根据近期公告和市场信息，路维光电(股票代码：688401)有以下值得关注的事件： 经济观察网路维光电近期公告显示，公司决定不行使"路维转债"的提前赎回权利，并已通过向特定对象 发行A股股票的预案。公司半导体掩膜版技术取得进展，厦门生产基地项目正按计划推进。 近期事件 可转债终止发行 公司股票在2025年12月17日至2026年1月8日期间触发"路维转债"的有条件赎回条款，但董事会决定不行 使提前赎回权利，并明确未来3个月内(至2026年4月8日)即使再次触发条件也不会赎回，届时将重新计 算触发周期。 定增股票 公司于2026年1月21日召开董事会，审议通过2026年度向特定对象发行A股股票的预案，该计划尚需股 东会审议及监管机构批准，后续进展需关注相关公告。 公司项目推进 厦门高世代高精度光掩膜版生产基地项目正在推进，一期设备已开始采购，预计2026年下半年实现收 入，旨在提升高精度掩膜版产能以应对下游需求。 产品研发进展 公司在半导体掩膜版领域已实现180nm制程量产，130nm制程产品通过验证并小批量量产，同时28nm等 更先进节点正在研发和验证中，未来技术迭代值得关注。 以上内容基于公开资料整理，不构成 ...

项目将采取分期建设、分步投产的策略，其中前期工程将率先建设5条生产线。根据当前的施工进 度推算，预计今年上半年项目将迎来核心设备的正式搬入，今年年中即可实现试产目标。 根据 路维光电 2025年11月接受投资者调研时的表述，为进一步扩充公司高世代高精度掩膜版的 产能，公司于厦门市投资建设"厦门路维光电高世代高精度光掩膜版生产基地项目"。 据厦门火炬高新区消息，厦门路维光电高世代高精度光掩膜版生产基地项目 的 三栋主厂房已 在 1月 完成 全面封顶，标志着项目建设正式从土建施工阶段，迈入内部装修与机电安装阶段。 据介绍，该项目由科创板上市公司深圳 路维光电 投资建设，计划总投资20亿元，拟建设11条高 端光掩膜版产线，重点研发生产G8.6及以下AMOLED / LTPO / LTPS / FMM用高精度光掩膜 版，项目于2025年7月奠基。 图片来源：路维光电 "掩膜版是微电子制造过程中的'底片'，其精度高低直接影响着终端屏幕的显示精度。"在即将启动 设备安装的厂房内，相关负责人介绍未来的产线布局和项目规划。按照计划， 项目 将建设11条高 端光掩膜版生产线，重点攻坚G8.6及以下高精度光掩膜版，填补国内相关领 ...

证券代码：688401 证券简称：路维光电 公告编号：2026－011 转债代码：118056 转债简称：路维转债 深圳市路维光电股份有限公司 2026年第一次临时股东会决议公告 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） 股东会召开的时间：2026 年 2 月 6 日 （二） 股东会召开的地点：深圳市南山区南山街道桂湾社区梦海大道 5035 号华 润前海大厦 A 座 9 楼 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 91 | | --- | --- | | 普通股股东人数 | 91 | | 2、出席会议的股东所持有的表决权数量 | 91,265,193 | | 普通股股东所持有表决权数量 | 91,265,193 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 47.4067 | | 例（%） | | | 普通股股东所持有表决 ...

北京观韬（深圳）律师事务所 关于深圳市路维光电股份有限公司 2026年第一次临时股东会的 法律意见书 观意字2026SZ000012号 致：深圳市路维光电股份有限公司 北京观韬（深圳）律师事务所（以下简称"本所"）接受深圳市路维光电股 份有限公司（以下简称"公司"）的委托，指派律师列席公司于2026年2月6日召 开的2026年第一次临时股东会（以下简称"本次股东会"），并依据《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》（以 下简称"《证券法》"）、中国证券监督管理委员会《上市公司股东会规则》（以 下简称"《股东会规则》"）等中国现行法律、法规和规范性文件以及《深圳市 路维光电股份有限公司章程》（以下简称"《公司章程》")、《深圳市路维光电 股份有限公司股东会议事规则》（以下简称"《议事规则》"）的有关规定，就 本次股东会的召集和召开程序、出席会议人员资格、表决程序、表决结果等事项 进行见证，并出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的有关本次股东会的文件， 听取了公司就有关事实的陈述和说明，列席了本次股东会。公司承诺其所提供的 文件和所作的陈述和说明是完 ...

Core Viewpoint - The electronic industry panel manufacturers are continuing their production control strategies, leading to price increases for large-sized panels, which are expected to persist due to demand from events like the World Cup [1][2]. Group 1: Panel Price Trends - Large-sized panel prices are expected to continue rising as manufacturers maintain production control, with demand remaining stable [2]. - AVC data indicates that all sizes of TV panels saw price increases in late January, with some monitor panels also experiencing price hikes [1][2]. - The tight supply-demand situation for TV panels is extending to monitor panels, with expectations of price increases in February [2]. Group 2: Capital Expenditure Trends - The large-scale capital expenditure cycle in the panel industry is nearing its end, with leading manufacturers expected to significantly reduce future spending [3]. - According to BOE's announcement, 2025 will be the peak year for capital expenditure, with a significant decline anticipated starting in 2027 [3]. - TCL Technology is focusing on investments aligned with the accelerated penetration of OLED in the mid-size market, with no major new production line investments planned beyond the T8 line [3]. Group 3: Mobile OLED Panel Market - Mobile OLED panel prices are under short-term pressure, but the impact is expected to be manageable [4]. - The penetration rate of mobile OLED panels is anticipated to continue increasing, which may offset the decline in overall smartphone shipments [4]. - Omdia forecasts that global smartphone AMOLED panel shipments will decrease slightly to 810 million units in 2026, a minor decline from 817 million in 2025 [4]. Group 4: Investment Recommendations - The favorable supply-demand relationship and the expected continuation of price increases for large-sized panels suggest potential investment opportunities in panel manufacturers such as TCL Technology, BOE A, and others [5]. - Related material manufacturers and display driver chip manufacturers are also highlighted as potential investment targets [5].

证券代码：688401 证券简称：路维光电 转债代码：118056 转债简称：路维转债 深圳市路维光电股份有限公司 2026 年第一次临时股东会会议资料 2026 年 2 月 会议资料目录 | 2026 | 年第一次临时股东会会议须知 2 | | --- | --- | | 2026 | 年第一次临时股东会会议议程 4 | | 2026 | 年第一次临时股东会会议议案 6 | | | 议案一：《关于公司符合向特定对象发行 A 股股票条件的议案》 6 | | | 议案二：《关于公司 2026 年度向特定对象发行 A 股股票方案的议案》 7 | | | 议案三：《关于公司 2026 年度向特定对象发行 A 股股票预案的议案》 11 | | | 议案四：《关于公司 2026 年度向特定对象发行 A 股股票方案的论证分析报告的议案》 | | | 12 | | | 议案五：《关于公司 2026 年度向特定对象发行 A 股股票募集资金使用可行性分析报告的 | | | 议案》 13 | | | 议案六：《关于公司 2026 年度向特定对象发行 A 股股票摊薄即期回报、采取填补措施及 | | | 相关主体承诺的议案》 14 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative increase in stock price of over 20% compared to the benchmark index within the next six months [5][13]. Core Insights - The company is positioned to benefit from the increasing penetration of OLED technology and the expansion of panel manufacturers, which is expected to significantly open up the domestic market for photomasks. Currently, China holds 76% of global LCD capacity and 47% of OLED capacity, with photomask capacity at only 31.4%, indicating a substantial demand gap [3]. - The company is investing RMB 2 billion in a new production base in Xiamen to enhance its capacity for high-generation, high-precision photomasks, with plans to establish 11 production lines focused on G8.6 and below AMOLED technologies. The first phase of this project is expected to generate revenue by the second half of 2026 [3]. - The semiconductor photomask market in China is projected to reach nearly RMB 20 billion by 2025, driven by advancements in packaging technologies and increasing demand from sectors such as AI, automotive electronics, and 5G/6G applications. The company has already achieved mass production of photomasks for 180nm nodes and is progressing towards 130nm and 150nm nodes [4]. Financial Projections - The company is expected to achieve revenues of RMB 1.17 billion, RMB 1.57 billion, and RMB 2.11 billion for the years 2025, 2026, and 2027, respectively, with net profits of RMB 264 million, RMB 366 million, and RMB 515 million for the same years [5][9]. - The projected growth rates for revenue are 30.21% for 2025, 33.63% for 2026, and 34.27% for 2027, indicating a strong upward trend in financial performance [9][12]. - The earnings per share (EPS) are forecasted to be RMB 1.37, RMB 1.89, and RMB 2.66 for 2025, 2026, and 2027, respectively, with a decreasing price-to-earnings (P/E) ratio from 56.93 in 2024 to 21.10 in 2027, suggesting improving valuation metrics over time [9][12].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative increase in stock price of over 20% compared to the benchmark index within the next six months [5][13]. Core Insights - The company is positioned to benefit from the increasing penetration of OLED technology and the expansion of panel manufacturers, which is expected to significantly open up the domestic market for photomasks. Currently, China holds 76% of global LCD capacity and 47% of OLED capacity, with photomask capacity at only 31.4%, indicating a substantial demand gap [3]. - The company is investing RMB 2 billion in a new production base in Xiamen to enhance its capacity for high-generation, high-precision photomasks, with plans to establish 11 production lines focused on G8.6 and below AMOLED technologies. The first phase will include 5 production lines, with equipment expected to be installed by 2026 [3]. - The semiconductor photomask market in China is projected to reach nearly RMB 20 billion by 2025, driven by advancements in packaging technologies and increasing demand from sectors such as AI, automotive electronics, and 5G/6G [4]. Financial Projections - The company is expected to achieve revenues of RMB 1.17 billion, RMB 1.57 billion, and RMB 2.11 billion for the years 2025, 2026, and 2027, respectively. Corresponding net profits are projected to be RMB 264 million, RMB 366 million, and RMB 515 million [5][9]. - The report outlines a growth rate of 30.21% for 2025, with subsequent years showing growth rates of 33.63% and 34.27% for 2026 and 2027, respectively [9][12]. - The earnings per share (EPS) is forecasted to increase from RMB 0.99 in 2024 to RMB 2.66 by 2027, reflecting a strong upward trend in profitability [12].

Group 1 - The core viewpoint of the news is that Lu Wei Optoelectronics experienced a decline in stock price while showing significant financing activity, indicating a high level of investor interest despite the drop [1] - On January 26, Lu Wei Optoelectronics' stock fell by 3.57%, with a trading volume of 283 million yuan. The financing buy amount was 30.01 million yuan, while the financing repayment was 26.75 million yuan, resulting in a net financing purchase of 3.27 million yuan [1] - As of January 26, the total balance of margin trading for Lu Wei Optoelectronics was 352 million yuan, which accounts for 3.29% of its circulating market value, indicating a high level compared to the past year [1] Group 2 - As of September 30, the number of shareholders for Lu Wei Optoelectronics reached 10,600, an increase of 25.18% from the previous period, with an average of 18,292 circulating shares per person, up by 33.47% [2] - For the period from January to September 2025, Lu Wei Optoelectronics achieved an operating income of 827 million yuan, representing a year-on-year growth of 37.25%, and a net profit attributable to shareholders of 172 million yuan, up by 41.88% [2] - Since its A-share listing, Lu Wei Optoelectronics has distributed a total of 132 million yuan in dividends [3]

Group 1 - The core issue revolves around the crackdown on stock influencers (known as "大V") who have been manipulating the market and misleading retail investors, leading to significant financial losses for the latter [2][3][37] - On January 19, the Zhejiang Securities Regulatory Bureau issued a penalty of over 83 million yuan to a stock influencer named Jin Yongrong, also known as "Jin Huo," for market manipulation [3][39] - The regulatory actions included the permanent banning of 22 influencer accounts on the Snowball platform, which were known for long-term stock recommendations and had large followings [2][37][61] Group 2 - Jin Yongrong's account had approximately 130,000 followers and was involved in promoting stocks across multiple platforms, including WeChat and Xiaohongshu, significantly increasing his influence [4][39] - His trading activities included buying stocks before recommending them and then selling them at a profit to retail investors, which led to a calculated illegal gain of approximately 41.6 million yuan [8][41][42] - The regulatory body emphasized that disclaimers in his posts did not absolve him of responsibility, as they were merely formalities that did not change the nature of his actions [7][40] Group 3 - Other platforms like Ant Group, Douyin, and Tencent have also announced measures to combat misleading financial content, with Ant Group reporting the removal of over 58,000 pieces of illegal financial promotional content [28][32][61] - The crackdown is part of a broader initiative to address issues such as excessive speculation, inducement of follow-on trading, and the dissemination of false information in the capital markets [26][59] - The actions taken against these influencers reflect a growing concern over the integrity of the capital markets and the protection of retail investors from fraudulent practices [2][37][58]