Meeting Overview - The shareholders' meeting of Shenzhen Qingyi Optoelectronics Co., Ltd. was held on May 26, 2025, at the company's conference room in Nanshan District, Shenzhen [1]. - A total of 138 ordinary shareholders attended the meeting, holding 203,134,238 voting rights, which accounts for 64.8832% of the company's total voting rights [1]. Voting Results - All non-cumulative voting proposals were approved with significant majority support, including: - Proposal 1: 202,928,973 votes in favor (99.8989%), 196,099 against (0.0965%), and 9,166 abstentions (0.0046%) [1]. - Proposal 2: 202,924,914 votes in favor (99.8969%), 199,099 against (0.0980%), and 10,225 abstentions (0.0051%) [1]. - Proposal 3: 202,924,914 votes in favor (99.8969%), 199,099 against (0.0980%), and 10,225 abstentions (0.0051%) [2]. - Proposal 4: 202,727,071 votes in favor (99.7995%), 396,942 against (0.1954%), and 10,225 abstentions (0.0051%) [2]. Legal Compliance - The meeting was convened and conducted in accordance with relevant laws, regulations, and the company's articles of association, ensuring that all resolutions passed were legal and valid [3].

证券代码：688138 证券简称：清溢光电 公告编号：2025-028 深圳清溢光电股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 05 月 26 日 本次股东大会由公司董事会召集，由副董事长庄鼎鼎先生主持，采用现场投 票和网络投票相结合的方式进行表决。本次会议的召集、召开、决策程序符合《公 司法》《上海证券交易所科创板股票上市规则》和《公司章程》的相关规定。 （五） 公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 审议结果：通过 表决情况： | 股东类型 | | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 票数 | | 比例 | 票数 | 比例 | 票数 | 比例 | | | | | （%） | | （%） | | （%） | | 普通股 | 202, ...

上海市锦天城（深圳）律师事务所 关于深圳清溢光电股份有限公司 2024 年年度股东大会之 法律意见书 地址：深圳市福田中心区福华三路卓越世纪中心 1 号楼 21、22、23 层 电话：+86-755-82816698 传真：+86-755-82816898 邮编：518048 上海市锦天城（深圳）律师事务所 法律意见书 锦天城律师根据中国现行法律、法规和规范性文件的要求，按照律师行业公 认的业务标准、道德规范和勤勉尽责精神，对公司提供的有关文件和事实进行了 核查和验证，现出具法律意见如下： 1 上海市锦天城（深圳）律师事务所 关于深圳清溢光电股份有限公司 2024 年年度股东大会之 法律意见书 致：深圳清溢光电股份有限公司 深圳清溢光电股份有限公司（以下简称"公司"）2024 年年度股东大会（以 下简称"本次股东大会"）于 2025 年 5 月 26 日（星期一）召开。上海市锦天城 （深圳）律师事务所（以下简称"锦天城"）受公司委托，指派张健律师、王振 湘律师（以下简称"锦天城律师"）出席了本次股东大会。根据《中华人民共和 国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》《上市公 司股东会规则》 ...

Core Viewpoint - The article discusses the current state and future prospects of the photomask industry, highlighting the challenges faced by domestic companies in China and the potential for growth driven by increasing demand in downstream applications such as semiconductors and flat panel displays [2][3][4]. Group 1: Photomask Industry Overview - Photomasks are critical materials in microelectronics manufacturing, serving as templates for transferring circuit designs onto substrates or wafers [2][5]. - The global photomask market has been growing steadily, reaching a size of $5.2 billion by 2022 [2]. - The domestic photomask industry in China is currently lagging, with reliance on foreign imports for upstream equipment and materials [3][35]. Group 2: Market Dynamics - The demand for photomasks is driven by the growth of downstream industries, particularly in consumer electronics and semiconductor manufacturing [35][48]. - The photomask industry exhibits a counter-cyclical property, where sales can increase during downturns in the panel industry as manufacturers invest in new product development [3][48]. - The semiconductor photomask market is dominated by companies from the US and Japan, with a significant portion of the market share held by firms like Intel, Samsung, and TSMC [3][4]. Group 3: Domestic Companies and Development - Domestic companies such as Qingyi Optoelectronics and Luwei Optoelectronics are making strides in the photomask sector, with advancements in technology and market share [4][30]. - The article emphasizes the importance of mergers and acquisitions for domestic firms to enhance their technical capabilities and compete with established international players [4][30]. - The shift of panel and semiconductor production capacity to mainland China presents an opportunity for local photomask manufacturers to grow [4][65]. Group 4: Technological and Market Trends - The photomask production process involves several complex steps, requiring high precision and advanced technology [17][21]. - The industry is witnessing a trend towards larger and more sophisticated display panels, which in turn increases the demand for advanced photomasks [52][65]. - The market for photomasks is expected to continue growing, with projections indicating a rise in the domestic market size from 7.412 billion yuan in 2019 to 12.436 billion yuan in 2023 [48][49].

深圳清溢光电股份有限公司 会议资料 二零二五年五月 深圳清溢光电股份有限公 股东大会会议资料 议案九 关于公司 2025 年度向银行申请授信及为子公司提供担保额度预计的议案 ..15 深圳清溢光电股份有限公司 2024 年年度股东大会会议资料 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 大会的顺利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司股东会规则》以及《深圳清溢光电股份有限公司章程》（以下简称"《公 司章程》"）《深圳清溢光电股份有限公司股东大会议事规则》等相关规定，深 圳清溢光电股份有限公司（以下简称"公司"或"清溢光电"）特制定 2024 年年度 股东大会会议须知： 深圳清溢光电股份有限公司 2024 年年度股东大会会议资料 证券代码：688138 证券简称：清溢光电 见之一：同意、反对或弃权。未填、错填、字迹无法辨认的表决票、未投的表决 票均视投票人放弃表决权利，其所持股份的表决结果计为"弃权"。 九、本次股东大会现场会议推举 1 名股东代表、1 名监事代表为计票人，1 名股东代表、1 名律师为监票人，审议事项与股东有关联关系的，相关股东及代 理人不 ...

证券代码：688138 证券简称：清溢光电 深圳清溢光电股份有限公司 2024 年年度股东大会会议资料 深圳清溢光电股份有限公司 2024 年年度股东大会 会议资料 二零二五年五月 1 | 2024 | 年年度股东大会会议须知 3 | | --- | --- | | 2024 | 年年度股东大会会议议程 5 | | 2024 | 年年度股东大会会议议案 7 | | 议案一 2024 | 年度董事会工作报告 7 | | 议案二 2024 | 年度监事会工作报告 8 | | 议案三 2024 | 年度财务决算报告 9 | | 议案四 2025 | 年度财务预算报告 10 | | 议案五 2024 | 年度利润分配预案 11 | | 议案六 2024 | 年年度报告及其摘要 12 | | 议案七 关于聘任公司 | 年度财务审计机构及内控审计机构的议案 13 2025 | | 议案八 2025 | 年度日常关联交易预计的议案 14 | | 议案九 关于公司 | 2025 年度向银行申请授信及为子公司提供担保额度预计的议案..15 | | 议案十 | 关于使用募集资金向控股子公司增资以实施募投项目的议案 17 | | ...

Core Viewpoint - Shenzhen Qingyi Optoelectronics Co., Ltd. plans to increase its investment in Foshan Qingyi Microelectronics Co., Ltd. by adjusting the funding source from self-owned funds to raised funds, with an additional investment of RMB 10 million [1][2] Funding Source and Use - The funding for the capital increase comes from a previous RMB 1.2 billion targeted issuance, with RMB 600 million allocated to the "High-end Semiconductor Mask Production Base Construction Project Phase I," focusing on semiconductor mask versions for process nodes from 250nm to 65nm [2] - After the capital increase, Qingyi Optoelectronics' shareholding in Qingyi Micro will rise to 95.5171% [2] Industry Background - The global semiconductor mask market is expected to grow from USD 4.046 billion in 2024 to USD 6.165 billion by 2028, with a compound annual growth rate (CAGR) of 11.10% [2] - China's wafer production capacity is projected to increase by 14% to 10.1 million pieces per month by 2025, representing nearly one-third of global capacity, while the domestic mask share remains low at 12% for high-precision masks [2] Technical Progress - Qingyi Optoelectronics has achieved breakthroughs in the semiconductor mask field, with 150nm process node products in small-scale production and 130nm-65nm PSM and OPC process masks entering the development phase [3] - The capital increase will accelerate technology transformation and enhance competitiveness against overseas manufacturers in high-end processes [3] Financial Support - Qingyi Optoelectronics reported a revenue of RMB 1.112 billion in 2024, a year-on-year increase of 20.35%, and a net profit of RMB 172 million, up 28.49% year-on-year [4] - The RMB 1.2 billion raised funds have been fully secured, and the first main equipment for the Foshan production base has been installed and is in the debugging phase [4] Market Impact - As a leading domestic mask manufacturer, Qingyi Optoelectronics strengthens its control over subsidiaries and promotes self-sufficiency in the semiconductor mask industry through technology iteration and capacity expansion [4] - The capital increase is a key step in the company's dual strategy of "flat panel display masks + semiconductor chip masks," positioning it to become a global leader in the mask industry amid accelerating domestic substitution [4]

Core Viewpoint - The domestic photomask industry is currently lagging behind, but downstream demand growth is driving the development of the photomask sector [1][2]. Industry Overview - Photomasks are critical materials in the microelectronics manufacturing process, used to transfer circuit designs onto substrates or wafers through exposure [2]. - The global photomask market has been growing steadily, reaching a size of $5.2 billion by 2022 [2]. - The photomask industry exhibits a counter-cyclical property to the panel industry, with photomask companies experiencing revenue growth during panel downturns due to increased new product development efforts by panel manufacturers [3]. Market Dynamics - The semiconductor photomask market is dominated by American and Japanese companies, with Intel, Samsung, and TSMC accounting for 65% of the market share in 2019 [3]. - Domestic photomask companies face challenges due to reliance on foreign imports for upstream equipment and materials, and limited market share in the midstream manufacturing sector [2][3]. Strategic Recommendations - Long-term development for domestic photomask companies requires acquisitions, talent acquisition, and strengthening R&D capabilities to catch up with overseas competitors [4]. - The shift of panel and semiconductor production capacity to mainland China presents a geographical advantage for domestic companies [4]. Notable Companies - Qingyi Optoelectronics (688138.SH): One of the largest domestic photomask suppliers, achieving breakthroughs in customer expansion [5]. - Luvi Optoelectronics (688401.SH): Leading in G11 panel lines, possessing core photomask manufacturing technology [6]. - Longtu Photomask (688721.SH): A leading semiconductor photomask manufacturer, covering mainstream process nodes [7]. - Wuxi Disi: A photomask manufacturing enterprise under China Resources Microelectronics, with leading technology [8]. - Haoya Optical: Jointly established a photomask subsidiary with BOE, with growth potential [9].

文章转自2025年5月 16日太平洋电子团队报告，分析师：张世杰/ 罗平 事件： 公司发布《2023年度向特定对象发行 A 股股票募集说明书(注册稿)》,本次向特定对象发行股票募集资金总额不超过120,000.00万元(含本数)，募集资金扣 除相关发行费用后将用于：1、高精度掩膜版生产基地 建设项目一期；2、高端半导体掩膜版生产基地建设项目一期。 加快产品业务布局，填补国内空白 。 1、受益于电视平均尺寸增加，大屏手机、车载显示和公共显示等需求的拉动，平板显示行业长期正处于快速发展期。据 Omdia 统计，2022年中国大陆平板显示掩膜版需求731亿日元， 预计到2027年中国大陆平板显示掩膜版需求达到822亿日元，具有广阔的市场空间。目前，中国 大陆中高端半导体掩膜版产品仍严重依赖进口，国内自主供应尚有较大的缺口。 在所处行业高速发展的背景下，公司将通过本次向特定对象发行，加快平板显 示业务布局，扩大公司的业务规模，提升持续盈利能力。 2、在海外技术封锁和贸易摩擦等不确定性因素增加的背景下，我国半导体芯片产业加速进口替代。受 益于中国大陆半导体制造领域的高速发展，半导体掩膜版市场规模呈现快速增长的趋势。由于 ...

Investment Rating - The report assigns a "Buy" rating to the company, indicating an expected relative increase of over 15% compared to the CSI 300 index in the next six months [7][14]. Core Insights - The company is a leading domestic manufacturer of photomasks, with significant growth potential due to the increasing demand in the flat panel display and semiconductor industries. The report highlights the company's plans to raise up to 1.2 billion yuan through a targeted stock issuance to fund the construction of high-precision photomask production bases [3][4]. - The domestic photomask market is expected to grow significantly, with a projected demand increase from 73.1 billion yen in 2022 to 82.2 billion yen by 2027. The company aims to fill the gap in the domestic supply of high-end semiconductor photomasks, which are currently heavily reliant on imports [4][6]. - The company has established deep partnerships with key domestic IC foundries and other semiconductor-related enterprises, enhancing its market position and technical capabilities [5]. Financial Projections - Revenue is projected to grow from 1.11 billion yuan in 2024 to 2.10 billion yuan in 2027, with corresponding net profits increasing from 172 million yuan to 408 million yuan over the same period. The report anticipates a compound annual growth rate (CAGR) of approximately 29.29% for revenue from 2025 to 2026 [8][11]. - The report forecasts a steady increase in gross margin from 27.62% in 2023 to 32.95% in 2027, indicating improved profitability as the company scales its operations [11].