Group 1: Market Dynamics - The registration pace has significantly accelerated, with a total of 594 projects currently under review, an increase of 2 from the previous period[6] - In the last two weeks, 18 new private placement projects were added, a decrease of 6 from the previous period, while 7 projects were terminated, also down by 6[6] - The average time from proposal to approval has shortened to 233 days, with a 100% approval rate for projects reviewed in the last two weeks[18] Group 2: Fundraising and Pricing - Two competitive bidding projects raised a total of 1.386 billion yuan, a decrease of 88.08% from the previous period, with a full subscription rate of 100%[32] - The average base discount rate for competitive bidding projects increased by 3.05 percentage points to 11.95%[32] - The average market discount rate for these projects rose by 3.73 percentage points to 12.76%[32] Group 3: Performance Analysis - Among the six competitive bidding projects that were unlocked, 66.67% had positive returns, a decrease of 33.33 percentage points from the previous period[43] - The average absolute return on the unlock date for these projects was 23.62%, down by 6.16 percentage points[43] - For four pricing projects, the average absolute return was -20.52%, a significant drop of 96.50 percentage points from the previous period[49] Group 4: Risk Factors - Risks include slower-than-expected review progress, fluctuations in secondary market stock prices, and changes in the competitive bidding environment[54]

Fundraising Overview - The company plans to issue 48,000,000 A-shares at a price of RMB 25.00 per share, raising a total of RMB 1,200,000,000, with a net amount of RMB 1,187,009,433 after deducting issuance costs [1][2] - The issuance was approved by the China Securities Regulatory Commission on April 7, 2025 [1] Fund Management and Regulatory Agreements - The company has established a special account for the raised funds, which will only be used for the intended purpose and not for any other uses [2][3] - A tripartite regulatory agreement has been signed between the company, China Bank, and the underwriter, CITIC Securities, detailing the responsibilities and obligations of each party [2][3] - The company will also sign a quadripartite regulatory agreement involving its subsidiaries and additional banks to ensure proper management of the funds [2][4] Fund Usage and Monitoring - The funds can be invested in cash management products as per regulatory guidelines, with the company required to notify the underwriter of any such investments [3][6] - The underwriter is responsible for ongoing supervision of the fund usage, including conducting site investigations and inquiries [4][7] - Any expenditures from the special account must be reported to the underwriter within three working days, along with a detailed expenditure list [5][8]

证券代码：688138 证券简称：清溢光电 公告编号：2025-020 深圳清溢光电股份有限公司 关于开设募集资金专户并签署募集资金专户存储监管协议 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。 一、募集资金的基本情况 根据中国证券监督管理委员会于 2025 年 4 月 7 日出具的《关于同意深圳清 溢光电股份有限公司向特定对象发行股票注册的批复》（证监许可[2025]723 号）， 同意公司 2023 年度向特定对象发行 A 股股票（以下简称"本次发行"或"本次 向特定对象发行"）。公司本次向特定对象发行人民币普通股 48,000,000 股， 发行价格为每股人民币 25.00 元，共募集资金人民币 1,200,000,000.00 元，扣 除不含税发行费用人民币 12,990,566.05 元，实际募集资金净额为人民币 1, 187,009,433.95 元。上述资金到位情况已经天健会计师事务所（特殊普通合伙） 审验，并出具了天健验〔2025〕3-20 号《验资报告》。 二、募集资金专户的开立及募集资金监管协 ...

股票简称：清溢光电 股票代码：688138 深圳清溢光电股份有限公司 （深圳市南山区朗山二路北清溢光电大楼） 2023 年度向特定对象发行 A 股股票 上市公告书 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二五年五月 1 特别提示 一、发行股票数量及价格 1、发行数量：48,000,000 股 2、发行价格：25.00 元/股 3、募集资金总额：人民币 1,200,000,000.00 元 4、募集资金净额：人民币 1,187,009,433.95 元 二、本次发行股票预计上市时间 本次发行新增股份在其限售期满的次一交易日在上交所科创板上市流通（预 计流通时间如遇法定节假日或休息日，则顺延至其后的第一个交易日）。 三、新增股份的限售安排 本次发行对象共有 16 家，均以现金参与认购，发行对象所认购的本次发行 股份自本次发行结束之日（即自本次向特定对象发行的股票登记至名下之日）起 六个月内不得转让。本次发行完成后，发行对象基于本次发行所取得的上市公司 向特定对象发行的股票，因上市公司分配股票股利、资本公积转增股本等情形所 衍生取得的股份亦应遵守上述股份锁定安排。法律法规 ...

中信证券股份有限公司 关于深圳清溢光电股份有限公司 2023 年度向特定对象发行 A 股股票 之 上市保荐书 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二五年五月 深圳清溢光电股份有限公司 2023 年度向特定对象发行 A 股股票 上市保荐书 声 明 本保荐人及保荐代表人根据《公司法》《证券法》《注册管理办法》《上市规 则》《证券发行上市保荐业务管理办法》《上海证券交易所上市公司证券发行与 承销业务实施细则（2025 年修订）》等有关法律、行政法规和中国证券监督管 理委员会、上海证券交易所的规定，诚实守信，勤勉尽责，严格按照依法制定 的业务规则和行业自律规范出具上市保荐书，并保证所出具文件真实、准确、 完整。 本上市保荐书中如无特别说明，相关用语与《深圳清溢光电股份有限公司 2023 年度向特定对象发行 A 股股票募集说明书》中的含义相同。 1 | 声 明 | 1 | | --- | --- | | 目 | 录 2 | | 一、发行人概况 3 | | | 二、发行人本次发行情况 14 | | | 三、本次证券发行的项目保荐代表人、项目协办人及项目组其他成员情况 | | ...

证券代码：688138 证券简称：清溢光电 公告编号：2025-019 深圳清溢光电股份有限公司 2023年度向特定对象发行A股股票发行结果暨股本变 动公告 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。 一、本次发行概况 （一）本次发行的内部决策程序及监管部门审核注册批复过程 1 发行数量和价格 1、发行数量：48,000,000 股 2、发行价格：25.00 元/股 3、募集资金总额：人民币 1,200,000,000.00 元 4、募集资金净额：人民币 1,187,009,433.95 元 预计上市时间 资产过户情况 本次发行的股票全部以现金认购，不涉及资产过户情况。 本次发行对公司股本结构的影响 本次向特定对象发行的新股登记完成后，公司增加 48,000,000 股有限售条件 流通股。本次发行不会导致公司控制权发生变化，公司的控股股东仍为光膜（香 港）有限公司，实际控制人仍为唐英敏、唐英年。本次向特定对象发行完成后， 公司股权分布符合《上海证券交易所科创板股票上市规则》规定的上市条件。公 司将持续完善公司治理结构， ...

Core Viewpoint - Qingyi Optoelectronics has demonstrated strong financial performance in 2024 and Q1 2025, with significant year-on-year growth in both revenue and net profit, indicating a robust position in the domestic mask plate industry [1][2]. Financial Performance - In 2024, Qingyi Optoelectronics achieved operating revenue of 1.112 billion yuan, a year-on-year increase of 20.35%, and a net profit of 172 million yuan, up 28.49% [1]. - For Q1 2025, the company reported operating revenue of 299 million yuan, reflecting a growth of 9.83%, with a net profit of 51.74 million yuan, an increase of 4.34% [1]. Industry Position - Qingyi Optoelectronics is recognized as a pioneer in the domestic mask plate industry, contributing to industry standards and domestic production capabilities [2]. - The company has played a crucial role in filling domestic gaps in the mask plate sector, including the establishment of the "Thin Film Transistor (TFT) Mask Plate Standard" in 2015 [2]. Business Segments - The revenue from the flat panel display mask plate business reached 859 million yuan in 2024, growing by 17.59%, with AMOLED/LTPS mask plates increasing by 21.75% [2]. - The semiconductor chip mask plate segment generated 193 million yuan in revenue, marking a 33.98% increase, driven by new equipment capacity and successful client development [3]. Market Share and Profitability - The company has gained market share in the domestic quartz and soda mask plate markets, with an overall gross margin of 29.44% in 2024, up 2.07 percentage points from the previous year [3]. - The gross margin for quartz mask plates was 28.40%, while soda mask plates achieved a gross margin of 42.72% [3]. Future Outlook - The company anticipates further capacity release with the completion of equipment installation at its Foshan production base [3]. - Qingyi Optoelectronics is actively investing in R&D for advanced mask plate technologies, including high-precision TFT and high-end phase-shifting mask (PSM) technologies, which are expected to drive future growth [4].

事件：公司发布2024 年度报告及25 年一季报 1）2024 年公司实现营业收入11.12 亿元，同比+20.35%；实现归母净利润1.72 亿元，同比+28.49%；实 现扣非后归母净利润1.53 亿元，同比+35.61%。 2）25Q1 公司实现营业收入2.99 亿元，同比+9.83%；实现归母净利润0.52 亿元，同比+4.34%；实现扣 非后归母净利润0.47 亿元，同比+5.41%。 产能释放+结构优化双驱动，24 年毛利率同比提升2.03pcts 半导体芯片掩模版业务：24 年实现销售收入1.93 亿元，同比+33.98%，增速领先整体业务，主要得益于 新增产能释放及客户拓展成效显现。 公司24 年收入利润实现稳健增长，主要受益于产能持续释放及新产品开发力度加大，有效带动掩膜版 需求提升，订单量显著增长。盈利能力方面，公司通过优化产品结构，提高OLED 等中高端显示产品及 半导体业务收入占比， 推动整体毛利率提升至29.65%，同比+2.03pcts。费用管控方面，公司销售/管理/ 研发费用率分别为2.16%/5.15%/4.89% ， 同比+0.04/+0.45/-0.41 pcts ； 净利 ...

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 33.60 CNY, maintaining the rating [4][10]. Core Views - The company achieved a revenue of 1.112 billion CNY in 2024, representing a year-on-year increase of 20.35%, and a net profit of 172 million CNY, up 28.49% year-on-year [1]. - The growth in revenue and profit is attributed to the continuous release of production capacity and increased development of new products, which significantly boosted the demand for mask plates [2]. - The company is actively advancing the construction of its semiconductor factory in Foshan, which is expected to enhance production capacity [3]. Financial Performance Summary - In Q1 2025, the company reported a revenue of 299 million CNY, a year-on-year increase of 9.83%, and a net profit of 52 million CNY, up 4.34% year-on-year [1]. - The gross margin for 2024 improved to 29.65%, an increase of 2.03 percentage points year-on-year, driven by product structure optimization and increased revenue from high-end display products and semiconductor business [2]. - The company’s net profit margin for 2024 was 15.47%, reflecting a year-on-year increase of 0.98 percentage points [2]. Business Segment Performance - The flat panel display mask plate business generated a revenue of 859 million CNY in 2024, up 17.59% year-on-year, primarily due to increased orders for high-spec products from the Hefei subsidiary [3]. - The semiconductor chip mask plate business saw a revenue increase of 33.98% year-on-year, reaching 193 million CNY, benefiting from new capacity release and successful customer expansion [3]. - The Hefei subsidiary's revenue grew by 25.33% year-on-year, focusing on expanding the production capacity of mid-to-high-end flat panel display mask plates [9]. Future Projections - Revenue projections for 2025, 2026, and 2027 are estimated at 1.407 billion CNY, 1.752 billion CNY, and 2.142 billion CNY, respectively, with net profits expected to be 230 million CNY, 309 million CNY, and 398 million CNY [10][12].

近期清溢光电(688138)发布2025年一季报，证券之星财报模型分析如下： 其他关键指标 每股净资产为5.75元，同比增长9.39%；每股收益为0.2元，同比增长5.26%；每股经营性现金流为0.21 元，同比减少2.29%。 营收与利润 清溢光电(688138)在2025年一季度实现营业总收入2.99亿元，同比增长9.83%。归母净利润为5174.22万 元，同比增长4.34%；扣非净利润为4711.81万元，同比增长5.41%。这表明公司在报告期内保持了较为 稳定的盈利能力。 毛利率与净利率 公司的毛利率为31.85%，较去年同期增长3.81%，显示出公司在成本控制方面有所改善。然而，净利率 为17.34%，同比下降4.96%，这可能与费用增加有关。 费用情况 值得注意的是，清溢光电的三费(销售费用、管理费用、财务费用)占营收比例从去年同期的6.36%上升 至10.44%，增幅达64.02%。这表明公司在费用控制方面面临一定压力，需要进一步优化成本结构。 现金流与负债 截至报告期末，公司的货币资金为3.65亿元，较去年同期减少9.61%。同时，有息负债达到7.44亿元， 同比增长46.42%，有息资产负 ...