Montage Technology(SH:688008) Sou Hu Cai Jing·2025-09-04 00:12Group 1: Guotai Fund Research Insights - Guotai Fund recently conducted research on three listed companies, including Lianhua Technology, Lanqi Technology, and Jinchengzi [1][2][3] - Lianhua Technology expects significant profit growth in the first half of 2025, driven by cost reduction, increased capacity in plant protection business, product structure optimization, and enhanced pharmaceutical business deliveries [1] - The pharmaceutical segment focuses on a major client strategy, expanding its domestic and international customer base, with improved operational performance from its UK subsidiary [1] - Lianhua's new energy business has achieved stable commercial delivery of key materials, with revenue expected to exceed in 2025 [1] - Lanqi Technology's main products include memory interface chips and server platform chips, primarily used in data centers and servers [2] - Jinchengzi reported a revenue of 132.68 million yuan in the first half of 2025, a year-on-year increase of 21.56%, and a net profit of 27.70 million yuan, up 64.58% [2] - Jinchengzi's growth is attributed to market expansion and cost control, with a focus on employee stock ownership and governance optimization [2] Group 2: Guotai Fund Overview - Guotai Fund was established in 1998, with total assets under management of 737.56 billion yuan, ranking 14th among 210 firms [3] - The fund manages 484 public funds, ranking 13th, and has 58 fund managers, ranking 18th [3] - The best-performing fund in the past year is the Guotai CSI All-Share Communication Equipment ETF, with a net value increase of 156.63% [3] - The latest public fund product launched is the Guotai Dividend Smart Selection Mixed Fund A, with a subscription period from August 18 to September 5, 2025 [3]