香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不作任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該 等內容而引致的任何損失承擔任何責任。 Montage Technology Co., Ltd. 瀾 起 科 技 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6809） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲載列瀾起科技股份有限公司在上海證券交易所網站（www.sse.com.cn）刊登的 《2025年度審計報告》《2025年度內部控制審計報告》《安永華明會計師事務所 （特殊普通合夥）關於瀾起科技股份有限公司2025年度非經營性資金佔用及其他關 聯資金往來情況的專項說明》，僅供參閱。 承董事會命 瀾起科技股份有限公司 董事長 楊崇和博士 香港，2026年3月30日 於本公告日期，本公司董事為： (i) 執行董事楊崇和博士及 Stephen Kuong-Io Tai 先 生； (ii) 非執行董事 Wang Rui 博士及方周婕女士；及 (iii) 獨立非執行 ...

Core Viewpoint - The company, 澜起科技, reported significant growth in its 2025 financial performance, achieving record highs in revenue and net profit [1] Financial Performance - The total operating revenue for 2025 reached 5.456 billion yuan, representing a year-on-year increase of 49.94% [1] - The net profit attributable to the parent company was 2.236 billion yuan, reflecting a year-on-year growth of 58.35% [1] Product Line Performance - The interconnect chip product line generated sales revenue of 5.139 billion yuan, an increase of 53.43% compared to the previous year, with a gross margin of 65.57%, up by 2.91 percentage points [1] - The津逮® server platform product line achieved sales revenue of 308 million yuan, marking a year-on-year growth of 10.25% [1] Historical Achievements - In 2025, the company set historical records for total operating revenue, interconnect chip sales revenue, net profit attributable to the parent company, and net profit after deducting non-recurring gains and losses [1]

Core Viewpoint - The company, 澜起科技 (Lianqi Technology), reported significant growth in its 2025 annual performance, driven by strong demand in the AI industry and increased sales of interconnect chips [1] Financial Performance - The total operating revenue for the year 2025 reached 5.456 billion RMB, representing a year-on-year increase of 49.94% [1] - The net profit attributable to the owners of the parent company was 2.236 billion HKD, showing a year-on-year increase of 58.35% [1] - The basic earnings per share were reported at 1.97 RMB [1] Industry Trends - The growth in revenue and profit is attributed to the booming AI industry, which has led to a significant increase in the demand for interconnect chips [1] - The company's sales revenue from related products saw a substantial increase compared to the previous year due to this industry trend [1]

Core Viewpoint - The company, 澜起科技, reported a significant increase in revenue and net profit for the fiscal year 2025, driven by strong demand in the AI industry and increased shipments of interconnect chips [1] Financial Performance - The total revenue for the year reached 5.456 billion RMB, representing a year-on-year increase of 49.94% [1] - The net profit attributable to the owners of the parent company was 2.236 billion HKD, reflecting a year-on-year growth of 58.35% [1] - The basic earnings per share stood at 1.97 RMB [1] Industry Impact - The growth in revenue is primarily attributed to the booming AI industry, which has led to a significant increase in the demand for the company's interconnect chips [1] - The surge in shipments of these chips has substantially boosted the sales revenue of related products compared to the previous year [1]

Core Viewpoint - The company, 澜起科技, reported significant growth in its 2025 annual performance, driven by strong demand in the AI industry and increased shipments of interconnect chips [1] Financial Performance - The company achieved an operating revenue of 5.456 billion yuan, representing a 49.94% increase compared to the previous year [1] - The gross profit margin was 62.23%, an improvement of 4.10 percentage points year-on-year [1] - The net profit attributable to the parent company was 2.236 billion yuan, reflecting a 58.35% increase from the prior year [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 2.022 billion yuan, up 61.95% year-on-year [1] Research and Development - The company increased its R&D investment, with R&D expenses amounting to approximately 915 million yuan, a 20% increase from the previous year [1] - The expansion of new product categories is part of the company's strategy to enhance its market position [1]

Core Viewpoint - The company, Lanke Technology (688008.SH), reported significant growth in its 2025 annual performance, driven by strong demand in the AI industry and increased shipments of interconnect chips [1] Financial Performance - The company achieved an operating revenue of 5.456 billion yuan in 2025, representing a year-on-year increase of 49.94% [1] - The net profit attributable to the parent company reached 2.236 billion yuan, up 58.35% from the previous year [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 2.022 billion yuan, reflecting a growth of 61.95% year-on-year [1] Profitability Metrics - The gross profit margin for the company was 62.23%, an increase of 4.10 percentage points compared to the previous year [1] - The sales revenue from the interconnect chip product line was 5.139 billion yuan, marking a 53.43% increase year-on-year, with a gross margin of 65.57%, up 2.91 percentage points [1] - The sales revenue from the Jindai® server platform product line was 308 million yuan, which is a 10.25% increase from the previous year [1] Research and Development - The company increased its R&D investment to approximately 915 million yuan in 2025, a 20% increase compared to the previous year [1]

Core Viewpoint - The continuous growth of the global AI industry has significantly benefited the domestic memory interface chip leader, Lanqi Technology, which reported record-high performance for the year 2025, with substantial increases in revenue and profit metrics [1] Financial Performance - In 2025, Lanqi Technology achieved total revenue of 5.456 billion yuan, a year-on-year increase of 49.94% [3] - The net profit attributable to the parent company reached 2.236 billion yuan, up 58.35% year-on-year [3] - Basic earnings per share were 1.97 yuan, with a weighted average return on equity rising by 4.84 percentage points to 18.25% [3] - Excluding share-based payment expenses of 431 million yuan, the actual net profit attributable to the parent company was 2.647 billion yuan, reflecting an 80.98% increase [1][3] Core Business Growth - The core driver of Lanqi Technology's performance in 2025 was the strong demand for computing power driven by the AI industry, leading to a significant increase in the sales volume of interconnect chips [4] - Sales revenue from interconnect chip products reached 5.139 billion yuan, a year-on-year increase of 53.43%, accounting for a substantial portion of total revenue [4] - The gross margin for this product line improved to 65.57%, up 2.91 percentage points from the previous year, indicating enhanced market penetration and pricing power in high-end products [4] Profit Quality Improvement - The overall profitability quality of Lanqi Technology improved significantly, with a comprehensive gross margin of 62.23%, an increase of 4.10 percentage points year-on-year [4] - This improvement directly contributed to a more than 64% growth in both operating profit and total profit [4] Quarterly Performance - In Q4 2025, the company reported revenue of 1.399 billion yuan, a year-on-year increase of 30.95%, and a net profit of 603 million yuan, up 39.10% [5] - The interconnect chip product line achieved sales revenue of 1.306 billion yuan in Q4, with a gross margin rising to 67.76%, reflecting strong profitability capabilities [5] R&D Investment - Lanqi Technology increased its R&D investment to approximately 915 million yuan in 2025, a 20% increase from the previous year, to support the development of new product categories [6] - The share-based payment expenses of 431 million yuan were aimed at binding the core technical team and maintaining long-term competitiveness [6]

Core Viewpoint - The company reported significant growth in its 2025 annual performance, driven by the booming AI industry and increased demand for its interconnect chips [1] Financial Performance - The total operating revenue for 2025 reached 5.456 billion yuan, representing a year-on-year increase of 49.94% [1] - The net profit attributable to shareholders was 2.236 billion yuan, showing a year-on-year growth of 58.35% [1] - Basic earnings per share were 1.97 yuan [1] Research and Development - The company increased its R&D investment, with R&D expenses for 2025 amounting to approximately 915 million yuan, a 20% increase compared to the previous year [1] - The expansion of new product categories is part of the company's strategy to enhance its market position [1]

Core Viewpoint - The company, Lianqi Technology, is projected to achieve significant revenue growth in 2025, driven by the booming AI industry and increased demand for interconnect chips [1] Financial Performance - The company expects to achieve an operating revenue of 5.456 billion yuan in 2025, representing a year-on-year growth of 49.94% [1] - The gross profit margin is anticipated to be 62.23%, an increase of 4.10 percentage points compared to the previous year [1] - The net profit attributable to the parent company is projected to be 2.236 billion yuan, reflecting a year-on-year increase of 58.35% [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be 2.022 billion yuan, marking a growth of 61.95% year-on-year [1] R&D Investment - The company plans to increase its R&D expenditure to approximately 915 million yuan in 2025, which is a 20% increase from the previous year [1] - The increase in R&D investment is aligned with the company's strategy to expand its product categories [1] Market Trends - The company is benefiting from the strong demand in the AI industry, which has significantly boosted the shipment volume of its interconnect chips [1]

Core Viewpoint - The Tianhong Sci-Tech Chip Design ETF (589070) has shown significant trading activity and growth, driven by strong performance in the semiconductor sector, particularly in domestic GPU companies and power semiconductor price increases. Group 1: ETF Performance - As of February 26, 2026, the Tianhong Sci-Tech Chip Design ETF (589070) had a turnover rate of 15.7%, with a transaction volume of 95.6682 million yuan, indicating active market trading [1] - Over the past two weeks, the ETF's scale increased by 12.6982 million yuan, with a growth of 14 million shares, reflecting substantial growth [2] - In the last 13 trading days, the ETF attracted a total inflow of 47.3619 million yuan [3] Group 2: Industry Highlights - Domestic GPU is a core area for semiconductor localization, with market share of domestic GPU design companies rising from 5% to 12% over the past three years, indicating significant replacement potential [4] - The National Big Fund Phase III is focusing on supporting high-end chip design, providing R&D funding and market resources for domestic GPU companies [4] - Increased demand for self-controlled computing power in sectors such as government, finance, and energy is expected to accelerate market share capture by domestic GPU companies, presenting excess return opportunities for the ETF [4] Group 3: Market Events - On February 25, domestic power semiconductor manufacturers collectively announced price increases, with companies like Xinjieneng raising MOSFET product prices by at least 10% due to rising costs of raw materials and manufacturing [5] - The power semiconductor industry is experiencing a collective price adjustment, with companies like Silan Micro and Huayi Technology also raising prices, indicating an improving supply-demand balance and ongoing industry growth [5] Group 4: Institutional Insights - Guolian Minsheng Securities noted that the storage industry chain is benefiting from increased AI demand, with Micron investing $50 billion to expand its Boise facility and build two new wafer fabs expected to start production in 2027 [6] - The price of HBM4 has increased significantly, with new generation HBM4 chips priced at $700 each, reflecting a 20-30% increase compared to HBM3E [6] - Lanke Technology successfully listed on the Hong Kong Stock Exchange, raising approximately 6.9 billion HKD, with plans to allocate about 70% of the funds for R&D in interconnect chips, focusing on AI server and cloud computing infrastructure opportunities [6]