.90 Billion |
|
KERING.UNSP.ADR 1/10 EO 4
F:PPXB
|
$33.83 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 2024 to 2025, total equity changed from 11,403,438,067 to 12,257,091,000, a change of 853,652,933 (7.5%).
- Net income of 2,235,570,000 contributed positively to equity growth.
- Dividend payments of 669,996,402 reduced retained earnings.
- Other comprehensive income increased equity by 11,025,874,701.
- Other factors decreased equity by 11,737,795,366.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.24 Billion | +18.24% |
| Dividends Paid | CN¥670.00 Million | -5.47% |
| Other Comprehensive Income | CN¥11.03 Billion | +89.96% |
| Other Changes | CN¥-11.74 Billion | -95.76% |
| Total Change | CN¥- | 7.49% |
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: 18.75x
- 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 177.38x to 18.75x 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¥202.53 | x |
| 2017-12-31 | CN¥1.57 | CN¥202.53 | x |
| 2018-12-31 | CN¥4.27 | CN¥202.53 | x |
| 2019-12-31 | CN¥6.91 | CN¥202.53 | x |
| 2020-12-31 | CN¥7.09 | CN¥202.53 | x |
| 2021-12-31 | CN¥7.39 | CN¥202.53 | x |
| 2022-12-31 | CN¥8.74 | CN¥202.53 | x |
| 2023-12-31 | CN¥9.04 | CN¥202.53 | x |
| 2024-12-31 | CN¥10.10 | CN¥202.53 | x |
| 2025-12-31 | CN¥10.80 | CN¥202.53 | 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): 18.24%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.97%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.12x
- Recent ROE (18.24%) is above the historical average (14.46%), indicating improving 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 |
| 2025 | 18.24% | 40.97% | 0.40x | 1.12x | CN¥1.01 Billion |
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: $1,623,578,815
- Average return on equity (ROE) among peers: 6.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Montage Technology Co Ltd (688008) | CN¥20.78 Billion | 10.51% | 0.04x | $33.98 Billion |
| UniTTEC Co Ltd (000925) | $1.03 Billion | 2.90% | 1.78x | $803.67 Million |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $3.82 Billion | 9.11% | 0.50x | $7.56 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $496.77 Million | 3.93% | 0.22x | $987.34 Million |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $3.05 Billion | 2.42% | 0.37x | $1.22 Billion |
| Ningbo Kangqiang Electronics Co Ltd (002119) | $808.58 Million | 7.92% | 1.06x | $1.36 Billion |
| Tianjin Printronics Circuit Corp (002134) | $695.35 Million | -2.78% | 0.19x | $982.51 Million |
| Tatwah Smartech Co Ltd (002512) | $897.72 Million | 5.19% | 0.07x | $645.27 Million |
| Chutian Dragon Co Ltd (003040) | $916.47 Million | 6.34% | 0.58x | $1.11 Billion |
| Jiangsu Huasheng Tianlong Photo (300029) | $269.70 Million | 24.85% | 0.94x | $3.52 Million |
| Hubei Dinglong Chemical (300054) | $4.26 Billion | 5.02% | 0.20x | $10.14 Billion |
About Montage Technology Co Ltd
Montage Technology Co., Ltd., an integrated circuit (IC) design company, provides IC-based solutions for cloud computing and AI infrastructure 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 se… Read more