深圳清溢光电股份有限公司（以下简称"公司"）于 2025 年 8 月 22 日召开 第十届董事会执行委员会第三次会议、第十届董事会第十三次会议，审议通过了 《关于调整公司组织架构的议案》。为保障公司战略规划落地实施，更好地整合 资源配置，优化业务流程和人员配置，提高公司科学管理水平和运营效率，公司 对现有组织架构进行了调整与优化。本次组织架构调整是对公司内部管理机构的 调整，不会对公司生产经营活动产生重大影响，调整后的公司组织架构图详见附 件。 证券代码：688138 证券简称：清溢光电 公告编号：2025-040 深圳清溢光电股份有限公司 关于调整公司组织架构的公告 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。 特此公告。 深圳清溢光电股份有限公司 董事会 2025 年 8 月 26 日 附件： ...

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。 证券代码：688138 证券简称：清溢光电 公告编号：2025-039 深圳清溢光电股份有限公司 关于召开2025年第三次临时股东大会的通知 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025年第三次临时股东大会 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 9 月 10 日 14 点 00 分 召开地点：深圳市南山区朗山二路北清溢光电大楼深圳清溢光电股份有限公 司会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 10 日 | 序号 | 议案名称 | 投票股东类型 | | --- | --- | --- | | | | 股股东 A | | 非累积投票议案 | | | | 1 | 《关于取消监事会、变更注册资本、修订<公 | ...

证券代码：688138 证券简称：清溢光电 公告编号：2025-038 深圳清溢光电股份有限公司 第十届监事会第七次会议决议公告 本公司监事会及监事会全体成员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。 一、监事会会议召开情况 深圳清溢光电股份有限公司（以下简称"公司"）于 2025 年 8 月 12 日以邮件、 电话及当面送达等方式发出会议通知，于 2025 年 8 月 22 日以通讯方式召开第十 届监事会第七次会议。会议应到监事三名，实到监事三名。本次会议由公司监事 会主席唐慧芬主持，公司全体监事出席了本次会议。本次监事会会议的召集、召 开符合《中华人民共和国公司法》等法律法规、《深圳清溢光电股份有限公司章 程》（以下简称"《公司章程》" ）及公司《监事会议事规则》的有关规定， 会议合法有效。 二、监事会会议审议情况 本次会议经与会监事审议并形成如下决议： （一）审议通过《2025 年半年度报告及摘要》 经审核，监事会认为：公司 2025 年半年度报告的编制和审核程序符合相关 法律、法规，《公司章程》和公司内部管理制度的规定，内容和格式 ...

深圳清溢光电股份有限公司2025 年半年度报告 公司代码：688138 公司简称：清溢光电 深圳清溢光电股份有限公司 2025 年半年度报告 1 / 209 深圳清溢光电股份有限公司2025 年半年度报告 重要提示 一、本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、重大风险提示 公司已在本报告中详细描述了存在的风险因素，敬请查阅第三节"管理层讨论与分析 "中关于风 险因素的内容。 三、公司全体董事出席董事会会议。 四、本半年度报告未经审计。 五、公司负责人唐英敏、主管会计工作负责人任新航及会计机构负责人（会计主管人员）熊成春 声明：保证半年度报告中财务报告的真实、准确、完整。 六、董事会决议通过的本报告期利润分配预案或公积金转增股本预案 公司拟向全体股东每 10 股派发现金红利人民币 0.9 元（含税）。截至本披露日，公司总股本 314,800,000 股，扣减回购专用证券账户中股份数 1,723,419 股后为 313,076,581 股，以此为基数计 算合计拟派发现金红利人民币 28,17 ...

证券代码：688138 证券简称：清溢光电 公告编号：2025-037 深圳清溢光电股份有限公司 关于 2025 年半年度利润分配预案公告 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： 每 10 股派发现金红利人民币 0.9 元（含税）。不派送红股，不进行转增。 本次利润分配以实施权益分派股权登记日登记的总股本扣减公司回购专 用证券账户中的股份数为基数，具体日期将在权益分派实施公告中明确。 在实施权益分派的股权登记日前公司总股本扣减公司回购专用证券账户 中的股份数发生变动的，拟维持分配总额不变，相应调整每股分配比例，并将另 行公告具体调整情况。 本次利润分配预案尚需提交公司 2025 年第三次临时股东大会审议，审议 通过之后方可实施。 1 公司拟向全体股东每 10 股派发现金红利人民币 0.9 元（含税）。截至本披 露日，公司总股本 314,800,000 股，扣减回购专用证券账户中股份数 1,723,419 股 后 为 313,076,581 股 ， 以 此 为 基 数 计 算 合 计 拟 派 发 现 ...

Core Viewpoint - The stock of Qingyi Optoelectronics has shown significant growth in 2023, with a year-to-date increase of 43.77%, indicating strong market performance and investor interest [3]. Group 1: Stock Performance - As of August 22, Qingyi Optoelectronics' stock price rose by 2.03% to 32.68 CNY per share, with a total market capitalization of 10.288 billion CNY [1]. - The stock has experienced a 2.86% increase over the last five trading days, an 11.50% increase over the last 20 days, and a 29.16% increase over the last 60 days [3]. Group 2: Financial Metrics - For the period from January to March 2025, Qingyi Optoelectronics reported a revenue of 299 million CNY, reflecting a year-on-year growth of 9.83% [3]. - The company has distributed a total of 189 million CNY in dividends since its A-share listing, with 128 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of July 31, 2023, the number of shareholders for Qingyi Optoelectronics reached 10,300, an increase of 4.55% from the previous period [3]. - The average number of circulating shares per shareholder decreased by 4.35% to 26,021 shares [3]. - As of March 31, 2025, Hong Kong Central Clearing Limited is the sixth-largest circulating shareholder, holding 1.2335 million shares, an increase of 325,600 shares from the previous period [4]. Group 4: Market Position - Qingyi Optoelectronics is classified under the semiconductor materials sector within the electronics industry, with key concepts including OLED, chip concepts, third-generation semiconductors, mid-cap, and flexible electronics [3].

Core Viewpoint - The article emphasizes the critical role of photomasks in the semiconductor manufacturing process, highlighting the high technical barriers and low domestic penetration rates in the photomask market, which presents significant investment opportunities in the context of domestic semiconductor supply chain enhancement [2][3]. Group 1: Photomask Production and Market - Photomask production has high technical barriers, and the market is vast with low domestic penetration rates [3][57]. - The photomask market is one of the top three segments in the semiconductor materials market, accounting for approximately 12% of the semiconductor materials market size [63]. - The semiconductor and flat panel display sectors are the largest application markets for photomasks, with semiconductors occupying 60% of the market share [61]. Group 2: Market Size and Growth - The global semiconductor materials market is projected to reach $67.5 billion in 2024, with a year-on-year growth of 3.8% [69]. - The domestic semiconductor photomask market is expected to approach 20 billion RMB by 2025, with wafer manufacturing photomasks estimated at 10 billion RMB [66]. - The independent third-party photomask manufacturers' market share is expected to increase, as they can leverage economies of scale and specialized technology [70]. Group 3: Investment Logic - Investing in the photomask sector is seen as a dual opportunity: it is not only a story of domestic replacement in a multi-billion scale semiconductor materials market but also an investment in companies capable of overcoming technological barriers and growing alongside China's wafer production capacity [2].

Group 1 - China is the largest panel production and R&D center globally, with over 60% of the world's flat panel display capacity [1][2] - The upstream core material, photomask, is currently monopolized by manufacturers from the US, Japan, and South Korea, while domestic companies like Qingyi Optoelectronics and Luvi Optoelectronics are improving their market penetration [1][2] - Photomasks are critical materials in the manufacturing process, with a significant cost share in semiconductor production, accounting for approximately 13% of the total material costs [1] Group 2 - The revenue scale of domestic photomask manufacturers is relatively low, and there is a need for increased market penetration [3] - The domestic semiconductor photomask market is projected to reach approximately 18.7 billion RMB by 2025, with wafer manufacturing photomasks expected to account for 10 billion RMB [3] - Domestic manufacturers are in a phase of continuous technological upgrades and the release of new high-end capacities, with photomask penetration expected to increase significantly [3]

半导体领域，根据路维光电2024年年报统计显示，根据多方机构预测需求综合研判，预 计2025年国内半导体掩膜版市场规模在约为187亿人民币，其中晶圆制造用掩膜版预计为100 亿元人民币，封装用掩膜版预计为26亿元人民币，其他器件用掩膜版为61亿元人民币。目前 国内厂商掩膜版营收体量整体来说相对较低，各厂商正处于技术持续升级、新高端产能即将 陆续释放、半导体掩膜版渗透率由1走向N的阶段。 投资建议：清溢光电（重点推荐）、路维光电（建议关注）、龙图光罩（建议关注） 风险提示：市场竞争加剧的风险、下游需求不景气的风险、产品升级和客户导入不及预 期、汇率波动风险、国际地缘风险。（华金证券 熊军,王臣复） 以下为研究报告摘要： 核心观点 掩膜版是微电子制造过程中的图形转移母版，是平板显示、半导体、触控、电路板等行 业生产制造过程中重要的关键材料。作为光刻复制图形的基准和蓝本，掩膜版是连接工业设 计和工艺制造的关键，掩膜版的精度和质量水平会直接影响最终下游制品的优品率。根据国 际半导体产业协会（SEMI）的统计分析，2019年半导体晶圆制造材料的市场规模达322亿美 元，其中，成本占比最高的是硅片，其次就是掩膜版和半导体 ...

Investment Rating - The report maintains an "Outperform" rating for the semiconductor mask industry, particularly focusing on domestic manufacturers entering a new phase of development [1]. Core Insights - The mask is a critical material in microelectronics manufacturing, directly impacting the yield of downstream products. The semiconductor wafer manufacturing materials market reached $32.2 billion in 2019, with masks accounting for approximately 13% of costs [3]. - China is the largest panel production base globally, with over 60% of the world's capacity. However, the mask market is still dominated by US and Japanese manufacturers, with domestic players like Qingyi Optoelectronics and Luwei Optoelectronics gradually increasing their market penetration [3]. - The domestic semiconductor mask market is projected to reach approximately 18.7 billion RMB in 2025, with wafer manufacturing masks expected to account for 10 billion RMB [3]. - Investment recommendations include Qingyi Optoelectronics (strong buy), Luwei Optoelectronics (watch closely), and Longtu Photomask (watch closely) [3]. Summary by Sections Section 1: Mask Production and Market Dynamics - The mask production process has high technical barriers, and the market is vast with low domestic penetration. High-end masks require advanced equipment and material support [5][6]. - The semiconductor mask industry is closely tied to the growth of downstream sectors, with masks representing about 12% of the semiconductor materials market [74]. Section 2: Market Size and Growth Projections - The global semiconductor materials market is expected to reach $67.5 billion in 2024, with a projected growth rate of 3.8% [77]. - The domestic semiconductor mask market is anticipated to grow significantly, with a forecast of 18.7 billion RMB in 2025, driven by increasing demand in wafer manufacturing and packaging [80]. Section 3: Competitive Landscape - The independent third-party mask manufacturers are expected to gain market share as the disadvantages of self-built mask factories become apparent. Currently, independent manufacturers hold about 35% of the market, with major players being Photronics, Toppan, and DNP [83]. - Domestic manufacturers like Qingyi Optoelectronics and Luwei Optoelectronics are gradually increasing their market presence, although their overall revenue remains relatively low compared to international competitors [86].