智通财经APP获悉，东方证券发布研报称，展望2026年，受体育赛事等因素影响，LCD需求有望向好； 同时LCD行业已经形成较高的市场集中度，头部厂商有望以持续控产带动供需关系向好。供给层面，三 大面板厂有望持续推动控产，并于农历春节期间执行减产。反映在价格上，根据TrendForce数据，2026 年1月电视面板价格预计将全面上涨，32吋、43吋、55吋、65吋等各尺寸电视面板均价均较前月上涨1美 元。OLED面板对个人电脑轻薄化具有显著的提升效果，有望在未来成为个人电脑产品的重要亮点。 相关标的 LCD需求有望回升，头部厂商有望以持续控产带动供需关系向好 面板制造厂商TCL科技(000100.SZ)、京东方A(000725.SZ)、彩虹股份(600707.SH)、深天马 A(000050.SZ)、维信诺(002387.SZ)、和辉光电-U(688538.SH)等；面板材料厂商莱特光电(688150.SH)、 路维光电(688401.SH)、清溢光电(688138.SH)等；面板模组厂商京东方精电(00710)等。 风险提示 东方证券主要观点如下： 目前市场对于中尺寸OLED的潜在需求关注有限。东方证券认为， ...

Group 1 - The core point of the news is that Qingyi Optoelectronics experienced a stock price increase of 5.02%, reaching 30.99 CNY per share, with a trading volume of 181 million CNY and a turnover rate of 1.89%, resulting in a total market capitalization of 9.756 billion CNY [1] - Qingyi Optoelectronics, established on August 25, 1997, and listed on November 20, 2019, is primarily engaged in the research, design, production, and sales of photomasks [1] - The company's main revenue sources are quartz photomasks (93.16%), soda photomasks (6.04%), and other products (0.8%) [1] Group 2 - Dongxing Fund has one fund heavily invested in Qingyi Optoelectronics, specifically Dongxing Xingsheng Mixed A (009327), which held 16,900 shares, accounting for 1.67% of the fund's net value, making it the sixth-largest holding [2] - The fund has a total size of 20.8469 million CNY, with a year-to-date return of 2.83% and a one-year return of 43.15%, ranking 2718 out of 8083 in its category [2] - The fund managers, Li Chenhui and Li Bingwei, have both been in their positions for 9 years and 211 days, with total assets under management of 270 million CNY and 585 million CNY respectively [2]

Core Viewpoint - Qingyi Optoelectronics has shown a positive stock performance with a year-to-date increase of 26.85% and a recent uptick of 2.02% in stock price, indicating strong market interest and potential growth in the semiconductor materials sector [1][2]. Company Overview - Qingyi Optoelectronics, established on August 25, 1997, and listed on November 20, 2019, specializes in the research, design, production, and sales of photomasks, with a revenue composition of 93.16% from quartz photomasks and 6.04% from soda photomasks [1][2]. - The company operates within the electronic industry, specifically in the semiconductor materials sector, and is involved in various concept sectors including third-generation semiconductors and flexible electronics [2]. Financial Performance - For the period from January to September 2025, Qingyi Optoelectronics reported a revenue of 928 million yuan, reflecting a year-on-year growth of 12.28%, and a net profit attributable to shareholders of 144 million yuan, which is a 19.33% increase compared to the previous year [2]. - The company has distributed a total of 217 million yuan in dividends since its A-share listing, with 156 million yuan distributed over the last three years [3]. Shareholder Information - As of December 19, 2025, the number of shareholders for Qingyi Optoelectronics is 11,400, a decrease of 10.37% from the previous period, while the average number of circulating shares per shareholder has increased by 31.65% to 27,669 shares [2]. - Notable changes in institutional holdings include an increase in shares held by Hong Kong Central Clearing Limited and new entries from two funds, indicating growing institutional interest [3].

Core Viewpoint - Qingyi Optoelectronics reported that as of December 19, 2025, the total number of shareholders is 11,377 (excluding merged margin trading accounts) [1] Summary by Category Company Information - Qingyi Optoelectronics has a total of 11,377 shareholders as of December 19, 2025 [1]

（文/罗叶馨梅）12月5日，清溢光电（688138.SH）在最新投资者关系活动记录表中披露，公司半导体掩膜版业务收入占比约为20%。公司佛山生产基地总 投资35亿元，其中高精度平板显示掩膜版基地投资20亿元，高端半导体掩膜版基地投资15亿元。公司表示，将依托佛山基地进一步完善平板显示与半导体掩 膜版"两条腿"业务布局。 请 网 手 - 17 11:38 the state 199 0 1 1 the station STERNE and of the state age of the the first s a least and and 在客户拓展方面，公司半导体掩膜版业务代表性客户包括比亚迪半导体、芯联集成等。清溢光电表示，部分客户信息受保密协议约束，不便对外披露。公司 认为，伴随国内晶圆厂对关键掩膜版国产替代需求提升，优质客户资源将为后续业务放量奠定基础。 清溢光电指出，目前半导体掩膜版的自主可控率在10%左右，国产替代空间巨大。公司强调，将在保持平板显示掩膜版市场领先优势的同时，加快半导体芯 片用掩膜版产品布局。通过工艺技术迭代与产能投入，逐步提升本土供应能力与供应链安全性。 展望未来五年，公司提出明 ...

Core Viewpoint - The production base of Qingyi Optoelectronics in Foshan Nanhai has commenced operations, which is expected to enhance the overall production capacity and support the domestic supply chain for high-precision mask plates [1][5]. Group 1: Production and Capacity Expansion - The high-precision flat panel display (FPD) mask plate project is entering the final stages before mass production, focusing on 8.6 generation and below, particularly for AMOLED displays [5]. - The high-end semiconductor mask plate project is also advancing towards mass production, targeting processes from 180nm to 28nm for logic chips, driver chips, and some power devices [5]. - The establishment of the Foshan Nanhai base is anticipated to alleviate the supply pressure of high-end mask plates in China and enhance local substitution levels in critical segments of the industry [5][6]. Group 2: Market Demand and Strategic Positioning - There is a growing domestic demand for high-precision FPD mask plates and mid-to-high-end semiconductor mask plates driven by the expansion of applications in 5G communication, AI computing, and automotive displays [5]. - Qingyi Optoelectronics has a solid foundation in the mask plate business and is accelerating its expansion into high-generation lines and new display technologies while simultaneously developing its semiconductor mask plate business [5]. Group 3: Challenges and Future Outlook - The new base and projects will require processes such as technology validation, yield ramp-up, and customer onboarding before achieving full production capacity, indicating a gradual contribution to performance [6]. - The mask plate industry is significantly influenced by the investment cycles of downstream panel and wafer manufacturers, leading to uncertainties in capacity release and demand matching [6].

Core Viewpoint - The company Qingyi Optoelectronics has commenced production at its Foshan Nanhai production base, focusing on high-precision flat panel display mask plates and high-end semiconductor mask plates, addressing the growing demand in the 5G and AI era for high-definition and flexible displays [1] Group 1 - The production ceremony for the Foshan Nanhai production base was held on November 14, 2025, marking the start of mass production for high-precision flat panel display mask plates [1] - The high-precision flat panel display mask plate facility primarily produces mask plates for 8.6 generation and below, filling the domestic gap in AMOLED high-precision mask plates [1] - The high-end semiconductor mask plate facility is focused on producing mask plates for semiconductor processes ranging from 180nm to 28nm [1] Group 2 - The commencement of production at the Foshan Nanhai base will significantly expand the company's production capacity [1]

清溢光电回复称，公司现有半导体掩膜版业务收入占比约为20%。公司佛山南海生产基地已于2025年11 月正式投产，将逐步为公司贡献新的收入。 格隆汇11月28日｜有投资者在互动平台向清溢光电提问：公司现有半导体掩膜板收入占总收入的比重有 多少？后续半导体掩膜板产能何时产生收入？ ...

Core Viewpoint - The article highlights the significant dependency of China's high-end manufacturing on Japan for critical strategic new materials, particularly in the semiconductor and advanced manufacturing sectors, emphasizing the risks posed by geopolitical tensions and supply chain vulnerabilities [2][4]. Group 1: Dependency on Japanese Core New Materials - Japan holds a monopolistic position in semiconductor materials, high-end polymers, and electronic chemicals, with China's dependency exceeding 50% in several key categories, and nearly 100% in some high-end areas [4][6]. - The complexity of semiconductor manufacturing processes means that Japan dominates the supply of critical materials like photoresists and silicon wafers, with global market shares consistently above 60% [6][9]. Group 2: Semiconductor Core Materials - **Photoresists**: China has an overall import dependency of about 90%, with high-end photoresists being 100% reliant on Japan. Major suppliers include JSR, Tokyo Ohka, Shin-Etsu Chemical, and Fujifilm, which control 92% of the high-end market [7]. - **12-inch Silicon Wafers**: The import dependency is around 90%, with Japan supplying 58%. Key players like Shin-Etsu Chemical and SUMCO dominate over 60% of the market [9]. - **High-Purity Ruthenium Targets**: The import dependency is 98%, with Japan's JX Metals and TOSOH holding a significant market share. Domestic production is limited to lower purity levels [12]. Group 3: High-End Polymer Materials - Japan leads the high-end market for electronic-grade polyimide films, with an import dependency of 85% for overall polyimide materials, and 90% for high-end applications [19]. - **Optical-grade PET Films**: The import dependency is 75%, with Japan supplying 100% of high-end films used in MLCCs [23]. Group 4: Other Key Materials in Electronics - **Sputtering Targets**: The import dependency is approximately 95%, with Japan's JX Metals and Nippon Mining controlling 60% of the market [27]. - **High-Purity Electronic Gases**: The import dependency is 70%, with Japan's Taiyo Nippon Sanso holding a 40% market share [31]. Group 5: Hydrogen Energy and Fuel Cell Key Materials - **High-End Carbon Carrier Materials**: The overall import dependency is 85%, with Japan's TOSOH dominating the market [35]. - **Fuel Cell Platinum-based Catalysts**: The import dependency is 78%, with significant reliance on European suppliers [107]. Group 6: Aerospace and High-End Manufacturing Key Materials - **High-Temperature Alloys**: The import dependency is 90%, with major suppliers from the US and Europe completely dominating the market [80]. - **Carbon Fiber**: The import dependency is 85%, with Japan and the US leading the high-end market [86]. Group 7: New Energy and Electronics Key Materials - **High-End Lithium-Ion Battery Separators**: The import dependency is 70%, with Japan's Asahi Kasei and Toray leading the market [94]. - **Ultra-Thin Copper Foils**: The import dependency is 80%, with Japan's JX Copper and Mitsui Mining dominating the supply [98].

证券代码：688138 证券简称：清溢光电 公告编号：2025-050 深圳清溢光电股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2025 年 12 月 3 日（星期三）上午 10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 26 日（星期三）至 12 月 2 日（星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 qygd@supermask.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 深圳清溢光电股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日发 布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、 ...